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SUBJECT: <br />DATE: <br />2017 BUDGET DISCUSSION <br />SEPTEMBER 12, 2016 <br />PAGE2OF2 <br />business. There may be projects that can minimize the impacts, or improve the <br />connections, between the existing neighborhoods and the redevelopment projects. <br />Louisville Plaza <br />The Louisville Plaza is under new ownership as of 2014 and they may have small <br />improvements planned in the future. The public infrastructure is adequate for the <br />current development and no upgrades have been identified. <br />Village Square Shopping Center <br />The western portion of the Village Square Shopping Center has not seen significant <br />reinvestment and does not match the revitalized eastern portion of the center, <br />containing Alfalfa's, Papa Murphy's, SuperCuts, Elements Massage and the Centre <br />Court apartment project. The owners have considered facade or parking lot <br />improvements to refresh the center, but no decisions have been made, nor an <br />application for assistance. <br />Downtown Parking <br />The growth of downtown, particularly in restaurant and retail operations, has created <br />parking demand in the afternoons and evenings that consume all the supply within the <br />core business area. Patrons are parking in the surrounding Old Town neighborhood, <br />creating concerns for residents. Additional supply for evening use will lessen the impact <br />on the Old Town neighborhood. All day parking is also reaching capacity with the <br />increase in service employees and office uses. Availability of day parking is preventing <br />redevelopment of underutilized properties and makes downtown less convenient for <br />residents and visitors. <br />Downtown Streetscaping <br />With the redevelopment area, South Street Pedestrian Gateway, and grain elevator <br />projects progressing, an opportunity will exist to extend the pedestrian reach of <br />downtown by improved streetscaping, landscaping, and public art. <br />Downtown Entrance Improvements <br />Pine Street from Hwy 42 into downtown is the main entrance point for visitors, and the <br />intersection of Main and South Boulder Road is a close second. Each of these <br />locations lack the amenities to truly welcome visitors to downtown. <br />ATTACHMENTS: <br />1) 2016 LRD Amended Budget <br />2) 2016 09 07 TIF Model <br />LOUISVILLE REVITALIZATION COMMISSION <br />