Nov '23

Texas GLO pays $6.75M for Moses Rose's using eminent domain – mySA

Moses Rose’s will be cleared for the Alamo Visitors Center.
Vince Cantu was throwing out numbers over $10 million when he first learned that San Antonio and the Texas government wanted his property for a planned project to overhaul Alamo Plaza. New documents released by the Texas General Land Office (GLO) reveal the state paid a lot lower than what Cantu originally asked for via eminent domain proceedings
The GLO paid $6.75 million for the Moses Rose's Hideout, the bar located in Alamo Plaza at 516 E. Houston St., San Antonio, Texas 78205. The payment from the state clears the way for development of the Alamo Visitor Center and museum across from the state landmark. The state is investing $400 million into the project.
The Alamo Visitor Center and Museum is scheduled for completion in 2027. It will incorporate the historic Crockett and Woolworth buildings on the west side of Alamo Plaza into its design.
The eminent domain proceedings ended in August, when Cantu was ordered to clear out of the property by August 15. The buildup to the proceedings were rocky as Cantu pushed back against the state, city, and the Alamo Trust, asking for as much as $17 million while also accusing officials of not coming to the table for negotiations when the state and city authorized the use of eminent domain.
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Cantu led a campaign that claimed government overreach, appearing on Fox News in March to talk about the bar named after Louis “Moses” Rose, a Frenchman that left the Alamo days before the battle. 
The settlement is $1.5 million higher than the states initial offer of $5.25 million, which Cantu turned down before moving into eminent domain proceedings. The Express-News reports officials are set to break ground on the project in 2024 with projected completion in 2027.
Steven Santana is a digital reporter and pop culture weeb born and raised in San Antonio. He graduated from Our Lady of the Lake University in 2013. Reach out at steven.santana@mysa.com. Follow him on Twitter @stevensantana88 
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Joker has been buying and selling domains since the late 90's. He has worked with many portfolios and investors over the past decade as well.

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