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Jackson council hears detailed briefing on proposed 90 Virginia Lane employee housing project
Summary
Council received an informational presentation on the two-part 90 Virginia Lane project — rental buildings and ownership condominiums — including underwriting assumptions, funding constraints tied to SPED ballot language, and outstanding decisions ahead of a joint county meeting March 9.
Councilors spent the bulk of their March 2 meeting briefing themselves on the proposed 90 Virginia Lane employee housing project, a joint town–county effort that would include rental buildings and deed‑restricted condominiums.
The staff presentation, joined by Penrose Development representatives, described two main options under consideration: the town could purchase deed‑restricted condominium units outright for employee use, or acquire rights‑of‑first‑rental/purchase that give town employees priority access without…
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