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Since enacting legislation to authorize a Purchase and Sale Agreement for the Downtown Phase II property in December 2021, Fairmount Properties and the City have not been able to collectively reach a purchase agreement and site design that aligns with the concepts supported by the Hudson community last year. Therefore, Hudson City Council introduced legislation at its June 7th meeting to repeal legislation enacted in December 2021 which authorized negotiating and entering a Purchase and Sale Agreement with Fairmount Properties.
“Council wishes to thank Fairmount Properties for all their efforts with Downtown Phase II area and for their continued partnership with First & Main,” said Chris Foster, Council President. “First & Main is an asset to our City and we wish Fairmount Properties well as we continue to look for the best use for that area which will meet the needs of our community.”
City Council is committed to the development of Downtown Phase II and will begin discussions on options for that area at a future Council Workshop.