by Beth Musgrave, 1.20.16, Kentucky.com
A real estate consultant’s report that could help Lexington city officials decide whether to move City Hall to the long-delayed CentrePointe development will be discussed behind closed doors when it is available in coming weeks, city lawyers told the Urban County Council during a meeting Tuesday.
Mason Miller, a lawyer representing the city, told the Urban County Council during its Tuesday work session that the real estate report from Jones Lang LaSalle group will have detailed information that the city will need if it decides to negotiate with the current developers of CentrePointe. The city can’t allow that information to be public or it will lose the advantage in any negotiations, he said. Miller emphasized that the city hasn’t made any promises to the new developers — Bridgeton Holdings of New York and Matt Collins of Lexington — that it would move City Hall to the proposed development, which is to include a hotel, an underground parking garage, an apartment building, and restaurant and retail space.
The development includes an entire city block — bordered by Limestone and Main, Vine and Upper streets — that has sat empty for nearly eight years.
At-large Councilman Richard Moloney said during Tuesday’s meeting that he felt uncomfortable discussing the details of the report — expected by the end of this month or in early February — behind closed doors. Residents have been pressing council members for updates on the status of CentrePointe. Constituents ask more questions about CentrePointe than any other issue before council, Moloney said…Read more at Kentucky.com
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