- Associated Press - Sunday, March 23, 2014

VINTON, La. (AP) - The Town Council has authorized Mayor Kenneth Stinson to open negotiations with a hotel developer who is interested in a town-owned tract on West Street.

Stinson told The American Press (http://bit.ly/1eOXZNb) that the town bought a 12-acre tract on West Street in late 2013 with plans to sell the property for economic development.

“We have had some opportunities for economic development before, but we had to send them to the people that owned the property to entertain,” Stinson said.

He said those opportunities didn’t develop because the price asked by the previous owners was too high. Now that the town owns the property, he said, there has been much interest from potential buyers, including hotels and other businesses.


Stinson said he met recently with a hotel developer who is interested in buying three acres. Stinson said the town also has a buy-sell agreement with another developer for four additional acres at the site.

“I have no doubt we will sell all 12 acres,” Stinson said. “All of this will be tax-based, and that’s all extra income for the city. There will be lots of opportunities for jobs as well. We’re just so excited.”

___

Information from: American Press, http://www.americanpress.com