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EDA and city staff outline Coliseum demolition, convention-hotel and GRTC transit-hub plan; committee forwards two redevelopment agreements
Summary
Economic Development staff presented a phased city-center plan focused on Coliseum demolition (with potential underground parking), a convention-center hotel and a new GRTC transit hub; the committee voted to forward two related ordinances to council and asked for regular schedule updates on consultant findings and financing.
City economic-development officials told the Finance & Economic Development Standing Committee they are advancing two redevelopment agreements tied to the Coliseum parcel and a city-owned site at 500 North 10th Street as initial steps in a phased city-center redevelopment strategy.
Angie Rogers, director of the Department of Economic Development and executive director of the Economic Development Authority (EDA), described a three-piece approach: demolish the existing Coliseum while preserving foundation elements that could allow underground parking; kick off a…
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