Author Topic: Council may consider plan to defer loans for infill apartment development site  (Read 621 times)


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City Council member Reggie Gaffney plans to introduce legislation Wednesday to advance a proposal to transform the former YWCA building and surrounding property in the Downtown Cathedral District into apartments.

He attempted to introduce it Tuesday to the council Finance Committee, which took no action on it.

Gaffney intends to introduce the bill this week as an emergency or on a one-cycle basis to allow the city to defer two loans on the 325 E. Duval St. property. It is the lien holder on those loans.
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Four different mortgages, all in default. Sounds like a perfect situation!


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Clear as mud.........