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Metro Everett Redevelopment Areas <br /> Existing buildings vary in quality, extent of n.■.■■,■ <br /> IIIII <br /> improvements and maintenance. Potential 111111 liii <br /> redevelopment sites can be identified by <br /> looking at the assessed value of "® ■ .I. .1111' <br /> improvements (e.g. buildings) in relationship at <br /> to the assessed value of land. - s_ ...,r----• .,.,°, . ■ ,_ IllIll <br /> 111,110 <br /> Where the value of the improvements is F 7 i =1_/Ii <br /> equal to or less than the value of the land, it "`'� '""'" , . " flit <br /> 1 ite <br /> indicates potential for redevelopment. For ' ' <br /> example, a property with an assessed land . '' 1 ,, -1;1.11119LiF:.r r■■n■ <br /> value of $150,000 and assessed building Z 9,I iy- l F1 <br /> 5 <br /> improvements of$75,000 would have an . ' -_ Al <br /> NB <br /> • <br /> improvement to land ratio of 0.5, and would ' " 4 J <br /> be considered a potential redevelopment 211 2 to i ti LL• ‘ I i , <br /> site. _• _i, t'�. �� <br /> �; ti �� = .. .,am • . i <br /> The first public open house held on May 9, _ ; <br /> P P Y 1 <br /> li <br /> 2016 provided an opportunity for � ' ', , 01111 <br /> ip <br /> urn <br /> aeasnMetro :Everett that should be prioritized for , 111111 'al <br /> development, along with strategies for ,/ ', <br /> redevelopment. Figure 3:Target Redevelopment Areas(grey=public/nonprofit;red=high I/V ratio;yellow/green=low I/V ratio) <br /> Seven study areas were identified based on redevelopment potential. They included: <br /> • Area I -west end of Hewitt below Grand Avenue • Area 4 - Broadway from Hewitt to 32nd <br /> • Area 2 - Post office area • Area 5 - Lowe's <br /> • Area 3 - Hewitt Avenue between Wetmore and • Area 6 - Everett Station west of railroad <br /> Broadway • Area 7 - Everett Avenue <br /> Chapter 4,Land Use 4 August 29,2018 <br />