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.

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.

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.