Business Retention and Development Committee Agenda and Packet 2011 04 04

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BRaD Meeting Summary March 7, 2011 Page 3 of 4 FEBRUARY/MARCH ECONOMIC BRIEFING – Bonnie presented a visual exercise showing the movement of small businesses in downtown, closing or moving from one location to another and possible new businesses coming to downtown. BRaD member, Menaker, reported the Chili Hut lost their lease and is liquidating. Bonnie provided an update on the Grain Elevator study – study will be coming back from the consultant with suggested possible uses for the building, but the City zoning will dictate. Sunset Magazine article – this was a 2 year effort making this happen. Article was written in August of last year but was just recently published. Boulder County building on Main Street – County Commissioners are talking mid-March of where they might move and then putting their building up for sale, however, the progress is slow. State Mercantile building – 2 new tenants in the basement BRaD member, Menaker, reported that Bob’s Sandwich Shop should be reopened before the patio season. King Soopers Gas Station under construction and moving along fast. Divine Canine on Highway 42 under construction. Justin McClure, RMCS, gave an update on Steel Ranch that home builder is working fast to start vertical construction targeting spring sale season. RMCS very pleased with the progress. Safeway – some interest from a developer to use part of the building Kiosk is expanding to lease another building at CTC. Collins Machines – closed – bulding for sale. Hoyle Property (property is 30 acres surrounded by CTC) – pre-application came in last week Bonnie reported that she had submitted 2 proposals, one for vacant land and one for building, for the NASA CAMT site. Proposals were submitted to Metro Denver and it’s estimated the City won’t hear anything for 6-8 weeks. The RFP requested vacant land of 200 acres, however, Louisville could only propose 160 acres. Fresca Foods moved into their new building A new merchant group was recently started in the Centennial Valley and the first meeting of 15-20 companies participated. From the first meeting it was discussed the possibility of putting together a website to promote Centennial Valley. City staff is expecting to be involved with this group between 6 months to a year, but after that they should be self-sustaining. It was announced Marcos Pizza moving in to building where Qdoba is located.