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City staff recommends sale of Business Development Center to Framatome; tenants offered relocation help
Summary
City staff recommended authorizing a sale of the city-owned Business Development Center at 147 Mill Ridge Road to Framatome for $2 million with an estimated $6 million private reinvestment; staff said tenants have been notified and relocation assistance and commercial-market options are being offered.
City staff told the committee that a single proposal was received in an RFP process for the city‑owned Business Development Center at 147 Mill Ridge Road and recommended council authorize the city manager to execute a contract for sale following the required public hearing.
Staff said the building, acquired with Economic Development Administration funding in 1988 and comprising roughly five acres and about 42,250 square feet, has functioned as a small‑business incubator. According to the presentation, Framatome…
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