“I think they’ll do justice to the theaters and area,” Herron said afterward.

There are still some big unknowns. For example, Exact Managing Partner Craig Livingston at the start of Tuesday’s meeting said the development will have some solid financial backing — he dropped possibilities like JP Morgan Chase and Goldman Sachs — but may seek a local tax break.

“We’re working on our financing plans,” Livingston said. “We expect to be paying some sort of taxes. I expect we’ll negotiate it.”

Ganim on the campaign trail in 2015 criticized such tax deals made by then-Mayor Bill Finch. Gill said any tax incentives would need future council approval.

Councilman Scott Burns, a budget committee chairman who sat in on Tuesday’s meeting, afterward said: “I’m sure they’re (Exact) going to ask for something. That said, they do seem to be a strong, well-organized business and were far more impressive (than the competition). They really seemed to have their act together.”

Livingston also emphasized to the committee that while Exact is renovating a theater in Harlem, the firm’s experience is in residential properties, so the Majestic would be deeded back to the city to then find a tenant.

“We won’t have much to do with it because we don’t have the on the ground knowledge” of the local arts scene, Livingston said.

Some critics have complained the local arts community was left out of the bid review process for the theaters.

Council members pushed Livingston to find jobs for city residents, particularly minorities.

“This is a point of pride for us — something we want to do,” Livingston said. He added it should be easier for Extent to do so because “most of what we build is non-union.”

That might not go over well with labor leaders who endorsed Ganim in 2015. Glenn Marshall, head of the New England Council of Carpenters Local 2010, hoped the mayor would “encourage” Exact to use unionized labor.

“We have a lot of local Bridgeport residents, many of which are minorities,” Marshall said Thursday.

Several residents observed Tuesday’s contracts committee discussion, including Bob Keeley, a former state representative who is running for City Council.

“This is a rush job,” Keeley interjected at one point, adding later: “This was done … for Joe Ganim for governor.”