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Planned apartment project delayed again amid financing issues, administrator says
Summary
City Administrator Stacy Kalthoff said the developer for the planned apartments near the maintenance building asked to postpone the start of construction again because of financing issues.
City Administrator Stacy Kalthoff informed the Planning Commission on April 24 that the developer planning apartments near the city maintenance building has asked to delay the project again because of financing difficulties.
Kalthoff said the developer wants to "push things off a little bit longer again due to financing issues." The commission recorded the update as an item under "Other Matters" and did not take formal action. No revised schedule or new financing details were provided in the meeting record.
