File #: RPT 24-034   
Section: Informational Report Status: Agenda Ready
Meeting Body: Council Economic Development Committee
Agenda Date: 4/29/2024 Final action:
Subject: Review Draft of Cinema Place Economic Analysis Scope of Work
Attachments: 1. Attachment I Draft Scope of Work
Date Action ByActionResultAction DetailsMeeting DetailsVideo
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DATE:      April 29, 2024

 

TO:           Council Economic Development Committee

 

FROM:     City Manager

 

SUBJECT                     

 

Title                      

Review Draft of Cinema Place Economic Analysis Scope of Work      

                                                       

End
RECOMMENDATION

Recommendation

 

That the Council Economic Development Committee (CEDC) reviews the draft scope of work for an economic analysis of the recently acquired Cinema Place property and provides feedback and input to staff.

End

 

SUMMARY

 

In March of 2024, the City of Hayward Economic Development Corporation (Corporation) acquired the Cinema Place property (Property) from Levy Affiliated Holdings as a strategic acquisition to support revitalization and preservation of Hayward’s Downtown economic core.  The purpose of this agenda item is to receive the Committee’s feedback on the draft scope of work for a consultant to conduct a strategic economic and market analysis for the Cinema Place property.

 

ATTACHMENTS

 

Attachment I                                          Draft Scope of Work