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ChatGPTClaudePerplexity· Trigger
Developers ask the City and Potter County to close a new funding gap
City staff wrote that construction prices rose 27% from summer 2021 to January 2022, leaving the project short again, and that the developer asked the City and Potter County for help. On February 14, 2022 the Potter County Commissioners Court discussed the request without a decision. KFDA reported options that combined property tax rebates or abatements (about $152,470), about $300,000 from the North Heights neighborhood plan funds, and more than $1.5 million in federal ARPA money from the City and the county.[1][2]
Freda PowellThe Commonwealth Companies (Commonwealth Development)
What the sources say
- ✓ Verified
City staff wrote that from summer 2021 to January 2022 the project's construction pricing rose 27%, with the major trades (electrical, plumbing, HVAC and drywall) up 18% on average, leaving a new funding shortfall, and that the developer asked the City and Potter County for help through property tax rebates, building permit fee waivers, ARPA funds and the City's North Heights neighborhood plan funding. [2]
- Price increase
- 27%
- Major trades increase
- 18%
- ✓ Verified
KFDA reported that the Potter County Commissioners Court discussed the request on February 14, 2022 without deciding, and that the options combined property tax rebates or abatements (about $152,470), about $300,000 from the North Heights neighborhood improvement funds and more than $1.5 million in ARPA money from the City and the county, against a shortfall of about $2 million in a project described as costing $30 million. [1]
