Cardinal Towers may be changing ownership again.

Potential new Cardinal Towers owner is on the City Council agenda

Bob Foos

A pending ownership change for Cardinal Towers, the five-story low-income housing facility at 324 N. Tom St., is on the Webb City Council’s agenda for Monday.

DW Real Estate, of Dodge City, Kan., would like the council’s support as it submits an application with the Missouri Housing Development Commission to finance improvements at Cardinal Towers.

Cardinal Apartments 21, of Denver, Colo., is listed on the Beacon website as the current owner of Cardinal Towers.

A representative of DW Real Estate and Cardinal Towers Preservation is expected to address the council – and hear concerns the city has about maintenance problems and management of the facility.

Fire Chief Andrew Roughton and Police Chief Don Melton are preparing reports detailing the time their departments have spent responding to calls from Cardinal Towers residents.

In an Aug. 10 letter to city council members, Ryan Deutsch, said that if the application for financing is approved by the MHDC, renovation of 59 units at $65,000 apiece would begin in the second half of 2024.

The current management firm, Seldin Company, of Omaha, Neb., would be retained.

Mayor Lynn Ragsdale announced at an earlier council meeting that he had invited the prospective new owners to appear before the council.

“We are aware it’s (Cardinal Towers) been a problem,” Ragsdale said.