Thanks to a cooperative effort between Cape Girardeau officials and a property owner, the city announced last week it has reached an agreement with Rhodes Development Co. to exchange land to eliminate a dogleg on Kingsway Drive near Lexington Avenue and create an opportunity for development.
The deal essentially trades more than two acres of undeveloped land for the road improvement, which will include some landscaping and a 20-space public parking lot near Cape LaCroix Trail. The land will give Rhodes a triangular parcel between Kingshighway, Lexington Avenue and Kingsway Drive.
The city seems to be getting a bargain. The parking lot and the straighter road will both be improvements. The property owners seem to feel good about it. And the city economy stands to gain from the improvement as Rhodes Development Co. announces its plans for the parcel.
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