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STAFF REPORT - North Mall Update.pdf

Corona City Council
February 19, 2025

Document
STAFF REPORT - North Mall Update.pdf
Meeting
February 19, 2025
Body
Corona City Council
Original file
191 KB
Text extracted from the city's file for reading and search. Open the original on pub-corona.escribemeetings.com. That file is the official record.

DATE: 02/19/2025
TO: Honorable Mayor and City Council Members
FROM: Economic Development Department
2025-75

REQUEST FOR CITY COUNCIL ACTION
SUBJECT:

NORTH MALL REDEVELOPMENT UPDATE
EXECUTIVE SUMMARY:

This presentation provides an update on the redevelopment efforts at the North Mall and asks the City Council to provide direction to prepare conceptual plans for new development on the city owned portion of the site
RECOMMENDED ACTION:

That the City Council provide direction to staff to prepare conceptual designs for a mixeduse development at the North Mall and entitle the properties BACKGROUND & HISTORY:

The redevelopment of the North Mall is one of the catalytic projects in the Downtown Revitalization Plan. In March of 2024, City Council provided direction to staff to continue pursuing acquisitions in the North Mall, with the ultimate goal of redevelopment of that site consist with the Downtown Revitalization Plan and Downtown Specific Plan goals for the area.

Since March 2024, the City acquired additional properties in the North Mall and has reached a critical mass of consolidated ownership that would allow the City to pursue a meaningful redevelopment project for the site. Staff is seeking direction to begin preparing plans for redevelopment work and the pursue entitlement for this project.

FINANCIAL IMPACT:

There is no financial impact associated with this action.

PREPARED BY: JOE BELDING, ECONOMIC DELVEOPMENT DIRECTOR REVIEWED BY: JUSTIN TUCKER, ASSISTANT CITY MANAGER
ATTACHMENTS:

1. Exhibit 1 – Presentation

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