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Board discusses $500,000 development‑partnership placeholder for Chapman and packaging of private parcels
Summary
Staff presented a $500,000 placeholder for larger development partnerships (including the Chapman building and possible purchase/packaging of the Pina family's food-hall property), and explained RFP and selection safeguards would prevent spending before a partner is selected.
As part of its multi-year capital planning, staff asked the board to consider reserving $500,000 for larger development partnerships that would support structural stabilization and exterior work on significant downtown buildings, including the Chapman building and related parcels. Raelyn told the board CORE had estimated stabilization costs for the Chapman building and staff used that estimate…
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