City Council Agenda and Packet 2018 11 05

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City Council Meeting Minutes October 16, 2018 Page 6 of 14 Guimond reviewed some of the opportunities and challenges affecting the Parcel. Opportunities • Continued support for big box development • Support for walkable, pedestrian friendly uses with active streetscapes and consolidated parking • Openness to new uses including office, residential, and innovative retail — food hall, bowling, recreation, hotel, co -working, small neighborhood office and service retail, event space • This should have a regional draw — reason to get off McCaslin, draw for Highway 36 • Concern about retail uses leaving Louisville and moving East • Sales tax revenue — how to replicate historical patterns, fiscal model • Additional community outreach ideas — RTD Pop up, Meet with Employees, Focus Groups or online questionnaire • Integrate past community input (South McCaslin Area Plan, 80027 Facebook Group) Challenges • The Centennial Valley GDP restrictions • "Parcel 0" CCRs • Limited trade area growth and growth in surrounding cities • Limited inventory of potential retailers to re -fill the empty box • Outdated site development plan • Risk in City process and entitlements • Visibility and access are limited The McCaslin area is still a strong retail location, there is significant daytime population, and it is growing. There is potential to expand neighborhood and community services and retail. There is potential to attract complementary commercial uses. For challenges there are restrictions in the Centennial Valley GDP and covenants for Parcel O. Most of the uses that might work or be interested on this site are limited or prohibited by one or both of these documents. Councilmember Leh stated there is little chance we would get a big box back in that location. He stated we should be realistic in what we can expect to move into that location. There is a perception among residents we will get certain retailers that are not likely to come here. Councilmember Leh asked if there is a way to draw people from outside Louisville to spend their money here. Guimond stated preliminary conclusions are the trade area that Sam's and Kohl's were drawing from is larger than the community trade area this area is likely to get; about a two-mile radius.