The BOMC and the DDA have been regularly meeting in executive sessions. Why?

Since construction began on the Town Green, the interest in the surrounding land owned by the City and DDA has increased substantially. The BOMC and the DDA knew these properties would play an important role in delivering the vision of the Downtown Master Plan. Until recently, they thought the redevelopment of these parcels would take five to ten years. However, opportunities for development came sooner than anticipated and propelled both the BOMC and DDA to consider whether it would be in the City’s best interest to accelerate the timeline.  

The initial due diligence from evaluating the proposals is promising. The BOMC and DDA strongly believe the proposals selected optimally leverage the property. Though no decisions regarding design, construction or financing have been made, the executive sessions were necessary to get to this point.

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1. The BOMC and the DDA have been regularly meeting in executive sessions. Why?
2. Why have you waited to inform the community?
3. What are the proposals?
4. Why are these projects good for the City? As a resident, what’s in it for me?
5. Is there a hotel group associated with the boutique hotel and why 80 to 82 rooms?
6. Is this a done deal?
7. Why is the BOMC presenting these options now?
8. Who is approving the design of these buildings?
9. What about Finders Keepers and Edwin Jarvis? 
10. What are the financial implications?
11. How are you going to fund a parking deck that is reserved for the public?
12. What other public investments are needed for the Town Green Market Development?
13. Are the live-work units going to require a public investment?
14. Does the hotel need additional public investment?
15. What is the proposed structure for these public-private partnerships?
16. What is the projected schedule?