Washington State– The city of Tacoma has issued a request for proposals (RFP) from developers to provide ideas for entertainment and retail on a 10.6-acre site. The unused plot of land next to the Tacoma Dome currently serves as a parking lot and some vacant parcels running parallel to Interstate 5. Minimum offers must include at least $8 million for the land as well as include ways to replace 594 parking spaces that would be lost with any development of the property.
Proposals will be accepted through May 8. Once a project is selected this summer, the city will then enter exclusive negotiations with the proposed developers for up to nine months to hammer out details, timelines and permitting options before final approval from city council members.
Nebraska– On May 15, Omaha Public School’s (OPS) voters will decide whether to approve a $409.9 million Phase 2 bond issue. A major portion of the funding would be earmarked for building additions and new schools to relieve crowding at places like Highland and Spring Lake elementary schools and Lewis and Clark Middle School. Students are dealing with overcrowded classrooms, poor insulation from the cold, rodents, insects and rain. There are now roughly 226 portables spread across the district. The bond will help reduce, but not eliminate, the district’s use of portable classrooms. The district has been able to get rid of roughly 99 portables and that number would shrink to 65 if the bond is approved.
The district has already spent millions on school security features, renovations and rebuilding several older schools after voters approved a $421 million bond measure in 2014. Phase 2 revolves around creating more space by building new schools and expanding existing ones, especially in growing parts of the Omaha Public Schools district. Lewis and Clark, which has eight portables, would get a 15-classroom addition. Nine classrooms would be added on to Morton Magnet Middle, which has 13 portables outside. Two new high schools proposed for far northwest and South Omaha are pitched as relieving overcrowding at schools like South, Bryan and Burke. Bryan currently uses 13 portables, and Burke has 10.
Maryland– Properties that are located in Baltimore’s Market Center National Historic District are for sale and development. The city is seeking a developer to buy and make over the following vacant properties:
-114 W. Lexington Street with land area of 1,793 square feet and a 3-story structure.
-116-120 W. Lexington Street with land area of 4,027 square feet and a 3-story structure.
-207-209 Park Ave. with land area of 912 square feet and a 4-story structure.
The Baltimore Development Corporation’s (BDC) request for proposals (RFP) states that respondents may bid on the entire offering or parcels on an individual basis, but redevelopment of all properties by a single team is preferred. The site is eligible for the 10-year High Performance Tax Credit for market-rate rental housing and is located within the city’s Enterprise Zone. The properties may also be eligible for the Commission for Historical and Architectural Preservation tax credit for historic rehabilitations and restorations, as well as for several state and federal tax credits. The BDC will hold a pre-proposal conference on-site at 114 W. Lexington Street at 10 a.m. on March 13.
Texas– The Capitol Complex Master Plan in Austin is taking place in three phases and will consolidate several state agencies within the 50-block Capitol Complex area. The state’s Partnership Advisory Commission recently signed off on the public-private partnership (P3) policy for the plan. The first phase is estimated to cost $581 million and will add about 1 million square feet of office space, a five-level underground parking garage and a grassy open-air mall on Congress Avenue between the north steps of the Texas Capitol and Martin Luther King Jr. Boulevard.
The Texas Facilities Commission has outlined two new office buildings in the project: a 14-story office tower with 600,000 square feet of office space and a 12-story, 400,000-square-foot building. Joint projects with private companies or a public entity will be vetted early through the city and state channels based on a value-for-money proposition. A developer would have to deliver a project that can be done better or more economically than the state. Revisions to the preliminary P3 policy are published on the Texas Facilities Commission website.