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CRA’s plan to rehabilitate the Central Library became a part
of the Library Square development project. We refer to the
parcel of land on which the Central Library is located and four
other parcels on which private development was planned as the
Library Square tract. The Library Square tract consists of: (1)
The Library Tower parcel, (2) the Garage Plaza parcel, (3) the
Grand Place Tower parcel, (4) the One Bunker Hill parcel, and (5)
the Central Library parcel. These five parcels are contiguous or
separated only by public streets or rights of way.
In September 1983, CRA requested proposals under which the
City and CRA would sell the Garage Plaza land and the development
rights to the Central Library parcel and part of the Central
Library parcel to a developer to facilitate development of an
adjacent or nearby site. CRA hoped to finance the rehabilitation
of the Central Library through that sale.
4. Ownership of the Five Parcels
During 1984, MTP and CRA negotiated the proposed Library
Square development project. MTP then owned parts of the Library
Tower and Grand Place Tower parcels. An entity related to MTP
owned the One Bunker Hill parcel. The City owned the Central
Library and Garage Plaza parcels and part of the Library Tower
parcel and the public streets and rights of way to be included in
the Library Square tract. MTP proposed to build an approximately
71-floor building on the Library Tower parcel, an approximately
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Last modified: May 25, 2011