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Goetz Tower Project Status? |
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Analytical
MUSA Citizen Joined: Nov 19 2015 Location: United States Status: Offline Points: 562 |
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Posted: Jul 12 2017 at 8:28am |
City Council Retreat (Excerpts) - June 23, 2016 Mr. Adkins provided an update on the Goetz Tower Project. He stated that the plan calls for 18-20
market rate studio and one bedroom apartments and ground floor commercial space. He explained
that right now there’s a funding gap of $784,203 in the project. Without financial support from the
City the project won’t start; he discussed options of cash/ occupancy guarantees and waiving of fees
to get the project completed. Since the retreat, the city did agree to lease ground floor space of the Goetz Tower building to house the Economic Development Department. Does anyone know the exact monthly amount that the city will be paying for five or six years? Aside from that city subsidy, what progress is being made to locate additional subsidies for Mr. Coon's project? Several people have recently noted that there's minimal activity taking place. Reportedly, about three dumpster loads of materials were removed from the premises.
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spiderjohn
Prominent MUSA Citizen Joined: Jul 01 2007 Location: United States Status: Offline Points: 2749 |
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Are we already paying rent?
Timeline for occupancy? And for whom? Studio/Strand update? Let the private sector ownership handle these issues--they have their own $$, they just don't want to use it imo. Keep the taxpayers out of these private ventures, since admin's/ Council's track records aren't very good( though VERY expensive) |
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swohio75
MUSA Citizen Joined: Jun 13 2008 Status: Offline Points: 820 |
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Spider- I believe Doug posted here (I don't have time to find the post) that the city would not start paying rent until occupancy.
The original timeline called for the project to be complete by Dec 2017.
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