This agreement authorizes the City Manager to negotiate and execute a master development agreement with the sports complex team to redevelop the eastern portion of the former Eastland Mall site. The project includes public infrastructure reimbursement and funding for indoor and outdoor sports facilities. The redevelopment is part of a broader effort to revitalize East Charlotte and enhance equitable economic development opportunities. The City Council approved up to $30 million for public infrastructure and sports facilities, with additional site work and costs anticipated due to price escalation and soft costs.
The redevelopment of the Eastland Mall site is crucial for revitalizing East Charlotte, providing economic development opportunities, and enhancing the area's perceptions. The project will support local communities, create connectivity, and offer amenities such as sports facilities, housing, and commercial spaces, ultimately benefiting the region's growth and development.