In a recent government meeting, city officials discussed a significant development project that has sparked both support and concern among council members. The project, which involves a proposed allocation of $9 million in Tax Increment Financing (TIF), is set to be reviewed again at the upcoming city council meeting on November 4.
While some council members expressed their support for advancing the project, others voiced reservations about proceeding without a finalized plan. Alderman Swanson highlighted the lack of unanimous backing from previous reviews, suggesting that the project should be approved before discussing potential incentives. This sentiment reflects a broader concern regarding the transparency and thoroughness of the planning process.
During the meeting, questions were raised about the specifics of the development, including the breakdown of the 114 residential units, which will consist of approximately 50% one-bedroom apartments, 35% two-bedrooms, and 15% studios. Additionally, the council discussed parking arrangements, noting that indoor parking would incur an additional fee of $80 per month.
Alderman Preston Ruby inquired about the possibility of incorporating affordable housing units into the project, emphasizing the importance of addressing housing needs in the community. However, the discussion was cut short as it veered away from the current agenda.
The meeting concluded with a roll call vote, resulting in a 7-2 decision to move the project forward for further consideration. The outcome indicates a willingness among the majority of council members to explore the project further, despite the expressed concerns. As the city prepares for the upcoming council meeting, the final plans will be made available for public review, ensuring that community members can stay informed about the development's progress.