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CATALYST SITE #S 1 Coal Creek Station <br />South Boufder Rd. <br />*l.- I .r � j' if A— <br />[ + I L11 <br />0 <br />C <br />q <br />r+ <br />U) <br />1< <br />b■ <br />le <br />There are restaurants and options, <br />rig ht nea r the Hwy 42 a nd South <br />Bou Ider Poad wh ich makes the area a <br />primary opportunity for housing <br />redevelopment. <br />The site has a single owner, so the <br />URA could acquire the property and <br />attract a developer. It is also a good <br />opportu nity far con nectivity and/or <br />structured parking. The area had a <br />P U D in place for multi -family <br />redevelopment but the PUD has <br />expired, as the owner may not be <br />motivated and the City restrictions <br />may have been significant. <br />Next Steps for the LRC <br />■ Understand desires of the <br />property owner <br />■ Outline LRC incentives that <br />advance community values <br />• Consider leveraging Future 42 <br />or underpass projects as part of <br />a larger investment <br />• Extend a bike trail or bike lane <br />from Coal Creek Trail to <br />downtown <br />DOWNTOWN COLORADO, INC (DCI) Louisville Revitalization Commission Downtown Strategy Report Page 24 <br />Agenda Packet P. 30 <br />