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.