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Committee briefed on planned purchase of 13305 Montford Drive for Central Park in Valley View Galleria; acquisition funded by 2024 bond
Summary
The committee discussed an upcoming council consideration to acquire about 79,933 square feet at 13305 Montford Drive for a future Central Park in the Valley View Galleria area; staff described funding sources, due diligence and that park operation funding is not yet allocated.
The Economic Development Committee received a briefing on March 3, 2025, about a planned acquisition of approximately 79,933 square feet of commercially improved land at 13305 Montford Drive for a future Central Park in the Valley View Galleria area. Staff said the acquisition is funded primarily by Proposition B in the 2024 bond program, which earmarked $20,000,000 for land acquisition in the International District.
Kevin (last name given in the packet as Smith, and addressed in discussion as Kevin Spath in his role) and other staff described the site27s history, ongoing city efforts to enable redevelopment in the Valley View area and the status of negotiations with private owners. Staff said redevelopment of the broader Valley View Galleria…
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