Sweetwater workshop leaves key park and valuation terms unresolved for Flaggl er Center master agreement

A City of Sweetwater workshop on April 2, 2020, brought city commissioners, staff and the developer of the proposed 104‑acre Flaggler Center District together to work through outstanding terms in the master development agreement, but left park valuation and financing unsettled.

The applicant’s representative, Alejandra Adios, described the project as a roughly $4.5 billion mixed‑use development with about 6,000 residential units, 2.2 million square feet of commercial space, a 250‑room hotel and a 1,200‑person convention center. "This will serve to generate over 28.7 million in annual city revenue upon full buildout of the project," Adios said during her presentation as she reviewed the changes in the most recent iteration of the draft MDA.

Project proponents and staff also identified public benefits the developer has offered, including reservation of 100,000 square feet for potential municipal use, right‑of‑way upgrades including work on 112th Avenue and a new bridge, and between two and seven acres of contiguous parkland with a minimum two‑acre commitment.

Much of the workshop centered on the mechanics of acquiring and valuing parkland and…