CHEYENNE — A private developer has closed a deal with the city of Cheyenne to purchase an inn that closed in 2009 amid financial trouble.
The purchasing agreement signed by private developer John Koehler was expected to be finalized in mid-April, but could be pushed back amid coronavirus concerns, the Wyoming Tribune Eagle reported.
His limited liability company JPK TR Cheyenne II is expected to donate a portion of the property back to the city, including three of the Hitching Post buildings and access to the Ice and Events Center from Lincolnway, Koehler said.
“This is an exciting game-changer for that entire area,” Mayor Marian Orr said.
The city wanted to maintain access to the Ice and Events Center from Lincolnway to spur economic development on the western side of town, city officials stated.
Cheyenne City Council has postponed accepting the donation Monday during a council meeting after having technical difficulties on its livestream, but plans to address the topic again.
The donation will also allow the city to put up new signage, improve lighting in the parking lot and stabilize the abandoned buildings with boards and fencing to mitigate any public safety concerns for residents visiting the Ice and Events Center, officials said.
Police have fielded several calls relating to crime and drug use at the location.
“It’s been a very dangerous area, and so this is going to allow us as a city, owning those properties, to board them up until we as a community decide what the community needs are and how best to utilize those buildings,” Orr said.
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