Title
Eastland Mall Redevelopment
Action
Action:
Authorize the City Manager to negotiate and approve a pre-development agreement with the selected development team and reimburse 50 percent of the costs associated with the activities described in the agreement, up to a maximum, aggregate reimbursement of $250,000.
Body
Committee Chair:
James Mitchell, Economic Development
Staff Resource(s):
Tracy Dodson, City Manager's Office
Todd DeLong, Economic Development
Explanation
* The City purchased approximately 80.4 acres of the former Eastland Mall property in August 2012 as an opportunity to aid economic development and neighborhood revitalization in the area. Eastland Mall was demolished in 2013.
* The redevelopment principles created by the Eastland Area Strategies Team help guide the redevelopment of the site:
* Enhance the perceptions of the Eastland area and East Charlotte,
* Unify local communities,
* Create connectivity and walkability for surrounding neighborhoods,
* Take advantage of natural features,
* Create opportunity for civic development, and
* Increase equitable economic development.
* On April 26, 2016, City Council approved the sale of 11.4 acres of the former Eastland Mall property to the Charlotte Mecklenburg Board of Education for the construction of a new school. The new, K-8 school opened in August 2018 and expands capacity for the Spanish language immersion magnet program.
* In June 2017, the Economic Development Committee (Committee) provided direction to seek a private development partner prior to engaging in additional site preparation work.
* On March 26, four development teams interested in partnering with the City presented general development concepts to the Committee.
* An evaluation team comprising multiple City departments (Engineering and Property Management, Planning, Design and Development, CATS, and Economic Development), as well as Mecklenburg County, assessed each team based on their experience and ability to deliver...
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