In January, the Economic Improvement Corporation heard from city staff about the progress of a project that would create workforce housing to support primary jobs. The housing would be constructed along Peterson Farm Road, and a feasibility study is underway by Freese & Nichols, Inc., concerning utilities.
The city wants to partner with a private sector entity to create this housing through a public-private partnership. The city might donate land in exchange for equity in the project, sharing revenue with the private-sector entity.
The property under review is approximately 87 acres just northwest of runway 21 at the airport The city already owns this property. It fronts on Peterson Farm Road just before the entrance to the Mooney Facility. See map below.
In July 2015, City Council voted unanimously to prepare the tract for possible development as apartments — 250-300 units of 2-3 bedroom apartments.
