Revitalization Commission Agenda and Packet 2015 04 13

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Planning Commission Staff Report April 9, 2015 The study area for the project is along South Boulder Road from Via Appia to the east City limits with Lafayette, and Highway 42/96th Street from Coal Creek Station to the north City limits at Paschal Drive. This planning effort is divided into five phases: desire, discovery, design, discussion, and documentation. 1. Desire — Use community outreach to solicit and document the community's expectations for the corridor and identify specific measures of success (character traits, fiscal performance, transportation system effectiveness, etc.) that will be used ensure those expectations are met; 2. Discover— Analyze the corridor and document the existing performance (zoning build out, fiscal performance, transportation performance) of the corridor to establish a baseline for future comparisons; 3. Design — Outline, with community input, alternative land use and infrastructure scenarios for consideration by the community; 4. Discussion — Test and refine alternative land use and infrastructure scenarios with the community and develop a preferred land use and infrastructure scenario (the Small Area Plan); 5. Documentation — Translates the Small Area Plan into zoning amendments and potentially design overlays incorporated into the Louisville Municipal Code. We are now at the culmination of the "Design" phase of the project, and staff is seeking Planning Commission approval of the three land use alternatives that have been developed through the process. Each land use alternative describes what uses or mix of uses will be allowed on parcels in the study area, rough locations for parks or green space, and in general how tall buildings can be. The alternatives also include projected build out for retail, office, and residential uses. Staff is requesting Planning Commission review and revise the alternatives as needed, then endorse them. Once Planning Commission has endorsed the alternatives, staff will present them to City Council for review and endorsement. After endorsement, staff and consultants will evaluate the three alternatives against the previously endorsed measures of success. Those results will be presented to the public to define the preferred alternative. Alternatives Staff and consultants analyzed the corridor to identify areas likely to change based on market pressures in the next 20 years. These areas were mapped for two reasons: 1) these properties are allowed more development in zoning than is currently built; and /or, 2) the value of the buildings on these properties is less than 30% of the combined total property and building value. 2