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RDA declines early‑entry request for Kessler Park project; reaffirms 75% fundraising standard and reviews active pipeline
Summary
A nonprofit asked the RDA to accept a Kessler Park project with 50% fundraising and extended phasing. The board signaled it prefers to retain its standard requirement that applicants have 75% of funds committed before RDA review. Staff also reported other active projects at Riverside, Custer Park and theliner/transit center site.
A nonprofit seeking to advance a project at Kessler Park asked the Redevelopment Authority to relax the RDA’s usual requirement that fundraising be 75% committed before staff brings a project forward. The group requested the board consider accepting the proposal with 50% fundraising and a multi‑phase development schedule.
Board response: members expressed concern about the group’s lack of development experience and the risk of…
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