The City Council will hear more about private development proposals for the High Rock parking lot site when it meets with its technical advisory committee on Thursday, Feb. 25.
The advisory panel was appointed by the council last fall, after the city received two proposals from private developers interested in doing a mixed-use project that would include a public parking garage at the site, just a block off Broadway, behind City Hall.
The advisory committee will present its findings at 5:30 p.m. that day in the City Council chambers.
The city is reviewing proposals from Paramount Realty Group of Syracuse and Hyman Hemispheric/Sequence Development of Voorheesville that were submitted last September. Both proposals would include at least 600 new parking spaces, and also a combination of residential or commercial uses. The 2.6-acre property would be either sold or leased to the developer by the city. The city has had the property appraised as being worth $2.9 million.
The technical review committee, with one person appointed by each of the five City Council members, has been meeting since November to go over the details of the proposals.
Mayor Joanne Yepsen said no decisions will be made the night the council meets with the committee.