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28? <br /> <br />March 24, 1981 <br /> <br />At a regular meeting of the City Council held on March 24, 1981, there were present: <br /> <br />J. E. Johansen, Jack P. Barnes, Ben A. Beamer, Sr., J. Robert Gray, Edward L. <br />Oast, Jr., Gloria O. Webb, Morton V. Whitlow, G. Robert House, Jr., City Manager, <br />Steven Lieberman, City Attorney. <br /> <br />with <br /> <br />Rev. Edward M. Garrett, Jr., Pastor, Cradock United Meihodist Church, opened <br />prayer,followed by the Pledge of Allegiance to the Flag. <br /> <br />Mayor Johansen welcomed all visitors in attendance. <br /> <br />the meeting <br /> <br /> Mbtion of Mr. Gray and seconded <br />1981; minutes of the regular meeting <br />adopted by unanimous vote. <br /> <br />by Mr. Barnes, minutes of the called meeting of March 10, <br />of March 10, 1981, to be approved ~s received, and was <br /> <br /> 81-100 Mr. G. Robert House, Jr., City Manager, was given the Oath of Office by <br />Corinna B. Jeffreys, City Clerk. <br /> <br /> 81-101 <br />held: <br /> <br />Public Hearing on the Revised Crawford Harbor~Waterfront Development Plan, was <br /> <br />The following spcke in favor of the Plan: <br /> <br /> Herbert Bangel, Chairman of Portsmouth Redevelopment & Housing Authority, made the <br />following presentation: <br /> <br /> "On behalf of the ~Board of Commissioners of the Portsmouth Redevelopment and Housing <br />Authority, I appreciate this opportunity to address you this evening in connection with the <br />prcposed amendment to the Crawford Harbor Waterfront Development Plan. The staff of the <br />Authority and the City, along with Project Planner and Architect Aldo Cossutta and Economist <br />Philip Hammer, have worked very closely in a review of this development scheme which was <br />endorsed by the Commissioners, by the City Council and by many other organizations in our <br />community in 1975. ~n view of a number of economic and physical factors, and since we are <br />at the midpoint of the initial ten-Fear time frame for the Plan, it is an appropriate time to <br />review this important scheme to insure that we maximize the benefits that will accrue to our <br />community in the rebuilding of the waterfront which represents one of the most valuable tracts <br />of land in the city. <br /> <br /> Before further addressing the revision before you, I would like to mention that the <br />Authority and the Board of Commissioners are pleased with the progress to date in carrying <br />out the Waterfront Plan, particularly in view of the high interest and construction costs <br />which we have experienced during the past four years. In summary, the $28 million in new <br />private investment which is either completed or under construction at this point will ultimate; <br />generate in excess of $350,000 in tax revenue annually to the city, versus the less than <br />$100,000 received from the entire waterfron~ prior to the rebuilding plan. This criticall~~ <br />needed revenue, and the other benefits which shall accrue to our community through these pro- <br />jects, are certainly in line with the objective outlined in 1975 for the Crawford Harbor Plan <br />and we are pleased to make this report. <br /> <br /> The Board of Commissioners of the Authority has reviewed ~nd endorses the revised plan <br />and feels that it affirms those basic goals, initially defined in 1975, which addressed the <br />extremely important objectives~ of attracting people back to our downtown, both shoppers and <br />permanent residents, enhancing the tax base of the City of Portsmouth, and maximizing the <br />use of undeveloped and underdeveloped property. <br /> <br /> We feel that the plan is welt conceived and represents a direction which is in the best <br />interests of our overall community; accordingly, we would encourage City Council to approve <br />the Plan presented this evening. With particular reference to recent comments regarding the <br />retention of the former City Hall Building, we feel that on the basis of economic and physical <br />data, this building cannot be rehabilitated, and that its retention could very well serve as <br />a negative influence on the marketing of property in this sector of the waterfront. In today': <br />economy, the attraction and financing of any development of the type we are proposing for the <br />waterfront is extremely difficult. To mak-~--this job mo~e difficult by virtue of the retention <br />of the Old Municipal Building would not be in the spirit of the 1975 plan and what we recogniz~ <br />should he our direction for the 1980's." <br /> <br /> Michael A. ~ay, Executive Director, Portsmouth Redevelopment & Housing AuIhority, <br />informed Council that the following individuals had sent letters ~ndorsing the up-dated <br />Waterfront Plan: (Copies to be on file) <br /> <br /> Robert W. Wentz, Jr., President, Eastern Division, Virginia Federal Savings & Loan Assn. <br /> V. ~, Zodda,President, Victor Management Company, Principle in Portsmouth Hotel Associates, <br /> currently under construction upgrading and expansion of the Holiday Inn at the northern <br /> sector of the waterfront. <br /> Milton M. Phillips, President, Downtown Portsmouth Associatian, Inc. <br /> Tom Howard, Project Manager, Radnor/Barge Partnership <br /> Ronald A. Nicholson, Principle, Crawford Harbor Associates, developer of the high-rise <br /> residenti~tower currently under construction. <br /> John Paul Hanbury, 208 Washington Street, gpoke in favor of the Plan as presented, but <br />spoke against saving the Old ~eahoard Building (M~nicipal Building). <br /> Charles B. Whitehurst, 6521 Bickford Eane, representing the Portsmouth Chamber of Commerc~ <br />made the following presentation: <br /> <br /> <br />