For Economic Development Committee March 27, 2025
TO: Honorable Economic Development Committee Members
APPROVAL: Colby Cataldi, Director of Community Development
FROM: Paul Guerrero, Economic Development Manager
Title
Downtown Vacant Property
Body
BACKGROUND
Over the past 15 years, the City of Rialto along with the Redevelopment Agency and the Housing Authority has acquired land within the Rialto’s Downtown area to support future development initiatives. Recently, the City secured Southern California Association of Governments (SCAG) grant funding to facilitate the strategic planning, disposition and development of these properties. The objective and focus is to expand on housing and commercial opportunities that will further the economic development goals for the Rialto’s downtown community.
ANALYSIS/DISCUSSION
To advance these efforts, the City has developed a Request for Proposals (RFP) to engage a qualified real estate and economic development consulting firm. The selected firm will provide expertise in:
• Real estate and economic development feasibility;
• Affordable housing development strategies;
• Financial assistance and funding mechanism;
• Disposal of publicly owned properties; and
• Partnership to encourage private sector development.
This initiative aligns with the Catalytic Housing Initiative, which aims to increase residential capacity and economic vibrancy in Downtown Rialto. The consultant will support the City in preparing multiple sites for affordable housing, identifying solutions to overcome development challenges, and fostering collaborations to maximize redevelopment opportunities.
The RFP is scheduled for release at the end of the month, with a 30-day submission period. The scope of services outlines key tasks and deliverables, all of which must be completed by May 1, 2026. The recently adopted Downtown Specific Plan will serve as the guiding policy framework for this project, ensuring a cohesive and strategic approach to downtown revitalization. Additionally, staff will provide updates as the RFP process progresses and as key milestones are achieved in the development of City-owned downtown parcels.
RECOMMENDATION
Staff is available to any questions and receive input from the Committee.