TITLE
Recommendation to receive and file a report on the Douglas Park Development Agreement and provide staff direction on the proposed terms of renegotiation. (District 5)
DISCUSSION
In 2004, City Council approved the Douglas Park Development Agreement (DPDA) by and between the City of Long Beach (City) and the McDonnell Douglas Corporation (MDC). The DPDA approved the land-use plan and entitlements to redevelop 238 acres of former McDonnell Douglas aircraft manufacturing plant into a phased mixed-use development with the following features:
• Up to 1,400 dwelling units
• Up to 3.3 million square feet of commercial floor area including office, research and
development, light industrial, and aviation-related uses
• Up to 200,000 square feet of retail
• Up to two hotels with 400 hotel rooms
• Approximately 11 acres of open space including the extension of a Class I bicycle path through the site
In 2007, the MDC requested to redesign the north 100-acres of their 238-acre approved master plan located between Lakewood Boulevard and Paramount, and between Carson Street and Cover Street (Exhibit A). The project south of Cover Street is to remain as it was originally entitled in 2004. The new proposed 238-acre project includes the following features:
• No residential units
• Up to 4.0 million square feet of commercial floor area including office, research and
development, light industrial, and aviation-related uses
• Up to 250,000 square feet of retail
• Up to two hotels with 400 hotel rooms
• Approximately 9.7 acres of open space including the extension of a Class I bicycle path through the site
Staff is requesting City Council's authorization to renegotiate the development agreement that will be representative of the new proposed all commercial land-use plan. The negotiations will consider the overall fiscal impact benefit to the City and the overall monetary contribution Boeing will make to the City, including in-kind contributions.
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