Sioux Falls, SD (KWSN) - Last week the City of Sioux Falls received proposals for a potential opportunity to redevelop a City-owned parcel of land on the West Bank of the Big Sioux River in Downtown Sioux Falls. The parcel is located at 120 East Ninth Street along the river near the curve where Ninth Street and River Road meet.
Since demolishing and removing the River Ramp from this site three years ago, the City has received multiple inquiries regarding the availability of this site for private investment. The City believes this triangle-shaped site on the river may be attractive for a mix of private and public uses, including the possibility of integrating the site with a future phase of the River Greenway.
On December 3, 2015, the City received three unique proposals that convey a range of ideas and multiple uses for this rare riverfront property. The three proposers are JDI LLC, The Banks, and Lloyd Companies. A decision to award a proposal on the property is expected to be announced in early 2016.
“The riverfront location of this site makes this opportunity one-of-a-kind in downtown,” says Darrin Smith, Director of Community Development for the City of Sioux Falls. “We’re pleased with the response we received during the request for proposals process. Each proposal presents a significant and unique opportunity to once again transform Downtown Sioux Falls.”