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Council consents to Municipal Management District for Jones Avenue redevelopment site
Summary
The council approved consent for a Municipal Management District (MMD) covering roughly 6 acres on Jones Avenue after staff explained the MMD process and owner representatives described a proposed $300 million investment; council requested board bios and additional affordable-housing discussion in follow-ups.
City staff described Item 0.23, a consent action allowing a Municipal Management District (MMD) to be established for a roughly 6-acre site at Kathna Street and West Jones Avenue; staff explained the district's legal mechanics (ability to levy property assessments, issue bonds, and finance infrastructure) and that the state legislature authorized the district in 2023.
Owner representative John Weekend told council the project aims to activate a long-vacant riverfront frontage and connect Pearl and museum areas. Counsel Paul Halllord described comparable MMD use in other cities and explained that the district levies its own taxes to fund infrastructure. Councilmembers raised inclusion and affordable-housing criteria and asked staff to provide backgrounds for the owner-appointed board members; the council voted to approve the consent item by voice vote.
