Broward Takes First Steps Toward ‘Downtown West’
But for the hockey arena on it, the 143 acres of public land on the edge of the Everglades in Sunrise is a clean slate.
InĀ the coming 20 years, the county intends to fill in the grassy blanks with Downtown West, a mix that could include condos, stores, restaurants,Ā offices, maybe even a casino.
This week, Broward County embraced a development vision for the land, a potential playbook created by the Urban Land Institute. The nonprofit real estate consultancy visited the site, studied it and issued the report this month. To carry it out, the County Commission agreed Tuesday to hire two real estate employees, including a director of real estate.
The instituteās land-use experts said the county-owned BB&T Center, a giant venue surrounded by parking spaces,Ā represents āan opportunity lost.āā The consultants said visitors leave the arena after shows or gamesĀ because thereās nothing there to capture them. They suggestĀ the land be developed thoughtfully, and slowly,Ā with a potential mix of housing, a hotel, office space, retail, a casino and the hockey arena.
āThe undertaking is huge and could be controversial,ā said Broward Commissioner Nan Rich, who represents most of Sunrise. āThereās a lot of potential. But we have to get it right, and thatās the challenge.āā
The mix of development —Ā including whether casino rights are obtainedĀ and whetherĀ the Florida Panthers hockey team remains in the arena —Ā will be determined in the coming years. The development is expected to complement whatās around it: Americaās largest single-story retail mall, Sawgrass Mills, condo towersĀ and Ā Metropica, a $1.5 billion development on Northwest 136th Avenue and Sunrise BoulevardĀ thatās in the planning stages.
Sunrise Mayor Mike Ryan said heās āthrilledāā the county is taking the opportunity so seriously. He said the arena never was expected to stand alone, as it has since its 1998 construction. Sunrise supports development of the land, he said, and the market will determine the right mixture of uses.
āWeāre a partner in trying to help find something that works in the context of whatās already there,āā Mayor Ryan said.
The land for years was in the hands of the hockey team owners, who never used it. The Panthers, a National Hockey League team,Ā plays in the county arena, and an affiliated company operates it.Ā In a reworked agreement in December 2015, the county won back developmentĀ rights toĀ the land surrounding the arena. The deal increased the public subsidy of the team by $86 million, to $342 million. The new agreement aims to keep the team in the BB&T CenterĀ until 2028.
The county brought Urban Land Institute to town last summer to brainstorm possibilities for the land around the arena, and toĀ look at possibilities if the Panthers ultimately depart. After visiting in June, the instituteās participating experts interviewed those involved in the arena and the siteĀ and conducted research, producing the report released this month.
The consultants exploredĀ three alternatives: the Panthers extend their lease, and a casino is added; the Panthers extend their lease, and office and housing are added; and the Panthers leave, the arena is demolished, and housing, a casino and offices are added. The third option would bring in the most tax revenue and income to the county, at an estimated $391.3 million over 11 years, the report said.
āLimited initial demand exists for new development on the site,āā the report says, āHowever,Ā over time, more opportunities will arise.āā
The development report lays out a timeline from now to 2040 for remaking the acreage.
āRedevelopment of the arena site will require a long-term, patient approach that will take more than 20 years,āā the report says.
It also acknowledges that market forces, including potential downturns, remain unknown. The path to developmentĀ started Tuesday with the agreement to hire real estate overseers. The expense of a real estate director and project coordinator is expected to be $275,000Ā a year, a county memo says.
The consultants suggest the county start by assembling a Downtown West Broward Leadership Council, a hub for public input and problem solving. Ryan said one thorny issue will be management of traffic. Heās advocating construction of Sawgrass Expressway ramps to and from the north, to help drivers reach and depart from the site. He also said itās important that the county not build anything that would compete with or detract from nearby development.
āItās critical to get participation from everyone from the beginning,āā Broward Commissioner Nan Rich said. Ā āOne thing is clear, there has got to be a lot of involvement from the community. When youāre developing something this size, I donāt want to superimpose things on peopleĀ that live in an area.āā
Click here to view the SunSentinel video ‘Broward Embraces Development Vision of Downtown West’
Click here to view the SunSentinel video ‘Broward Explores Developing Land Around BB&T Center’
Source: SunSentinel
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