The city will also use a portion of the funds to acquire land for parks and other green space areas, and to reimburse developers for their hard and soft construction costs associated with some of the projects, city staffers confirm for GlobeSt.com. Among the costs are land acquisition, demolition, utility relocation and construction of sewers, sidewalks, landscaping and parking.
The 10 to 2 council vote on the bond issue included criticism from two council members who argued the proposed developments will probably be built with or without the creation of the special tax district.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.