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City staff, developers outline phased Memorial Block plan; appraisal values private parcels at about $10.8 million
Summary
Staff and the Memorial Block development team updated the council on predevelopment work, citing a joint appraisal of privately held redevelopment parcels at about $10.8 million and reiterating that the current predevelopment agreement does not sell public land.
City staff and the development team gave the council a status update Monday on the Memorial Block predevelopment work, emphasizing that the current stage is informational and that no sale of city land is planned.
The update covered community engagement, third‑party financial due diligence, a jointly-selected land appraisal, and parallel feasibility work to identify options for relocating the city’s central fire station and for a possible public health and safety building.
Why it matters: the Memorial Block sits at the center of downtown redevelopment discussions. Staff and the developers say an integrated development that…
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