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Council reviews draft public‑private partnership guidelines for Old Town redevelopment and RFP
Summary
Staff presented draft guidelines to allow public‑private partnership (PPP) proposals for redevelopment of the Old Town Inn site, the annex and a planned parking garage; council discussed flexibility for developers, public benefits, and financing structures and asked staff to proceed with RFP preparation.
City staff presented a draft request‑for‑proposals (RFP) and public‑private partnership (PPP) guidelines intended to broaden developer options for a planned redevelopment of the Old Town Inn property, the annex and a city parking garage site.
Why the guidelines: Staff said some components of the project (for example, the annex and a second parking garage) are expected to remain city property or require long‑term arrangements, and…
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