Posted on October 13, 2022
Earlier this year, with support from U.S. Representative Kay Granger and U.S. Representative Marc Veasey, the U.S. Army Corps of Engineers announced a federal government allocation of $403 million to support flood control efforts along the Trinity River as part of the city’s Central Flood Control Project.
This flood relief funding was an important step that needed to be taken before the local partners could turn their collective attention to the economic development phase of Panther Island, the district directly impacted by the flood relief project.
The City of Fort Worth, Tarrant County, Tarrant Regional Water District, Tarrant County College, Greater Fort Worth Real Estate Council, Downtown Fort Worth Inc., and Streams & Valleys are collaborating to explore short-term and long-term development opportunities for L’île aux Panthères.
To facilitate this, a request for proposals was published seeking national real estate development experts to consult on ways in which Panther Island can best achieve its full economic potential. Consultant would align Trinity River vision with city goals Economic Development Strategic Plan as part of an updated strategic vision for Panther Island.
The consultant will assess development opportunities by reviewing current market conditions, existing forms-based code, and plans and regulations associated with the project. Ultimately, they will provide a recommendation on how to bring transformational change to Panther Island – change that will be grounded in high-quality development, an expansive and engaging public waterfront, and premier place creation. .
As part of their responsibilities, the consultant will develop case studies featuring cities that have successfully created and implemented similar waterfront or downtown redevelopment districts, assess strategic real estate opportunities existing and available in the neighborhood, will analyze neighboring Fort Worth neighborhoods to ensure that Panther Island can complement these areas, and provide recommendations on a governance structure to oversee the area’s long-term growth and development.
The consultant will also lead a series of public meetings to obtain public feedback on changes to the plan, present updates on progress, and ultimately present the final plan to the public and relevant governing bodies.
Photo: A consultant will align the Trinity River vision with the city’s strategic economic development plan as part of an updated strategic vision for Panther Island.
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