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EURA UGENE RBAN ENEWAL GENCY AIS GENDA TEM UMMARY Workshop: West Broadway Project Meeting Date: November 27, 2007 Agenda Item Number: B Department: Planning and Development Staff Contact: Denny Braud www.eugene-or.gov Contact Telephone Number: 682-5536 ISSUE STATEMENT This workshop will be focused on potential next steps for the West Broadway redevelopment area. The workshop will include a presentation and discussion of several options which the Urban Renewal Agency Board (URA) could consider. BACKGROUND The URA issued a Request for Qualifications (RFQ) for the redevelopment of West Broadway in December 2006. (See Attachment A - West Broadway Redevelopment Area Map.) The URA selected Beam Development and KWG Development Partners as qualified development teams and directed staff to initiate actions related to agreements with the developers. The URA also provided direction to establish a West Broadway Advisory Committee (WBAC) to work with a qualified urban planner/facilitator and the developers; and to identify preferred design elements, mix of uses, public open spaces, options for parking, as well as a transition plan for existing businesses. The WBAC recommendations were presented to the URA on September 19, 2007. The URA took action on the recommendations on September 24, 2007. On August 13, 2007, the URA approved an amendment to the Downtown Urban Renewal Plan to increase the spending limit in the Downtown District by $40 million. Following approval, an effort to refer the amendment to the voters began. The URA then took action on August 15 to place the increased spending limit on the November 6 ballot (Ballot Measure 20-134). The ballot measure failed, with 63 percent opposed to the spending limit increase. (See Attachment B for complete project history.) The proposed $40 million increased spending limit was initiated to support the comprehensive redevelopment of West Broadway based on the Beam and KWG concepts. Given the failure of the ballot measure, staff has identified several options regarding potential next steps for West Broadway. A summary of options is included in Attachment C and a summary of funding sources is included in Attachment D. The range of options that have been identified capture a variety of possibilities, and each option has different strategies that could be employed. Because this is not an exhaustive list of all possible options, the URA may have others that could be added and discussed. The URA will consider next steps at the December 10, 2007, work session. RELATED CITY POLICIES Future development of West Broadway is consistent with the policies and implementation strategies included in the Downtown Plan, including: F:\CMO\2007 Council Agendas\M071127\S071127B.doc