The Missoula Redevelopment Agency signed off Thursday on using Tax Increment Financing funds to redevelop the Sleepy Inn site on West Broadway. But the promise of affordable housing on the site remained up in the air during the board’s discussion.
Board members approved a $210,000 expenditure for a contract with Three Rivers Landworks to perform hazardous material abatement, building deconstruction and building removal. Just over $200,000 is budgeted for the renovation work, while an additional $9,000 was tacked on as a contingency.
If the Missoula City Council approves the measure Monday, the city would be on the hook for approximately $83,000 to the contractor as well.
Our favorite photos of the week from November January 9 to January 15.
The total $283,000 figure comes in about $50,000 to $60,000 below the original cost estimate received by the city, a cost savings city staff celebrated Thursday.
People are also reading…
Tyler Walls, the city’s brownfields program specialist, called the price reduction “monumental.”
The scope of the work was in part determined by the city’s real estate agent, who suggested the site would be more marketable if the old