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Economic development pitches hotel, Meridel OBJ and larger reserve in 2026 budget
Summary
Economic development staff outlined 2026 goals including a targeted Q1 groundbreaking for the Meridel OBJ phase 1 amphitheater/arena, a downtown hotel RFQ that drew four proposals, multiple affordable‑housing projects, and a proposal to raise the department’s reserve from $75,000 to $250,000 to support catalytic projects.
Nick Langford, economic development (presenting), told the Finance Committee the department's 2026 budget focuses on advancing large development pipelines and strengthening incentives for catalytic projects. He said zoning and a school compensation agreement for the Meridel OBJ project are in place and that staff are "pretty hopeful we can break some ground in quarter 1 of next year."
Langford told members the department recently issued an RFQ for a downtown…
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