For the second time in as many years, representatives of Veteran's groups, Save Our Armory Committee, and concerned citizens are formally requesting to meet with the City Council and the Mayor. A new vision for the Echo Bay area that includes taking advantage of an adaptive re-use of the historical structure will be presented for consideration. With time running out on the extension of the Memorandum of Understanding (MOU) handed to Forest City/Ratner Developers, proponents of Armory re-use contend that now is the time to rethink the possibilities. At the heart of the new vision is the expectation to return the Armory to its original purpose of serving the public good. To that end, the Armory supporters will be requesting a one year MOU with New Rochelle for the purpose of establishing financing and development services.
After the first extension of the MOU, Forest City presented a plan that was not well received by council for its greatly scaled back vision and lack of commitment from the developer to pursue the development of the entire 26 acres that comprise the Echo Bay waterfront. Subsequently a 60 day extension was granted to buy time for the developer to reinforce their position.
Allowing the MOU extension to expire would serve the city well in two distinct ways. First it would allow the city to actively entertain alternative plans for the Armory and secondly, it would open up the waterfront acreage to a more competitive climate thereby giving the city new options.
Read the request and more by clicking the link below: