In a recent government meeting, officials discussed a significant redevelopment project aimed at revitalizing the historic Dunbar property. The plan includes transforming part of the building into 64 apartment units, renovating the gymnasium and auditorium, and enhancing community spaces and outdoor recreational facilities.

The project, led by Belmont Sayer, will involve an investment of approximately $3.06 million for the outlined work, with the city contributing an additional $450,000 in in-kind services. The total financial commitment from the city over the 19-year, 11-month lease agreement is estimated to reach around $6.7 million, which includes lease payments and due diligence costs.

Key features of the redevelopment include the establishment of community event spaces, a recreational office, and a police substation to ensure safety during facility use. The gymnasium and auditorium will be available for public events, providing opportunities for recreational programming and social gatherings.

The city will maintain control over the community spaces, while Belmont Sayer will manage the residential units through a third-party property management company. The project has undergone extensive community engagement, with at least three public meetings held to address resident concerns and gather feedback.

Officials emphasized the importance of preserving the historic nature of the property, which is listed on the National Register of Historic Places. The redevelopment will adhere to strict guidelines to maintain eligibility for historic tax credits, ensuring that the project aligns with preservation standards.

Parking considerations were also addressed, with plans for approximately 150 spaces, including 50 designated for community events. The city aims to balance residential needs with public access to the recreational facilities.

Overall, the redevelopment of the Dunbar property represents a collaborative effort to enhance community resources while providing much-needed housing options. The project is expected to foster greater community engagement and improve local amenities for residents.