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Economic development staff reports tenant interest, warns detailed revenue data limited by confidentiality
Summary
Staff gave an update on recruitment at the Northeast Corner and on a forthcoming economic forecast and circulation/parking study; board members pressed for more granular revenue and foot-traffic data but staff said individual business tax figures are confidential and only aggregate distributions are available from the state.
Economic development staff told the Economic Development Advisory Board that prospective tenants for the Northeast Corner are actively negotiating and that the town’s recruitment team is optimistic, but staff said tenants are not disclosing firm deals yet.
The update, given at a board workshop, outlined two near-term staff deliverables: an economic forecast presentation to the town council in March and a follow-up briefing to the advisory board. Staff said visitation counts for the town center are roughly unchanged year over year and “visitation numbers are actually up,” while anecdotal reports…
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