The Greenwich Board of Estimate and Taxation convened on March 24, 2025, to discuss key developments regarding downtown revitalization efforts and the selection of a consultant for the project. The meeting highlighted the urgency of moving forward with plans to enhance economic activity, community engagement, and the preservation of historic sites in the area.

The discussion began with a focus on the need to evaluate potential proposals from developers, emphasizing the importance of balancing financial returns with community benefits, including public parking and meaningful uses of space. The urgency of the timeline was underscored, as potential developers are unlikely to wait for the town's lengthy planning processes.

A representative noted that three consultants had already been interviewed, and while no formal proposals had been requested due to a lack of funding, there was optimism about selecting a consultant by late April. The goal is to negotiate terms with the top candidates by May, with the purchasing department expected to assist in finalizing the best option for the town.

The representative expressed gratitude for the collaborative efforts of the committee, which includes members from various leadership positions within the town. They highlighted the importance of securing a consultant to ensure the best proposal is chosen for the community's benefit.

During the meeting, a question was raised regarding the proposed budget of $50,000 for the consultant. The representative explained that this figure was based on feedback from the interviewed consultants, who indicated that a budget of $30,000 to $40,000 would be typical. However, they felt confident that $50,000 would be sufficient to cover the necessary study.

In conclusion, the meeting emphasized the town's commitment to advancing its downtown revitalization plans while ensuring that community needs and historical preservation are prioritized. The next steps include securing funding for the consultant and moving forward with public meetings and further negotiations in the coming months.