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THINK BIG <br />STEINBAUGH PLAZA: A COMMUNITY LIVING ROOM <br />Nestled wrthm the heart of Louswdle's bustling <br />downtown, Front Street's flexible urban <br />plaza could be remimagined as a dynamic <br />and inviting space that seamlessly blends <br />functionality wth artistic expression <br />The plaza could be designed In a way <br />that It could be used fora range of <br />actmnes from parking to play <br />Creating a flexible urban plaza offers a <br />range of benefits that contnbute to the well- <br />being and vibrancy of Louisville They foster <br />community engagement by providing adaptable <br />tits for social gatherings, events, <br />and spontaneous Interactions These spaces <br />enhance activation, physical activity relaxation, <br />and a sense of place Flexibility allows for <br />diverse programming, accommodating venous <br />actaztes such as markets, performances, and <br />recreational events Additionally, these spaces <br />often incorporate green elements, contnbutmg <br />to urban sus -tamability and providing a respite <br />born the concrete jungle The adaptability of <br />these areas also supports economic vRality, <br />attract, businesses and promoting tourism <br />Furthermore, by encouraging multi -modal <br />transportation and walkabihty, flexible urban <br />spaces contnbute to reduced traffic congestion <br />and improved an quality, fostering a healthier <br />urban environment Overall, the dynamic nature <br />of flexible urban spaces ennches the urban <br />fabric, making aces more livable and resilient <br />Well -designed public open space like an urban <br />plaza can lead to further economic investment <br />and better performance for businesses near <br />the plaza This heightened actmty can translate <br />to higher consumer spending at nearby <br />businesses such as cafes, restaurants, shops, <br />and entertainment venues Studies have <br />shown that urban plazas can lead to a boost <br />In retail sales ranging from 10%to 30% <br />Further research suggest that vibrant <br />urban plazas can lead to tourism <br />spending increases of 10% to 20% <br />The presence of a vibrant urban plaza can <br />st mutate economic activity and create job <br />opportunities within the community Beyond the <br />direct employment generated by businesses <br />operating in the wordy of the plaza, there may <br />also be opportunities for entrepreneurship <br />and small-scale vendors to thnve during <br />events and festivals held In the plaza <br />CITY OF LOUISVILLE, COLORADO <br />2024 DOWNTOWN VISION PLAN <br />