In April, the Alamo Trust announced that the city had made a “best and final” offer of $5.26 million to purchase the bar. Rejecting the offer, Cantu said that the business appraisal was flawed and didn’t take into account projected future earnings.
An eminent domain petition has been filed against Moses Rose's Hideout, a bar located along East Houston Street around the corner from the Woolworth building, one of the structures being converted into the planned Alamo Visitor Center and Museum.Our spring member drive is happening now. We need your help to raise $50,000 by May 19 to help our newsroom reach even more San Antonio readers.
The Alamo Trust, the nonprofit that oversees the Alamo, has sought to acquire the property for the plannedThe probate court will appoint three local landowners to serve as special commissioners, who will determine a price the city must pay for the property. Either side can object to the commissioners’ decision and request a trial.
Cantu countered that offer with an asking price of $6 million, plus $4 million for the loss of his business. Based on that figure, in late April, the Alamo Trust announced that the City had made a “best and final” offer of $5.26 million to purchase the bar.
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Alamo Trust files paperwork to condemn San Antonio bar Moses Rose's after buyout talks failThe move follows weeks of back-and-forth between the Alamo Trust and Moses Rose's owner Vince Cantu on a possible buyout for the property. SanAntonio SATX SanAntonioTX Texas Alamo PropertyRights
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Documents raise questions about Alamo Trust's buyout talks with San Antonio bar Moses Rose'sBar owner Vince Cantu accuses the Alamo Trust of coercing an appraisal company to skew numbers so it could undervalue his business. SanAntonio SATX SanAntonioTX AlamoTrust Alamo Texas PropertyRights
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