HomeMy WebLinkAbout1991 - Downtown Development Authority - Annual Report9 •
1991 ANNUAL REPORT
In 1991, the Downtown Development Authority focused on improving
the economic potential of the central business district by:
1. Generating interest in the development of the areas
between Old Town Square and the Poudre River by passing,
in coordination with City Council, a resolution which
emphasized the importance of the River as a community
asset and encouraged redevelopment of the Linden Hotel
as the first step toward that objective;
2. Verifying the demand for downtown housing. This was
accomplished by commissioning a residential feasibility
study which showed a two percent overall vacancy rate in
Fort Collins and a significant interest for housing of
all types located in the central business district;
3. Creating a new land use guidance system for the central
business district which included some rezoning but also
suggested procedural changes to increase development
review efficiency and assistance. The plan will be
carried to City Council in 1992;
Working directly with the City on a number of issues
relevant to the economic climate in the central business
district. These included the potential acquisition of
the LaPorte/America parking lot, the possible development
of an affordable housing project, putting a park on the
property at 185 North College Avenue, working toward the
creation of an art walk between the Lincoln Center and
downtown;
5. Funding several patio dining improvements for restaurants
downtown;
6. Continuing the DDA's financial relationship with the
Downtown Business Association to ensure continued
marketing and promotional efforts in the central business
district.
Other pertinent 1991 events included the decision to relocate the
DDA office from its present location in Old Town Square to One West
Contemporary Arts Center, encouraging a downtown location for the
proposed new senior center, hiring a new secretary, and retaining
the firm of March and Myatt as legal counsel.