At the April 28, 2026 meeting, Pittsburg’s Governing Body approved the Economic Development Advisory Committee’s recommendation to provide a $405,000 loan to MBL Development Company to support the Villas at Wellington Springs senior living facility on Bradshaw Way. The loan is at 1% interest, amortized over twenty years with a seven-year term, and is paired with an Industrial Revenue Bond-related sales tax exemption on construction materials, with the Mayor authorized to sign necessary documents. This indicates a supported private development project that will involve substantial construction and ongoing operations for a senior living complex. Construction, engineering, senior housing technology, healthcare service, and property management vendors can pursue subcontracting opportunities with MBL or position themselves for operational needs such as security, connectivity, medical alert systems, and facility services once the facility is built.

The project benefits from an IRB-related sales tax exemption on construction materials, suggesting s...