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The Logan Triangle
Beginning in 1986 when the problem of subsidence
in the area was first identified in an engineering study, the City developed a program of acquisition and relocation assistance to residents
of the Logan Triangle Area using a combination of state and federal
grants and Section 108 Loan funds.
With relocation more than 90% complete, the Redevelopment Authority issued an RFP for the reuse of the site in 2006. The Reinvestment Fund performed a market feasibility and geotechnical analysis of the site. The study determined that this site can support a mix of commercial, retail and residential (particularly senior housing) development, as well as the potential costs of special construction on existing soil.
The redevelopment of the Logan Triangle is a key element to the revitalization of the greater Logan community. OHCD is preparing the Logan Triangle as a Tax Increment Financing District, where a portion of the taxes generated by the Triangle's redevelopment will be used to finance other redevelopment and neighborhood beautification projects in the Logan Community.
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