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RDA Report: Extensions, Housing Lots, Corridor Remediation and Leasing Efforts Under Way
Summary
RDA staff updated commissioners on Mill On Main and Merge extension requests, housing and corridor projects, Sawyer Street demolition, and efforts to recruit commercial tenants and developers for multiple downtown projects.
RDA staff provided a broad update on downtown and near-downtown development projects, telling commissioners that several developers have requested schedule extensions and that the authority is coordinating on housing, corridor remediation and infrastructure timing.
Mill On Main: Staff said the Mill On Main development has requested a one-year extension for phase 2, which the city plans to take to city council. An updated cash-projection form prepared with financial advisor Ehlers indicates the timing should remain within the Tax Increment District (TID) cash flow, staff said. Staff added that Mill On Main is already starting leasing efforts and that commercial leasing…
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