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Don Sinex Redstone s challenges could seal the project s fate. The longer the litigation lasts, the less attractive CityPlace is to lenders and the harder it becomes for the developers to meet the city-imposed deadline to start construction. If work doesn t begin by September 2022, a development agreement says that the project partners will have to pay the cost of reconnecting St. Paul and Pine streets to the city grid instead of being reimbursed by tax-increment financing funds. Allowing the former mall to sever those streets disrupted travel by motorists and pedestrians for decades and is now seen as a planning mistake. The developers deeded the land for the streets back to the city late last week, the mayor s office announced on Tuesday. ....
Courtesy of Freeman French Freeman A rendering of CityPlace Burlington on Cherry Street Burlington city councilors on Tuesday unanimously approved a settlement agreement with the owners of the CityPlace Burlington project that promises to pay workers a fair wage on the job site. Councilors had delayed a vote on the settlement last week because it didn’t guarantee union labor to build the downtown project. While the final agreement doesn’t deliver on that front, it does promise to pay workers the prevailing wage, an hourly rate set by the state for various trades. The wage for construction workers in the Burlington area, for example, is $18.45 an hour. According to the Vermont AFL-CIO, the prevailing wage could boost workers’ earnings by up to 42.5 percent. ....
CityPlace developers agree to pay prevailing wage in effort to settle with unions Garage destruction at Burlington mall site Replay Video UP NEXT CityPlace Burlington developers have agreed to pay the Vermont Prevailing Wage in an effort to get the City Council to sign off on an agreement that would end a lawsuit alleging breach of contract. The city sued last September, claiming the developers were trying to get out of commitments made in 2017, including reconnecting St. Paul and Pine streets to Cherry Street. The lawsuit has stalled the $175 million project. The City Council voted to table the settlement agreement that would end the lawsuit last week after labor unions insisted CityPlace use union workers on the job. ....
Updated at 8:01 p.m. The City of Burlington and the developers of the CityPlace Burlington project have reached a settlement that they say will allow. ....
Sat, 02/06/2021 - 2:59pm tim CityPlace artist rendering of the redeveloped corner of Bank and St Paul Streets in Burlington. St Paul will be reconnected between Bank and Cherry Streets. It was segmented when the former Burlington Square Mall was built in the 1980s. Vermont Business Magazine Don Sinex, Managing Member of the CityPlace Burlington Team, announced Friday that they have resolved settlement discussions with Mayor Weinberger and the City of Burlington, and that a settlement agreement will be presented to the City Council for discussion at its February 8 meeting and approval at its February 16 meeting. By working cooperatively and in good faith, Sinex said in a statement, the parties were able to resolve all outstanding issues regarding the CityPlace Burlington Project. ....