Historic Merced Theatre
The Redevelopment Agency is actively working to restore the historic Merced Theatre. The first phase of rehabilitation included a complete restoration of the 10 residential units and 6 retail Main Street storefronts. Construction has already been completed for both uses and all residential lease units have been filled. The Redevelopment Agency is seeking tenants for the newly restored commercial spaces. The Merced Theatre Foundation raised funds and completed phase II which included the restoration of the iconic tower. The third phase is being spearheaded by the Merced Theatre Foundation as well. Funds are currently being raised for the complete restoration of the theatre's interior with the intent of revealing the theatre's original grandeur. Upon its completion, the landmark will provide the community a superb venue for artistic events and community gatherings.
The opening of the Theatre is scheduled for February 2012 with 1,100 seats and state of the art facilities and equipment. A $14.5 million historic and new market tax credit investment deal was arranged between the Agency, Merced Theatre Foundation, PNC Bank, Wells Fargo Bank and F&M Bank. This deal has allowed the Agency and Theatre Foundation to realize their respective goals of making this landmark once again operational and thriving.
If you would like to contribute to this effort by "Buying a Brick" or "Taking a Seat", please visit the Merced Theatre Foundation website.
City Center Street Improvements-W. 18th Street
The Agency and City are undergoing a public improvement project along W. 18th Street from N Street to G Street to reconstruct the roadway, add new decorative lighting, brick work and landscaping. Angle parking is also being added to increase available parking. Funding from the American Reinvestment and Recovery Act (ARRA) and the Agency made the project possible. Photos below show the significant progress made on the project. The project will be complete in September 2011.
The 2007 Downtown Strategy states that the Agency should make efforts to rehabilitate, reconstruct and revitalize the Midtown District, generally located between W. 18th Street to W. 27th Street and Martin Luther King Jr. Way to G Street. The Agency has taken many steps in the right direction to purchase and demolish structures that have been a blighting influence on the historically sensitive district. In addition, the Agency has worked with property owners in Midtown to offer Residential Facade Improvement Grants to substantially rehabilitate older structures that are in need of maintenance. More information on the grant program can be found here: Residential Facade Improvement Grant Program.
The goal of Agency reinvestment in this district is to create a residential community that has historical character and a unique walkable urban ambiance. New construction of single and multifamily housing are currently being designed for the corner of 18th & I Streets that will be historically sensitive while also urban in character and design. Pending available funding, the Agency is also in the process of conceptually designing public improvements to the district including signage, rehabilitated sidewalks, pedestrian crossings and angle parking at some locations.