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RENEWAL AGENCY GETS OFFERS FOR USE OF SITE

The Jamestown Urban Renewal Agency has not even formally taken title to the former Watson Industries property on Harrison Street, but it has already had offers for the three-acre parcel.

City development director Samuel Teresi Thursday said an adjacent company, Phoenix Metal Fabricating, has expressed an interest in using at least part of the space.

"We are very much interested in working with them in the coming months as their plans move forward," Teresi said. "But I need to emphasize that there is a legal process that we must follow in disposing of a publicly owned development site."

He said a couple of other firms had expressed an interest in the site, but they did not want to be involved in the public process.

"One company which I won't name indicated that if we could have cut a direct deal with them they would have liked to have used it. But we cannot simply strike a deal with a private company, we have to go through the legal avenues," he added.

JURA is required to establish a fair market value for the property, publicly advertise it, and review all development proposals.

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