Selection Committee for Purchase and Redevelopment of the Arcade Wright Building
08/20/12, 1:00 PM - 2:00 PM
The Land Clearance for Redevelopment Authority (LCRA) recieved a proposal for purchase and redevelopment of the Arcade Wright Building located at 800-813 Olive Street, St. Louis, Missouri, 63101. A Selection Committee,comprised of representatives from LCRA, Office of the Mayor, Office of the Comptroller, and Office of the President of the Board of Aldermen will meet to discuss the merits of the proposal and determine whether or not to move forward with development negotations with the developer submitting the proposal.
Arcade Wright Building Selection Committee
August 20, 2012
St. Louis Development Corporation
1. Signing statements regarding personal or private interest.
2. Discussion of selection process.
? Relevant experience and financial capacity of the proponent;
? Economic benefit expected from the proposed redevelopment;
? Quality of downtown life benefit expected from the proposed redevelopment;
? Schedule for completion of the proposed redevelopment;
? Financial feasibility of the proposed redevelopment;
? Level of city incentives needed for the proposed redevelopment; and
? Amount to be paid for the purchase of the Property.
3. Overview of requirements.
4. Discussion of submittal.
5. Selection of redeveloper or determination of next steps.
St. Louis Development Corporation, 1520 Market Street, Suite 2000, St. Louis, MO 63103
Tags: Ward 7, Downtown