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Downtown Redding Revitalization

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10 Million in HUD Loans and Grants and Lease Revenue Bonds ... Downtown Mall Project by LINC Housing: Possible 5-Story, Mixed-Use Project With ... – PowerPoint PPT presentation

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Title: Downtown Redding Revitalization


1
Downtown Redding Revitalization
  • Redding Redevelopment Agency
  • May 2006

2
Redding, California
3
Downtown Redding Mall
  • Built Between 1972 and 1976
  • 10 Million in HUD Loans and Grants and Lease
    Revenue Bonds
  • Mall and Parking Structure Cover 12.6 Acres
  • 70 Percent of Existing Buildings Demolished
  • 338,000 Square Feet of GLA
  • 65,000 Square Feet of Common Area Under Roof
  • 20 Parcels and 16 Owners
  • 850 Public Parking Spaces

4
Downtown Redding Mall
5
Adopted January 2001
6
Mall Revitalization Concepts
  • Re-Open Former Streets to Through Traffic
  • Remove the Roof Structure
  • Improve the Facades of all Structures in the Mall
  • Provide a Large, Open, Civic Space in or Near the
    Mall
  • Do Not Demolish any Historic Structures in the
    Mall
  • Increase Parking Opportunities Near the Mall

7
Preferred Alternative
8
Partnership with Shasta College
9
Shasta College Health Sciences University Center
10
Shasta College Health Sciences University Center
  • Two-Story 43,800-Square-Foot Facility
  • Nursing and Dental Hygiene Programs and
    University Center
  • 200 Students and Faculty Daily
  • 16.7 Million Investment
  • Classes to Start in Fall 2007

11
Shasta College Health Sciences University Center
12
Mall Roof Removal Project
13
Mall Roof Removal Project
14
Mall Roof Removal Project
15
Mall Roof Removal Project
16
Redding Hotel Rehabilitation
17
Cascade Theatre Renovation
18
Streetscape Projects
19
Development PartnershipCascade Square
  • 4 Million Renovation
  • 9 New Retail Storefronts
  • City Contribution 500,000

20
Riverfront Playhouse
  • Relocate Existing Community Theatre to Downtown
  • Double Capacity to 184 Seats
  • 2 Million Capital Campaign
  • Open in 2008

21
Wayfinding
22
Wayfinding
23
Storefront Improvement Loan Program
  • Low Interest Forgivable Loans
  • Up to 7,500 on a 50/50 Match
  • Over Last 5 Years, City Has Funded 20 Projects
    Downtown -- Spending 105,500 to Leverage Another
    340,000 in Improvements.

24
Main Street Certification
  • California Main Street Program Established 1986
  • Currently Housed in State Office of Historic
    Preservation
  • There are 37 Main Street Communities and Redding
    will be the 38th
  • To be announced at the CDA Conference in October

25
Downtown 300
  • Add 300 New Housing Units in Downtown Over Next
    Three to Five Years
  • Downtown Mall Project by LINC Housing Possible
    5-Story, Mixed-Use Project With Ground Floor
    Retail, Apartments, and Condominiums.
  • Theatre Square by Habitat for Humanity Possible
    20-Unit, Townhouse Project, With Small Retail
    Space and Live-Work Unit Adjacent to Riverfront
    Playhouse.

26
Where Do We Go From Here?
  • Continue to Implement the Specific Plan
    Recommendations
  • Implement Downtown 300 Housing Initiative
  • Construct Gateways
  • Continue Mall Roof Removal and Rebuild Streets
  • Develop New Parking
  • Construct Park/Plaza
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