Redevelopment Law requires the Agency to approve a Five-Year Implementation Plan describing the projects and activities the Agency intends to undertake in each five-year period. The current Five-Year Plan covers the period 2010 through 2014. A copy of the Agency's Five-Year Implementation Plan is available at the Public Library for viewing or available for purchase at City Hall.
Below is a summary of current redevelopment projects:
Coronado Unified School District Facilities
Through an Agreement for Cooperation, the CDA funds specific capital improvement projects at Coronado school sites in accordance with the Community Development Plan. For more information about planned construction projects, please contact the Coronado Unified School District at http://www.coronado.k12.ca.us/orat (619) 522-8900.
City of Coronado Public Facilities
In accordance with the Community Development Plan, the CDA also funds certain capital improvement projects for the City. The current list of projects is reported in the 2010-2014 Five-Year Implementation Plan
Sharp Coronado Hospital and Healthcare Center Renovations
In 2005 and 2006, the Agency entered into Owner Participation Agreements (OPA) with Sharp Coronado Hospital and Healthcare Center and the Coronado Hospital Foundation to provide funding to renovate hospital facilities. In 2008, the OPA was amended to provide additional funding for improvements to the hospital. This project will provide needed public improvements at the hospital and preserve and improve health care facilities that serve Coronado residents, businesses, and visitors.
Sharp Coronado Hospital Land Purchase Agreement
The Agency entered into a purchase agreement with the Coronado Hospital Foundation to acquire 1/15 of the hospital annually for 15 years via annual payments. The hospital provides an important service and source of employment for the community.
This project will preserve and improve health care facilities that serve Coronado residents, businesses, and visitors.
The Village Theater is a landmark in Coronado. It originally opened in March of 1947 and operated as Coronado's only movie house until it was closed in 2000. In 2008, the Agency entered into a Participation Agreement with an operator for renovation and operation of the Village Theater as a first run move theater through at least 2026. The operator will be responsible for renovation of the theater with a grant from the Agency.
Completion of this project will restore vitality, encourage participation from business owners to revitalilze the area and promote economic development by providing an attractive, well serviced environment.