KELLER — There may finally be a resolution after a Studio 6 Motel was planned to start construction across the street from Basswood Elementary School back in February.
Keller Independent School District joined in with angry parents and convinced the developer, Basswood Investments LLC, to halt construction as they looked for solutions together.
And finally, they may have found one. A representative from Studio 6 says in part, “The owner of the Studio 6 hotel at 3044 Clay Mountain Trail has decided to stop construction on this location.”
But we’re told it wasn’t exactly a compromise.
Thursday, the school board has two related items on their agenda, the first is a vote to buy the 2.22-acre property.
The other is to vote on whether to use their power of eminent domain, essentially forcing Basswood Investments to sell it to them.
Sources with Basswood Investments LLC say because the district was planning to use eminent domain, they had no choice but to accept the offer on Wednesday, which was far lower than the cost spent prepping the project.