The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1911-04-14
MANSION BIDS
To Be OPENED| IN
ATLANTA TODAY
HOME USED BY GEORGIA'S Gov
ERNOR WILL SOON
BE SOLD.
Interest of Real Estate Men centered
on Sealed Offers for the Property.
Predicted That Record Breaking
Price Will Be Paid.

Atlanta, April l3.-To consider the
disposal of the governors mansion.
committee of senators and legislators
VIII meet at the chamber of COM
merce tomorrow morning and the in
terest of every real estate man IN the
city is now centered on the sealed
offers for the property, whiCn will
be submitted at this time. A number
OF these sealed proposals are already
safely stored at the chamber OF COM
merce rooms, and several others will
probably lie handed in when the con-
mittee meets.
What will be offered for the prop
erty is a mateter of interest not only
to dealers in real estate, out to own
ers OF property on Peachtree street
from one end to the other. The prop
erty is unquestiOnably the most valu-
al lie, it is said, ever offered for sale
in the cty's history and the consen-
sus of opinion is that a record break
ing price will be paid for il
Will Bring over 100000.
Well-posted real estate men freely
express tie opinion that the lot IN
which the governors mansion ncw
stands would bring over 100000 il
sold at auction today. The protelty
has a frontage of lao feet on Peach
tree, a depth of practically 4t) feet.
a i00-foot frontage on Cain ana an
other Of 140 feet on Spring.
AT 100000, the price wodld be only
little over s2,14O per front foot, and
in the opinion of many, the location
of the property would make it worth
almost this much even if it had ~
Spring and Cain street frcn,aces.
With these frontages, it is pointed
out, the lot-iS--Hel,tta. a. considerably
larger figure.
e Conservative real estate men, how.
ever, are slow to express any opinion
as to just how much the property is
worth or how much will 0e offe ed
for it. They state that in their opin-
ion the legislature was modest IN its
expectations when it figured Oh get
ting $500, ,0o0 for the property, bIt de-
cline to go on record as 20 aow muc!
above that yfgure they would be will
ling TO gt9eS Tor the lot. It is re-
ported Oh good authority tIat one OF
the sealed sotlers already turned in
sets figure slightly above 1910 900.
May Lease or Exchange.
Il is net by any means certain, how
ever, that offers to tuy VIII b. the
only ones the committee Of Legislators
and senators will have to consider.
Under the act which provides for this
committee and sets out It's duties. it
is specified that offers to lease the
property for term OF years, or to
exchange it for other property will
be considered. This being the case,
it is thought likely U1at there will be
several offers for long-term leasca ca
the property.
1t is understood that at least a pOr-
ton of the committee woril favor q
lease or exchange over a straight sale
for the reason that under the law all
moneys received from the sale Over
and above tle amount expended for
another mansion for the. governor
would have to be applied to the 0rt-
lie debt And at least a portion of
the committee and not a few men,
bers of both the legislative houses
prefer instead OF doing this to usA
this money in tie erection &C. anot' 2,
public building for which II ore is
now such pressing need as the capitol
building is already badly crowded
The committee which takes up tlis
matter cannot take any act.on save
to make report to the legislature,
of course.
- -t'-,..- .. ---~evp