Successor Agency Adopts Property Management Plan – Sale of Site B to Madison Marquette

On Jan 15th the former Redevelopment Agency adopted a Property management Plan for the former redevelopment agency property assets. It includes a process to sell Site B to Madison Marquette. The planned project for Site B is in accordance with the former redevelopment plan goals and objectives, but so would many other potential choices for the site.   For example TMG Partners had a proposal to develop the site, and they were not chosen. Perhaps, the TMG proposal may make more sense at this time?  The new owners of that property may have a proposal for Site B.  Were viable alternative options even considered?  However, it seems as if the deal is already done. The video below shows Helen Bean making her presentation to the City Council (Successor Agency) members.

 

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