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Council presses Portnoy Valley Development on CREST project steps, costs and accountability
Summary
Portnoy Valley Development updated council on the CREST marketing and feasibility work for the airport-area Crest site and asked for next-step funding for a marketing packet. Council asked for a phased plan with cost estimates, clearer ownership, infrastructure studies and commitments before advancing the $35,000 marketing request.
Representatives from Portnoy Valley Development (PVD) gave a detailed update on the CREST development concept for city‑owned airport property, describing work to date on feasibility, market analysis and confidential developer interviews.
PVD representatives said they have compiled investor interest and hired consultants for concept and feasibility work; they asked the council to consider funding a $35,000 marketing/“M&A” book that would package feasibility,…
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