City approves $3.1 million in assistance for new development
GAINESVILLE, Fla. -- Gainesville officials approved $3.1 million in assistance to one private development project.
The approval comes after almost 15 years of talks into the development of "University Corners" - now known as "The Standard at Gainesville."
Residents, like Sally White, are frustrated with the city's decision regarding "The Standard."
"That's not what tax dollars are for."
Landmark Properties, the new developer of the project, requested taxpayer dollars for infrastructure assistance. Commissioners wrote the check.
"Four votes set the direction," City Commissioner Todd Chase explains. "Last night, four commissioners voted to spend $3.1 million on this project to get it off the ground."
Chase, who voted against the funding, says there was no reason to give the agency any city subsidy.
"I don't think that it's the government's role to help private developers make a higher return on their investment."
Some residents, like Sally White, agree. "I don't think our tax payer money should be going to private investment," she says, "If it's meant to be let the private investment take care of it."
Chase says the city is booming with development in other areas without the government's help.
"If people just drive around the city of Gainesville right now, you can see all types of projects happening through the blood, sweat and tears."
The devloper turned in initial site plans to the city today for approval. People with Landmark's engineering firm, CHW, tell me thier focus is getting the project off the ground and setting the
standard for future Gainesville development.
The project is waiting for city approval of the site and construction plans, as well as a development agreement with the city.
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