Show OOMlLERCIAIi STREET EXTENSION IIE Arcade Scheme With Millions In ItIt Should bo Worked The announcement in yesterdays HERALD HER-ALD that the Methodist church property was about to be sold and Denver parties had closed a contract of sale on other Commercial Com-mercial street property linked with the other fact that property was being quietly purchased and tied up on the extension line set the owners of property in a very nervous 7 nerv-ous and excitable state The Methodist church building had stood r In the way of this extension and to the timid was a Jonah To tho syndicate that had carefully figured the exact value of every front foot in case the street was opened the Methodist church Jonah was mall bait that the big Denver whale could wallow and get along with swimingly The Methodist church property is S2J x 1C5 and the price at which the trustees agree to sell is 73000 The opening of Commercial street will give them 105 feet frontage on either side of the extension or 130 feet in all Calculating this at 1000 per 1 foot front it foots up to the nice sum of 330000 While they will have but shallow lots they will have sufficient depth to build rooms like those in the Arcade in Cincinnati Nor is the Methodist church building to be torn down as many believe l s Out the street will be tunneled through leaving the present structure in tote except 1ethneai rreW ccpt the narrow space required for the street In this way they will save all the frontage on Second South except twenty feet of tile first story so that they will really have frontage on both streets by sacrificing one store room Tho total frontage on Commercial street In the block will bo 1320 feet which at H 000 per foot front figures up to 51320 WO Surely this is a scheme with millions to it initA A member of the executive committee of the church told THE HERALD reporter that the negotiations would probably be closed < Monday and that the consideration was M5000 as they could not sell it for any less amount |