City Stalls Negotiations Over Molina’s Restaurant

January 15, 2010

The city’s negotiations over leasing city property for a future Molina’s restaurant have been “stalled” after council members became concerned over “complications,” said Councilman Chuck Guffey.

“There are a lot of complications related to Goode and Company, they lease it from us now,” Guffey told members of the West U. Senior Board on Thursday. “We could put it out for bids and things, but the realtors tell us this is the wrong time.”

Since mid summer, the city has been in discussions with West U. resident Mike Gallagher about entering a 15-year lease for the property on Westpark Drive. He wanted to develop a two-story Molina’s restaurant, which was a popular hangout for West U. families before it left its prior Buffalo Speedway location.

The building would have included a parking garage for Goode Company Seafood, which currently leases the land for its parking lot. Goode Company pays West U. about $4,300 per month for rent. The agreement expires in just over three years.

The terms of the agreement with Gallagher provided for a 15-year primary lease, with options for five more 5-rear renewals. The Molina’s rent would gradually increase from $7,000 per month to $15,373 per month.

“It appears to be kind of stalled,” Guffey said. “There’s just so many complications.”

Guffey said he thought the best thing to do is wait until Goode Company’s lease expires to determine what the city should do with the land.

InstantNewsWestu Staff

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