The Alamo and the attorney for the owner of Moses Rose’s Hideout announced Thursday that a deal had been struck to acquire the bar property, which sits in the footprint of a planned Alamo Visitors Center and Museum.
A news release from the Alamo Trust, which manages the site, stated a “successful mediation and agreement” to buy the property ended the ongoing eminent domain process. Neither the Trust’s statement nor one from owner Vince Cantu and his wife mentioned a purchase price.
Cantu’s statement, which was emailed by his attorney Dan Eldredge, also claimed that if any artifacts are found at the site of the bar and end up being displayed, they will have museum labels acknowledging that they came from the bar property. The Alamo Trust said Cantu rejected multiple offers worth up to $3.5 million for his property, which was appraised at $2.1 million currently and $2.8 million in 10 years.
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