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Council approves loan and redevelopment amendment for 2 North Broadway restaurant project
Summary
Aurora approved a loan agreement with restaurateur Jamie Gilmore and a third amendment to the redevelopment agreement with Urban Equity Properties to facilitate a restaurant fit-out at 2 North Broadway. Council members pressed for floor plans and noted developer responsibility for cost overruns; vote was 12-0.
The Aurora City Council on March 11 approved a loan agreement with applicant Jamie Gilmore and a third amendment to the redevelopment agreement with Urban Equity Properties to support redevelopment of ground-floor commercial space at 2 North Broadway in downtown Aurora.
Council consideration centered on a $900,000 construction budget presented by the developer and on whether that figure would be sufficient for the build-out. City staff described financial review of…
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