Sunday, January 17, 2010

Standard-Examiner: Godfrey Administration Reveals Identity of Proposed River Project Developer

California developer could seek yet-to-be determined monetary incentives from the city and tax increment financing to assist in the project

By Twitter Eater

The Standard-Examiner is now reporting, at long last, the name of the Godfrey Administrations' proposed River Project developer:
OGDEN -- A California-based company has submitted a master plan agreement to the Ogden Redevelopment Agency in hopes of undertaking the long-awaited Ogden River Project. Marina del Rey-based Lee Homes reportedly has completed construction projects valued at about $500 million over the last five years, and Jeff Lee, company president, said it is well positioned to oversee the building of residential and retail structures as part of the Ogden River Project."We think we are the kind of people to do a really good job for the city of Ogden," he said in a recent telephone interview. [...]
Ogden's administration presented the RDA board, made up of city council members, with a master plan agreement for the river project during a closed executive session Tuesday night, said Tom Christopulos, the city's business development manager. [...]
Lee hopes to meet with the RDA board soon to detail his company's proposal for the 60-acre mixed-use development that would straddle the Ogden River from 18th to 20th streets and Washington Boulevard to Wall Avenue. [...]
Lee said his company became aware of the river project because his father, Harlan Lee, chairman of Lee Homes, is a close friend of Gadi Leshem. [...]
Lee Homes could seek yet-to-be determined monetary incentives from the city and tax increment financing to assist in the project, Lee said.
Read the full article here:
Ogden River Project closer
Who will be the first to comment?

© 2005 - 2014 Weber County Forum™ -- All Rights Reserved