The review team evaluating the five proposals received for the Red Cedar Renaissance project has selected a development proposal for further review and consideration, city officials said today. The proposal submitted by the Jerome-Ferguson development group was identified by the review team as the most desirable and viable redevelopment plan for the 12-acre Red Cedar parcel, which was approved for sale by Lansing voters last November.
The Jerome-Ferguson proposal outlines a compelling and comprehensive redevelopment plan that goes well beyond the boundaries of the original 12-acre parcel and would require voter authorization for the sale of additional acreage within the Red Cedar property.
The review team has recommended to Mayor Virg Bernero that a ballot proposal be presented to the Lansing City Council to seek voter approval for the sale of additional acreage at Red Cedar.
"I am intrigued by the notion of an expanded development on the Red Cedar property and accept the review team's recommendation to seek City Council approval of a ballot proposal to authorize the sale of additional acreage," Mayor Bernero said.
The Jerome-Ferguson development proposal will remain under consideration until a determination has been made by City Council concerning the placement of the question on the November 2012 ballot and, if a ballot measure is ultimately authorized by Council, the outcome of the vote. If the ballot proposal is not approved by Council, or if it is placed on the ballot and then rejected by voters, city officials will decide whether or not to proceed with the proposal or to reopen the RFQP process.
"We are very pleased with the exceptional vision and creativity that is evident in this proposal," said Karl Dorshimer of the Lansing Economic Area Partnership (LEAP). "We look forward to working with the development team to learn more about their detailed plans for this vital property that connects Lansing, East Lansing and Michigan State University."
The Lansing City Council will receive a request to place the additional acreage on the November ballot at Monday's Council meeting.
You can check out the proposal at http://purelansing.com. Just click on the Capital Gateway Proposal link. It's a PDF file, so you'll need Adobe to open it.