Rev. Larry Rice won't bid on former federal building in Cape

Friday, May 20, 2011

The Rev. Larry Rice, who was entangled in court battles to get former federal building in Cape Girardeau, said Thursday he would not bid on it. The building is now available at an online auction at the General Services Administration's website, with a suggested opening bid of $750,000 for the two-story, 44-year-old building at 339 Broadway. Rice said neither he nor his group had the money to buy it and he did not feel he had the support of the community to make a go of it. Rice had intended at one point to convert the federal building to a homeless shelter.

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