There’s a big catcher’s mitt down at Lincoln City City Hall, held high in the air by community planning folks who are trying to catch the greatest benefits, both housing and economic, out of city-owned land from one end of town to the other. It’s split nearly half-and-half between commercial uses and homes.
Since the city (the public) owns the land there’s a good chance that, in the interest of holding down costs, developers may not have to pay full price on the land, and thereby make market rate housing very “doable,” especially for work-force and affordable housing. And that’s the message to potential developers – in terms of profits they’re possibly already on second base.
The city has set March 15th as the deadline to submit their housing and commercial building proposals among the eight city-owned properties: for housing on Fernwood, NE 25th and NE Reef Street. For commercial or mixed-use buildings, they are anticipated for lots on NW 15th, SE 1st (Hostetler Park), SW 4th (TND building) and lots on SE 32nd and SW 51st.
The call for “letters of interest” have gone out to various development companies and it’ll be interesting to see how they respond and the kinds of projects they propose to build.
Again, March 15th is the deadline to get those letters of interest back in to city hall.