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Public and some council members split over Arbor South financing, parking and DS 2
Summary
Public commenters and some council members debated financing for the Arbor South project and DS 2; supporters stressed jobs and housing, opponents and some council members warned city risk if it owns parking structures funded through Brownfield TIF.
A contentious set of public comments and council communications focused on the financing and structure of the Arbor South development, a mixed-use project planned for the State and Eisenhower transit corridor.
Mayor Alex Lowe, calling in, said he generally supports more housing but opposed a component called DS 2, calling it 'D s 2 is a poison pill' and warning it 'puts the risk onto the city' while profits 'remain in private hands.' Lowe also criticized what he characterized as roughly '$166,000,000' in city bond exposure for parking structures.
Eric Ivanich, calling from Ward 3, praised the project's potential,…
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