Rescission of NW 3rd Avenue land acquisition
Summary
The CRA is walking away from a planned purchase of two properties on Northwest 3rd Avenue that it authorized a year ago but never acted on. The money earmarked for land goes back into the agency's general funds.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jul 23, 2026.
Impact analysis
The land budget line is emptied, with funds returned to the CRA's unrestricted balance — no new spending.
The CRA keeps flexibility over roughly $2.2 million in assessed-value property funds it no longer plans to spend on this purchase.
The property sellers lose a pending public buyer for their parcels.
Mentions & discussions (1)
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