Old Harrah's property appraised and ready for sale - KPLC 7 News, Lake Charles, Louisiana

Old Harrah's property appraised and ready for sale

LAKE CHARLES, LA (KPLC) -

It's been cleared for weeks but the old Harrah's property has been without a value until now. According to appraisers the lakefront property is worth no less than $3,270,000.

"With that said I wanted to add an item to the agenda in order to authorize the City of Lake Charles to sell surplus property donated by Pinnacle," said Stuart Weatherford, Lake Charles City Council.

The appraisal does not include the old parking garage. In need of repair city officials felt it was in the best interest to keep the parking garage separate.

"It will take somewhere in the neighborhood of $1.2-million and $2-million to fix that garage and that's why it brought our appraisal down because of the liability on the cost," explained Dana Carl Jackson, Lake Charles City Council.

Mayor Randy Roach said the garage still has use. With at least 400 parking spots engineers believe it is feasible for repair.

"It definitely has value and I think we need to hold onto that property for the moment and find out what the interest is in the development then we can deal with the parking issue. Because obviously as you all know - no matter what development we have talked about over the last several years - parking has always been an issue," said Mayor Roach.

But the issue at center stage now is getting a buyer for the property. While company Mardi Gras Boardwalk's proposal for a mixed use commercial/entertainment development appears to be the front runner - there is no firm commitment and council members said it's still wide open.

"I think Mardi Gras Boardwalk is still serious about their commitment. They have continued talks for more than two years. I think that one is serious and we might have some more... Who knows," said Jackson.

The proposals will have to include a management and business plan and a timeline of construction. The earliest the city council will make a decision on a sale will be May 16th.

Copyright 2012 KPLC. All rights reserved.

  • More Local NewsNewsMore>>

  • WATCH LIVE ON 7NEWS SUNRISE: West Nile virus

    WATCH LIVE ON 7NEWS SUNRISE: West Nile virus

    Thursday, August 17 2017 6:38 AM EDT2017-08-17 10:38:05 GMT
    (Source: KPLC)(Source: KPLC)

    Good Morning. John Bridges and Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>

    Good Morning. John Bridges and Britney Glaser here with a look at what's coming up on 7News Sunrise.

    More >>
  • 10-year-old from Sulphur saved mom and brother's life

    10-year-old from Sulphur saved mom and brother's life

    Thursday, August 17 2017 6:36 AM EDT2017-08-17 10:36:54 GMT
    Jayden Fontenot (Source: KPLC)Jayden Fontenot (Source: KPLC)

    Jayden Fontenot, a 10-year-old from Sulphur became a hero last Friday when his mother, Ashly Moreau went into labor with his baby brother at just 34 weeks. 

    More >>

    Jayden Fontenot, a 10-year-old from Sulphur became a hero last Friday when his mother, Ashly Moreau went into labor with his baby brother at just 34 weeks. 

    More >>
  • FIRST ALERT FORECAST: Lower rain chances for today, leading to hot temperatures this afternoon!

    FIRST ALERT FORECAST: Lower rain chances for today, leading to hot temperatures this afternoon!

    Thursday, August 17 2017 4:06 AM EDT2017-08-17 08:06:13 GMT
    Heat Advisory Issued from 9:00 am to 7:00 pmHeat Advisory Issued from 9:00 am to 7:00 pm

    We will start today with mostly clear skies. A few clouds will build up this afternoon with the possibility of a few very isolated showers. Rain chances are only up to 20% for the day. With the low coverage of rain and clouds, we will have hot temperatures reaching the mid 90s this afternoon. We are under a heat advisory from 9:00 am until 7:00 pm. Overnight, we will have mostly clear skies with temperatures in the upper 70s. 

    More >>

    We will start today with mostly clear skies. A few clouds will build up this afternoon with the possibility of a few very isolated showers. Rain chances are only up to 20% for the day. With the low coverage of rain and clouds, we will have hot temperatures reaching the mid 90s this afternoon. We are under a heat advisory from 9:00 am until 7:00 pm. Overnight, we will have mostly clear skies with temperatures in the upper 70s. 

    More >>
Powered by Frankly