Wichita KS Realty News

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Century II; What’s the City to do

Century II in Wichita KS

WICHITA, KS:  (Wichita KS Realty News)  With its one of  kind space saucer design, Century II arena has been an iconic structure in downtown Wichita for nearly 50 years, it first opened its doors in January of 1969.  You truly can’t think of one with thinking of the other.  But are it’s days numbered?  The city has agreed to a nearly three hundred thousand (let that number sink in…) consulting contract with Arup Advisory Inc. to assess issues such as best use and efficient operations.  As with most things, time will tell, and as an anchor for the performing arts, there is much reason to keep the feel, look, and functionality in place.

Wichita is reinventing itself.  A simple drive down Douglas St will show that.  We have grown past the revamping of Old Town.  An urban renewal is happening, and it has legs this time.  Even with questions swirling about the future of Gander Mountain, the core of the city is growing.  Developers have been doing nice job of blending new architecture with the existing, and it is exciting.

With that being said, changes are coming.  Century II is still an anchor, one which its time is not up.  Will there be changes like a private/public partnership involving the space?  Probably.   But this space still pulls its own weight and its value as a convention center, and the only one of its size for our city, is a very important factor for an urban area to attract business and visitors from outside our city.

Ruffin completes Hyatt purchase

Hyatt

Phil Ruffin completes $20M Hyatt purchase

WICHITA,KS:  (wichitaksrealty.news)

Wichita native and real estate and casino magnate, Phil Ruffin, is now the officially owner of the Hyatt Regency Wichita. He closed on the purchase of the 303-room Hyatt late this past Friday afternoon, city officials reported to the Wichita Business Journal earlier this week. The sale now moves the Hyatt Regency into the private sector and gets Wichita out of the hospitality business. Officials disclosed that Ruffin paid $20 million for the property.

With the new ownership, it has yet to be determined if any changes will be made to the property, like expansion, demolition, or addition of rooms, designs, and custom structures. Journalists are working hard to get in contact with Ruffin about his actual plans for his new purchase.

Wichita city leaders gave final approval for the sale earlier this month. Proceeds from the sale will be placed in the city’s general fund. City leaders want to put some of the money toward infrastructure improvements, though nothing has been officially finalized yet.

The Wichita Business Journal’s Emerging Leaders program weighed in the on how they would like the money to be spent last week.

Ruffin submitted only one of his two proposals to purchase the Hyatt Regency Wichita.