Tuesday, December 05, 2006

Lot 5 development agreement

Last night the Town Council took a bold step in authorizing negotiation of a development agreement with Ram Corp. for the Lot 5 project. I'm grateful to everyone who has participated in the public discourse about it, even my dissenting colleague Jim Ward. As a member of the negotiating team, I continue to believe that this project is going to bring great, positive changes to downtown Chapel Hill, and that the town's investment is reasonable in light of the return. I believe we've worked hard and carefully in the public's interest to leverage significant public benefits out of this project. I'm looking forward to seeing the agreement finalized and brought back to the Council on February 12.

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