2009 acre event
DESCRIPTION
Presentation given by Team Corona, economic development department for the city of Corona at an ACRE event held at the Ontario Convention Center.TRANSCRIPT
Team Corona—Economic Development
Demographics
Total Payroll- $3.23 billionIncrease of 94.2% since 2000
More than 85,000 employees1 job for every two residentsPopulation150,000
Average Household Income- $84,64132.7% of HH eared $100,000
GIS—Geographic Information
System
Workforce TV
Loopnet Commercial
Link to Caltrans web site for project information: http://www.dot.ca.gov/dist8/projects/riverside/sr91greenriver/index.htm
Responsible Agency: CaltransConstruction Began: April 2007Construction to be Completed: April 2009Construction Cost: $22 Million
Construction ScheduleBegin: January 2008Completion: February 2010Construction Cost: $15 Million
Magnolia Project Magnolia Project
Daniel L. Rittatore736-2297
Judi Staats739-4946
Michell Skipworth279-3690
Economic DevelopmentTeam Corona
City of Corona-Redevelopment Agency
Cynthia Lara
REDEVELOPMENT
GENERAL APPROACH:All efforts and activities are to position Agencyfor FUTURE development:
~Land Assembly/POSSESSION~~Monitoring Market, City & Agency NEEDS~~COMMUNICATION w/Development sector~~FINANCING opportunities~~Internal COLLABORATION w/City Dept.~~ENTITLEMENTS~
REDEVELOPMENTDOWNTOWN:~Prime LOCATION:
-FREEWAY access (91FWY & I-15)-High VISIBILITY-Near PUBLIC TRANSIT-Adjacent to MEDICAL hub
~Development Options – MIXED USE~Agency role –POSSESSION
-Corona Mall (17 prop. – approx. 12 acres)-West of Corona Mall (12 prop. – approx. 3acres)
REDEVELOPMENT
NORTH MAIN STREET
REDEVELOPMENT
North Main Parking StructureConstruction Start: January 2008Est. Construction Completed: July 2009