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Mineral Wells
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developmentHigh priorityopen

NW 2nd Avenue abandonment and Famous Water development

Mineral Wells

Summary

The city may close a stretch of NW 2nd Avenue between NW 7th and NW 9th Streets and convey the property, paired with a development agreement with Famous Water Holdings, LLC. It's a notable step in downtown redevelopment around the Famous Water brand.

At a glance

Total mentions
1
Last 30 days
1

Impact analysis

💰Financial impact

The value of the conveyed right-of-way and any developer obligations aren't spelled out in the agenda packet summary.

✅Who benefits

Famous Water Holdings, LLC and, depending on the terms, downtown redevelopment generally.

⚠️Who could be affected

Not specified; abandonment of public right-of-way can raise access questions for nearby property owners.

Mentions & discussions (1)

Related development

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