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Owner seeks financing; council told demolition of old Capital Cleaners may proceed
Summary
Staff reported the Ascent development owner is still securing financing; however the owner intends to demolish the old Capital Cleaners building and staff will coordinate demolition as feasible.
City staff reported they remain in conversations with the owner of the proposed Ascent project, who is still attempting to secure financing for a planned redevelopment. While a firm timeline for rezoning and formal council consideration was not provided, staff said the owner is interested in proceeding with demolition of the old Capital Cleaners building; staff will coordinate demolition work as permitted and safe.
No rezoning application was brought forward at the March 3 meeting and no council action was taken; staff said they will continue to coordinate with the property owner on demolition and to track the financing timeline for the proposed Ascent development.
