A buyer is willing to pay more than $2 million for the Old General Hospital building. The purchases Mr. C.R. McDonnell has offered $2.5 million for the package of properties. Wichita County and Wichita Falls could profit about $1.7 million if the deal goes through. Under the terms the city and county will provide $500,000 in incentives to the buyer.
The Hospital Board and United Regional would each compensate by offering $150,000 worth of utilities during the first six months when renovations begin. City Manager Darren Leiker calls this a "Win-Win" for both parties. It still needs final approval by city council, county commissioners, the city-county hospital board as well as the United Regional Health Care System's Board.
The Wichita Falls City Council unanimously approved a letter of intent for the sale today, Tuesday, February 21st. The council also approved sending a 10-year tax abatement plan for McDonnell to a vote between the city council and the Wichita County Commissioner's Court.