Download - Downtown Redevelopment - City of Riverside
RiversideCa.govRiversideCa.gov
California Association for Local Economic Development
November 13, 2014
Deanna Lorson, Assistant City Manager
Downtown Redevelopment
City Manager’s Office
RiversideCa.gov
CITY OF RIVERSIDE• FY2014/15 Budget
– Citywide: $914,663211 / General Fund: $240,056,800
• Official Population: 314,034 (2014)– 59th largest in the United States
– 12th largest in California
– 6th largest in Southern
California
• 81.5 square miles
• Incorporated on October 11, 1883
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RIVERSIDE DOWNTOWN PARTNERSHIP
• Established in 1986• Not-for-profit
organization that partners with the City and downtown retailers, businesses and stakeholders
• Promote Business Activities
• Sponsors Public Events• Maintenance• Security
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PUBLIC INVESTMENT• Convention Center $43,630,000• Fox Theater $31,193,000• Fox Entertainment Plaza $18,769,000• Parking Garage No. 6 $13,079,097• Fire Station No. 1 $12,302,000• Main Street Revitalization$10,296,516• Municipal Auditorium $10,098,470• Metropolitan Museum $1,989,200• Other PW Improvements $26,472,025
TOTAL $167,829,308
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RIVERSIDE CONVENTION CENTER
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RIVERSIDE CONVENTION CENTER
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RIVERSIDE CONVENTION CENTER
March 2014 – June 2014 Summary• Events 94
• Visitors/Attendees 70,667
• Hotel Rooms Consumed 6,044
• Hotel Room Revenue $636,405.93
• 161 confirmed bookings (July 2014 to September 2020)
• 49 tentative bookings (July 2014 to May 2018)
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RIVERSIDE CONVENTION CENTER
Riverside Convention & Visitors Bureau and the Riverside Sports Commission (FY2013-
2014)• Events 133
• Visitors 71,218
• Hotel Rooms Consumed 23,849
• Hotel Room Revenue $2,403,120.84
• Economic Impact (Est.) $6,569,133.99
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FOX THEATER
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FOX THEATER
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FOX THEATER
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FOX ENTERTAINMENT PLAZA
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FIRE STATION NO. 1
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FIRE STATION NO. 1
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PRIVATE INVESTMENT• RCCD Renaissance Block $80,000,000• Regency Tower $65,000,000• Raincross Promenade $43,000,000• Stalder Project $42,000,000• Gateway Offices $25,000,000• Imperial Hardware Project $22,000,000
• Culver Center for the Arts $18,000,000TOTAL $295,000,000
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REDEVELOPMENT
Stalder Project by Regional Properties
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REDEVELOPMENT
Imperial Building Project by Ratkovich Properties, LLC
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D DOGS
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SALTED PIG
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MOLINOS COFFEE
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PRO BITION
A
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MEZCAL
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HEROES RESTAURANT & BREWERY
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REGENCY TOWER
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REGENCY TOWER
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CITRUS TOWER
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CITRUS TOWER
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DOWNTOWN INVESTMEN
TS
PublicPrivateCity Hall/County Administrative CenterCourts
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WELCOME TO RIVERSIDE!