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~ We are already in construction drawings at this time and preparing for a <br />year-end bidding of the project, so embarking on a redesign of the <br />currently planned 80% of the site would not be economically feasible. <br />However, as I indicated earlier, housing of one or more stories above a <br />retail/commercial base footprint is an acceptable use of the remaining <br />opportunity site, possibly in a joint venture with the Salem or Marion <br />County Housing Authority and Urban Renewal. It will, however, be up <br />to the private sector market to determine whether or not that is the <br />highest and best use of that parcel. <br />Thank you for conlmunicating your Board's interest and opinion to us. <br />Si cerely, <br />' ~. <br />~ <br />Luis B. Caraballo <br />President <br />Cc: Salem Mayor and Council <br />Marion County Commissioners <br />