February 10, 2009

DECISIONS ON HERITAGE SQUARE
WILL INCLUDE COMMUNITY INPUT

The City of Pasadena is renewing efforts to move the Heritage Square development project forward.

The five-year process for selecting a developer has been unsuccessful for the proposed mixed-use project, which would be built on nearly three acres on Fair Oaks Avenue between Orange Grove Boulevard and Painter Street owned by the Pasadena Community Development Commission.

Exclusive negotiations in the most recent endeavor were terminated in December 2008. Obstacles have included the complex nature of financing for affordable housing as well as challenging economic and housing market conditions.

Next steps will include an assessment of feasible development scenarios, establishment of project parameters and criteria for developer selection.

Community participation will be essential as the project moves forward.

To receive project updates and alerts about community meetings, email jwong@cityofpasadena.net or call (626) 744-8316.