RALEIGH – Though the developers and backers of the proposed $2.2 billion Downtown South project faced unanimous opposition in the approval of the group’s application from the Raleigh Planning Commission at last week’s meeting the final decision on the project may hinge on a December 15 public hearing in front of the Raleigh City Council.
In advance of that public hearing, the developers of the approximately 135-acre project on three parcels of land near the intersection of South Saunders Street, South Wilmington Street, and Interstate 40, held a virtual press briefing on Monday that, in the words of a spokesperson for the project, sought to address the vision and opportunity alongside new partners who have become involved in the project.
RALEIGH – Developers and supporters of the massive $2 billion Downtown South project are further embracing the idea of a grant program to provide needed funding and have added more allies in the Black community in their quest to secure rezoning approval from the city for the sports, businesses and entertainment complex.
A press conference is set for 3 p.m. Monday to discuss the groups efforts after losing out in a Planning Commission meeting last week.
“We appreciate the Planning Commission for their extensive review of the Downtown South rezoning case. We agree with the Planning Commission’s view that this project can do so much more, and believe the way to accomplish that is through a Tax Increment Grant,” Bonner Gaylord, who is part of the Kane Realty team, told WRAL TechWire after the commission meeting.