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Columbia City officials weigh financing options for former jail amid higher-than-expected estimates
Summary
Officials discussed new cost estimates for the former jail property, potential environmental testing, and the impact of recent state property-tax changes on the project’s feasibility; no formal decision was made and staff signaled a possible special Redevelopment Commission meeting to decide next steps.
Columbia City Redevelopment Commission members heard an update on possible redevelopment of the city’s former jail and were told financing remains uncertain after two recent cost estimates. Staff said the city received an initial figure of $9,000,000 and a later estimate of $5,000,000 and that those numbers are still several million dollars higher than earlier expectations.
The conversation focused on financing options, environmental testing of on-site soil samples and the effect of state property-tax changes on the city’s…
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