September 26, 2007 - 11:00pm
By Nathan Sermonis
New development in Collegetown may come to a halt for the next year as City officials discuss a proposed moratorium for the area.
After a unanimous decision by the City’s Planning and Economic Development Committee last week to pass the moratorium, Common Council members are preparing to make the final vote.
If passed, the measure would mean no new proposals for development in Collegetown would be accepted for a period of 12 months. Exceptions, however, would be made for minor alterations of existing buildings within the affected area and for owners able to prove financial hardship as a result of the moratorium.