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FRANKLIN The developer of the proposed $30 million Artessa apartment project in Cool Springs may re evaluate the project if the city requires it to pay more than $1.2 million in fees and traffic signal installation costs.Apartment developer Embrey Partners last year gained city approval to move forward on building a 250 unit apartment development on land between the Windcross Court cul de sac off Cool Springs Boulevard and Jordan Road. Construction could start by April.Getting the project approved took months of revising details between city planners and wary Jordan Road neighbors.Now, Embrey officials say they face a financial challenge to install the required traffic signal at a cost of $384,250 and pay more than $690,000 in city road impact fees. Embrey, a San Antonio based development company, is also in the midst of developing a multifamily projectwith the new Nashville Sounds baseball stadium.Brad Knolle, Embrey senior vice president of development, said this week the city imposed costs were hefty enough to prompt serious internal discussions among company officials about moving forward on the project. Knolle said he wants to break ground in April."It is pretty significant," Knolle said about the work. "I don't want to say that we're going to walk. There will be other issues that will come up, looking at the overall total economics of the project. It causes us to pause."Embrey officials say they believed they would be eligible for a credit on the traffic signal installation fee after being told by a former Franklin staff member that would be the case.However, Lacoste Black T Shirt

remained divided about whether to credit the company for the full cost of the traffic signal, some of the amount or require that Embrey pay for the signal without any credit whatsoever.Aldermen Beverly Burger and Pearl Bransford support a plan that would reduce some of the cost Embrey might pay. But others, such as Mike Skinner and Clyde Barnhill, fear that making an exception for Embrey would establish a precedent.

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and the company ought to pay.But city aldermen this week Polo Golf Clothing Uk

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´╗┐Apartment developer balks at Franklin fees

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