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Pier 334 site work advancing; EDC says $500,000 reimbursement loan tracked to the penny
Summary
Developers reported grading, storm‑drain and utility work advancing at Pier 334; the Economic Development Corporation said $500,000 in project funding from 2021 was tracked and that an outstanding $63,468.12 remains to reconcile with a recent land purchase.
EDC and project representatives updated the council Tuesday on progress at the Pier 334 development and reconciliation of a 2021 $500,000 EDC reimbursement arrangement.
Steven Haines, project representative, said grading on the Pier 334 site had started and the team expects grading to finish by July. Haines said subsurface soils required removal of roughly seven feet of material across the hotel pad — a 23,000‑square‑foot area — and that select fill would be imported. He said…
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