Explanation
BACKGROUND: This legislation allocates $19,500 from the Miranova TIF - City Riverfront Vision Account in order to contract with an architectural firm to conduct a feasibility study to understand the options and general costs to rehabilitate the Municipal Light Plant (555 Nationwide Boulevard) for commercial purposes, redevelop the property and improve public access to the Scioto River.
This project was initiated at the request of the Administration as part of the larger initiative to revitalize the Scioto River corridor through public and private investments in new infrastructure, public parks, commercial investments, housing and museums. Concurrently, the city is working with Nationwide Reality Investors (NRI) to redevelopment the western portion of the Nationwide Boulevard corridor. NRI will be developing several hundred units of residential development and as part of an agreement with the city, will be redeveloping the Department of Public Service maintenance facility at 555 Nationwide Boulevard, opposite the light plant.
The Planning Division and Historic Preservation Office, working collaboratively with the Finance Department and Division of Power and Water, has reviewed a set of proposals and selected Feinknopf Macioce Schappa Architects, Inc. to undertake this project. The interdepartmental team will be managing this project. The selected architectural firm will conduct a general analysis of the complex and its site, identify structural and related issues with the building, identify potential public access to the river, recommend potential commercial reuse, and provide general cost estimates to understand the level of magnitude that redevelopment will cost. Following the conclusion of this study, the Administration will evaluate whether the economics are sufficient to move forward with this project.
The initial intent of this project and the feasibility are consistent with the goals and objectives of the Riverfront Vision, a land use and...
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