Seeks insight from internal staff as well as other redevelopment professionals, community leaders, downtown property owners, and developers.
(Mountain Lakes, NJ, April 8, 2016) — Downtown professionals and city leaders discouraged with lackluster RFP responses or development agreements, which have fallen through can look to Palatka, FL, for inspiration.
The city’s riverfront park and marina redevelopment plan was completed in 2004, but never adopted. Municipal officials hoped the downtown waterfront location of two blocks adjacent to a city park would attract mixed-use development projects.
Instead, the developer chosen for the riverfront project in 2006 withdrew in 2007; a second developer, chosen in 2007, withdrew from the project in 2011; and a third RFP process in 2012 attracted only two incomplete proposals.
The city’s Community Redevelopment Agency (CRA) found that efforts to re-purpose the 2.5 acres was hindered by:
Details on the actions that moved the project into active redevelopment are covered in the April issue of Downtown Idea Exchange.
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About the Downtown Research & Development Center
For over 50 years, the Downtown Research & Development Center has acted as the information clearinghouse on practical strategies and tactics for revitalizing the hearts of our cities and towns.
The Group\'s main activities include publishing the widely influential Downtown Idea Exchange and Downtown Promotion Reporter newsletters; publishing relevant books and reports; and operating the DowntownDevelopment.com website.
Website: http://www.DowntownDevelopment.com