Summary
Council Member Neeno raised the downside scenario: if the deal collapses, the city could be left holding the property and needing to fund cleanup itself. Staff estimated $30 million in new debt would cost the median homeowner about $845.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Feb 23, 2026.
Impact analysis
A worst-case $30 million remediation debt would cost the median homeowner about $845.
Taxpayers benefit from understanding the downside risk before committing to the project.
If the project fails, taxpayers could shoulder remediation and debt costs for an vacant site.
Mentions & discussions (3)
City Council Workshop - Feb 23, 2026
Council Member Neeno raised the downside scenario: if the deal collapses, the city could be left holding the property and needing to fund cleanup itself. Staff estimated $30 million in new debt would cost the median homeowner about $845.
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