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Redevelopment Site Analysis <br />A core undertaking of the Task Team was to identify and evaluate <br />potential sites for redevelopment as part of the larger resource <br />set. The primary focus for these efforts was identifying parcels <br />with the greatest redevelopment potential along transportation <br />corridors, with a secondary focus on areas outside these <br />corridors but which hold strong real estate opportunities. <br />The process to identify potential sites included a number of steps. First, during Task Team <br />Meeting 1, the group identified candidate sites. Second, these sites were plotted by UO <br />CPW and UO Infographics Lab teams, then run through an initial site assessment to evaluate <br />the redevelopment suitability for each site. Third, a subgroup of real estate professionals <br />provided additional sites and comments on the initial candidate sites. Fourth, all of the <br />sites were overlaid with the existing State of Oregon Brownfields sites to determine where <br />City Brownfields funding could be utilized. Fifth, the top priority sites were run through a <br />redevelopment pro-forma tool that was designed by a subgroup of the Envision Eugene <br />Technical Resource Group, which included public and private members representing policy, <br />real estate, development, and land conservation. <br />The outcome of this process was presented to the Task Team at Meeting 3, where candidate <br />sites market redevelopment potential were evaluated. In every instance, the type of project <br />that is currently financially feasible was single-story retail/commercial developments. All <br />other types of project (mixed use, housing, non-strip retail, etc) require large amounts <br />public financial assistance to be financially viable. <br />Scenarios were run utilizing the impacts of MUPTE: Multiple Unit Property Tax Exemption <br />(lower operating costs), City of Eugene Affordable Housing programs (lower capital <br />requirements), and potential market improvements (increased cash flow) showing that <br />depending on the site and type of development at least one or all of these incentives or <br />conditions would be required for a successful project. <br />Due to the sensitivity of assessing non-vacant sites for redevelopment, there were only <br />a handful of these sites included in the initial assessment. The Task Team noted this and <br />recommended re-examining this as there may be reasons, such as existing brownfields, <br />impacting the marketability of vacant sites. All scenarios and maps can be found on the <br />project website. <br />TOOLBOX <br />IRVINGTON DR. <br />BE <br />L <br />T <br />L <br />I <br />N <br />E <br /> <br />R <br />D <br />. <br />WI <br />L <br />L <br />O <br />W <br /> <br />C <br />R <br />E <br />E <br />K <br /> <br />R <br />D <br />. <br />BE <br />R <br />T <br />L <br />E <br />S <br />E <br />N <br /> <br /> <br /> <br />R <br />D <br />. <br />ROYAL AVE. <br />ROOSEVELT BLVD. <br />MAXWELL RD. <br />IRVING RD. <br />H <br />W <br />Y <br /> <br />9 <br />9 <br />N <br />H <br />W <br />Y <br /> <br />9 <br />9 <br />N <br />P <br />R <br />A <br />I <br />R <br />I <br />E <br /> <br />R <br />D <br />. <br />N <br />W <br /> <br />E <br />X <br />P <br />R <br />E <br />S <br />W <br />A <br />Y <br />TE <br />R <br />R <br />Y <br /> <br />S <br />T <br />. <br />GR <br />E <br />E <br />N <br /> <br />H <br />I <br />L <br />L <br /> <br />R <br />D <br />. <br />BARGER DR. <br />W 11TH AVE. <br />W 11TH AVE. <br />6TH AVE. <br /> C <br />H <br />A <br />M <br />B <br />E <br />R <br />S <br /> <br />S <br />T <br />. <br />R <br />I <br />V <br />E <br />R <br /> <br />R <br />D <br />. <br />R <br />I <br />V <br />E <br />R <br /> <br />R <br />D <br />. <br />SE <br />N <br />E <br />C <br />A <br /> <br />R <br />D <br />. <br />EUGENE <br />BETHELAREA <br />BUILDING FOOTPRINTS <br />BETHEL STUDY AREA <br />UNKNOWN <br />UNDEVELOPED <br />DEVELOPED <br />COMMITTED OR PROTECTED <br />14 April 15, 2019, Work Session – Item 1