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The General Authority reported that it is close to selecting a developer and announcing an agreement, after due diligence and negotiations with the developer’s counsel. The board planned an executive session to discuss real estate matters, but no developer was named and no agreement was approved at this meeting.
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The project is moving toward a developer selection, but the authority has not publicly finalized or announced the developer. Board members said negotiations and review work are still underway. An executive session, which is a private meeting allowed for certain real estate discussions, was scheduled after the public meeting.
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