$290 million plan proposed for Omaha’s Riverfront Revitalization

Nebraska– Omaha’s Riverfront Revitalization Planning Committee is proposing a $290 million plan to revitalize the city’s downtown riverfront. The master plan includes a walking promenade stretching to the Missouri River, spacious lawns, an ice skating rink, water plaza and dog park.

 

The project will create a 90-acre park along the Gene Leahy Mall and river, from the marina near the Bob Kerrey Pedestrian Bridge south to The Breakers apartment complex at Leavenworth Street. The city’s philanthropic community has verbally dedicated more than $150 million and the city plans to issue $50 million in lease-purchase bonds for the project. Construction will depend on permitting and approvals but could begin as early as mid-2019 with estimated completion in 2022.

UConn Health seeks P3 to increase financial security

Connecticut– The University of Connecticut (UConn) Health Center, UConn Health, expects to begin mid-negotiations with a public-private partnership (P3) by September 2018. UConn Health is the branch of the university that oversees clinical care, advanced biomedical research and academic education in medicine. The system includes the 234-bed John Dempsey Hospital, a medical group and medical and dental schools. The system intends to issue a request for proposals for a financial consultant to help it assess the market and manage the process of soliciting and analyzing proposals from potential partners.

 

The academic medical center is exploring a P3 to attract more faculty and students, increase patient volume and achieve financial security. The P3 will also deliver on a promise of Bioscience Connecticut, a plan in conjunction with the state to renovate UConn health facilities and improve research capacity. Plans for the partnership come after projected budget deficits the past few years.

CRA ready to begin second phase of Marina Village project

Florida– The Riviera Beach Community Redevelopment Agency (CRA) has issued a request for proposals (RFP) for a master developer for Phase II of the waterfront Marina Village. The Riviera Beach Marina Village is a 23-acre area between the Intracoastal Waterway and U.S. Highway 1. The city and CRA have spent about $35 million on this site in preparation for redevelopment. Plans for the second phase call for a mixed-use project that includes a hotel, additional restaurants and shops that will sit on about 6 acres located within the interior of the district, which fronts the marina.

 

A pre-submittal conference, which is mandatory for anyone submitting a proposal, is set for May 14 at the Marina Event Center. The RFP is due by May 31. In May 2017, the Riviera Beach CRA adopted new objectives that reset Marina Village’s master plan to clarify the city’s interest, plan, approach and priorities. The CRA is now seeking a development partner with experience and a successful track-record in planning, designing, constructing, leasing, operating and marketing mixed-use real estate ventures. The goal is to open the second phase by the spring of 2021.

City of Tacoma issues RFP for development on 10.6-acre site

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.