Why is this redevelopment happening now?

The City has tried for many years to create a working relationship with the private owner of the Imperial site. There is currently a new interested party and developer that has approached the City to jointly develop and preserve the Char House.

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1. Is this a city-led project?
2. Why is the City considering putting money toward this project?
3. Why is this redevelopment happening now?
4. How many apartments are being proposed within the Imperial Historic District?