By Katrina Van Duzee/Garden Grove Journal
The city of Garden Grove will pay over $2.4 million to acquire a vacant property along the profitable Harbor Boulevard corridor for future public projects.
In a unanimous decision the council voted to snatch up the parcel located at 13650 S. Harbor Blvd., south of the Garden Grove (22) Freeway, in hopes of turning it into a valuable investment for future developments.
The price tag for the property may seem high for 1.5 acres, but considering about 51,000 cars pass through its intersections daily, it is a reasonable price, according to Senior Project Manager Greg Brown.
“We actually purchased it for less than the seller asked for and on favorable terms,” Brown said.
No plans for the property have been disclosed yet, but the commercial-zoned land will be paid for by the city’s general fund and most likely support a future city approved development, Brown said.
Not all residents attending the city council meeting were thrilled to dish out such a hefty chuck of the general fund for a future investment.
“This money is not coming out of redevelopment it is coming out of the city’s budget and if you remember we are coming very close to not having enough money to support the upcoming budget,” resident Peggy Bergin said. “We are going into debt for future use.”
The property has traditionally housed a car dealership and consists of one 17,216 square-foot building and supporting structures. It is being bought from Verde Investments, Inc. from Arizona.