Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Oshkosh RDA rejects extension for Meridian project option; developer outlines $30–32M plan
Summary
The Oshkosh Redevelopment Authority voted down Millennium LLC’s request for an extension on an option to purchase an RDA-owned lot for the Meridian mixed‑use project. Developer Jared English outlined financing options and an updated plan for a roughly $30–$32 million, 101‑unit development.
The Oshkosh Redevelopment Authority voted down a request from Millennium LLC to extend an option to purchase an RDA lot west of South Main Street between West Seventh and West Eighth avenues, and will follow up with the developer, the authority said.
Developer Jared English of Millennium LLC presented an updated plan for the Meridian project and described ongoing financing work prior to the vote. English said the development has been reconfigured from the originally proposed 93 units to 101 units and that project costs are now “probably gonna end up somewhere between 30 and 32,000,000,” according to his presentation.
The Meridian presentation described a mixed‑use project with commercial space fronting Main Street, apartments above a parking podium and a cluster of townhomes. English said the project team is pursuing multiple financing paths, including discussions with Baker Tilly and NewPoint Capital, exploring HUD loan options described during the meeting as “HUD 224(d) options,” applying to the Federal Home Loan Bank, and considering tax‑exempt bond financing and HOME funds.
English said the team did not pursue competitive low‑income housing tax credits earlier because the site fell…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
