In a recent government meeting, officials discussed the potential vacation of a heavily utilized street to facilitate a multifamily residential development. The conversation centered around the implications of closing the street before the project is fully realized, raising concerns about the risks involved if the development does not proceed as planned.
Blake McAnally, a key figure in the discussion, indicated that while the developers are not opposed to closing the street, they seek to secure the vacation to advance their planning efforts. However, some commissioners expressed hesitation, recalling past instances where projects fell through after street closures, leaving the area without access.
The primary concern among officials is the possibility of closing the street prematurely. If the project fails to materialize, the street closure could be deemed unnecessary, leading to potential condemnation of the property. This has prompted calls for clarity on whether the street will be closed prior to the commencement of construction.
The original motion proposed delaying the vacation until a permit was obtained, but it was later amended to approve the vacation and send it to the council for a vote. The developers are reportedly planning a significant investment in the multifamily project, which has raised further questions about the management of utilities currently located within the street.
As the discussion continues, officials are expected to seek further information regarding the timeline and conditions surrounding the street closure and the development's viability.