Nov 5, 2012 3:36 AM by AP/CS
LAKE CHARLES, La. (AP) - Lake Charles officials are close to choosing a company to buy and develop 3.7 acres where a shopping center once stood.
The American Press reports that the city plans to choose one of three offers this week.
The city bought the land for $766,000 in 2006 and demolished the buildings.
Baton Rouge businessman Donnie Jarreau and developer Roger Landry of Lake Charles both propose residential and commercial developments. Jarreau is offering $957,500 for the land, Landry $628,000.
Geddings Development Corp. of Lake Charles has offered $425,000. Businessman Gray Stream says he's thinking about up to 160 two- and three-bedroom apartments.
Mayor Randy Roach says the winner will get an option to buy the property, with any deal to be closed after the developer gets financing.
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