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West Falls Project
Past Meeting Videos & Materials
Community Meeting Extra Materials (February 2017)
Commercial or Economic Development
Commercial or Economic Development
PowerPoint Presentation
(13 slides)
Video
(topic starts at about 00:55:30)
Up to 10 acres of development is possible, depending on which option is pursued
Four potential develop-able parcels
Tax yield:
$400,000 to $500,000 per developed acre
$4 million to $5 million in annual taxes could finance $50 million to $80 million in debt, depending on financing terms
Building heights similar to recent projects in the City; actual uses and density will be set by the City through land entitlement process
Development could include a hotel, office space, retail, entertainment, and/or residential
Development could complement the school campus; examples:
Conference facilities shared between a hotel and schools
Shared parking for school events
Central office space in a larger building
Shared ice rink, pool, plaza, open space, or performance space
Background
Affordability
Option 1: Renovation & Addition
Option 2: Build New in Two Phases
Option 3: Build New in One Phase
Commercial or Economic Development
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