Approve revised deal to buy Motel 6 on 24th Street for homeless housing
In Plain English
The city negotiated to buy this motel for $6.2 million after the original $9.1 million price was too high. The deal includes 48 apartments for homeless residents plus 1 manager unit. If approved, Richmond contributes up to $4.9 million and waives $177,000 in unpaid hotel taxes from the current owner.
Auto-generated summary. Source: official agenda documents.
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