Redevelopment
Proposals for Purchase and Redevelopment of the Arcade Wright Building. The Arcade Wright Building, is on the National Register of Historic Places due to its architectural significance. LCRA is interested in proposals from qualified entities with experience in similar redevelopments and the financial capability to carry out the purchase and historic rehabilitation. A selection committee will evaluate proposals received based on the following criteria:
•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.
