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Downtown urban renewal budget funds housing, parking upgrades and ice-rink study
Summary
Urban renewal staff highlighted a mixed-use housing project at Fifth & Forest, a plan to redevelop the Bank of America parking lot to add roughly 40–45 public spaces, an ice-rink feasibility/design phase, and continued funding for the downtown Main Street program.
Urban renewal staff and program managers described how the Downtown Urban Renewal District budgets will support housing, parking and downtown activation programs in FY25–26.
Staff said the downtown housing development fund includes about $1 million budgeted to support an anticipated mixed-use project in the Fifth and Forest area that would combine first-floor commercial space with roughly 25 apartment units above. The housing fund amount is intended to support a project…
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