Planning Commission Agenda and Packet 2012 12 13

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Planning Commission Meeting Minutes November 29, 2012 Page 6 of 11 Lipton stated Downtown was very different at that time than what it is today. He added Centennial Valley was supposed to be a regional mall. Pritchard stated this area has been indifferent therefore it should be focused on during this Comp Plan. Russ stated this is your opportunity to be proactive before we have development potential. O’Connell stated this is definitely a third center. She stated downtown is a destination, but this area truly is a Center. It needs to be more of a one stop area. It needs to be more walking friendly so we will stay in the area. But it also needs to keep a Louisville character. Russell stated we definitely need to push the density. He stated this area does have some bright points but they need to be accentuated. It definitely is an urbanized area. Tengler stated he agrees with everyone who spoke before him. He stated he doesn’t even want to discuss Options #1 and #2, he believes this should be the only option. Option #4 – Three Centers and Urban Neighborhood; Pop. 23,000 (check the exact number) Russ stated Option #4 is a modification to Option #3 with the additional neighborhood in the Centennial Valley. He then showed the detailed sketch, which included an office and a residential mix in Centennial Valley. He added there also could be a public trailhead allowing access onto Davidson Mesa. This neighborhood would provide the density to allow for a TOD to occur at the BRT area. He stated office is not a good neighbor. O’Connell asked if this would require a zoning change. Russ answered in the affirmative. Moline asked if there is a method to bank this area for the future and not now. Russ stated the immediate need is for commercial stabilization. He added if you don’t think the timing is now then it will stay vacant. Lipton stated this option will have an impact on the retail. He added this one definitely should be vetted publicly. Russell asked if there are any facts on the vacancy of class A commercial. Russ stated Jeff Sheets told staff the market is turning around and vacancies are reducing. Lipton stated he agrees with staff that the area will remain vacant and will be the last area for any major development. Russ then presented the Transportation Ideas, School District statement, Market Considerations – Buildout Scenarios, Market Conclusions, Inflow/Outflow of Workers, Retail Exposures, Fiscal Considerations, etc.