City of Bemidji sells Nymore Beach: Siegert, Edgewater Group buy land for $650,000
Nymore Beach has been sold - but those seeking a summertime dip in the lake don't have to worry.
The Bemidji Economic Development Authority met in a closed session Monday night to consider a purchase agreement with the Edgewater Group to sell 2.14 acres of land in the south shore development area.
BEDA, comprised of Bemidji city councilors, voted to sell the land for $650,000, City Manager John Chattin reported following the meeting.
Included in the sale is Nymore Beach, a half-acre plot of land, Chattin said. The remaining land is south of the beach area.
The agreement with the Edgewater Group states that the current Nymore Beach must be continued to be used as a public beach for five years or until the new Nymore Beach is completed further east, Chattin said.
The city plans to construct an expanded and enhanced Nymore Beach area east of the existing beach as part of the public land included in the south shore redevelopment.
"We need to keep Nymore Beach open until the new one is ready to be used by the public," Chattin said.
Considering setbacks and other zoning requirements for the area, Chattin estimated that of the two-plus acres sold, about one acre will be developable.
The Edgewater Group includes Rich Siegert, owner/operator of the Hampton Inn & Suites immediately west of Nymore Beach. Siegert could not be reached for comment Monday night.
The purchase agreement is the first for the south shore redevelopment area, a 141.5-acre area that will feature the Bemidji Regional Event Center and a mixture of residential and commercial development.
"It's an excellent start," Chattin said. "It's a win-win for the city, and we look forward to selling more parcels."
Interest in the south shore has been high, according to Chattin. There now is a hotel developer and a mixed-use developer interested in buying land for development.
"I won't say I'm surprised," Chattin said. The current economy may be down, but a slow construction season also offers an opportunity for developers to get low costs.
It's a trade-off, Chattin said.