Develop Hampton Road corridor as a unique gathering point (central hub) for community life, arts, culture and entertainment
GOAL #3
Department Work Plan
1. Monitor the Tax Increment Reinvestment Zone (TIRZ) to ensure tax increment funds are available as needed | Economic Development Department | START FY 2024 Q1 | ONGOING 2. Develop recommendations for DeSoto Development Corporation and City Council review related to City owned or controlled properties on Hampton Road to introduce to the private market for development proposals | Economic Development Department | START FY 2024 Q1 | COMPLETE FY 2024 Q3 3. Develop requests for proposals from the private development market for City-owned parcels and potential assemblages throughout the corridor to spur interest and provide a range of development options | Economic Development Department | START FY 2024 Q2 | COMPLETE FY 2024 Q4 4. Evaluate individual project submissions to assess fit and value proposition and review appropriate incentive tools | Economic Development Department | START FY 2024 Q3 | COMPLETE FY 2024 Q4
Develop incentive programs and options to attract anchor developments on Hampton Road
04
ToC
31
Made with FlippingBook flipbook maker