Developer Regan seeks Newport council agreement for Cog Shell housing project

During the Newport City Council's regular meeting on December 11, 2024, discussions centered around a proposed redevelopment project at the Cog Shell site, which aims to provide much-needed housing in the community. The proposal, presented by Mr. Regan on behalf of his clients, seeks to replicate the success of the Calvert project, which transformed a former school property into a viable housing option.

Mr. Regan emphasized that while his clients are ready to move forward, the project's success hinges on reaching an agreement with the city. He acknowledged the city's concerns regarding rental unit caps, stating that these limitations could render the project financially unviable. He reassured the council that his clients are prepared to take significant financial risks to ensure the project's success, but they require certain terms to make it feasible.

Councilor Carlin raised a critical question about the city's responsibility in making the project work, to which Mr. Regan clarified that it is not the city's duty to ensure the project's viability. Instead, he argued that the proposal was a response to a request for proposals (RFP) and that the terms negotiated were intended to benefit both the developers and the city.

The council also reflected on the importance of public engagement, with Councilor Thompson noting that there had been robust community feedback during the initial proposal phase. He questioned whether another round of public engagement was necessary before proceeding, suggesting that the previous feedback might still hold relevance.

As the council deliberates on this proposal, the outcome could significantly impact the local housing landscape, addressing ongoing concerns about housing availability in Newport. The discussions highlight the delicate balance between developer interests and community needs, as the council weighs the potential benefits against the concerns raised. The next steps will determine how Newport moves forward in addressing its housing challenges while ensuring community voices are heard.