Laserfiche WebLink
<br />Property Challenges: <br /> <br />e Uncertainty of commuter rail (no defined timing or commitment from RTD) <br />G If commuter rail does comes to this area, the rail will require up to 500+ parking <br />space (not including parking for other uses) <br />o Mid-block location along Hwy. 42 corridor-difficult for retail <br />o Open Space/parks on other side of Hwy 42 limits to single sided retail only <br />\!I Limited access until signalized at Short Street <br />o Multiple property ownerships with different objectives <br />o Current zoning limits density around rail station <br />o Noise from freight rail <br /> <br />Development Issues: <br /> <br />o Excellent site for mixed use development: Neighborhood retail, office, and <br />residential <br />o Do not have a station area development plan as counterpoint to RTD surface <br />parking plan <br /><I> Uncertainty of commuter rail, will require a two pronged approach: <br />o If commuter rail does come, how to get the type of development desired in <br />lieu of the surface parking plan currently on the table <br />III How to finance the $10 million likely necessary to pay for a <br />parking structure (s)? <br />1!11 Current Design Standards and Guidelines limit developer's ability <br />to contribute to public objectives <br />1!11 How to guide current development in the area until transit arrives <br />so it is compatible with TOn objectives <br />o If commuter rail does not come, what is the future of that area? <br />III Will there still be a need for the pedestrian underpass, internal <br />roads or signalized intersections along Hwy. 42 <br />Iii If so, who is responsible for the costs and what will be the source <br />of funding <br />o New development could compromise future land development opportunity <br />e Retail potential is likely to be limited to neighborhood retail on the site <br />\!I Current retail market is slow, if not stagnant at this time <br />\11 What other civic uses could anchor redevelopment and help rebrand this area? <br />o Development in this area is likely going to need to be a public/private partnership <br />with the City, RTD, Developers and possibly land owners <br /> <br />15 <br />