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    Development Opportunity: Former Fire Station Site at 150 South 4th Street Awaits Proposals

    2024-05-02
    https://img.particlenews.com/image.php?url=1r0M02_0sleCKHU00

    The City of Coos Bay is seeking development proposals for a property at 150 South 4th Street, previously a municipal fire station. Located at the intersection connecting the Downtown and Empire Districts, and three blocks from Highway 101, the site is close to major employers and educational institutions such as Bay Area Hospital and Southwest Community College, making it attractive for developers.

    The property is in the Coos Bay Downtown Urban Renewal District and eligible for incentives like the Multi-Unit Property Tax Exemption Program and the Oregon Bay Area Enterprise Zone. Developers can consult with the South Coast Development Council for further economic benefits. The site is cleared, flat, and has passed environmental checks by the Oregon Department of Environmental Quality, though it is in a FEMA Floodplain and has fill soil.

    The site has access to essential utilities, including water and energy, and telecommunications services from various providers. The city has also temporarily waived System Development Charges, which could reduce initial development costs. It is zoned for mixed-use, allowing retail, service, office, and residential projects, which supports the city’s goal of creating a vibrant community hub.

    The City of Coos Bay has specific development standards and goals for this project, aiming for proposals that meet local needs and enhance the area's look. The project is expected to boost the economic growth of the Downtown area. The city is open to discussing ownership arrangements and possibly forming a public-private partnership based on the proposal's merit.

    Visit here for more details

    This article has been enhanced with AI assistance. Agree to access AI-generated content by clicking here, or opt for content with less AI influence here.

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