Council approves $7.25M developer-backed bonds for Gateway Lantern Commons
The Westfield City Council adopted Ordinance 26-30 to authorize up to $7,250,000 in developer-backed economic development revenue bonds to support the Gateway at Lantern Commons mixed-use project; the measure passed 7–0 on second reading.
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The Westfield City Council voted 7–0 to adopt Ordinance 26-30, authorizing the issuance of developer-backed economic development revenue bonds to support the Gateway at Lantern Commons project. City staff described the site at the northwest corner of 161st Street and Westfield Boulevard as a mixed-use parcel with 102 multifamily units and 29,000 square feet of commercial space, and an estimated project investment of about $30,000,000.
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