The owners of Medford's iconic Kim's Restaurant, shuttered more than three years ago after 55 years of business, have offered the vacant space to the Medford Market Co-op for $100 a month and upgrades to the vacant building.
The offer by Kim's co-owner Betty Fong and her partners is the latest development in the food cooperative's long search for a location since a plan fell through in 2007 to lease the historic Hubbard's Hardware building in downtown Medford because of insufficient funding.
How realistic the prospect will be for the co-op rests largely on how much it would cost to upgrade the space to meet current building codes and modify it for use as a grocery store, said Co-op Board President John Statler.
The co-op board has not yet met to discuss the offer but is expected to do so in the next two weeks. A time and date for the meeting has not yet been set.
The building has been on the market for nearly four years since the restaurant closed.
For more about the co-op effort, visit www.medfordmarket.org.
— Paris Achen