Revitalization Commission Agenda and Packet 2018 12 10

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Revitalization Commission Minutes November 13, 2018 Page 4 of 5 Economic Development Director DeJong summarized his direction from LRC: LRC - Walk thru evolution and present these three options to Council. Commissioners Dalton and Menaker along with DeJong will discuss the presentation prior to the November 27th meeting. • McCaslin Area Development Study Danica Powell from Trestle Strategy gave a presentation. She has worked along with Economic and Planning Systems, who the City contracted to conduct a Market study to determine what is next for Sam's Club area. Market analysis — brick and mortar going away. Retail spending is changing: either inexpensive or experience — oriented /handmade /local — see study attached to these minutes. No one left to come back and fill the box. What questions / data point must be answered/considered? Commissioner Dalton said he attended a Saturday session. He believes the consultant is getting bits and pieces from public. When you present to Council, in order to open the conversation fully, ask Council to rezone Centennial Valley to allow more uses, then propose that to developers. Create an opportunity for market to respond. Ms. Powell said there is most likely no one user to use the building. Perhaps it could be broken into smaller uses. She advises creating predictability and creativity. Her survey results show the market divide is not far off from reality. Public is very descriptive. Commission Gorsevski advocates for green space — gathering spaces, bikeable, walkable. Commissioner Lathrop said there seems to be trending to mixed use; could be supportable? That is encouraging. Koebel not satisfied with situation and ready to look at options to move forward. Ms. Powell said Commissioners can go to Engagelouisville.com to fill out survey • DELO Update Justin McClure thanked Commissioners. He is concerned about occupancy at Delo Station. Occupancy is currently at 43% occupancy. Soft retail/restaurant market; they can't afford the rent. Delo Lofts West project getting off the ground and he is excited about the project. Implementing access improvements on Hwy 42 will be very helpful and he would like the light at Short St.