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Business Retention & Development Committee <br />Meeting Minutes <br />May 4, 2015 <br />Page 2 of 5 <br />PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA: <br />Rick Brew - DELO Plaza will be on City Council agenda tomorrow. Wanted to bring it to <br />BRaD's attention. Important decision for City Council with important revenue <br />implications <br />REVIEW OF MCCASLIN AREA PROPERTY OWNERS ROUNDTABLE: <br />The Committee discussed input gathered from the property owner roundtable held on <br />April 30th <br />What owners thought McCaslin fit in big picture — we used to be a main retail <br />destination for the area, and with added competition in other communities, we are not <br />and not likely to be again. Continue to be challenged by access and visibility issues. <br />Competition is Interlocken. <br />McCaslin facing businesses have different challenges than interior facing businesses. <br />Some positives: Superior Town Center will be a good thing. <br />If you have office it competes with Interlocken but if you have retail it competes with <br />broader area. Design regulations are prohibitive. One story office with flex space is <br />doing very well. <br />One story will yield different output and different character in Centennial Valley. <br />One opportunity — can leverage rooftops that will be in Town Center. We need to do <br />something with signage /lighting to capture that. Need to draw people all the way down <br />McCaslin. <br />Are there greater issues preventing occupancy: <br />• Not friendly to pedestrians <br />• More rooftops will help. <br />• Right in right out for Colony Square — implies large infrastructure change — City <br />can implement cross access easements. Small area plan will look at that. <br />Do you feel mix of uses (commercial and retail) is the right mix? <br />• More residential would help. Younger generation will choose to rent rather than <br />buy. <br />• Renters are spenders <br />• Renters by choice presents different long term dynamic. <br />There was discussion on mix of heights. <br />Council member Loo stated one concern with McCaslin plan: there is a lot of density <br />coming in the corridor. Westminster is looking at 8 stories and very high density. How <br />long will this need be there? Can we stay economically viable but different? <br />