<div>Economic development consultant Derrick LaPoint expected to see the Moorhead City Council take a first step toward selling the 60-year old Moorhead Public Library building at Monday’s meeting. Instead, a surprise offer added a second measure to the agenda.The original plan was hold a public hearing to consider the sale of the building, constructed in 1962, and the adjoining parking lots at 118fth St. S.But a surprise offer from a Tampa, Florida-based development company added an unexpected wrinkle and a second agenda item.“We received an unsolicited offer out of the blue,” LaPoint said. Working through the city’s marketing representative, Goldmark Commercial Real Estate, DEQ Investments LLC offered $1.4 million, which is considered to be the fair market rate.So the council went on to approve that, too. According to LaPoint, “They put a strong offer on the table.” He noted, “They have a great track record with conversions of existing buildings.” According to information provided to the council, the company has an extensive portfolio of projects all over the country. It plans to “significantly renovate” the building to be used for commercial retail, office, and possibly a mixed-use facility.The city has received the firm’s offer to purchase of $1.4 in a letter of intent, and the purchase agreement is being worked out after the buyer’s inspection. The property would be turned over in mid-2026 after LARL and the Moorhead Library relocate to their new quarters when the downtown library/community center, nicknamed The Loop, is completed in the late spring of 2026.</div>

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Economic development consultant Derrick LaPoint expected to see the Moorhead City Council take a first step toward selling the 60-year old Moorhead Public Library building at Monday’s meeting. Instead, a surprise offer added a second measure to the agenda. The original plan was hold a public hearing to consider...

Council Takes Step Toward Selling Library

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Economic development consultant Derrick LaPoint expected to see the Moorhead City Council take a first step toward selling the 60-year old Moorhead Public 

Council Takes Step Toward Selling Library

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