The plans for the Berkshire Innovation Center have hit a number of financing snags.
On Tuesday, the City Council was informed that the city did not receive a grant from the U.S. Economic Development Agency which was eyed to improve the gateway to the William Stanley Business Park and the Berkshire Innovation Center. The news is on top of a still dormant funding gap for construction, penned at $3 million, which delayed construction.
Mayor Linda Tyer is "confident" the city will win a grant to improve the intersections on each side of Woodlawn Avenue.
The City Council approved an authorization to borrow just over $2 million for to renovate the intersections of Woolawn and East and Woodlawn and Tyler Streets.
Bridge completion, breaking ground on BIC, three current tenant prospects and a new outreach campaign are among the pieces in play for the Pittsfield Economic Development Authority this year as it continues the ongoing slog to build up the William Stanley Business Park.
Identities of the three prospects that have emerged in recent months are being kept private for now, but discussions with them are ongoing, according to PEDA Executive Director Corydon Thurston.
At it's opening meeting of 2016, the Executive Committee of the Pittsfield Economic Development Agency examined new directions, upcoming changes and its overall role going forward in conjunction with start of Pittsfield's first four-year mayoral term under Mayor Linda Tyer.
"The new mayor has an overwhelming desire to see that all our economic development efforts are going in the right direction, and to create a creative, unified effort to that end," said PEDA's sole full-time employee, Execu