Under the plan, the city and state would form a local development corporation.
They have already turned down a $30 million offer from the development corporation.
Under the plan, the state would allow the city to create a new local development corporation.
He said the development corporation may hold a public hearing on the matter.
The development corporation has not set a date by which a decision would be made.
Nothing will go into the development corporation's budget, he added.
But evidence of the development corporation's efforts is taking shape.
By 1956 the development corporation described the area as complete.
Officials at the development corporation said the case was still active.
The board of the development corporation will cast a final vote on the project in the fall.
