SUBJECT:
Title
I-25 Erie Gateway Developer Presentations
Body
DEPARTMENT: Economic Development
PRESENTERS: Julian Jacquin, Economic Development Director
Malcolm Fleming, Town Administrator
Jon Lee, Community Development Group/CDG
TIME ESTIMATE: 150 minutes
only required for non-consent items
STAFF RECOMMENDATION:
Recommendation
Review the responses submitted by the four developers, hear presentations from each group about their background, experience, and vision for the site, and discuss which group is the best fit as preferred development partner for the I-25 Erie Gateway/North Station site. Then, on February 22, the Board will use Ranked-Choice Vote (RCV) to select the preferred development partner.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
The Town received eight (8) responses to the I-25 Erie Gateway Request for Qualifications (RFQ). Then our internal review team of Town staff and Jon Lee/CDG unanimously selected the top four (4) candidates to interview with the Board of Trustees. The four groups presenting at Study Session on February 15th are scheduled as follows (in order of staff ranking):
Time
Group
Representative
6:30 PM
1. McWhinney
Peter Lauener, Trae Rigby
7:00 PM
2. Hines
Chad Murphy
7:30 PM
3. Evergreen Devco
Tyler Carlson, Erika Shorter
8:00 PM
4. MVE/Lake Union Partners
Newton Breiter
8:30 PM
Board Discussion
The Responses submitted by these 4 groups are attached to the agenda item.
The Board of Trustees will hear each group's background, experience, and vision for the site and consider which group is the best fit as the preferred development partner for the I-25 Erie Gateway site. Then, as confirmed with the Board on February 8, the Board will use the Ranked-Choice Vote (RCV) approach on February 22 to select a preferred development partner. Based on that direction, staff will then begin negotiating a Letter of Intent (LOI) with the selected developer for that group's eventual purchase of the Town-owned pro...
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