Discussion about Market Assessment results and Development Alternatives for the 32-Acre Parcel at the Flagstaff Airport and seeking council direction.

The City of Flagstaff owns 32 acres of undeveloped property on the Flagstaff Airport and wanted to know what potential best uses could be supported at this location. The property is located east of Interstate 17, northwest of John Wesley Powell Boulevard, and southwest of South Pulliam Drive.

Coffman Associates conducted a Market Analysis and identified the potential demand for possible uses, which was based on the existing real estate market and historical population and employment growth as well as projections. It also included an assessment of the area's strengths and constraints relative to business development, the economic conditions of the immediate market/trade area, as well as the greater Flagstaff market, and a high-level analysis of market trends.  This assessment helped guide the development of a conceptual plan for the 32 acres.

Based on the results of the Market Assessment, there were five alternative Concept Development Plans prepared for the 32 acre parcel.  The Concept Development Plans are included in this report to be reviewed for evaluation for the pros and cons of each alternative and review comments.

 

The attached power point presentation and discussion during the Council meeting will provide the Council and our citizens an opportunity to review the Flagstaff Airport 32-Acre Market Assessment and the Development Concept Alternatives.   The meeting will also lend direction for the staff on next steps, where the ultimate goal is to increase exposure, activity, and revenues to the Flagstaff Airport.