Council "pauses" on offering Public Subsidy
The City Admits Design is Disappointing
A live-tweet reporting of the City Council meeting on April 3, 2017, in which City Council considered giving a Public Subsidy to the KHP project.
Note: All statements are paraphrases captured live, not word-for-word quotes.
BACKGROUND: As part of its original submittal in 2013, KHP proposed to pay to the City a required lease payment of at least $300,000 per year. KHP is now requesting two economic subsidies:
- No lease payments for the land and the YWCA building, and
- No charge for parking. (City to dedicate 136 parking spaces out of its existing garages, for free.)