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Redevelopment authority votes to enter executive session to discuss Wall Street Corridor real estate
Summary
The board voted to enter executive session to approve prior executive session minutes and to discuss strategy for a potential real estate transaction involving property in the Wall Street Corridor; the body stated it would not return to open session.
At the Jan. 22 meeting the Fort River Redevelopment Authority voted to enter executive session to approve the executive session minutes from Dec. 18, 2024, and to discuss strategy regarding a potential real estate transaction for property located in the Wall Street Corridor. The chair said the open session would have a detrimental effect on the authority’s negotiating position and moved to enter executive session; the motion was seconded and approved. The board stated it would not return to open session.
Motion: The board made and seconded a motion to enter executive session for the stated purposes and recorded votes in favor. The transcript shows the motion passed; recorded yes votes included John Erickson and other members present. No further details about the real estate transaction were discussed in open session.
