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IURA tables decision on Inland island redevelopment after developers outline redesign
Summary
The Ithaca Urban Renewal Agency on Wednesday postponed a vote on whether to terminate its exclusive negotiation agreement for the Inland island redevelopment after developers and agency staff outlined redesigned plans, remaining engineering steps and outstanding feasibility questions.
The Ithaca Urban Renewal Agency on Wednesday postponed a vote on whether to terminate its exclusive negotiation agreement for the Inland island redevelopment after developers and agency staff outlined redesigned plans, remaining engineering steps and outstanding feasibility questions.
The project team — including developer representatives Steve (surname not specified), Neil Patel of Baywood and a developer identified only as Jeffrey — told the agency they had redesigned the hotel from five stories to four, obtained soil borings from Ithaca Neighborhood Housing Services (INHS) and opened talks with a potential hotel partner. "We have a good understanding," the developer Steve said, summarizing the team’s progress. Neil Patel said the group "came on board about a month ago" and is working to fast-track design and cost estimating.
Agency staff described the principal unresolved issues. Nels (agency staff) told the board:…
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