The Special Committee on the Future of Downtown met on March 23, 2026, at 10:00 AM. The meeting covered two main agenda items: an update from the Downtown Investment Authority (DIA) and a presentation on focus area one regarding public realm coordination. Key discussions focused on aligning governance, funding, and operations for downtown public spaces, as well as updates on development projects and planning initiatives.
DIA Update (Colin Tarbert, CEO)
Councilmember Questions/Comments
Public Realm Coordination (Laura Edgecombe)
Councilmember Questions/Comments
All right, we're gonna go ahead and get started here. It is 10 o'clock. Monday, March 23rd. Welcome to the special committee on the future of downtown. We're gonna go ahead and start with introductions to the left. Ray Norris for the administration. Colleen Hamsey, Council Research. Carla Schell, Office of General Counsel. Philip Peterson, Council Auditor's Office. Good morning, Jimmy Pelusa, City Council District 7. Ron Salem, group two at large. Joe Carlucci, District 5. Matt Carlucci at large group four. All righty. So today we've got just basically two things on the agenda. We're gonna go through what our focus area. One was Miss Laura Edgecombe's gonna share that with us. We have Colin Tarbert, CEO of DIA. We're gonna start with Mr. Tarbert, since his will be a little bit shorter and we can kind of just take that as it comes right here. We have it on our desks. So with that, Mr. Tarbert, go ahead and take it away. Tell us what you guys have been up to and how we can help if any helps needed. Floor is yours. Sure. Well, good morning, everyone. It's good to see everyone. I think we need to need this to uh change the slides to DIA if that's possible. If there is someone in the back, can we have which one is it this one? Yes, sir. Can you change it to this, Steve? Oh the man behind the curtain is working. Or woman, whatever. Great. Thank you very much. Uh so today I'm just gonna give some updates from our uh last meeting. Uh there's a lot going on at DIA in downtown. Uh my name's Colin Tarbert. I'm the CEO of the downtown investment authority. Um, and so to cover a couple of our uh initiatives, I want to start off um by talking about the financial consultant and incentive study. Um this was an effort that's been underway for for some time. We have received uh JPAC approval for the consultants to help support our underwriting and incentive evaluation. Uh so just to remind the committee, um Mr. Kelly retired um in uh early January, and Steve was doing most of our underwriting. We were doing it in-house. Um even before Steve's retirement, we had discussed the idea of augmenting uh some of DIA's resources with having a third-party financial consultant. We issued an RFP in um, I want to say either October or November of last year. Um we received uh numerous proposals and we went through a process and have engaged with three um financial consultants, um, kind of varying different disciplines and background. Um those were brought to to JPAC, and um we're now negotiating the final contracts, which will also go back to JPAC.