Project Summary

In November 2023, the Redevelopment Commission approved Resolution #20-2023, which authorized the Redevelopment Commission to execute the Project Agreement with Flaherty & Collins for the referenced mixed-use development located along Washington Street between 6th & 7th Street. Through utilization of tax-incremental financing, the Redevelopment Commission was approved by City Council to provide gap funding to the developer for a portion of the overall project costs, which will then be reimbursed to the Commission by the capture of tax increment revenues generated by this project over the life of the TIF.

The mixed-use project is currently undergoing design and architectural considerations, but would include:

Four to five-stories
Mixed-use with 10,000 square feet of commercial space on the 1st floor
Multi-family units on the upper floors

There are several economic benefits associated with this particular project:

Increased employment opportunities
Increased diversification of economic development in the City
Improve and promote economic stability, development and welfare in the City
Encourage and promote the expansion of industry, trade and commerce in the City and the location of other new industries in the City