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RDA approves authorization to acquire 65–67 Craft Street and asks council for $1.5M TID contribution
Summary
The Redevelopment Authority authorized acquisition of 65 and 67 Craft Street (asking price $1,150,000) to expand the River Point District and voted to support a council resolution requesting $1.5 million in TID 18 funds to cover the purchase and reserve funds for an adjacent parcel.
The Redevelopment Authority voted in open session to authorize acquisition steps for 65 and 67 Craft Street as part of a planned River Point District expansion. Andrea, city staff, told members the seller is a 360 real estate entity and that staff had toured the building; the asking price noted on the record for 65/67 Craft Street is $1,150,000.
Andrea said the parcels are north of 63 Craft Street (which the RDA already owns) and that acquiring the additional…
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