DEPARTMENT: Center City Development & Operations
DEPARTMENT HEAD: Lori Houston
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT: Hemisfair Park Area Redevelopment Corporation Authority to Solicit Public-Private Partnerships (P3s)
SUMMARY:
An ordinance authorizing Hemisfair Park Area Redevelopment Corporation (HPARC) to solicit for Public-Private Partnership (P3) interest on two parcels of land located within Hemisfair Park and owned by the Hemisfair Park Public Facilities Corporation (Hemisfair Park PFC).
BACKGROUND INFORMATION:
The Hemisfair Park Area Redevelopment Corporation (HPARC) was established in 2009 to manage and oversee the redevelopment and management of Hemisfair. On December 5th, 2013, the City Council approved a transfer of 14.45 acres of land to the Hemisfair Park Public Facilities Corporation (Hemisfair Park PFC) for the purpose of facilitating development on that land, consistent with the City Council approved Hemisfair Master Plan. The Master Plan contemplates the development of mixed-use vertical structures at several sites on the 14.45 acres now held by the Hemisfair Park PFC. This item will authorize HPARC to solicit requests for qualifications and development proposals through Public-Private Partnerships (P3s) on two specific sites that make up approximately 2.48 acres of the 14.45 acres that were transferred by City Council to the Hemisfair Park PFC.
Construction of the public amenities within the southwest corner (currently referenced as Yanaguana Garden) is expected to begin in July 2014 with a Spring 2015 completion. The improvements to this area include open park space, plazas, climbing structures, water and sand elements, and a shaded promenade connecting the elements. Two vertical mixed-use developments are envisioned adjacent to the Yanaguana Garden on property that was transferred to the Hemisfair Park PFC.
HPARC intends to begin a P3 process for the two projects adjacent to the Yanagu...
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