Retail stores are gearing up for their spring sales. More and more homes are starting to put the 'for sale' sign in their yard. And many people are also gearing up for garage sales as the weather gets warmer. All of these are sure signs of spring!
MoDOT is getting the spring sale bug as well. Mark your calendars for the spring property sale March 28 - April 1. Thirty-nine parcels ranging in size from one-tenth of an acre to 199 acres will be available for purchase by either auction or sealed bid.
Why the sale?
"While we no longer need this land, the parcels we're selling are valuable, and we're trying to find that right buyer," said Gregory Wood, Realty to Roads Project Director in MoDOT's Right of Way Division.
In addition to brining in money for highway projects, Wood said selling excess right of way saves maintenance costs, reduces liability and puts the property back on the tax rolls to the advantage of local communities.
Check out the Realty to Roads website or facebook page for more information, and happy shopping!
Showing posts with label realty for sale. Show all posts
Showing posts with label realty for sale. Show all posts
Thursday, March 10, 2011
Thursday, August 26, 2010
Where the Revenue Meets the Road

In the past few years, MoDOT has taken an aggressive approach to sell land it no longer needs for the state's highway system. Everyone benefits from this effort:
- The proceeds from the land sales go to road and bridge projects.
- The property goes back on the tax rolls bringing in local revenue.
- Buyers get land they can develop or use in a variety of ways.
- And, MoDOT is spared maintaining property it no longer needs.
In the last fiscal year, MoDOT conveyed 344 parcels totaling 1,324 acres and generated almost $4.4 million for highway projects. A property blitz in April alone moved 15 properties and brought in almost $1 million for roads and bridges.
Next up for sale are several closed maintenance sites throughout the state and some property near a major project under way in Kansas City - kcICON. Any proceeds generated from the sale of the kcICON parcel will go directly toward paying for the project, which is improving 4.7 miles of interstate near downtown Kansas City.
Visit www.modot.org/realtyforsale for more information on the Realty to Roads program and state property for sale.
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