Bedford Plaza Hotel Revitalization and 340 Great Road Land Use
Proposal to acquire the hotel site for high-density housing and a public park using District Improvement Financing raises land-use, financing, and transparency questions.
Off-agenda presentation of concept to buy Bedford Plaza Hotel, create parkland, and allow 30 units/acre housing via DIF and special obligation bonds. Board gave conceptual support while noting financial and jurisdictional limits.
Further planning and financing details to be developed
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