Truckee Railyard development timeline eyes summer 2016 groundbreaking | SierraSun.com

Truckee Railyard development timeline eyes summer 2016 groundbreaking

A rendering of a balcony view from an apartment planned as part of phase one of the Truckee Railyard project.

TRUCKEE, Calif. — The amended Truckee Railyard Master Plan has been given a timeline to keep the development planned just east of downtown on track for a summer groundbreaking.

At the Truckee Town Council meeting on Tuesday, Dec. 22, Truckee Planning Manager Denyelle Nishimori rolled out the project's processing timeline for the next five months.

"We think this is a pretty aggressive schedule that we've set up," Nishimori said. "We packaged it together — instead of teasing out one thing in front of the other — as one consolidated process to make things faster."

At the Dec. 8 town council meeting, developers unveiled the project's amended master plan, which includes revisions to the 2009 Railyard Master Plan, highlighted by the property's balloon track staying in its current location; the movie/performing arts theater reducing in size; the grocery store increasing in size; and Church Street connecting with Glenshire Drive.

The timeline approved last week is set up for the town to achieve all land use entitlements by the end of May 2016.

This is largely due to town council eying a June 2016 deadline to submit an application to the state of California for a 9 percent low-income housing tax credit for the Truckee Artists Lofts project.

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As part of the project's "Phase 1: Downtown Extension," the lofts would be 78 mixed-use, mixed-income rental apartments ranging from studios to three-bedroom units, as well as a gallery where artists and others may show their work.

At the Dec. 8 town council meeting, developers requested the town consider hitting the first tax-credit application deadline for 2016 in March.

"We don't think that's feasible or reasonable, but we do have some buffer," Truckee Town Manager Tony Lashbrook said last week. "It's not just about the (town) staff, but it's really about the planning commission agenda time that's a constraint."

Based on the plotted timeline, Lashbrook said the town should be able to apply for the low-income housing tax credit on May 11, "assuming that it got approved by the council on May 10."

"If for some reason there was a hiccup or need for more information and it came back to the council on May 24, we would also hit that deadline," he added. "The artist loft is really key to a big part of the financing of this (Railyard) project."

Should the state approve the application, it would bring in more than $18 million in equity to the $28.5 million project, according to previous reports.

"We're appreciative of the town's ability to keep moving us forward so that we can be ready for the June, second round, applications," said Jason Hansford, representative of Railyard developer Holliday Development. "We are working on all the infrastructure plans in parallel with the approvals, as well.

"We're very excited to get started."

While town council shares that enthusiasm, Truckee Mayor Joan deRyk Jones stressed she doesn't want the Railyard's timeline to slow down the processing of other local business projects.

"The Railyard shouldn't be given priority over these projects, if the projects are ready," Jones said. "I don't want what we do to impact local businesses that are working hard on plans to enlarge their business. We've given it our full blessing, but we have to do that in balancing the needs of our entire community."

"This is a commitment from us saying we are willing to put in the time," added Morgan Goodwin, vice mayor. "We can call it aggressive; we can also say we're continuing to make a commitment."

Railyard Master Plan Amendment processing timeline

Jan. 19: Joint town council/planning commission circulation and parking workshop.

Feb. 16: Joint TC/PC master plan and design workshop.

March 15: PC meeting (master plan, development agreement, CEQA review and comment).

April 5: PC review (Rail House Theater, Truckee Artist Lofts, Phase 1 tentative map).

April 19: PC hearing on items in review meeting.

May 10: Town council hearing, first reading.

May 24: Town council hearing, second reading.

More online: Visit truckeerailyard.com for detailed plans, project history, maps and more.