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Alternative development scenarios without rezoning approval

0:32:52

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Council Member Crystal Hudson inquires about potential development scenarios if the rezoning is not approved. William Wallace IV expresses hope that they won't have to address that reality, indicating uncertainty about alternative plans.

Developers hope to avoid considering alternative scenarios
Uncertainty about plans if rezoning is not approved
Possibility of market-rate condos or selling the property is implied but not confirmed

Crystal Hudson

0:32:52

But so just to be clear, you all as the current owners in in this current iteration of the project, you would develop the market rate condos if you don't get the rezoning that you want, or

William Wallace IV

0:33:04

would you

Crystal Hudson

0:33:04

sell the property to somebody who you

William Wallace IV

0:33:07

We are hoping that that is not a reality we need to address, so I can't answer

Crystal Hudson

0:33:11

that.

0:33:13

Okay.

0:33:16

If this rezoning were not approved and sorry.

0:33:19

I just wanna go back to to what you mentioned.

0:33:21

You said that you've been told affirmatively that you would not receive public subsidy for the project.

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Explanation of lack of public subsidy for the project