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The city will unveil plans to secure a half-block of the Navy Broadway Complex property at a public meeting this afternoon, according to a representative of Mayor Jerry Sanders’ office.

Jim Waring, the mayor’s land-use and development chief, said the proposal, if approved, would reduce developer Doug Manchester’s 2.9 million square-foot commercial proposal by about 250,000 square feet and open up a key piece of the waterfront parcel for open space.

Because the Navy owns the land, the city would have to lease the parcel, which is between E and F streets. Across from Broadway, a 1.9 acre slice is already slated for parkland.

Waring said the city could pay to lease the land with downtown redevelopment funds, which are separate from the city’s strained general fund budget.

Financial details of the proposed transaction were not released.

Waring said the city was working out the details with Manchester.

EVAN McLAUGHLIN

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