business jobsMedium priorityopen

Downtown Property Acquisition at 324 North Gray Street

Killeen

Summary

The city and KEDC are purchasing a vacant historic downtown building to prevent blight and partner with private developers for revitalization.

At a glance

Declining — being discussed less frequently. 0 mentions in the last 30 days.

💰Financial impact

Property purchase at $39 per square foot, backed by KEDC partnership and revitalization incentives.

✅Who benefits

Downtown business owners, taxpayers, and residents visiting the commercial district.

The city and KEDC are purchasing a vacant historic downtown building to prevent blight and partner with private developers for revitalization.

Allows the operation of a veteran-owned lounge offering cigar and alcohol sales on the city's north side.

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