Perhaps you heard the news: "Richardson Purchases Property On Central Expressway". That property is home to the Continental Inn. That makes you, Richardson resident, a hotel owner. But not for long. The hotel is a drag on redevelopment and is being demolished.
We can hope that the city council has a plan that's unfolding here, maybe a developer waiting in the wings to step forward and buy that property from the city (and maybe others nearby) and announce plans to build a new hotel/shopping/restaurant/residential complex that will spur a renaissance for all of southwest Richardson. We can hope that, because otherwise, Richardson just spent $2.2 million for a vacant lot and a dream.
After the jump, a few questions about the deal.