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West Palm Beach CRA advances draft ITN to solicit developers for Broadway Boulevard parcels
Summary
Kelsey King, the CRA's project manager, presented a draft Invitation to Negotiate to solicit developers for seven CRA-owned parcels on Broadway Boulevard, proposing a two-step selection process and an anticipated schedule that would culminate in board selection in May.
Kelsey King, the Community Redevelopment Agency's project manager for redevelopment, presented a draft Invitation to Negotiate (ITN) on Nov. 10 that would seek developers for seven CRA-owned parcels along Broadway Boulevard. King framed the ITN as a two-step selection process that first prequalifies developer teams on financial capacity and experience, then solicits conceptual development proposals and site plans.
"Our proposed approach towards this ITN will be a 2 step process," King said, summarizing staff's selection framework. The ITN would request two years of externally reviewed financial statements or, if none are available, a bank letter stating estimated…
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