WHEELING, W.Va. — City officials are looking to put more skin in the game of downtown redevelopment with the purchase of 1437 Market St. — home to Wheeling’s adult entertainment store.
Wheeling City Council on Tuesday will hear the first reading of legislation to purchase the building occupied by Market Street News from Lazy Shadow Realty. It would complete city officials’ long-desired acquisition of a stretch of four buildings on the block for future development.
The proposed purchase price is $140,000. If approved, city taxpayers would become landlords to Market Street News through early next year.
Mayor Glenn Elliott said Market Street News would not face eviction under the city’s ownership, but would stay through the remainder of its lease, paying $2,275 per month in rent to the city through April.
“I recognize that it’s a somewhat unusual situation…