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TO: MAYOR AND CITY COUNCIL <br />FROM: MALCOLM FLEMING <br />CITY MANAGER <br />DATE: October 28, 2008 <br />SUBJECT: Update/Discussion -Highway 42 Market Analysis <br />ORIGINATING DEPARTMENT: City Manager's Office <br />SUMMARY: The City hired Economic & Planning Systems (EPS) in 2008 to complete a <br />market analysis and evaluation of public financing potentials for the Highway 42 redevelopment <br />area. An executive summary of the findings is attached along with a power point presentation <br />to be reviewed at the study session on the evening of October 28, 2008. <br />Representatives from EPS will be in attendance Tuesday evening to present the findings. <br />Louisville Revitalization Commissioners will also be present to review the market analysis and <br />evaluation. <br />FISCAL IMPACT: Should the City desire to pursue public infrastructure improvements as <br />suggested in the presentation, funding/financing will have to be determined based on priority <br />projects, cost and potential TIF revenue. <br />RECOMMENDATION: Discussion <br />ATTACHMENT(S): Executive Summary, Power Point Presentation. <br />~ ^ SUBJECT <br />Update/Discussion <br />Highway 42 Market Analysis <br />AGENDA ITEM <br />