Item B: Review of West Broadway Request for Qualifications Responses

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2. Evidence of financial capacity to implement the proposed concept 3. Track record of completion of similar projects within budget (or with modified budgets or financing) E. Public Benefit 1. Cohesive, comprehensive concept with multiple properties, high density and complete block faces 2. Efficient use of public resources 3. New tax increment revenue resulting from the redevelopment 4. If housing is proposed, inclusion of mixed income units 5. Job creation within the redevelopment area F. Consistency with City Policies and Goals The development objectives stated in the RFQ highlight the opportunity for new structures, uses and activities in this vital area of downtown. The overall concept for the redevelopment area focuses on a vision for dense, multi-story, mixed-use, urban development. The mix of uses identified in the RFQ development objectives includes a broad range of downtown urban activities such as retail, residential, office, hotel, theatres and restaurants. The need and demand for high-density housing with a range of ownership, rental and mixed-income options is emphasized in the development objectives. Strong urban design, including multi-story structures with appropriate scale, orientation and design is also desired. The RFQ responses have been evaluated based on the above RFQ evaluation criteria. The responses were reviewed by a Community Development staff team, an inter-departmental staff team, and the Eugene Redevelopment Advisory Committee (ERAC) department advisory committee. Staff also presented to and received feedback from the Planning Commission, the Downtown Eugene, Inc. board of directors, and other City departments. ERAC was expanded specifically for review of the RFQ responses to include representation from the arts (Tina Rinaldi), a Broadway tenant (Beth Little/Saturday Market), and a Downtown Vision Committee member (Greg McLauchlan). Minutes from the ERAC meeting are included in Attachment D. ERAC concluded that KWG had the strongest response to the objectives and criteria in the RFQ. The committee also expressed interest in the re-use potential of the Washburne and Centre Court buildings proposed by Beam. ERAC unanimously recommended that staff explore further the KWG and Beam responses. After the ERAC recommendation, staff met with both development teams to discuss the issues raised and provided a memorandum to ERAC summarizing the discussion and findings. The memorandum is included in Attachment E. Additional background information is included in the November 27, 2006, Agenda Item Summary (see Attachment F). RELATED CITY POLICIES Future redevelopment of the West Broadway Redevelopment Area is consistent with the policies and implementation strategies included in the Downtown Plan, including: Downtown development shall support the urban qualities of density, vitality, livability and ? diversity to create a downtown, urban environment. Actively pursue public/private development opportunities to achieve the vision for an active, ? vital, growing downtown. L:\CMO\2007 Council Agendas\M070312\S070312B.doc