A pair of developers are asking the Wichita City Council for nearly $6 million in tax-exempt revenue bonds to renovate a southeast Wichita apartment complex.
Brent Hurst and Dave Murfin have formed Sandstone Apartments to purchase Eastwood Apartments, a six-building complex located just south of Kellogg on the east side of Oliver. The request for the industrial revenue bonds goes before the council on Tuesday.
The complex, built in the 1950s, “has come into disrepair and faces extensive deferred maintenance issues,” according to a city document. A plan for the project shared with city officials called the Eastwood Apartments an “increasing eye sore in a very visible and now improving area.”
(Read more: Wichita Eagle)