In other business, the Berkshire Innovation Center is on pace for an October opening. The research and development center broke ground in September and now has a new executive director on board in Ben Sosne.
In less than 24 hours, Coakley presented to two different city boards on his work over the last year or so. The business manager is tasked with helping to bring companies to the city and helping local ones grow.
Construction on the Berkshire Innovation Center is ramping up, according to Executive Director Scott Longley.
"We are literally within weeks of starting to frame interior walls. The momentum and the progress of the BIC construction have definitely begun to pick up," Longley told the Pittsfield Economic Development Authority on Wednesday.
The site of a proposed Walmart Supercenter will be back on the market following a year of inactivity.
Pittsfield Economic Development Authority Executive Director Corydon Thurston said since Walmart pulled out of the plans developed by Waterstone Retail to redevelop the 16.5-acre site at the William Stanley Business Park there hasn't been any new activity. PEDA has signed an agreement holding the property for the developer for a year and that expires on Saturday.
An urgency to develop the William Stanley Business Park continues to grow as another year has gone by without a significant windfall of income for the Pittsfield Economic Development Authority.
PEDA has been spending approximately $305,000 in General Electric settlement money per year to supplement its operations. That account has dwindled down over the years without a significant boon in revenue to replenish it and if the current trends continue, PEDA will be out of available funds by 2024.
PEDA approved a series of agreements on Wednesday, which is hoped to tie up the legal documentation required for the Berkshire Innovation Center.
The Pittsfield Economic Development Authority has long had a ground lease in place for the Berkshire Innovation Center. But, as the project has evolved, the roles of various parties had altered - thus the required paperwork changes were needed to align.
With commitments from the state, city, and the Pittsfield Economic Development Authority, a project $3 million funding gap is reportedly now closed. Officials from all three agencies are now finalizing the legal documents and agreements.
A group of residents has petitioned the City Council to have police officers do regular foot patrols.
Will Singleton presented the petition to the City Council on Tuesday. He believes regular walking patrols will greatly improve officer's relationship with the residents.
PEDA will help close an operating funding gap for the Berkshire Innovation Center.
The Pittsfield Economic Development Agency pledged a grant of up to $300,000, subject to negotiations, to keep the BIC operating in 2018 and in hopes of releasing the state's commitment for construction.
Waterstone fully intends to move forward with a development at the William Stanley Business Park.
The company has spent five years and hundreds of thousands of dollars designing the project, which had been aimed at bringing a Walmart Supercenter to the site 16.5-acre site known as the teens.
Waterstone Retail has filed its request for a special permit to build a 196,000 square-foot Walmart Supercenter at the William Stanley Business Park.
The developers signed a letter of intent to purchase the 16.5-acre parcel known as the "teens" at the intersection of Tyler Street Extension and Woodlawn Avenue.
The city is putting forth $1 million from the G.E. Economic Development Fund to jumpstart the stalled construction of the Berkshire Innovation Center.
The City Council unanimously approved using the money to help cover a $3 million funding gap for a 20,000 square-foot facility at the William Stanley Business Park. The remaining $2 million is expected to come from the state.