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CRA board backs CAC plan to work with Railroad Square cohort after investor offer and owner rejection
Summary
After hours of debate and public comment, the CRA board voted 3–2 to adopt the citizen advisory committee's recommendation to not acquire Railroad Square’s 6.8 acres and instead work with a Railroad Square revitalization cohort to formulate a funding proposal.
The Tallahassee Community Redevelopment Agency voted 3–2 on Jan. 16 to adopt the Greater Frenchtown–Southside citizen advisory committee recommendation to not acquire 6.8 acres at Railroad Square and to direct CRA staff to work with a Railroad Square revitalization cohort on a funding and management proposal.
The action follows months of study by CRA staff, an appraisal and public comment by tenants and arts advocates who urged the board to back a community-led plan rather than a direct CRA purchase.
Director Cox read an email from Bruce Foster, who said he represents a group of private investors who offered the sellers the appraised value of $6,400,000 and said the group planned to redevelop Railroad Square into an arts destination with apartments, galleries, commercial space and public areas. Director Cox also read a reply from Lily Kaye on behalf of the Kaye family that said…
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