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Boards receive updates on downtown development: 178 Maple, Foothills Builders and DRI Phase 1 face financing/ cost challenges
Summary
Staff reported progress on 178 Maple Street and Foothills Builders projects and flagged steep contractor bids for remaining DRI Phase 1 work (bids discussed in the meeting ranged from about $1.4M to $1.8M compared with an earlier budget near $400,000), prompting plans for value engineering and coordination with state agencies.
During project reports at the Jan. 2 session, CEO Jeff Flagg and staff updated the boards on several downtown development efforts and raised affordability and procurement issues for the remaining DRI (Downtown Revitalization Initiative) scope.
Flagg said 178 Maple Street's work is largely interior and that construction began in time to satisfy ESD/Restore program requirements; the team expects building completion later in the year. He also reported the authority…
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