La Verne Enhanced Infrastructure Financing District (EIFD)

Posted by Kosmont Companies

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District Description

The City of La Verne is proposing a new Enhanced Infrastructure Financing District (EIFD) to assist with financing needed infrastructure to support future development adjacent to the new Gold Line station. The proposed EIFD would spur development consistent with the Old Town La Verne Specific Plan ("Plan"). The Plan was adopted in 2014 after a multi-year process involving the community and local stakeholders in order to address La Verne's future near the planned Gold Line Station.

The proposed EIFD encompasses 100+ acres and is generally bounded by Bonita Avenue to the north, LA County Fairplex to the south, B Street to the west, and N. White Avenue to the east. Currently, the proposed EIFD area consists of industrial uses, vacant lots, and aging commercial structures. In order to incentivize private investment and spur new development, the EIFD is anticipated to support approximately $35 million in much needed infrastructure projects, including but not limited to: transit infrastructure around the Gold Line; connectivity (sidewalks/bridges) to the Gold Line station; utility upgrades and undergrounding; parking structures; water, electrical, and sewer; and roads and streetscape improvements.

For further information, please contact us via OppSites and/or:

Eric Scherer, AICP, Principal Planner, City of La Verne: escherer@cityoflaverne.org; 909-596-8706


**Brochure available for download under "Documents" section below**

Fee Schedule

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Planning & Policy Documents / Request for Proposals (RFP)

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Technical/Environmental Studies

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Financial/Economic Reports

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General/Comprehensive Plan Designation

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Master Plan/Specific Plan

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Zoning Designation

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Height Limits

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Floor to Area Ratio (FAR)

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Dwelling Units per Acre

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Parking Requirement

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Other Requirement

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Environmental Approval / Status

Program EIR for Specific Plan

Zoned for Preferred Outcomes

Political Support

Community Support

Fast Track Approval

Reduced Fees

Costs

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Infrastructure

City plans to establish an Enhanced Infrastructure Financing (EIFD) to support $35 million in infrastructure improvements.

Transportation

Future Gold Line light rail platform

Private Investment

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Local Development Trends & Market Indicators

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Contact Brian Moncrief

Brian, from Kosmont Companies, has more details.

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Sites in La Verne Enhanced Infrastructure Financing District (EIFD)

Created on May 11th, 2017 (last updated 5 months ago)