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How Ocean City s taxpayers ended up paying $20 million to buy the Klause brothers vacant lots

How Ocean City s taxpayers ended up paying $20 million to buy the Klause brothers vacant lots
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WOND News - VNC News

WOND News - VNC News
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Ocean City settles on Klause property for $20 million

After a lengthy court process, Ocean City Council approved an additional $10 million bond and a settlement with a property owner for a former car dealership that had been slated for residential development. With interest, the total cost is now $20 million.

Ocean City to add $10M to bond for former car lot

Ocean City Council on Thursday introduced a $9.99 million bond ordinance to finance the acquisition of a former car sales lot at 16th Street, close to doubling the amount the city will borrow for the property.

Ocean City to add $10M to bond for former car lot

Ocean City to add $10M to bond for former car lot
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