The Summit County Council meeting on February 13, 2024, focused on critical discussions surrounding the development plan for Kimbell Junction, particularly addressing the need for affordable housing and traffic management solutions. Council members and developers engaged in a detailed dialogue about the project's economic viability and the importance of maintaining a town center within the development.
One of the primary concerns raised was the gap in the current plan, referred to as "Plan C." Council members expressed uncertainty about how to bridge this gap while ensuring that the project remains economically feasible. A key strategy discussed was the potential for changing parking structures to reduce costs per unit, which could enhance the overall economics of the project. This approach aims to lower the cost of market-rate units, which are essential for funding the necessary infrastructure.
The conversation also highlighted the significance of maintaining a vibrant town center. Council members emphasized that reducing the scale of the project could undermine the vision for Kimbell Junction, which is intended to be a successful and attractive area for residents and visitors alike. The importance of creating a long-term, sustainable community was a recurring theme, with members expressing a desire for a development that would stand the test of time.
Additionally, the council discussed the phasing of the project, with developers suggesting a more flexible approach to milestones. This would allow for certain elements of the project to commence sooner, particularly to secure tax credits that are awarded annually. The developers expressed a willingness to collaborate with the council to find a middle ground on phasing, aiming to ensure that the project progresses without unnecessary delays.
Overall, the meeting underscored the council's commitment to addressing the dual challenges of traffic and affordable housing while fostering a development that aligns with the community's long-term vision. The discussions set the stage for future collaboration between the council and developers as they work towards a solution that meets the needs of Summit County residents.