Description
The City of Rexburg is seeking a qualified developer to partner on a public‑private mixed‑use redevelopment of approximately 2.8 acres in the downtown “City Center” area. The scope includes design, financing, construction, management, and operation of a high‑density, live‑work‑play environment that incorporates structured public parking, retail, office, hospitality, residential units, and flexible community spaces, all conforming to the City’s Form‑Based Code and 2050 Plan. The developer must present a detailed financial pro‑forma, demonstrate financial capability, and outline incentives such as tax abatements, New Market Tax Credits, and federal grants. Evaluation will be based on proposal quality, financial strength, team qualifications, and projected economic benefit to the city.
• Public‑private partnership to design, finance, build, manage, and operate a mixed‑use development (retail, office, residential, hospitality, parking, civic spaces).
• Must comply with Rexburg’s Form‑Based Code Core Transect and the City Center 2050 Plan; includes incentives like tax abatements, NMTC, CDBG, EDA.
• Evaluation criteria total 110 points covering concept quality, financial capability, team experience, comparable projects, and quantified economic impact.