Earlier this week, Mayor Paul A. Dyster told the City Council a development agreement with the Hamister Group for a $25 million downtown hotel, apartment and retail project could be signed as soon as Friday.
Attorneys are still in the process of finalizing the contract, and "nothing new" compared to what was presented two months ago has appeared as the sides continue to work, Dyster told lawmakers.
The Council voted, 3-2, on Sept. 16 to allow the city to sell the land at 310 Rainbow Blvd. for the project, as well as to allow the mayor to sign a development agreement.
Listen to Dyster's full comments to the Council on Tuesday:
taggedCity Council | city government | downtown | Paul Dyster