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HomeMy WebLinkAboutDiscussion Item 43 E. 7thTO:City of Oshkosh Redevelopment Authority FROM:Allen Davis, Community Development Director DATE:November 21, 2017 SUBJECT:November 27, 2017 RDA Agenda items Discussion Item: 43 E. 7th Avenue Redevelopment Potential The City Council and RDA received a memo from me last week regarding 43 E. 7 th Avenue. The RDA is invited to discuss the current conditions and determine if and when the current conditions should be changed through leasing and/or property sale. In light of the Pioneer’s possible redevelopment, changes to the lease or possible sale of the land could be premature and have significant negative consequences for the redevelopment of the Southshore. City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us TO:Redevelopment Authority of the City of Oshkosh FROM:Allen Davis, Community Development Director DATE:November 8, 2017 RE:43 East 7th Avenue redevelopment potential Background Earlier this year,the City RDA acquired 43 E. 7th Avenue from CHAMCO and leased the property to the current tenant, Advanced Military Packaging. The property was purchased in accordance with the Southshore Redevelopment Plan (SRP) and TIF District #20 Project Plan. The lease contains a 120-day notice for terminating the lease,should the RDA need to have the building vacated.RDA also owns the old 40’railroad right-of-way bordering the property and as shown on the attached map. Analysis Art Dumke was the first to express interest in the property when he was deciding whether to obtain an Option on the Pioneer land. He indicated that the narrow strip of Decade property was a critical part of the deal and would need to be combined with all the RDA land south to 8th Avenue in order to create a viable redevelopment site. The Pioneer strip of land is only 75’ to 110’ wide, and cannot be redeveloped by itself. The Pioneer strip would be virtually useless unless it is combined with the RDA land.The narrowness of the Pioneer strip and RDA railroad tracks means they have to be combined with 43 E. 7th parcel. I have also been in contact with Mr. Dumke this week, and he is still counting on combining the Pioneer strip of land, the RDA railroad tracks and the 43 E. 7th Ave. parcel for a critical piece of the redevelopment of the Pioneer. He asked that the City not make any decisions on selling 43 E. 7th for at least two more months due to his on-going negotiations. In the meantime, City staff has received inquiries into the property from multiple parties. The parties have expressed interest in new uses for the property including renovation of the space into offices and showroom for a local business that is expanding, the demolition of the building and construction of an “entertainment complex”, and the Supple’s interest in the re -use of the property as a brewery. City Hall, 215 Church Avenue P.O. Box 1130 Oshkosh, WI 54903-1130 920.236.5000 http://www.ci.oshkosh.wi.us I think the Pioneer redevelopment is currently the most important redevelopment opportunity in the City.If the RDA sold the 43 E.7th property, the strip of land belonging to the Pioneer would be deemed useless and would negatively impact the financial viability of the Pioneer property.The short run benefit of selling the property would have the long term impact of hurting the Pioneer project.In conclusion,any changes that the City may make to the 43 E 7th property that could delay or stall the redevelopment of the Pioneer property is not in the best long-term interests of the City. Recommendation The City Council refers the issue to the RDA to review alternatives for redevelopment and develop a potential marketing strategy for the parcel(s). 4737 12 46 52 5660071070690092036 43 1004123 716 50043 475 RDA OwnedRDA Owned SSMMAAIINNSSTTPPIIOONNEEEERRDDRR EE 1100TTHH AA VV E 8TH AVE 8TH AV E 9TH AVE 9TH AV E 7 TH AVE 7 TH AV PIONEER DRPIONEER DRRiverside Park J:\GIS\GIS_Base_Maps\Planning Base Map.mxd User: andreaf 4 3 E . 7 t h43 E . 7 t h City of Oshkosh maps and data are intended to be used for general identificationpurposes only, and the City of Oshkosh assumes no liability for the accuracy of theinformation. Those using the information are responsible for verifying accuracy. Forfull disclaimer please go to www.ci.oshkosh.wi.us/GISdisclaimer Prepared by: City of Oshkosh, WI Printing Date: 11/17/2017 1 in = 150 ft 1 in = 0.03 mi¯ Deca des Property CEAPE AVCEAPE AV W 9T H AVW 9T H AV W SOUTH PARK AVW SOUTH PARK AV S MAIN STS MAIN STN MAIN STN MAIN STNEBRASKA STNEBRASKA STPPIIOONNEEEERRDDRRMILL STMILL STBAY STBAY STOTTER AVOTTER AV W 8TH AVW 8TH AV W 7TH AVW 7TH AV W 6TH AVW 6TH AV W 16TH AVW 16TH AV W 15TH AVW 15TH AV W 14TH AVW 14TH AV W 12TH AVW 12TH AV W 11TH AVW 11TH AV W 10TH AVW 10TH AV BROAD STBROAD STE 10TH AVE 10TH AV POPLAR AVPOPLAR AV BAY SHORE DR BAY SHORE DR E 8TH AVE 8TH AV E 9TH AVE 9TH AV E 14TH AVE 14TH AV E 11TH AVE 11TH AV CCOOUURRTTSSTTE 1 5 T H AVE 1 5 T H AV E 7TH AVE 7TH AV W 5TH AV W 5TH AV BROAD STBROAD STRiverside ParkOshkosh City LimitOshkosh City LimitJ:\GIS\GIS_Base_Maps\Planning Base Map.mxd User: andreaf D e c a d e s O w n e d P r o p e r t yDecades O w n e d P r o p e r t y City of Oshkosh maps and data are intended to be used for general identificationpurposes only, and the City of Oshkosh assumes no liability for the accuracy of theinformation. Those using the information are responsible for verifying accuracy. Forfull disclaimer please go to www.ci.oshkosh.wi.us/GISdisclaimer Prepared by: City of Oshkosh, WI Printing Date: 11/21/2017 1 in = 500 ft 1 in = 0.09 mi¯