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Assembly discusses criteria for selling nine airport-subdivision lots, manager to send proposal
Summary
The assembly asked the borough manager to draft formal criteria and return a proposal for marketing and selling nine borough-owned lots in the expanded airport subdivision, with a focus on ensuring lots are developed for housing.
The Petersburg Borough Assembly discussed guidance for marketing and selling nine borough-owned lots in the expanded airport subdivision. Members emphasized the goal of getting lots developed rather than simply sold.
Borough staff told the assembly it will likely recommend an outcry auction and suggested limiting sales to one lot per person or family, placing build-out timeframes or development requirements, and considering other restrictions that prioritize housing development. The manager said staff will circulate proposed options to the assembly this week for consideration and a possible action item at the next meeting.
The issue drew brief discussion about valuation methods and sales options, and members signaled that staff should prioritize approaches that lead to actual housing construction, not speculative holding.
Next steps: Manager will send proposed sale criteria and options to the assembly for review and the assembly may set a formal action item at a future meeting.
