Economic Vitality Committee Agenda and Packet 2024 12 04

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Economic Vitality Committee Meeting Minutes October 2, 2024 Page 2 of 5 Manager Zarate added that the November Business Beat will be for Professional Services businesses, and the December Business Beat will be for South Boulder Road businesses. 7. Development Updates Discussion: Manager Zarate gave development updates on several notable properties in Louisville. Chair Dickinson asked whether the interest in the former Wildwood Guitars property at 800 Main Street was for lease or purchase. Manager Zarate responded that there have been talks around redeveloping the property, which could ultimately include a partnership or potential purchase. Chair Dickinson asked whether there has been conversation with the owner of the former Waterloo at 809 Main Street being the financial backer for the cost of the required tenant improvements to activate the space. Chair Dickinson noted that the landowner of his property did this, lending the tenant the money to complete the tenant improvements and then adding the cost back into the lease. Councilmember Fahey asked whether there was an issue with the previous contractor/construction company. Manager Zarate responded that she had not heard that, but noted that it is not uncommon for properties to switch contractors in the middle of projects. Councilmember Fahey asked whether the building could be landmarked, allowing the building to receive Historic Preservation funding. Manager Zarate confirmed that the property has been landmarked and has previously received Historic Preservation funding for exterior improvements. Councilmember Fahey asked whether the Birdie Bar at 947 Pine Street will include adequate fencing to prevent golf balls from rolling into the street and hitting vehicles. Manager Zarate confirmed that fencing and curbs are addressed in the site plan. Chair Dickinson asked for clarification on Birdie Bar's Planning Commission date. Manager Zarate responded that there was a mix-up on the hearing notice, and confirmed that it will be going to Planning Commission in October. Public Comment from Mike Kranzdorf: Mr. Kranzdorf asked whether Ironton is in an Opportunity Zone and/or Enterprise Zone and whether they might be able to take advantage of any of those programs. Manager Zarate responded that she was not sure but will confirm whether the property is in either of those zones. She also added that there are quite a few rebates available to businesses located in either an Opportunity Zone or an Enterprise Zone. She