What is the SIA (Strategic Investment Area)?
The Strategic Investment Area (also referred to as the “SIA”) is an approximately 330 acre area south and east of downtown, including portions of the Ridge Street, Belmont Carlton, North Downtown, Martha Jefferson and Fifeville neighborhoods. This target area was identified by the City as a potential “growth” area due to its low density and available land areas, and its location as a gateway to Downtown, including pedestrian connections to the Downtown Mall area.
WWhere is the SIA?
The SIA is bounded approximately by the CSX Buckingham Rail Line, Rialto Street, Ridge Street, and Palatine Avenue and extending north to include a small area bounded by East High, 8th Street NE, and 10th Street.
DOWNLOAD: SIA Boundary Map
What is the Purpose of the SIA Plan?
“To initiate a transformational process to engage stakeholders, city staff, and members of the greater community in the future of the Strategic Investment Area.”
• To provide guidance for future redevelopment and investment in the area
• To provide guidance for improvements to affordable housing, including existing public and assisted housing
• To provide guidance for improved connections throughout the area
• To provide recommend strategies for expanding employment opportunities within the SIA
DOWNLOAD: Strategic Investment Area Plan
What is the SIA Plan designed to do?
The Plan designed to guide redevelopment of the SIA area, referred to as the SIA Plan, is intended to provide guidance for targeted investment and improvement in the target area and for improved urban design to create a better quality of life. It also anticipates redevelopment of the Charlottesville Redevelopment and Housing Authority and the Friendship Court sites. The Plan was initiated in order to create a transformative process for redevelopment and to identify key strategies for both public and private development.
What the SIA Plan will NOT do?
• Displace or relocate people
• Deny residents the opportunity to participate in the planning process
• Encourage incompatible development/redevelopment
• Demolish Public Housing Units and not replace them in FULL
• Encourage a system of economic injustice