Create an economic development plan for Hampton Road, Beltline Road at Cockrell Hill Road, and general commercial nodes.
1. Complete the Hampton Road Redevelopment Corridor Study | Development Services | Currently Underway | Complete FY 2022 Q3
2. Identify potential development partners and assess interest | Economic Development | Start FY 2022 Q2 | Complete FY 2022 Q4
3. Create and approve economic development incentives for Hampton Road and other commercial nodes | Economic Development | Start FY 2022 Q3 | Complete FY 2023 Q1
4. Conduct a public outreach and engagement campaign | Economic Development | Start FY 2022 Q3 | Complete FY 2023 Q1
5. Distribute an RFQ outlining City economic development plans and incentives | Economic Development | Start FY 2023 Q1 | Complete FY 2023 Q2
6. Select development partner(s), complete negotiations, and finalize development agreements | Economic Development | Start FY 2023 Q2 | Complete FY 2023
2nd Quarter Update April 2022
The Hampton Road Redevelopment Phase I Study was completed in Q2 with City Council formally accepting the finalized plan on April 4, 2022. This plan presents the one-mile stretch of Hampton Road between Pleasant Run and Belt Line as three walkable districts. City staff has conducted and continues to conduct outreach to interested development partners for City-owned parcels in the Hampton Corridor. The City is also actively pursuing opportunities to purchase run down and blighted properties that may serve as a catalyst for future development. The City’s commercial node land use and market analysis study remains in development with outreach conducted in Q2 with stakeholders and property owners.
1st Quarter Update January 2022
The draft version of the Phase 1 Hampton Road Redevelopment Study is being reviewed by City staff for final submission. Once submitted, the Phase 1 Study will be presented to the City Council for acceptance. The scope of work for Phase 2, which includes financial and regulatory policies, is currently under staff review. A contract for land-use and marketing studies to be completed at other DeSoto intersections was approved in Q1. That study is ongoing for the following locations: Belt Line & Westmoreland, Belt Line & Polk, Belt Line & Cockrell Hill, Danieldale & Westmoreland, and Parkerville & I-35.