Downtown North Redevelopment is back on the agenda for tonight’s Planning and Zoning Commission meeting. This document has been prepared for the meeting:
Since City officials announced plans to build a stadium last June, more questions have been raised than answered. Among those questions:
- Do all parcels hold considerable market, retail, residential, and mixed-use development potential?
- Have all of these parcels been completely surveyed and do topographical maps exist for all parcels? How are developers able to do a proper feasibility study without designs overlaying the topo? Can that be done without site or land surveys?
- Did the City have a recent market appraisal done for all of the parcels?
- Are there environmental reports on all of these parcels? Are there any underground storage tanks/sewer lines at these parcels that will need to be moved? How much will it cost for asbestos remediation at 150 Windsor Street? What is the magnitude of these potential environmental issues? Who pays for environmental remediation costs?
- How much will it cost for the street realignment of Trumbull and Pleasant, along with the abandonment of Windsor? Who pays? How will this impact the flow of traffic with several nearby schools and colleges?
- Are there unpaid taxes on any of these properties? What is the City doing to collect?
- Is there a reason that the commercial developer is able to have these properties gifted? Isn’t the norm for the commercial developer to purchase the parcels they plan to develop? Is there a reason that the developers are not being asked to pay full fair market value for this land? Continue reading 'Questions Remain on Downtown North Revelopment'»