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Medford council to market 2.88-acre commercial lot in TID 14 rather than reserve it for incubator
Summary
The Common Council agreed to offer a 2.88-acre vacant commercial lot inside TID 14 for sale as commercial property; members said they would revisit using the parcel for an incubator if no buyers emerge.
The Medford Common Council on March 23 directed city staff to offer a 2.88-acre vacant commercial parcel on CTH 0, located inside Tax Incremental District 14, for sale as commercial property rather than immediately reserving it for an incubator project.
Council members discussed that the lot sits adjacent to Grunwald Plumbing’s new building and is one of the last available sites within the TID for the incubator listed in TID 14 projects. Members noted competing priorities, including tax implications of using the land for an incubator versus selling it outright. The minutes record that the council’s direction was to market the property for commercial sale and to revisit the incubator option if there is no market interest.
The minutes do not record a formal vote on a motion to sell; the item was recorded as a council direction during the discussion of available properties in TID 14. No timetable or asking price for the parcel was included in the minutes.
