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Redevelopment Roadmap Projects


Vertical Development projects include all real estate development projects in the City Center. Redevelopment of existing buildings and new development are included in this category. Several high priority projects include: a boutique hotel, an education anchor, the City Market, and market rate multi-family developments.


Vertical Development Projects Action Item


Description Project evaluation


Assess project fit with vision for the City Center, RRDP and City's stated goals and objectives


Site selection and district planning


Develop site selection scoring criteria, evaluate project to determine ideal location in the City Center


Stakeholder management


Identify, convene, and oversee necessary stakeholders to realize project success


Create business plans Project financing Design development


Implement vertical development projects


Clearly identifies how project is implemented, paid for, measured, staffed.


Secure public and private partners


Create plans, Schematic and Construction Drawings for project


Finance, construction and lease-up of vertical development project


RRDP Committee Partners 12 Month


Initiatives, Customer Experience


TBD Phase 1 project(s)


36 Month


Phase 1 & Phase 2 project(s)


60 Month


Expand to other focus areas


Initiatives, Customer Experience


TBD


Phase 1 project(s)


Phase 1 & Phase 2 project(s)


Repeat process across City Center


G


Initiatives, Customer Experience


TBD Phase 1 project(s)


Phase 1 & Phase 2 project(s)


Initiatives, Finance Finance Initiatives TBD TBD TBD Initiatives


City of Rockford, property owners, developers, architect


Phase 1 project(s) Phase 1 project(s) Phase 1 project(s)


Commence construction on Phase 1 projects


Phase 1 & Phase 2 project(s)


Phase 1 & Phase 2 project(s)


Phase 1 & Phase 2 project(s)


Complete Phase 1 projects, Complete Phase 2 projects


Repeat process across City Center


Repeat process across City Center


Repeat process across City Center


Repeat process across City Center


Repeat process across City Center


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Redevelopment Roadmap


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