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SUBJECT: <br />DATE: <br />LOUISVILLE REVITALIZATION COMMISSION <br />OCTOBER 27, 2015 PAGE 3 OF 3 <br />Downtown Parking <br />As part of the 2016 City budget decision making process, Council is considering cutting <br />funding for the Cannon Street parking lot construction ($440,000), and a downtown <br />parking feasibility study ($40,000 City cost) in order to reallocate those funds for other <br />priorities (repaving City streets). In this context, the LRC wonders if addressing the lack <br />of downtown parking is a priority for City Council? LRC would like input to City <br />Council's interest in addressing downtown parking concerns. <br />KNOWING THAT FUNDING IS LIMITED AND NOT ALL PROGRAMS WILL BE A <br />PRIORITY IN ANY GIVEN BUDGET YEAR, WHAT PROJECTS/ <br />PROGRAMS /POSITIONS ETC. DOES THIS BOARD RECOMMEND THE CITY <br />COUNCIL FUND IN NEXT YEAR'S BUDGET? <br />A few key projects in the current 5 -year CIP Budget and some future potential projects <br />that have significant interest from the LRC include: <br />• Funding for Quiet Zone implementation along the BNSF Railroad <br />• Funding and construction of the South Street Gateway <br />• Drainageway improvements planned to remove most of the downtown out of the <br />floodplain <br />• Funding for Downtown Parking Structure Feasibility Study <br />• Funding for Downtown Parking /Transit Project (Cannon St. Parking) <br />ARE THERE LEGISLATIVE ISSUES (NEW LAWS, AMENDMENTS, CODES, ETC.) <br />THIS BOARD WOULD ENCOURAGE THE CITY COUNCIL TO CONSIDER? <br />City assistance for Urban Renewal actions in the 550 S. McCaslin UR Area since the <br />LRC is receiving no funding for or from its implementation. <br />RECOMMENDATION: <br />LRC would like input to the above questions about the 550 S. McCaslin Urban Renewal <br />Plan implementation. <br />ATTACHMENT(S): <br />1. 550 S. McCaslin draft Project Description <br />CITY COUNCIL COMMUNICATION <br />4 <br />