The Redevelopment Agency has been working avidly to create a refined vision for the Water Street District. The vision creates an authentic downtown core that is welcoming to everyone. It provides community gathering space, as well as a collection of retail, professional services, family and nightlife entertainment, employment centers, educational opportunities and a place to call home.
In 2013 the Agency held a design charrette with several key leaders from the community, which was hosted by Tate Snyder Kimsey Architects. Through the visioning activities in the charrette a consensus was reached for what the Water Street District of the future will look like. The results of the charrette incorporate the three main drivers that tie individuals to a community: openness, aesthetics and social offerings. By including these drivers in the vision for downtown, resident attachment is instilled, which helps build a strong sense of community pride.
One of the tools staff has developed to achieve the vision for Water Street District is a Downtown Master Plan. The new Master Plan document invites developers to be creative and innovative with their projects and really think outside the box to incorporate the ideal uses that are envisioned for the area. The Master Plan also provides flexibility in zoning that isn’t available anywhere else in the valley.
Further, alternative sources of funding, such as New Markets Tax Credits, 63/20 Bonds and the like are being researched, as is the possibility of extending the life of the Downtown Redevelopment Area to provide the opportunity for more meaningful tax increment reimbursement incentives and to refinance existing bonds to free up funding for additional projects.
The Redevelopment Agency owns several pieces of property in the Water Street District. Please click here to see the development sites currently available. For more information on these sites, contact the Redevelopment Agency directly at 702-267-1515.
For information on the Water Street District, visit www.waterstreetdistrict.com.