The latest offer for the property at 516 E. Houston St. takes into account the appraised value of both the land and business, according to a statement from the Alamo Trust.
Vince Cantu, owner of Moses Rose’s Hideout, says he is rejecting a $5.26 million offer from the City of San Antonio for his business, which stands in the way of the planned Alamo museum in Alamo Plaza.The Alamo Trust announced Friday that the City of San Antonio has made a “best and final” offer for the bar property that stands in the way of plans for theThe Alamo Trust, which is the nonprofit that oversees the Alamo, made an offer of $5.
Cantu and his attorney also have questioned whether the city has the authority to threaten eminent domain, taking a private property in order to build a museum owned by the state. “It is our hope that Mr. Cantu accepts this extremely fair offer based on thorough analysis of his property and business and clears the way for the construction of a world-class Visitor Center and Museum fitting of the site’s comprehensive 300-year history and all those who lived, fought and died at the Alamo,” stated Kate Rogers, the executive director of the Alamo Trust.
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