Redevelopment of Champaign, IL neighborhood made possible through P3

After years of waiting and negotiating, redevelopment of north Champaign’s Bristol Place is on the horizon, with tenants scheduled to be accepted to the affordable-housing neighborhood in the first part of 2020.

“It feels like it’s finally coming to life,” Champaign Neighborhood Program Manager Jennifer Carlson said after a deal was completed to form a public-private partnership between the city, the Housing Authority of Champaign County and AHDVS, an Orland Park-based, black-owned development firm.

“It’s been a very long process, so when all the work is finished, the city envisions that Bristol will be a community of choice for people,” Carlson said.

The city is focused now on the next step of development: Awarding about $12 million of construction contracts to build 64 single-family homes and 26 townhouse units. That’s Phase 1, which comes with a price tag of about $19 million, Carlson said.

At least 30 percent of the contracts for that work will go to local business owned by minorities, women, the disadvantaged and veterans. The terms of the public-private agreement also require the AHDVS development team to hire at least 10 local workers, with preference given to Bristol Place residents displaced by the redevelopment.

“We do expect those goals to be met,” Carlson said. “But it’s the developer’s job to do everything in terms of construction.”

Read more here.

Join P3KY Newsletter

Join our Mailing List