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Article: Watt Powell appraisal less than $5 million

Article from:
Sunday Gazette-Mail
Article date:
June 30, 2002
Author:
Copyright

gregstone@wvgazette.com

A licensed real estate appraiser put the value of a vacant Watt Powell Park site at $4,346,000 during an April inspection, less than the city's asking price of $5 million.

The sale of Watt Powell, the city's home for minor league baseball since 1949, is a crucial aspect of Charleston's financing of a new park. Certified general appraiser Gene Zdrojewski appraised the park April 17.

His findings are included in a 350-page application the city submitted to a state economic development committee last week. City officials have asked the state for $12 million to aid in ballpark construction, up from an originally discussed figure of $10 million.

Mayor Jay Goldman said the ...

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