Showing posts with label parcels. Show all posts
Showing posts with label parcels. Show all posts

Wednesday, April 28, 2010

It's Spring Cleaning Time for MoDOT


It’s that time of year. People are spring cleaning and getting rid of things they no longer need or want, and MoDOT is no exception. This week, the department is selling 32 pieces of prime real estate no longer needed to run the state highway system. The parcels, which range in size from a quarter of an acre to 200 acres, will be conveyed by sealed bid or public auction. More information can be found at www.modot.org/realtyforsale.

Selling excess land enables the department to put more money into state highway projects. In fiscal year 2009, MoDOT sold 228 properties, generating more than $4.2 million for state highway improvements.

As an added bonus, the department’s Realty to Roads program is gaining national recognition as a property management model. The Federal Highway Administration has given the program its 2010 Excellence in Right of Way award in the Technical Specialties category.

Tuesday, March 9, 2010

MoDOT Property Sales = $$ For Roads and Bridges


Garage sales are a great way to get rid of stuff you don’t want anymore but that might be worth something to someone else. MoDOT recently held a garage sale of sorts to dispose of property it’s no longer using to build or maintain the state’s highway system.

The agency advertised 21 highly marketable pieces of property for sale by auction or sealed bid over a five-day period. The realty blitz not only brought in $676,739 that will be used for road and bridge projects, it transferred idle land in the state’s inventory to interested property buyers.

Because the effort was so successful, MoDOT will hold a second sales blitz from April 26-30. Thirty-two pieces of property ranging in size from a quarter of an acre to 200 acres will be offered for sale to the public at that time. More information can be found at www.modot.org/realtyforsale.