If taxpayer funds are involved, then city leaders must conduct
an analysis of the net economic impact projected from proposals to
develop the former Leatherback site, owned by the Hollister
Redevelopment Agency, before handing over the property to a
developer.
If taxpayer funds are involved, then city leaders must conduct an analysis of the net economic impact projected from proposals to develop the former Leatherback site, owned by the Hollister Redevelopment Agency, before handing over the property to a developer.
The Hollister RDA, overseen by city council members, has been prompted to request project proposals for the site because a developer has expressed interest in building 70,000 square feet of new shopping facilities.
It also is the desired area for a new San Benito County YMCA. Part of the requirement in the project request is to set aside 5,000 to 10,000 square feet for the new YMCA, while more land adjacent to the old Leatherback property at Hillcrest Road and McCray Street might be necessary under such an arrangement because the local organization’s plans call for a 35,000-square-foot project.
Since it is RDA and taxpayer money involved, economic development must be the priority of any proposal put forth because the city cannot afford to use this conveniently-placed plot, especially in times with an urgent call for fiscal progress, if the investment doesn’t result in significantly boosting the flow of commerce.
The RDA wisely is including a necessity in any developer’s plan to set aside space for the YMCA. Aside from an array of social benefits offered by a full-scale YMCA – namely, its reputation as a wholesome gathering place, or community center of sorts – such a facility also provides a likely spark to the foot traffic in surrounding retail shops. So everyone wins.
The YMCA gets its ideal location while having the capability to kick-start a capital campaign. The city gains additional tax revenue. And surrounding merchants – including the new developer’s tenants – increase their customer exposure.
While council members should protect the YMCA’s interests as they consider proposals, it’s crucial to view this prime opportunity with the big picture – the economy – as the focal point of discussion.
It is an investment worth making if a specific proposal shows serious promise to create jobs and ensure that more spending is done in town.
If signs point to the economic indicators lagging in neutral, then leaders should remain patient and continue efforts to find a more suitable partner.
