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The Burlington City Council has approved a revised settlement agreement with developers that will allow a long idle multi-million dollar downtown project to move forward.
At the February 16th meeting of the Burlington City Council, Mayor Miro Weinberger presented for approval a settlement agreement between the city and BTC Mall Associates, the current developer of CityPlace. At the time, concerns were raised about the agreement’s impact on unions and workers. Councilors delayed action and met in special session February 23rd.
In the intervening time, further negotiations were held and Weinberger - a Democrat seeking his fourth three-year term on Town Meeting Day March 2nd – presented a revised agreement for what he called a consequential vote. “This settlement agreement achieves a great deal for Burlington residents. It will result in just a few months, if the council approves it, in the city getting back the land for streets and sidewalks that it gave up in the 1960’s. In addition this settlement agreement also clears the way for this new development team to be able to move forward next week.”