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CRA board gives symbolic support to $500 million downtown redevelopment application
Summary
The Opelika CRA voted to express general support for a proposed $500 million, mixed‑use downtown public–private partnership application — a symbolic step aimed at moving the developer into a second, more detailed review that requires a $20,000 deposit and further city and CRA approvals.
The Opelika Community Redevelopment Agency voted to give symbolic board support for a proposed downtown redevelopment called “Opelika City Place,” a project Walker said would bring roughly $500 million in investment and about 900 residential units plus retail and office space.
The board’s resolution does not bind the CRA to any agreements but signals to the developer that the CRA and the city intend to proceed to a second-stage review. Walker told the board the P3 ordinance requires the developer to submit a $20,000 application check to advance to detailed review and that the city and CRA will advertise the disposal of…
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