What happens next?
The City of Tempe will be issuing Requests For
Proposals (RFPs) on properties which have been selected by the APAC. The City of
Tempe will assist with land assembly as necessary to assist positive redevelopment in this
area.
When will the changes be implemented?
Redeveloping the area will require cooperative
efforts between the public and private sectors. Therefore, it will depend upon market
conditions and the willingness of private sector developers to invest in new projects in
this area. As in the case of downtown Tempe, it could take several years to see
significant changes.
How are developers selected?
When the City acquires land for redevelopment, a
"Request for Proposals" (RFP) is sent out to developers. Proposals are submitted
to the City and selection is made by the City Council based on the quality of the
submittal, experience of the development team and the ability of the team to construct
& operate the improvements.