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TACOMA, WA-The Tacoma City Council is considering soliciting proposals from other companies interested in redeveloping the Tacoma Dome parking lot, which would end the city’s exclusive negotiations contract with Cosmos International Corp.

In 2000, city officials approached Cosmos, a Bellevue-based developer, to redevelop two parcels of land owned by the city. The company delivered a proposal to build a $100 million, 1.2 million-sf residential, commercial and lodging complex.

Many have criticized the proposal, saying it will take away from Downtown business and flood the office market with 750,000-sf of new space. The city council will vote in the next few weeks on whether or not it will request proposals from other companies or continue to work exclusively with Cosmos.

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