It is fair to say the most anticipated report for next week's PUD public hearing was the gap financing report from the National Development Council. Tom Jackson from NDC has worked with the City and the Development group for over a year. His report came to councilors today and can be found here:
Gap Financing Report
I've had a quick read through it and will need to look more closely again tomorrow. Jackson does recommend that the city allow a $4M rebate TIF to the developer. That represents roughly 10% of the projected tax value of the project.
The PUD Public Hearing will be Wednesday May 27th at 7:00 at the University Club.
All of the reports for this hearing as well as other project information can be found here:
http://university-heights.org/BuildZoneSanit/OUP/15/index.html
I hope to see a good turnout of city residents.
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