Block 11 RedevelopmentPhase I: Varsity Pub Expansion
February 25, 2014
Block 11 RedevelopmentPhase I: Varsity Pub Expansion
• Varsity Pub Private Patio Expansion.• Fogarty Amateur Sports Mural.• Sidewalk Reconstruction.
City reconstruct and finance. 50% city, 50% Varsity Pub per assessment policy. Total Cost $83,960.80.
• Parking Lot Development. City construct and finance. 100% Varsity Pub Cost. Total Cost $118,177 (Option 2 - concrete: $154,145.80)
• Transfer of Property to Varsity Pub for Private Parking. $1 for transfer of ownership. Assessed value of property = $87,100. Total City Expenses (purchase, demo, etc.) = $226,847.04.
1996 Comprehensive PlanDowntown
• “…focal point for retail, specialty retail & services.”• Should remain “unique in its character” and “offer a
distinctive atmosphere that functions to draw people for many reasons…”
• Compact & upper uses for housing.• Improve parking landscaping and buffering elements.• Building appearance “improved in order to create a
positive image and introduce an important element of character into the downtown area.”
Downtown Redevelopment Priorities (1997) Not Yet Completed Items
Short Term (1-5 Years)• Enhance alley entrances &
parking lots.• Rehab corner bar block.
Long Term (6-10 Years)• “Do Something” with
Marshall Hotel• Create additional rental
units.• Add a downtown grocery
source.
Downtown Redevelopment Priorities(1997)
Organizational & Administrative Tasks
• Create a central theme.• Manage parking.• Design guidelines.• Encourage storefront
renovation.• Change building codes to
allow for additional housing upstairs.
• Create a downtown organization.
Comprehensive Plan Downtown Goals
• Appropriate Housing Mix.• Atmosphere Conducive & Supportive of
Housing.• Mix of retail and service.• Encourage a positive, vital & unique image.• Encourage redevelopment…promote
cooperation of public and private sector redevelopment.
Comprehensive Plan Downtown Policies
• Promote adequate parking.• Promote additional adjacent housing.• Support new and/or expanded businesses in the
downtown area through staff support and/or financial assistance.
• Encourage a program directed to building owner awareness of building appearance with an emphasis on upgrading rear building appearance.
• Create gateways into the downtown area.
Downtown District Zoning
SITE
Past Concept Development
City Benefits Phase I• Complimentary to Arts & Entertainment District designation
to expand entertainment experience. Adds to the goal to create multiple points of destination to downtown Marshall.
• Enhance the visual appeal of the Amateur Sports mural planned for installation in 2014.
• Beautification of private commercial area across from Memorial Park.
• Reduce maintenance duties of lot serving primarily Varsity Pub customers.
• Create taxable property.
Varsity Pub Benefits Phase I
• Enhanced sales through customer interest in expanded seasonal patio experience.
• Improve curb appeal of business.• Ensure ability to maintain parking for business
and higher quality improved hard surface.• Ability to allow customer overnight parking.• Added physical asset to overall property.
West Main StreetNorth
First
Stree
t
West Lyon StreetEa
st Colle
ge Drive
Future
Development
Proposed
Varsity
Pub
Parking
Patio Exp
ansion
Future Im
proved
Public Park
ing
Varsity
Pub
West Main StreetNorth
First
Stree
t
West Lyon StreetEa
st Colle
ge Drive
Streetscape Master Plan
Varsi
ty Pu
b
E. C
olleg
e Dr.
Patio
Ex
pans
ion
West Main St.
N. 1
st St.
Park
ing
Varsi
ty
Pub
City Downtown Redevelopment Varsity Pub Arts & Entertainment Enhancement
Sports Mural Location & Varsity Pub Expansion
Proposed Amateur Sports Mural Varsity Pub
Cost Participation
Parking Lot = $118,177 (Option #2 $154,145.80) $ total cost, 100% assessment, 8 years, 4.3% interest.Sidewalks = $83,960.80 total cost, 50% assessment, 8 years, 4.3% interest.
Patio = cost not identified, 100% Varsity Pub cost, no city assistance.
City Property to be granted to Varsity Pub at no cost.
Assessed Value $87,100
City Expenses to Date (purchase, demo)
$226,847.04
Street Lighting & Security Lighting
Block 11 RedevelopmentPhase II: Street and Alley Reconstruction (Future)
Block 11 RedevelopmentPhase III: Parking Lot Development (Future)
Future
Development
Development Concept
Block 11 RedevelopmentPhase IV: Demolition and New Development (Future)
Recommendation• Approve final agreements February 25th.• Continue to pursue future redevelopment phases II-IV.
Market and Respond to Private Development proposals consistent with past defined goals. Potential Incentives: Redevelopment TIF, demolition of existing, property
value write-down (dependent on quality of development and ability to meet community goals)
Mixed UseUses Consistent with Comprehensive Plan & Downtown Planning
Priorities. Pursue grant opportunities for infrastructure improvements
including street, utilities and public parking (example: DEED Redevelopment Grants August & February).