City Announces Preferred Development Team for the Former Coliseum Site: Next 12 Months Will Be Spent on Planning Activities for Site Redevelopment

(8/23/2011) Mayor John DeStefano, Jr. is pleased to announce Live Work Learn Play Inc. along with Newman Architects as the preferred development team to move forward on planning for the redevelopment of the former Coliseum site.

The City’s objective is to redevelop the 4.5 acre former Coliseum site into a vibrant mixed-use neighborhood as the gateway to downtown. We have selected the preferred development team (the Team) to begin predevelopment work during the next twelve (12) months with the goal of negotiating a Development Agreement and Land Disposition Agreement (LDA) the following year (or sooner if market conditions warrant) based on a phased development of the site. During this predevelopment year, the Team will conduct

various market studies for potential uses, develop concept plans (possibly including new streets), approaches for phased development of the site while looking at shared parking and loading opportunities as well as hosting a number of community workshops.