Item A: Downtown Financing Strategy

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available space will support a cornerstone of downtown activity and one of the most significant public event venues in the city. The Park Blocks are the historic center and most identifiable public space in downtown. For the past few years, the Farmers’ Market has expressed a need and desire to expand its offerings to maintain financial viability and potentially operate year-round.The Agency will improve the Parks Blocks in order to make that location more attractive and functional for the Farmers’ Market. th 4)VA Clinic: The 12 and Willamette site is currently owned by PeaceHealth. However, the majority of the building is now vacant. Therefore, PeaceHealth has expressed an interest in securing a tenant for this site. The Department of Veterans Affairs (VA) is currently seeking a suitable site where it can locate an expanded clinic. The Plan Area may be ideal for the VA clinic because of the central location and proximity to Lane Transit District’s Eugene Station and the Greyhound Station. The building is large enough to accommodate the size desired by the VA (an estimated 110,000 - 120,000 square feet). The site also has adequate on-site parking. PeaceHealth anticipates that the VA’s Request for Proposals to select a new site, once issued, will favor a building with modern systems and sustainable features. The PeaceHealth clinic is currently comprised of a building that was constructed in the 1920’s, 1950’s and 1960’s. Substantial rehabilitation is needed to update the buildings and to potentially make it LEED certified. A new HVAC system would replace the EWEB-supplied steam system and new energy efficient lighting would need to be installed. The new clinic will likely include a full pharmacy and laboratory. th Therefore, the Plan proposes that if the VA selects the 12 and Willamette site for its clinic, then urban renewal funds could be used to support the VA in locating downtown. The VA Clinic downtown project is supported by the Downtown Plan (Implementation Strategy D: Work with local, state and federal offices to locate, remain or expand downtown; Implementation Strategy F: Work with major medical providers to locate their facilities in and near downtown) and the Growth Management Policies. Chapter 6: Estimated Total Cost of Each Project or Activity, Sources of Money, and Anticipated Completion Date for Each Project or Activity This Report on the 2010 Plan Amendment includes a table showing the project activities to be carried out following the adoption of the amendment and the estimated cost. Table 5 shows that urban renewal financing is estimated to provide $17 million (or approximately 49%) of funding out of an estimated total of $34.5 million of public and private investment from FY2010/2011 through FY2018/2019. Table 5 lists the project activities included in the Plan. Below is a short description of each of the Plan amendment projects. 9