Council agrees to sell portion of Alder project lot
August 6, 2006
The Truckee Town Council agreed at Thursday’s meeting to sell a portion of the Alder Drive property to Pacific West Communities, moving the Frishman Hollow workforce housing project another step forward.
The 9.5 acre property site, located on the southwest corner of Alder Drive and Highway 89 north, was donated to the town by East West Partners, developers of Gray’s Crossing, Old Greenwood, and other projects.
Tony Lashbrook, town manager, said the council decided to sell 2.3 acres of the land to allow Pacific West Communities, a non-profit developer, to construct the first phase of Frishman Hollow. Town staff will report back to the council with a purchase agreement.
The proposed project is an affordable housing complex that will offer 32 rental units, a common building, playground, and pedestrian bridge connecting to Alder Creek Middle School in its first phase.
The council also approved a $4 million home grant application to provide necessary funding for construction costs.
“If we don’t get the grant then it’s back to the drawing board,” Lashbrook said.
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He said the town will find out in October about whether or not the affordable housing project will receive the grant money.