Franklin`s Ballpark Commons wants extra $5 million in city cash after developer hits unexpected costs

Franklin`s Ballpark Commons mixed-use development is seeking another $5.2 million in city financing help — beyond $22.5 million already approved.

Roc Ventures LLC, led by developer Mike Zimmerman, is seeking the additional cash because of "increases in unforeseen development expenses," according to a city report...

...That new property tax revenue would pay for the $5.2 million that Zimmerman is seeking, according to an initial forecast by Roc Ventures.

   ...more

Ken Notes: Two Words... Development Agreement!



- - Volume: 6 - WEEK: 49 Date: 12/6/2018 1:13:02 PM -