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CRA approves public notice to seek proposals for 551 East Sixth Street, with incentives and enforcement language discussed
Summary
The CRA board approved staff’s recommendation to publish public notice seeking proposals for the Downtown North parcel at 551 East Sixth Street; board members asked staff to structure the RFP to incentivize development and include mechanisms to reacquire the parcel if the buyer fails to deliver.
The CRA board voted to authorize publication of a public notice seeking proposals to sell CRA-owned property at 551 East Sixth Street in the Downtown North district, and members discussed using the request-for-proposal process to target development aligned with CRA objectives.
The decision matters because the disposition of CRA land can shape redevelopment patterns and leverage public investment to attract…
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