GYPSUM — The town of Gypsum will soon be the proud owner of a restaurant located at the community’s gateway.
But Gypsum isn’t planning a move into the burger-slinging business. Rather, the real estate contract signed Tuesday to purchase the Gypsum Grill represents the town’s latest effort to redevelop the community’s Interstate 70 interchange area.
According to Gypsum Town Manager Jeremy Rietmann, Gypsum Grill owner Arturo Palacio accepted the town’s offer to purchase his commercial property for $960,000. The restaurant building and parking area cover slightly less than one acre. Palacio had listed the property for sale at $1.195 million.
“This is an investment the town has considered for many years,” said Rietmann. “In order for us…