What: downtown development projects: the Millyard development agreement, BIDA parcels, the High Street and Elm Street garage repairs, and the Elm Street Middle School redevelopment.
Where it stands: Staff briefed the Aldermen on September 22: the Millyard agreement was amended with a Planning Board submission expected in fall 2026; a preferred developer was selected for the BIDA parcels (negotiating).
Next: Planning Board submission; Elm Street School designation, TIF and purchase and sale agreement.
Details
See the log below for each meeting where this came up.
Staff updated the Board on building developments: the Millyard development agreement was amended, with a Planning Board submission expected in fall 2026; a developer was selected as preferred developer for the BIDA parcels (negotiating); the High Street and Elm Street garage repairs will be done in three phases; and next steps for redeveloping the Elm Street Middle School include a preferred developer designation, a TIF, an expendable trust fund and a purchase and sale agreement.