New Braunfels Utilities facility on Main Plaza is is likely to be sold to the city, which still could pursue plans to turn it into a boutique hotel.
The city of New Braunfels has moved a step closer to purchasing its utility’s downtown headquarters, with funding approved for the $4.55 million purchase. The city’s Economic Development Corp.’s board voted last week to approve granting the money to purchase the current 1.3-acre New Braunfels Utilities facility on Main Plaza , which would transfer ownership of the building from the city-owned utility to the city itself.
Mayor Neal Linnartz was not present when the board voted to sell the building to the city. “NBU is a utility company and economic development is not part of its core business,” NBU said in a statement. “The City of New Braunfels is in a much better position to assess its development goals and objectives and advance this type of development in a way that best suits the community.
New Braunfels Economic Development Corp. City Council Seals Family Properties Jordan Matney Shane Hines Neal Linnartz Jason Hurta Main Plaza New Braunfels The Mainzer HILL COUNTRY Engel Road Interstate 35 The City Of New Braunfels
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