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The IDA unanimously approved a request for proposals to demolish Building C, while also approving a supplemental PILOT for the DeSales project by a 4-1 vote with one abstention. The board authorized a public hearing for the 585 S. Exchange Street application but did not approve financial assistance.
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The demolition RFP allows the City to seek qualified contractors for Building C, which officials said needs a clear plan. The DeSales PILOT is a tax agreement providing additional project assistance after a February public hearing that received no comments. The 585 S. Exchange Street action only moves the application toward a public hearing; it does not grant exemptions or other financial assistance yet. The City also received a $250,000 grant for a housing-readiness assessment intended to identify three city-owned parcels for housing opportunities.
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