R7A - Alton Beach Bayfront Overlay - Development Agreement 1250 West Avenue Presentation (1)June 27, 2025 Special Commission Meeting
R7A: 1250 West Avenue - Alton Beach Bayfront Overlay
Development Agreement – Key Public Benefits
• Bikini Hostel Property Acquisition and Demolition/Conveyance to City
(Estimated Value of $20 million)
• Implementation of Baywalk Project
(Estimated Value of $25 million)
• Public Park or Payment to City
(Estimated Value of $2 million)
• Relocation Assistance for Existing Residents of 1250 West Avenue
• Public Access to Hostel Site and Sales Center (11 AM to Sunset)