Redevelopment moves forward, sort of
City redevelopment officials and developers for the Park Avenue Redevelopment Project met on Tuesday in hopes of hammering out a timeline for a May 1, 1999 ground breaking.
While making progress, they won’t know if they are on track or not until another meeting scheduled for June 2, according to Redevelopment Manager Jaye Von Klug.
“Trilogy (Development Corporation) is still playing catchup,” Von Klug said Tuesday evening following the all-day meeting, referring to Trilogy’s entry into the project to replace another developer who wanted out.
In the next two weeks, the respective developers will discuss with their companies what they need to do when in order to break ground next year as planned.
It’s the “burning desire” of the group to begin May 1, 1999, VonKlug said quoting Terry Hackett, owner of the Crescent V Fashion Center and the building that houses Monk’s Pizza, the Tee-Shirt Shop, Etc. and other businesses.
“If we’re able to proceed in ’99,” she said, “we’ll be contacting business owners in June about the appraised value” of the businesses and then resolving differences.
The agency will also arrange meetings between developers and those owners who expressed a desire to reopen in the redevelopment project. “They’ll get notification as soon as possible whether they’ll be able to” be in the project.
Other businesses “will spend the summer where they’re at and we’ll work on relocation after the summer when more spaces become available.”
VonKlug expressed the frustration of the developers and city officials for the delays but noted the economic conditions were ideal to go forward.
“The economy could not be better for us to be doing this in terms of bonding, for (the city’s) to borrow and sell bonds and for the private sector to borrow for their construction money,” she said.
“We want to do this, we’ve got to do this. We’ll surmount every obstacle.”
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