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O1/19/96 14:37 $50~ 588 6094 ~ID wILL VAL COG ~~~ ~ C FACIL MGMT C~004 conducted by the transit property in 1995, which resutted in a confirmation of the Senator Block as tfie preferred [ocation for the downtown transit transfer center. PR~JECT DESCRIPTION The overall project, known as "Courthouse Square,° is an innovative approach to meeting the combined needs of locai governments, the transrt operator, and, area business intetests to construct a vibrant addifion to the downtown Salem core area. Consisting of a multi-storied structure utilizing the entire bfock (Figure 7), the new building wi[l house the relocated SAMTD downtown transit center and customer services (1 st floor, Figure 2)~ pedestrian-friendly retail operations (1 st f[oot); County, SAMTD and other govemmental offices (4th and 5th floors}; ptivate tenant offices [4th and 5th floors); County and tenant parking facilities (2nd and 3rd floors}; and a central, coveted atrium area (above the bus bays). The number of fioors in the ~nal struchtre may increase after the private deveIoper is selected. 1n a larger context, this project will provide a community asset that redevefops an aging, underutilized goverttment owned block within tF~e downtown core area, as well as restore unproductive property to the tax rfltls. 1MPLEMENTATtON PL.AN The transit district's parficipation in the project ~I is [Fmited to outright ownership of the busbays and bus operations area, 15,000 square ~eet of fitst floor space (transit waiting area, etc.), and 25,000 square fieet of upper floor office space. This represents just over 20% of the officelretail space in the proposed sYructttre. ~ Projected costs to the transit district for planning, development and construction ~.,5 ~~6.0 million doliars (20% of the toial), of which $4.8 million is expected to come fram Sec. 3 funds which are current[y pragrammed for FY 96 in t[Ze adopted SKATS TIP. As currently envisio~ed, the tata[ project is estimated to cost approximatety ~30 mil[ion dot[ars, witFt the non transit porfian coming from Marian Caunty and the de~eloper. fn February, 1996, the County will issue a request for proposafs (RFP) for a private devetoper to design, construct and finance tfie project. Construcfion is expected to be compteted in 1999. SI'TE LOCATtON The Senator Block is tocated in the eastern portion of the Salem Downtown Core Area (Figure 3). lt is bordered by High Street on the west, Chemeketa Street on the north, Church Street on tE1e east and Court Street on the south. It lies across the street from the Marion County Courthause, approximately 3 biocks west of the