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Staff outlines Imperial Redevelopment Project acquisition plan, $50 million CO proposal and next steps
Summary
Redevelopment staff presented background, case studies and a proposed acquisition strategy for the Imperial Historic District, including a certificate of obligation ceiling of $50 million for acquisition and preservation, a multi‑step implementation plan and an April–May timeline for council and closing actions.
Redevelopment staff presented a workshop on the Imperial Redevelopment Project and outlined the city’s planned steps to pursue acquisition of the Imperial Historic District, stabilize the Char House, develop a market‑supported implementation plan, and select a master developer to complete long‑term redevelopment.
Staff said the Imperial site has been a city priority for two decades and that multiple private developer attempts failed to deliver a complete redevelopment. The presentation described staff visits to comparable projects (the Bell District in Cedar Park and the Mueller development in Austin) to draw lessons on land assembly, city roles, master‑developer partnerships and the need for adaptable design and interim activations.
Key recommended actions included acquiring the land parcels in the historic district, assembling a team of…
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