City
councilors may decide today whether to move ahead with a proposed land swap
with McDonald’s.
They’re also
slated to consider whether to sell 1/6 of an acre to the owner of
the Dunkin’ Donuts property that would add 30 feet of space along its entire border with
the city-owned former mall site.
The council
meets at 5 p.m. today to consider both issues, mostly behind closed doors in
executive session.
Though
details of the proposed deal with McDonald’s are hard to come by, it appears
the city intends to swap about an acre of land next door to Dunkin’ Donuts in
return for gaining possession of the property where the fast food restaurant is
today.
McDonald’s
would own the newly exchanged parcel just as it owns the one it has now.
What isn’t
clear is whether all the legal hurdles will be overcome in time for the meeting
today.
The city’s
attorney, Edward Krawiecki, Jr, said legal issues are “percolating fast and
furiously” in preparation for the session, but Mayor Art Ward said they may not
all be resolved in time.
Once
complete, the deal would leave a bit more than 15 acres in the hands of Long
Island-based developer Renaissance Downtowns for its planned revitalization of
the city center property.
The land
sale to add some space to the Dunkin’ Donuts property appears to have support,
but councilors are unsure about the price.
An initial
assessment of $20,000 to $25,000 as a sale price didn’t factor in the added
value to the property owner, George Varnavelias. So councilors are likely to
seek more money.
Gary
Constant, his attorney, said the extra land “would enhance the planning
possibilities” for the site in the future.
Ryan Porter,
project manager for Renaissance, said the extra land adds “far more options”
for the Dunkin’ Donuts site in the years ahead.
City
Councilor Ken Cockayne called it “a huge value” for the property.
The 30-foot
buffer the city is willing to sell, he said, “in my eyes is like gold.”
But Tim
Furey, the attorney for Bill and Janet Ghio, who own the doughnut shop and have
a long-term lease for the site, said they recently poured a lot of money into
renovations so the additional land is unlikely to spur major changes any time
soon.
“That ship
kind of sailed when the renovations were done,” Furey said.
Copyright 2011. All rights reserved. Contact Steve Collins at scollins@bristolpress.com