Why Option #2 Makes Sense for Houghton Village

The City purchased the Houghton Village property in 2022 for $14.2 million, using an interfund loan that continues to accrue interest. Since then, more than $1 million has been spent on consultants, testing, and maintenance.

Two developers have reviewed the City’s preferred five-story plan and declined to proceed, saying it isn’t financially feasible without $7 million in taxpayer subsidies.

Urge the council to adopt option 2 — sell without a development plan — is the most realistic and fiscally responsible path. It aligns with market conditions, prevents further public costs, and allows the City to focus resources on higher community priorities.

Please send the letter below before noon on November 18 to ensure your voice is included in the public hearing record, or anytime before the final Council vote on December 9.