Title
Eastland Redevelopment - Sports and Entertainment
Action
Action:
A. Authorize the City Manager to move forward with the revised proposal, the Complex that is a rethought and reimagined concept which is the result of the requested collaboration of the two previous proposals of QC East @ Eastland Yards and Eastland Yards Indoor Sports Complex for the eastern 29 acres of the former Eastland Mall site, and
B. Authorize the City Manager, or his designee, to negotiate and execute agreements for the reimbursement of costs for expenses associated with indoor and outdoor amateur sports facilities, public infrastructure, and other public improvements in an amount not to exceed $30,000,000, which will be reimbursed from a combination of Capital Investment Plan and Convention Center Tax Fund future Certificates of Participation, as outlined in the resolution adopted by City Council on June 12, 2023.
Body
Staff Resource(s):
Tracy Dodson, City Manager's Office
Todd DeLong, Economic Development
Explanation
* The Jobs and Economic Development (J&ED) Committee referred to full Council the discussion on two proposals to redevelop 29 acres of city-owned property, the eastern portion of the former Eastland Mall site. The Committee ranked QC East @ Eastland Yards as the top proposal followed by Eastland Yards Indoor Sports Complex.
* During the August 28, 2023, City Council business meeting, council directed staff to reconvene the two proposing development teams to determine if they can collaborate on a vision that rethinks the design, scale and scope for amateur sports, arts and culture at Eastland consisting of a minimum of these components: indoor facility, soccer fields, e-sports, food and retail, and such a vision that will be available for the full council review within 45 days.
* The city investment outlined above is aligned with the resolution adopted by council on June 12, 2023.
* Additional public investment may be required to support future public improvement...
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