TO: Mayor and Members of City Council
THRU: Jay Reinstein, Assistant City Manager
FROM: Cynthia Blot, Economic & Community Development Director
DATE: August 6, 2018
RE:
Title
Update on Catalyst Site 1 Activities
end
COUNCIL DISTRICT(S):
Council District(s)
District 2
b
Relationship To Strategic Plan:
Goal 2: Diverse & Viable Economy
Executive Summary:
This is an update on the status of the acquisition property in Catalyst Site 1. The attached map shows the boundary of the area and parcels owned by the City.
Background:
In January 2013, the City began acquiring property in Catalyst site 1 of the Murchison Road Development Plan area. The acquisition of property is complete.
In November 2016, an Economic and Business Development Strategic Action Plan was completed by Red Rock Global. The Plan identifies four pathways, four focus areas and a number of action steps listed below.
Four Pathways:
1. Quality Education/Schools
2. Large Scale, High Quality Active Recreational spaces
3. Drive More People Downtown
4. Focus Development, Marketing and Public Spending
Focus Areas
Status
Activities
1. Upper Murchison Road (I-295 to Country Club Dr., Bragg Blvd to Ramsey St)
a. Large scale master planned development with retail, a sports complex, and hospitality.
Partially Complete / In Process
FCEDC is working with private property owners, the City, County, and Mayor's coalition to identify and bring to market new development opportunities. 135 acres have completed due diligence and 750+ acres have been identified as potential sites for development, with interested property owners.
2. Lower Murchison Road (Country Club Dr., to intersection of Bragg Blvd and Rowan Street)
Ongoing
Property Acquisition Complete on Catalyst Site 1. Reviewed other options for land acquisition on surrounding sites. Issued a RFP for consultant expertise in validating community interest, site limitations and developer interest to move towards siting a catal...
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