Print this story |
E-mail story |
This story has 3 comments Add your own |
iPod friendly | Bookmark this
What is this?
The next step for CenterPoint
Published Wednesday, January 21, 2009
Now that they have the rezoning approval they have been seeking, CenterPoint’s intermodal center is “full speed ahead.”
The company will soon start putting in infrastructure for the 13 proposed buildings, parking lots, and rail yard needed for the center, said Neil Doyle, executive vice president for infrastructure and transportation development at CenterPoint Properties.
“We are ready to go,” Doyle said. “We’d like to be under construction by May.”
The first step in constructing the project is to do design work, which will commence immediately, Doyle said. Detailed schematic plans will be in the works, followed by stormwater drainage system construction, roadway improvements and utility extensions. After the infrastructure improvements are done, Phase 1 of the project will start to rise from the ground, Doyle said. Full construction is anticipated by 2015, barring any setbacks.
“This will benefit a lot of people in a lot of different ways at not a lot of cost,” Doyle said, referencing the jobs and real estate tax revenue it will create.
The cost of Holland Road improvements, however, was estimated by the Hampton Roads Planning District Commission to be about $94 million. CenterPoint has offered only about $3.5 million of that cost, leaving the city to attempt to make up the difference through other funding sources, which could include borrowing money or trying to get funding from the state or federal levels.
Having the rezoning approval from city council makes it much easier to find customers for the project, Doyle said. CenterPoint will begin marketing the park on a national level immediately.
The company still must go through the regular building permit process when it constructs new buildings and projects.
WOULD YOU LIKE TO SHARE THIS STORY?
Comments
Posted by OD (anonymous) on January 22, 2009 at 4:37 a.m. (Suggest removal)
SURPRISE!!!!!!! <SARC>
Posted by Factfinder (anonymous) on January 22, 2009 at 9:05 a.m. (Suggest removal)
Open your wallet taxpayers because someone (Town Council, CenterPoint developers) is going to pick your pocket. Rest assured it will cost more than what the planners think. And council will go, "OOps, we misjudged the market." Yeah right.
Posted by mdvgarcia (anonymous) on January 25, 2009 at 3:37 p.m. (Suggest removal)
OD and Factfinder:
Copy all on tax payers potentially picking up some cost for the project. There are ways to fund these projects besides taxing. Creating tax revenue resulting from the project to balance cost seems reasonable for permitting progress for future city growth.
I submit to readers, doing nothing to prepare for the cities future growth is poor management.
I agree with some points OD and Factfinder are displaying but with out seeing all the facts in front of me, I'm not willing to bet against our city government yet.
I oppose any cities in our country who are dependant on Federal funding for baseline cost support. I'd like to see any projects our local government engages with, like Centerpoint, managed with a level of priority to achieve self local government sustainment and independence from Federal dependency.
I want to know how much our taxes will support this project and what the benefits are for Suffolkian's on the completion end of this project.
If the benefits are reasonable and aligned with the best interest of our citizens, then I'm all about it. If not, than we need to vote our local officials out of office next election go round.
V/R
Ross
Sleep Hole Borough
Post a comment (Terms of Use Policy)
(Requires free registration.)