In a recent government meeting, city officials discussed a proposed fourth amendment to a purchase and sale agreement with PG Investco LLC for a 9.405-acre property in the Smithfield Addition. The motion, aimed at extending the deadline for the developer to close on the property, sparked a heated debate among council members regarding the community's desire for more multifamily housing.
One council member expressed gratitude for the staff's efforts over the past two years but voiced concerns that the extension may not align with the wishes of local residents, who have reportedly shown resistance to additional apartment developments. This sentiment was echoed by another member, who questioned the appropriateness of facilitating further apartment construction despite previous approvals.
City staff clarified that the request for an extension was due to unforeseen circumstances preventing the developer from meeting the original deadline of September 6. They emphasized that the action was not a direct endorsement of the multifamily project but rather a procedural necessity to allow the developer to secure the necessary property before proceeding.
The discussion highlighted a tension between economic development goals and community sentiment, with some officials expressing skepticism about the continued delays and the implications of further accommodating the developer. As the council moved to vote on the motion, the outcome remains uncertain, reflecting the ongoing debate over housing development in the area.