PUMA has purchase agreements for approximately 40 acres of land in and around the former Imperial Sugar site, including the Char House. PUMA does not yet own the property. To date, the City Council has approved the following:
- A $5 million reimbursement agreement for pre-development and construction costs associated with the redevelopment of the Char House
- A lease agreement for future office space in the Char House. As a creditworthy tenant, this lease agreement will help PUMA secure other financing for the Char House redevelopment.
- Amendment to the Land Use Plan to increase # of multi-family units to 1,200 in the 201-acre Imperial Regional Activity Center.
- Approved General Development Plan – a general land use plan including preservation of historic buildings, and a list of proposed land uses, including 660 multi-family.