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Scott County redevelopment members agree to explore marketing county property with CBRE and ask member to coordinate presentation
Summary
Board members discussed using CBRE to market a county-owned parcel (referred to in the transcript as the 'bridal' property) and approved a motion to have a member contact John Monas (1 Southern Indiana) to help coordinate a CBRE presentation.
Members of the Scott County redevelopment meeting discussed hiring CBRE, a national commercial real estate marketing firm, to market a county-owned parcel described in the meeting as the "bridal" property. Chair framed the option as a way to test market interest and potentially draw job-creating development.
Committee members debated whether CBRE would market the property for sale only or also help identify developers. One member said CBRE "only sell[s]," while others suggested marketing part of the parcel or structuring a sale so the county could still shape a district or redevelopment incentives. Members raised the possibility of dividing the parcel and noted deed and title work might be required for partial sales.
To move the idea forward, Chair made a motion for Jill to contact John Monas of 1 Southern Indiana to help coordinate a presentation and to facilitate scheduling with CBRE. The motion was seconded and approved by voice vote. Members asked staff to invite CBRE to present options at a future meeting if feasible.
The discussion did not include contracted terms, a timeline for a presentation date, or a formal marketing agreement. The transcript records direction to reach out and arrange a presentation; any decision to hire CBRE, accept an offer, or sell land would require a future formal action and, if required, public advertisement and procurement steps.
