Page 388 - FY 2009 Proposed Budget

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) City Service Team (Department)
IOE Economic Development  Recruitment Leads Economic Development and Capital
1.2.5 Projects  Leads to Prospects Investment (ED)
 Percentage of Agreements in Compliance
Summary:

To build and sustain Arlington’s tax base, Economic Urban Union Date
Development staff will remain focused on developing (Phase 3)
Arlington’s remaining greenfield sites with the highest and Building Permit Issued May 2018
best uses. Additionally, redevelopment efforts will Certificate of Occupancy Issued Sept. 2019
continue within the Entertainment District, Great
Urban Front Date
Southwest Industrial Park, and Downtown and Lamar‐
(Phase 4)
Collins areas, among other areas identified as suitable for
Agreement Drafted Mar. 2020
redevelopment. Per the Economic Development Strategy, Agreement Approved by TIRZ June 2020
redevelopment projects will be supported and prioritized Board.
when considered as transformational and having high Agreement Approved by Council June 2020
community impact, both being primary economic First Amendment to Purchase Sept. 2020
development goals for the City. These projects must be Option Agreement
game changers, introducing new product into an unproven
area, have the ability to stimulate future change, and must
be a desired use. Columbia Medical Center of Date
Arlington (MCA) Project
Urban Union Building Permit Issued (Phase I) May 2016
Type: Redevelopment of buildings near the intersections of Certificate of Occupancy Issued June 2019
Division St., East St., and Front St in Downtown Arlington (Phase I)
Capital Investment: $20 million Building permit Issued (Phase II) July 2016
Size: 60,000 sq. ft. Phase II Project Complete (CO Pending
Issued)
Deal: Located in Tax Increment Reinvestment Zone #1, the
project will receive TIRZ #1 funding to assist in the public General Motors Date
improvement costs associated with the development. Building Permit Issued June 2013
Certificate of Occupancy Issued Oct. 2019
Update: Sewer Line Design Complete Pending
Urban Front, the next phase of the Urban Union Conveyor Line TBA
development on Front Street, was able to secure TIRZ 1
funding for necessary public infrastructure to support the UPS Date
development. Due to unforeseen delays, the real estate Building Permit Issued Aug. 2017
option agreement was also updated to extend the option
Certificate of Occupancy Issued Pending
for the City to buy back the property sold to the developer
if development has not occurred by Dec 26, 2022, which
essentially re‐established the time line for development Medal of Honor Museum Date
due to development review delays. Architecture Firm Selected Jan. 2020
Board of Directors Selected Jan. 2020
Columbia Medical Center of Arlington Subsidiary, LP Lease Agreement Pending
(MCA) (Healthcare/Medical) Zoning Approved Pending
Type: Medical Hospital Building Permit Issued Pending
Capital Investment: $90 million Certificate of Occupancy Issued Pending
Size: 20,000 sq. ft. expansion

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