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Mayor says Fallen Timbers sale closed; city to coordinate improvements with new developer
Summary
The mayor reported that the Fallen Timbers deal has closed with the Timbers Town Group; city officials said they expect announcements and will assist with infrastructure and planning coordination, including potential community‑authority financing.
The mayor updated the committee that the Fallen Timbers property sale has closed to a private group called the Timbers Town Group and that the city and the developer are coordinating next steps on infrastructure and planning.
"The deal for Fallen Timbers has closed with the timbers town group... They're very excited. It's gonna be sort of a, you know, health and wellness lifestyle, but still trying to bring in a lot of really good stores," the mayor said. Committee members discussed development financing options, noting a potential new community authority that could allow the developer to issue bonds or use other financing mechanisms; staff said the city will help with street and sidewalk improvements where possible.
Council members said they had long sought a satisfactory outcome for the property and welcomed the closing; staff cautioned that some details remain to be finalized before public announcements.
