Title
Discuss the Historic Flour Mill Mixed-Use Catalyst Redevelopment Project
Summary
MEETING DATE: March 15, 2011
DEPARTMENT: City Council
Development Services-Planning
CONTACT: Chairman Don Day
Kevin Spath, AICP, Assistant Director of Planning
ITEM SUMMARY: Chairman Day will provide an update to the Board on the progress/status of the historic Flour Mill mixed-use catalyst redevelopment project, including:
· Project scope/timeline/phasing
· Project financing
· Phase 1 improvements
· Potential public-private partnership between the City and the owner/developer of the Flour Mill ($2.2 million infrastructure grant from North Central Texas Council of Governments)
· Potential participation by McKinney Community Development Corporation and/or Tax Increment Reinvestment Zone #1