Cronin Building proposal sparks downtown redevelopment plan
Eyre would invest about 1 million dollars in the Cronin Building with a first floor restaurant and upper floor apartments. The city paid 400000 for the building, currently valued at 100000 to 150000. Taxable value could be about 3500 annually, with 1250 to the city. Council explores development agreements and MAEDA involvement as neighbors fear city risk.