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Related Urban signals withdrawal from Old City Hall project; council closes negotiations and orders re-advertisement
Summary
Albert Milo, president of Related Urban, told the City of Homestead council on Jan. 22 that after more than three years of work his firm no longer felt confident moving forward with the proposed redevelopment of the Old City Hall site and related parcels.
Albert Milo, president of Related Urban, told the City of Homestead council on Jan. 22 that after more than three years of work his firm no longer felt confident moving forward with the proposed redevelopment of the Old City Hall site and related parcels. Milo told the council, “I just don't have a warm and fuzzy about making, you know, several hundred million dollars of investment in the city of Homestead.”
The announcement followed a presentation by the city manager summarizing the latest Related Urban offer and the developer’s environmental testing. City Attorney Michael Pearl advised the council on the next steps; he recommended closing the current solicitation and instructing staff to notify the proposer. Pearl said, “At this point, I would close the process. I would direct staff to write a letter informing that we've decided based on the solicitation that was issued not to proceed.”
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