A public hearing on a Community Improvement District (CID) to help redevelop the Keystone property along Johnson Drive and Barkley has been set for May. Christie Development is proposing two new buildings for property, which also is planned to have a public park. Councilor Lawrence Andre was the only vote against the hearing.
One building will be 15,000 square feet to house an organic grocer and another 7,150 square foot building will hold multiple tenants.A hardware store that had been a possibility is not in the plans, according to information provided to the city’s finance and administration committee.
The CID being proposed would levy an additional one percent sales tax on stores in the project, known as Cornerstone Commons. The CID would last for a maximum of 20 years or up to $6 million. Unlike the Gateway project approved by the council this year, there is no upfront bonding. The developer would receive the CID funds from the tax only after it is collected.
Andre had expressed concerns at the committee level about the project being in the best interest of the city. Wednesday he said the plan needed more detail.
Although the hearing has been set for the May 15 council meeting, the city has not approved the project or plans. The city did approve a pre-development agreement earlier this year.
The council also named David Shepard as council president and Amy Miller as vice president.