Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
City presents Keystone Broad Street redevelopment plan and draft TIF agreement ahead of October vote
Summary
City staff and developers outlined a three-phase Keystone Broad Street redevelopment and a combined development/TIF agreement to be considered in October. The plan includes multifamily, condos, retail, parking garages and a potential hotel; presenters described a roughly $150 million private investment and a 20-year TIF reimbursement structure.
City staff presented a detailed overview of the Keystone Broad Street redevelopment plan and the combined development and Tax Increment Financing (TIF) agreement the council is slated to consider at upcoming meetings.
Darren, the city presenter, described the project as phased in three sections: Section 1 would contain approximately 239 multifamily units with much of the retail and a parking garage; Section 2 would include about 100 condominium units, retail and a second parking garage; Section 3 is a speculative hotel of about 115 rooms. Darren said the private investment is roughly $150…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
