j. Improves public open spaces, public parks or other public amenities.

Community Redevelopment Board · 2026-06-02 · agenda_item

The Community Redevelopment Board is considering a business development project that aims to improve public open spaces and amenities. This project is intended to increase employment opportunities, retain existing jobs, and boost economic activity within the area. The project involves the redevelopment of a specific property parcel that would participate in a Tax Increment Rebate program. This program offers financial incentives to the award recipient based on the incremental development value of the project over a period of up to 15 years. The scope of work would likely include site preparation, construction of public amenities, and potentially new business infrastructure. Contractors, suppliers, and service providers are encouraged to engage early, as this project is currently under review and details regarding site plans, bids, and permits are still being determined. Early involvement can provide a competitive advantage as the project progresses.

fifteen (15) year period

15 year

up to 90%

90 %

70%

70 %

15 years

15 year

2044

2044