Title
Downtown Redevelopment Tools Update
Description
Staff will provide an overview and update to the Economic Development and Equity Subcommittee regarding two of the six Economic Development tools that are available to bring about redevelopment and new development opportunities in Downtown, and in some cases, around the City. Staff requests the Economic Development and Equity Subcommittee’s input and guidance with respect to the use of these development tools.
THIS ITEM IS FOR DISCUSSION AND POSSIBLE ACTION.
Report
Summary
Over the course of the next three meetings, staff from the Community and Economic Development Department (CEDD) will present an update to the Economic Development and Equity Subcommittee on the development and redevelopment tools available in Downtown Phoenix, and for particular programs, around the balance of the City. At this meeting, CEDD staff will be joined by the Office of Government Relations and the Law Department to discuss the Theme Park legislation and to provide an overview of opportunities relating to a Downtown entertainment "district." Staff is seeking Subcommittee direction regarding the use of redevelopment tools for the future of Downtown.
Future topics will include:
- Government Property Lease Excise Tax
- Strategic Economic Development Fund
- Historic Preservation Funding
- Infrastructure Investments
Location
Downtown Phoenix, generally bounded by McDowell Road on the north, 7th Street on the east, 7th Avenue on the west, and on the south by Grant Street.
Council Districts: 7 and 8
Department
Responsible Department
This item is submitted by City Manager Jeffrey Barton, Deputy City Manager Ginger Spencer, the Community and Economic Development and Law Departments and the Office of Government Relations.