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Presentation given by Team Corona, economic development department for the city of Corona at an ACRE event held at the Ontario Convention Center.
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Team Corona—Economic Development
Demographics
Total Payroll- $3.23 billionIncrease of 94.2% since 2000
More than 85,000 employees1 job for every two residentsPopulation150,000
Average Household Income- $84,64132.7% of HH eared $100,000
GIS—Geographic Information
System
Workforce TV
Loopnet Commercial
Link to Caltrans web site for project information: http://www.dot.ca.gov/dist8/projects/riverside/sr91greenriver/index.htm
Responsible Agency: CaltransConstruction Began: April 2007Construction to be Completed: April 2009Construction Cost: $22 Million
Construction ScheduleBegin: January 2008Completion: February 2010Construction Cost: $15 Million
Magnolia Project Magnolia Project
Daniel L. Rittatore736-2297
Judi Staats739-4946
Michell Skipworth279-3690
Economic DevelopmentTeam Corona
City of Corona-Redevelopment Agency
Cynthia Lara
REDEVELOPMENT
GENERAL APPROACH:All efforts and activities are to position Agencyfor FUTURE development:
~Land Assembly/POSSESSION~~Monitoring Market, City & Agency NEEDS~~COMMUNICATION w/Development sector~~FINANCING opportunities~~Internal COLLABORATION w/City Dept.~~ENTITLEMENTS~
REDEVELOPMENTDOWNTOWN:~Prime LOCATION:
-FREEWAY access (91FWY & I-15)-High VISIBILITY-Near PUBLIC TRANSIT-Adjacent to MEDICAL hub
~Development Options – MIXED USE~Agency role –POSSESSION
-Corona Mall (17 prop. – approx. 12 acres)-West of Corona Mall (12 prop. – approx. 3acres)
REDEVELOPMENT
NORTH MAIN STREET
REDEVELOPMENT
North Main Parking StructureConstruction Start: January 2008Est. Construction Completed: July 2009
