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Track III. Redevelopment <br /> The City of Everett supports, encourages and urges the redevelopment of its <br /> central city, in particular, Downtown, Riverside, Riverfront, and Harborfront <br /> districts. <br /> A. The City has proposed the formation of a public development corporation <br /> (PDC) chartered by City Council. The PDC will provide the community <br /> certain organizational, financial, legal and administrative tools to accomplish <br /> significant economic and physical improvement. Moreover, the PDC will <br /> serve to shape civic, business and public leadership inspired to implement the <br /> physical and economic redevelopment of the City. <br /> B. The City will initiate a central city redevelopment plan focusing on the <br /> Hewitt Avenue corridor from the Snohomish River to Port Gardner Bay and <br /> extending generally from Everett Avenue to Pacific Avenue. Such a <br /> redevelopment plan should address: <br /> 1. Office, commercial retail and residential needs of the Downtown, <br /> Riverside and adjacent areas. <br /> 2. Commercial recreation, entertainment and cultural opportunities along <br /> the Harborfront and Riverfront. <br /> 3. The development of the Henry M. Jackson Center. <br /> 4. Beautification and arterial improvements along gateway avenues. <br /> 5. Historic redevelopment of the Monte Cristo Hotel, Riverside District <br /> and areas along Hewitt Avenue. <br /> C. Beyond physical rehabilitation of its central district, the City will pursue <br /> programs to stimulate and stabilize economic growth. Marketing and <br /> promotion of the community must be done in tandem with physical <br /> redevelopment planning if the City is to realize true and meaningful <br /> revitalization. • <br /> D. Partnership: City, Port officials, Everett Ventures Group, Downtown Everett <br /> Association. <br />