RFP for 9th & Main Street Redevelopment Project

The City of Hopkinsville is requesting proposals for the redevelopment of a vacant property at the intersection of 9th and Main Streets in downtown Hopkinsville, Kentucky. The property, which was previously occupied by several buildings that were demolished due to structural issues, is approximately 0.5 acres in size and is zoned for commercial and residential use. The City is seeking a developer or development team to acquire and redevelop the property, with a preference for a mixed-use project that includes commercial space on the ground floor and residential units on the upper floors. The City is open to considering other concepts, but is looking for a project that complements the surrounding architecture and meets the needs of the community. The proposal should include: * A purchase price for the property * A development plan, including conceptual site plans, building elevations, and floor plans * A detailed project cost estimate and financing plan * Information on the developer's experience and financial stability * A discussion of how the project meets municipal regulatory requirements, including zoning and site plan regulations The City is offering several incentives to support the redevelopment of the property, including: * A 50/50 matching grant for certain construction work * A collateralized loan program * A downtown rebate incentive program * A preservation-in-lieu-of-taxes (PILOT) program Proposals are due by August 13, 2026, and will be evaluated based on the following criteria: * Land use and impact on the downtown area * Developer's track record for similar projects * Financial ability to complete the project * Construction schedule * Need for City financial assistance * Conformance with design guidelines * Proposed property acquisition price The City will select a preferred developer based on the overall quality of the proposed project, and will negotiate a development agreement that includes project details, timelines, and expectations. The sale of the property will not occur until the land development process is complete, and the City will verify the accuracy of all information submitted and make any necessary investigations to determine the ability of the prospective developer to perform the obligations in the response to this RFP.