I thought it was odd there was no mention of economic incentives in Saturday’s N&R article on the proposed $42 million Murrow Station development. Improbable for a project this size, I said to myself, but not impossible.
But the other shoe dropped in this morning’s lead editorial:
…the project is seeking financial incentives from the city to help keep construction costs down and housing costs per square foot lower than is now typical downtown.
Like Southside on the southeastern end of downtown and Center Pointe on North Elm, it will take a private-public partnership for Murrow Station to work, Brown said. The city should find a way to make such an investment. Creating opportunity in the Pet Dairy area can help bridge an old gap between black and white and spark new development north and east of downtown.
Little doubt the city will sign on with this very ambitious project. Everyone get your cameras ready for the demolition of the Pet Dairy building.
