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City officials outline $92M public works resiliency campus; new LDC to finance remainder
Summary
City staff told the Committee on Community Development that a proposed 470,000-square-foot public works resiliency campus on about 59 acres has a $92 million estimate; the city has a $10 million state commitment and a local development corporation will bond for the remainder.
Trevor Griffiths, the city’s economic development coordinator, told the Committee on Community Development on April 21 that the city is advancing a proposed public works resiliency campus to replace aging facilities and boost emergency preparedness.
Griffiths said the project would create roughly 470,000 square feet of facilities on about 59 acres after the city acquired properties at 250 Bates and 1000 Bailey. He estimated a combined cost of about $92,000,000 for phases 1 and 2, with phase 1 estimated at $57,000,000.
The city formed a local development corporation (LDC) on April 1 to serve as a financing vehicle for the…
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