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DOWNTOWN RIVERFRONT LAND USE COMPONENTS CA 19-1, RA 19-1, Z 19-5, WG 19-3, ST 19-3, and SDR 19-2 19,2019 On January 31, 2018, the Agency received a presentation from WDA on the Downtown Riverfront Concept Plan, (Figure 2-2) which includes a 125-room hotel, approximately 285 units of market rate housing (owner-occupied townhomes and apartments), an affordable housing project for low-income persons (75-100 units), over 14,000 square feet of commercial (including at least one restaurant), open space, and a public plaza. The one-acre public plaza is proposed as a seamless extension of the three-acre Downtown Riverfront Park, and the park and plaza will be managed as part of the City's park system. Additional open space under the Coburg Road viaduct is proposed to remain in private ownership and developed as a publicly accessible recreation area. On May 29, 2018, the Agency Board received an initial presentation on the proposed terms of an agreement with WDA that would set the stage for the future redevelopment of the site. On June 25, 2018, the Agency held a public hearing on the proposed project and 16 people provided testimony. In partnership with WDA, the City hosted several events and attended multiple speaking engagements to inform community members on the current proposal for redevelopment, including: • Approximately 100 contacts at June First Friday Art Walk booth • Two River Guides meetings • Sustainability Commission Riverfront Committee meeting on April 10 • Presentation to members of the Downtown Neighborhood Association steering committee • Presentation at Young Professionals Summit attended by over 500 people • Presentation to Chamber of Commerce stakeholders • Open House attended by over 200 people on June 20 • Public hearing on June 25 • Information via displays in the Atrium Building, Library and online at www.eugene- or.gov/Riverfront The Downtown Riverfront Park design process is currently underway and includes the Public Plaza for a total of a 4.1-acres of park space. Park planners heard from over 1,800 people in the kickoff meeting and associated survey. Additional public meetings were held on July 19, 2018 and September 27, 2018. During the course of the public engagement process for the Riverfront Park, the Parks and Open Space Division received more than 3,500 responses from the community about how they envision the Downtown Riverfront Park. Community Development Staff prepared a cost-benefit analysis to show the impacts of the public investments in the Downtown Riverfront site (Attachment R). The cost-benefit analysis calculates the fiscal impacts to the City and the Riverfront Urban Renewal District. It also uses the Triple Bottom Line framework to help City Council/Urban Renewal Agency consider market and non-market impacts associated with investment decisions. The City/Agency share of the costs associated with the overall site redevelopment is estimated at $12.2 million. The private investment will, in turn, generate new, taxable value. Over 30 years, the new development will generate about $42 million in property taxes to the Riverfront Urban Renewal District, the City, Lane County, School District 4J, LCC, and Lane ESD combined. Of this amount, the City of Eugene FINAL SUBMITTAL