LARGO â Last year, a consultant identified the 400 block on the north side of West Bay Drive as the prime location for a new City Hall. The city, however, needed to purchase six properties in order to clear the way for its proposed $51 million headquarters.
City administration had reached a deal with five of those properties by early January for $1.44 million, but there was one holdout.
On Feb. 2, city commissioners agreed to pay $1.4 million â more than $1 million above market value â for the final piece of the block.
The 4,320-square-foot parcel at 400 W. Bay Drive, which is owned by West Bay Plaza LLC, has an appraised value of $395,000 and was bought in 2018 for $325,000, according to records from the Property Appraiserâs Office.