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Mayor proposes RFI for two city-owned sites to spur downtown development
Summary
The mayor urged issuing a request for interest for two city-owned parcels (6th & A and the Yankee Pot Roast site) to gauge local developer interest in commercial development and potential lease arrangements; council agreed to place the item on a future workshop agenda and include the Yankee Pot Roast site in discussions.
The mayor proposed that the city put two city-owned parcels — the 6th & A properties and the 'Yankee Pot Roast' property — out for a request for interest (RFI) to assess local developer appetite for commercial development and potential long-term lease arrangements. He said the intent is to create opportunities for commercial development while allowing the city to retain a leasehold or title option for possible future municipal expansion.
Council discussed whether to include both parcels in the RFI; Rob asked that the Yankee Pot Roast parcel be part of the conversation and several councilors supported issuing the RFI and discussing lease terms (the mayor suggested a 15-year minimum lease as a possible model). Council instructed staff to add the RFI discussion to an upcoming workshop agenda for a fuller exploration of development options and financial models.
