Laserfiche WebLink
<br />Joint Development Authority <br />TCAAP Redevelopment Project <br />o Financial capacity: A qualified lead developer would have financial capacity and could <br />manage risk across the development site and timeline. <br />o Reputation: A proven lead developer can attract builders and users. <br />o Reduced JDA burden: Work with a single entity may reduce JDA administrative burden <br />in reviewing and approving development proposals. <br />o Accountability: JDA can potentially more easily hold a single lead developer accountable <br />for achieving development goals, rather than tracking goals across multiple developers. <br />o District energy: District energy implementation may be simpler with one lead developer <br />that can commit individual buildings as customers of the system. <br />• Individual Developers <br />o Accelerated timeline: Multiple developers could accelerate development because it may <br />be less complex to negotiate development agreements for smaller development areas, <br />and it could also allow for concurrent development in different areas of the site. <br />o Diverse expertise: Different developers have different expertise; these perspectives and <br />innovations may benefit the development overall. <br />o Risk diversification: If one developer has financial issues or isn’t meeting the JDA vision, <br />development can continue in other areas. <br />o Flexibility: Flexibility for the JDA to adjust requirements, terms, or pricing as lessons are <br />learned and market conditions shift, versus the difficulty of renegotiating and amending <br />an overall development agreement with one lead developer. <br />o Positive competitive forces: Incentive for quality and competitive pricing in housing due <br />to competition within the development. <br />o JDA control: JDA maintains more control over community vision rather than delegating <br />authority to lead developer. <br />o JDA administrative burden: JDA staff would need to play an active long-term role in the <br />development in reviewing development proposals. <br /> <br />Do the planning documents support the JDA’s vision for a vibrant, walkable community that attracts <br />visitors to spend time in the community? If not, what could be done to further that vision? <br />• Overall the responses affirmed that the plans in place align with this vision. <br />The emphasis on connected neighborhoods, mixed-used Town Center areas, and an <br />integrated park and trails system aligns well with current best practices for walkable, <br />resilient communities.