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Newton Buys Back Land From Albemarle | Wichita News
Newton’s city commission just voted to buy back a ten-acre plot of land from Albemarle — the same company that missed its construction deadline after being given an extension — for the original $79,840. The money comes from the Economic Development Fund, and Mayor Rich Sinnett sees it as a strategic move to reclaim control over prime airport-side real estate, actively marketing it to attract responsible developers. Commissioner Leroy Koehn warned against setting a bad precedent, but the buy-back signals Newton’s seriousness about enforcing development commitments. City staff are now preparing…
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