PRESENTER: Presenter
Andrew Knudtsen, Managing Principal - Economic & Planning Systems, Inc.
Colton, Harguth - Economic & Planning Systems, Inc.
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SUBJECT: Title
Presentation, discussion and direction on the future development of the Gruene 16 property owned by the Economic Development Corporation
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DEPARTMENT: Economic and Community Development
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COUNCIL DISTRICTS IMPACTED: 4
BACKGROUND INFORMATION:
At the NBEDC Workshop meeting on June 15th, 2023, the Board was introduced to a process to undertake predevelopment and feasibility work for the eventual development of the Gruene 16, Block 1, Lots 1-3 property. This property was purchased by the NBEDC in 2016 for HD Supply’s planned expansion, which did not occur. The described process works with key stakeholders to conceptualize the project and objectives, develop a basic “vision” for the project, determine the market demand for the project as envisioned, and develop high level building and infrastructure budget estimates to determine the overall feasibility of the development concept(s) that receive the most support. This is intended to be the first steps in the feasibility and development concepts stage, with a second stage proposed to ultimately solicit a developer and negotiate a development agreement to bring the project to fruition. The NBEDC Board directed staff to move forward with the proposal.
The NBEDC Board, at its regular meeting on August 17, 2023, approved an expenditure to Economic & Planning Systems, Inc., to begin the planning for a possible public/private partnership addressing the Gruene 16 property.
This workshop will be facilitated by EPS, Inc. and will address objectives for the site, identify key questions for additional research, and establish parameters for the next steps of the potential public/private partnership.