HomeMy WebLinkAbout1992 - Downtown Development Authority - Work PlanddoDOWNTOWN
DEVELOPMENT
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#1 OLD TOWN SQUARE, SUITE 200, FORT COLLINS, COLORADO 80524 Telephone (303) 484-2020
Telefax (303) 484-2069
TO: Rita Harris&��N
FROM: Chip Steiner
DATE: December 12, 1991
RE: 1992 Work Plan
The 1992 Work Plan outlined below was adopted by the Downtown
Development Authority Board of Directors at its November 2, 1991
regular meeting.
1. The Linden Hotel.
The highest priority for the DDA in 1992 is the stabilization
and eventual redevelopment of the Linden Hotel. The City and
the DDA are working out a method to finance the stabilization
of the building. This should be resolved by the end of 1991
or early in 1992.
Stabilizing the building, which includes restoration of the
facade, is only the first step. The long term key to its
successful rehabilitation will be filling it with tenants.
2. Residential Project.
The residential market study commissioned by the DDA indicates
a strong demand for more housing downtown and throughout Fort
Collins. To take the development of housing the next step an
economic feasibility analysis must be conducted to identify
the extent to which the project may require leverage.
3. Rezoning.
Through most of 1991 the DDA has been working to repackage the
development process for the central business district under
the auspices of a rezoning study. The study is very close to
completion and will be brought to the Board in conjunction
with the proposed symposium scheduled for Spring, 1992.
4. Symposium.
Initial response to the proposed DDA sponsored symposium on
downtown's role in the Fort Collins Community has been very
positive. To be effective, organization and pre -planning will
be crucial. The Symposium will be held sometime in the Spring
of 1992 and will focus on identifying and building upon values
which are common to a wide variety of special interests.
5. New DDA Offices.
The DDA's current office lease expires at the end of this
year. The Authority will explore methods of more effectively
utilizing funds committed for rent to help leverage the
improvement of a downtown property.