Economic committee forwards Chapter 100 application for proposed Taylor Road mixed-use project to council

The Wildwood Economic Development Committee on March 25 voted to forward a Chapter 100 application from the team developing an approximately $50 million mixed-use project along Taylor Road to the full City Council for detailed review and negotiation.

The petitioners — represented at the meeting by Mr. Cohen (developer/property owner), Tom Kyman of Mia Rosa and attorneys Andrew Rubin and John Young of Sandberg Phoenix — asked the committee for sales-tax exemptions on construction materials and personal property and a limited property-tax abatement to make the project financially viable in current market conditions. Committee members voted to send the request to a Council work session and to authorize city staff to begin the procedural steps required for Chapter 100 consideration.

Committee members and the project team said the site is the remaining undeveloped portion of an approximately 11.8-acre parcel in the town center and that the plan has been developed as a mixed-use residential/retail project. The developer said lenders have issued a firm loan commitment and that more than $1 million has been spent on engineering and design. At the meeting…