Redevelopment board hears updates on Parkside Market, Durham Plaza tax credits and Maple Street housing

At its Nov. 10 meeting the Lawrenceburg City Redevelopment Board received several development updates from Executive Director Bridal Messmer on projects at different stages of review.

On Parkside Market, Messmer said staff are "still working towards a closing" and are finalizing RFP language and release procedures; no firm closing date was given in the meeting transcript.

Regarding Durham Plaza, Messmer told the board that the redevelopment team had not yet heard back on the tax-credit decision but expected an announcement the week before Thanksgiving. She later clarified that the board’s application was for a 9% tax‑credit track, while a separate county project near the hospital is pursuing a 4% tax‑credit track. "The 4% allows for some higher‑earning units... versus the 9% which has more units in the lower brackets," Messmer said, explaining the two approaches would likely serve different income brackets and thus are not direct competition.

On Maple Street, staff are completing design details and working with Atlas on a soils‑management report to finalize the pro forma project costs. Messmer said the developer had committed to owner‑occupied units and staff were discussing whether to run a single utility tap metering multiple units or to provide separate taps; the project may need contingencies for soil relocation costs.

Messmer said the county’s separate 4% project is expected to complete due diligence and close late next summer if timelines hold. No formal actions or votes were taken on these development updates during the meeting.