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Mayor says $5 million remains available for redevelopment; broker to be hired to pursue alternate site
Summary
Mayor Dorinda Borer told the council the city has $5 million that can be re-purposed toward redevelopment after an earlier unexecuted contract left $2 million tied to a private developer; the city has selected a broker to pursue redevelopment on the opposite side of Kimberly Avenue.
Mayor Dorinda Borer updated the City Council May 11 on progress toward a large redevelopment effort and said the city is readying a broker to pursue opportunities on the opposite side of Kimberly Avenue.
Borer said environmental cleanup work has taken place at a 26-acre site under contract with the Simon Group, but that a prior administration initiated a $2 million payment intended to help that…
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