PLANNING AND HOUSING COMMISSION
STAFF REPORT
DATE: 9/9/2019
TO: Honorable Chair and Commissioners
FROM: Community Development Department
APPLICATION REQUEST:
Title
SPA2019-0003: Amendment to the Downtown Revitalization Specific Plan (SP98-01) to amend the Land Use Table to include additional entertainment, retail and eating and drinking establishments to encourage the redevelopment and reuse of underutilized properties in the downtown area generally located on Sixth Street within the Grand Boulevard circle. (Applicant: City of Corona).
End
RECOMMENDED ACTION:
Recommended action
That the Planning and Housing Commission recommend APPROVAL of SPA2019-0003 to the City Council, based on the findings contained in the staff report.
Body
BACKGROUND
The City of Corona Housing Authority entered into a Disposition and Development Agreement (DDA) with LAB Holdings on May 17, 2017, to redevelop the Corona Mall properties owned by the city's Housing Authority. The Corona Mall contains multiple buildings owned by different parties. Throughout the years, the city's former Redevelopment Agency started to acquire properties/buildings in the Corona Mall with the hope of partnering with a developer to redevelop the mall. The Agency was successful in acquiring 17 properties within the Corona Mall, however approximately 20 properties remained owned by others. When the Redevelopment Agency was dissolved as a result of legislation enacted by the state governor in 2011 to eliminate Redevelopment Agencies in the state of California, the Corona Housing Authority acquired the properties from the Agency. The former Housing Authority properties are now under the ownership of LAB Holdings.
Since the establishment of the DDA, the LAB has acquired one additional property and continues to look for opportunities to acquire additional properties within the Corona Mall. LAB proposes to reuse the existing buildings they own and occupy them with small independent busin...
Click here for full text