Saying they need more time to contemplate it, Tacoma City Council members last night indefinitely postponed a decision on an environmental agreement needed to allow a hotel project to proceed on the Foss Waterway.
The council needs “a better understanding on the impact of this agreement … and the impact of this development on the Foss,” Councilwoman Connie Ladenburg said Tuesday.
The decision raised concerns for developer Mark Hollander, who told council members further delays “dramatically increase risks” that could kill the project.
“A whole bunch of delays presents too much risk… (that) put this in jeopardy,” Hollander said.
At issue was the council’s decision on an agreement to indemnify Hollander against environmental hazards that might surface during construction. Under the agreement, the city would assume responsibility and any clean-up costs for potential hazards that arise.
The council likely will pick up the matter at next week’s meeting.
Read more about this issue in tomorrow’s News Tribune.