Downtown Development Site 1 funding
Summary
The Atlantic Housing deal converts 2.83 acres of city land into housing, commercial space, and a parking garage — with 250 spots reserved for the downtown public, way up from the current 75. Downtown visitors and event-goers get much easier parking.
At a glance
- Total mentions
- 3
- Last 30 days
- 1
Last discussed Aug 6, 2026.
Impact analysis
Public cost is $6.71 million — $6.25M from the CRA and $460K from the city — all going to the parking garage.
Downtown businesses, visitors, and future residents of the 120-plus unit project.
Mentions & discussions (3)
City Council Meeting - Nov 12, 2026
The council will consider $460,000 from the OUC Business Development & Customer Retention Fund toward a downtown mixed-use project including a parking garage. Downtown parking and redevelopment could affect visitors, businesses and nearby residents.
Special City Council Meeting - Aug 6, 2026
The Atlantic Housing deal converts 2.83 acres of city land into housing, commercial space, and a parking garage — with 250 spots reserved for the downtown public, way up from the current 75. Downtown visitors and event-goers get much easier parking.
City Council Meeting - May 14, 2026
The Mayor used the budget item to push back on social media criticism of the $60 million downtown project — 150 units, ~500 garage spaces (250 public), roughly half income-restricted tiers — calling commercial development essential to lowering the residential tax burden.
Related development
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