City Council Minutes 2018 10 16 - Laserfiche WebLink

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City Council Meeting Minutes October 16, 2018 Page 7 of 14 Councilmember Leh asked if the new development in Superior will benefit Louisville. Guimond stated it very likely will with housing growth and the regional draw of the Sports Stable. Guimond reviewed the next steps including completing the market analysis and developing potential development scenarios. He noted they started out looking just at the Sam's Club site but now needs to include the Kohl's site in the scenarios. The objective is to come up with a few viable scenarios for development and then look at the financial feasibility and how well if might align with the community's desires. Additionally, it will look at the fiscal perspective to the City and sales tax. Finally, it will identify what regulatory changes would be needed to support the scenarios. Mayor Pro Tem Lipton asked if in the next update they can provide more information on the CCR's and what they mean to the property Powell stated she will also bring a diagram of how the zoning, the GDP, and the market all affect this area. Mayor Pro Tem Lipton would also like legal advice at some point if the City can amend the GDP without an applicant. Councilmember Maloney stated it appears we need to transition from a regional draw to a more community based trade area. Guimond stated the overall draw has shrunk with the loss of the big boxes, he feels it will function better on a community trade area. Public Comments John Leary, 1116 LaFarge Avenue, stated there is a gap in that we know what people are buying, but we don't know who is doing the buying We are getting more money from sales tax than only what residents are spending We need to know where people are coming from and if they will always be there. There are limits on how much locals will spend, but the regional area spending can make up for that and it needs to be identified Councilmember Loo asked if the outreach will tell us what types of uses people will support. An entertainment venue might bring in a lot of regional traffic. She would like to know if the community would support something like this. Powell stated the questions will narrow down as the process continues, but they are hearing people are looking for areas to go for family oriented time. She stated they will test the economic viability of that with the scenarios. Councilmember Loo stated she sees a disconnect between what the property owners are interested in doing and what residents are interested in visiting and that will need to be addressed Powell stated both sides have a desire to see this area flourish with a different type of use but it will take changes to the regulations. In the end, the landowners will need to want to allow these changes.