County enters contract to pay $1.25M for Spectrum building

By Zach Jensen,

A round of applause was heard in the Winneshiek County Courthouse Annex building Monday morning, when Board of Supervisors Chair Dan Langreck announced that, after the county’s purchase of what’s commonly known as “the Spectrum building”, all current tenants of the building are welcome to continue leasing their spaces. 

The county entered into a contractual purchase of the 18,000 sq. ft. building, located at 607 Washington St., Decorah, on Friday, March 1. Per the agreement, the county paid $250,000 on March 1 and will pay $250,000 per year until the total purchase price of $1.25 million is paid – the final payment for which will be made in 2029.

One of the stipulations for the sale, said Spectrum Board Vice President Paul Greenberg outside of the supervisors’ meeting, was that all the current tenants, which includes Toys Go ‘Round, NEI3A, the Decorah Community Food Pantry and The Spectrum Network, be allowed to stay in the building after the sale.

Full article in the February 7 Decorah Public Opinion Newspaper.

 

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