When they met Tuesday, Leavenworth city commissioners approved the purchase of a downtown building for $52,500.

City Manager Paul Kramer said city officials plan to tear down the building located at 301 Delaware St. and look for economic development opportunities for the site.

The city is purchasing the building from Triple R Properties, a limited liability company based in Leavenworth.

“We would close Friday,” Kramer said. Kramer said the City Commission has taken similar actions in the past. He pointed to the purchase of properties in the area of Fourth Street and Metropolitan Avenue. Those properties later were sold to a hotel developer. He also noted that the city had purchased a vacant hotel building in the downtown area. A developer later built a new hotel on that site.

(Read more: Leavenworth Times)