Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Developer proposes LTDA to stabilize and redevelop Ogden’s Exchange Building; staff cite jobs and preservation goals
Summary
Staff recommended a land transfer and development agreement to convey the Exchange Building to a developer, with proposed preconstruction incentives and a timeline to stabilize and rehabilitate the Art Deco structure. The project would host GMRE’s headquarters and is projected to create about 60 direct jobs and $17 million in economic impact, staff said.
Ogden staff recommended a land transfer and development agreement (LTDA) to convey the Exchange Building to 600 Exchange Building LLC for stabilization, historic rehabilitation and reuse, and presented a proposed timeline and estimated economic impact.
Kelly (staff) summarized the building’s history as a 9,500‑square‑foot Art Deco livestock exchange that has sat vacant and deteriorated. She said the city previously set aside roughly $1,000,000 for structural stabilization but that initial estimates exceeded that amount; staff recommended using those…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
