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Council approves $1.5M performance-based grant for 25-acre 'Project Firehouse' commercial development
Summary
Council unanimously approved a $1.5 million performance-based economic development agreement with Headwater Capital Partners (Project Firehouse) to develop a 25-acre site at 1199 Fire Lane into roughly 265,000 sq ft of speculative commercial space, with obligations for road improvements and a minimum job creation target.
The City Council unanimously approved a performance-based economic development agreement with Headwater Capital Partners for "Project Firehouse," a proposed 25-acre commercial development at 1199 Fire Lane.
Arthur Jackson, the city's chief economic development officer, described the proposal: the developer would acquire the…
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