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been between 3-5 traffic studies conducted on McCaslin Boulevard. He explained that <br />each succeeding study found the prior study in error because it predicted too little traffic. <br />He stated that no traffic study predicted the current high level of traffic on McCaslin, <br />even at build out. He felt that all traffic studies are in error and underestimate, <br />substantially, the amount of traffic for their study area. He explained that if traffic is not a <br />problem after the 52,000 sf is developed, Council could allow more development to <br />occur. He stated that on the other hand, if 52,000 sf of developable area were an <br />overestimate, it would result in the inability to maneuver down Main Street. The vast <br />majority of Louisville citizens who have expressed their opinions regarding downtown <br />development do not want it to expand at all. He felt Council was being fair to all property <br />owners by only allowing expansion within the limits of what Main Street can <br />accommodate. He explained that the alternative would be to impose a transportation <br />improvement fee. <br /> <br />Howard agreed that a transferable development rights program would be too complex for <br />in this situation. He questioned where the required parking spaces would be located. <br /> <br />Davidson asked Wood for clarification that the proposed second reading amendments are <br />the ones which limit it to 354,000 sfby area and not by FAR. <br /> <br />Wood replied, yes. <br /> <br />Davidson explained that if Council is in favor of the overall area with FAR, Ordinance <br />No. 1294, as amended, should be adopted. If Council is not in favor of the overall area <br />with FAR, the Ordinance without the amendments should be adopted. <br /> <br />Sam Light, City Attorney, requested to comment on the second version of the Ordinance. <br />He stated that based on the discussion about the ultimate square footage of 354,000, he <br />was uncertain if that was going to be an ultimate number for downtown. If it is an <br />ultimate number, as a permanent number of the amount of square footage in downtown, <br />Council may ultimately be faced with the situation of telling someone that there is no <br />more square footage available. If they have undeveloped property, they may have no use <br />of the land left, other than a parking lot or some other surface use. This could result in <br />Council wrestling with a potential claim of a taking, should Council have to say no to <br />someone who has no other reasonable use of their property. The other effect of the <br />second version is that it segregates the westerly portion of the CC district from the <br />easterly portion. He felt that, ultimately, this leans towards an overlay district of the west <br />half. This is due to Council putting in place a limitation that applies only to the west half <br />of the district. Ultimately, that issue will need to be addressed through an overlay <br />mechanism, in addition to the square footage requirement. What Council is really doing <br />is separating the two sides of the tracks for regulatory purposes, and ultimately, that <br />probably would need to be done by an overlay of some sort. <br /> <br />Sisk asked Wood for the method used to deduce the 354,000 sf for downtown. <br /> <br />Wood replied that it is the gross square footage. <br /> <br />23 <br /> <br /> <br />