City, Prescott Realty Working to Jumpstart Long Delayed Lake Highlands Town Center
|Like the sign says, don't drink the water. But on a hot, humid day, it was tempting to go for a swim.|
The most significant recent story I could recall seeing on the site dates back to March, when council member Jerry Allen told Brad Watson that any day now Prescott would be announcing a lead tenant. But that didn't happen. Prescott CEO Jud Pankey and president president Vance Detwiler haven't returned our many messages. So last night I called Karl Zavitkovsky, head of the city's Office of Economic Development, for an update. Like I said, good timing.
Zavitkovsky said that, why, only yesterday, there was a meeting at City Hall attended by Prescott higher-ups and folks from the community during which they discussed reworking the entire project -- from the design to the TIF funding agreement, which allows for $23 million in city investment in the guesstimated $300 million project. He also says Prescott called in the Urban Land Institute-approved Street-Works to take another pass at the project -- and, sure enough, I see the Lake Highlands Advocate on Monday sneak peeked at great length yesterday's meeting of the Skillman Corridor TIF District committee, complete with Street-Works' proposed design redo.
He says the council will get a look at the reworked deal on June 22, more than likely, with a council briefing on the subject more than likely to be scheduled before that.