Werner Fleischmann, the owner of Hotel Brunswick, had his request to purchase the city-owned parking lot on the corner of Andy Devine Avenue and Third Street denied in June. But the city agreed to consider leasing him the property once it was appraised.
Now that it has been appraised, City Council will meet at 5:30 p.m. today to decide whether or not to lease him the property. City staff is recommending approval.
The lack of public parking downtown, especially during events, is the main reason Council was reluctant to sell the parking lot to Fleischmann. But Brenda Marker, who handles Fleischmann's business dealings when he's in Switzerland, doesn't think using the parking lot for the Brunswick has to exclude people from using it during events.
"I don't think there will be a problem with people using the parking lot for special events," Marker told Council in August.
Fleischmann paid for the appraisal by Downing Appraisals. According to Council's agenda, Downing found that the parking lot has 7,810 square feet of usable space. There are currently 13 parking spaces.
According to Downing, the property has a value of $30,000 and a lease value of $2,400 annually. Each space is appraised for lease at $15.40 a month or $185 a year.
Other than during special events, the city has found that demand for the lot is limited.
According to the agenda, city staff believes the parking lot should be leased to Fleischmann, especially if it helps him market the Brunswick to potential tenants.
Fleischmann, a longtime Kingman visitor, bought Hotel Brunswick in May. His plan is to restore it to what it looked like in 1912, three years after it was built.
Marker told Council in August that Fleischmann plans to use the majority of the building as a hotel, but he plans on renting the bar and restaurant portion out to one entity.
In other business, Council is expected to authorize the memorandum of understanding between the city, Ledcor Construction, Inc., Kingman Hospital, Inc., Kingman Crossing, LLC and Flair Industries, LLC to negotiate a development agreement to construct an interchange and retail center near the dormant Hualapai Mountain Medical Center.
Council meets at 5:30 p.m. today at the city complex, 310 N. Fourth St.