Iowa Central to buy Budget Host site
Thursday, November 15, 2018
The former Budget Host Inn property in Fort Dodge is being purchased by Iowa Central Community College, which has land right next to it.
The college is buying the property at the corner of Kenyon Road and U.S. Highway 169 from Joseph D. McMahon Jr. and Tamara McMahon, of Fort Dodge, for $1,450,000.
Sale documents were signed Wednesday, and the deal is expected to close on Dec. 10.
“The opportunity is perfect for us,” college President Dan Kinney said. “We’re excited to be able to get that property.”
He said there are no immediate plans for the site.
“It could be used for anything,” he said.
The deal, he said, offers the college a unique opportunity to get some land right next door to it.
He said the college’s main Fort Dodge campus is “landlocked” because it is surrounded by Friendship Haven, the Fort Museum and Frontier Village and U.S. Highway 169.
The property that includes the former Budget Host Inn, Eilers Steakhouse and Laser Auto Wash is immediately west of the college property where the Woodruff Apartments are.
On Tuesday evening, the college’s Board of Directors gave its approval to borrowing money for the purchase.