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Montgomery council approves resolution to acquire downtown riverfront parcels after heated public comment
Summary
After public comment and debate over transparency and timing, the Montgomery City Council approved a resolution authorizing use of city funds to acquire two adjacent downtown parcels listed in the transcript as 425 and 475 (street name appears as both 'Molton' and 'Milton'). The vote was 5–3 with one abstention.
The Montgomery City Council voted to authorize use of city funds to acquire property identified in the meeting record as 425 and 475 (the transcript alternately records the street name as 'Molton' and 'Milton') after a debate over urgency, transparency and long-term downtown planning.
Supporters said buying the parcels is a strategic move to control downtown development. John Wallace, who identified himself as a resident and retired Wall Street banker, argued that outside investors ‘‘don’t come back’’ if the city hesitates and described city ownership as ‘‘an investment in the…
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