Business Retention and Development Committee Agenda and Packet 2019 03 04

Home Browse Search

11: City,/ im Louisville COLORADO • SINCE 1878 BRAD COMMUNICATION SUBJECT: FINAL MCCASLIN PARCEL 0 DEVELOPMENT STUDY AND RECOMMENDATIONS DATE: MARCH 4, 2019 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT SUMMARY: The City contracted with Economic & Planning Systems (EPS) to conduct the McCaslin Area Development Study. EPS, along with Trestle Strategy, will present their final report and provide recommendations to advance the Parcel 0 area in the McCaslin Corridor. At their February 5, 2019 meeting, City Council directed staff to begin preparing a GDP amendment to allow for parcel -by -parcel mixed use redevelopment within the Parcel 0 Area and to begin work with the area property owners to modify the private restrictive covenants to allow for the new uses. Such modifications are expected to come back to the City Council and public for review in summer 2019. Below is the City Council Staff communication From the February 5, 2019 meeting. for more information. BACKGROUND: City Council approved a contract with Economic & Planning Systems (EPS) on July 18, 2018 to conduct the McCaslin Parcel 0 Development Study. The contract was approved through an RFP process that began on May 15, 2018. The McCaslin Parcel 0 Development Study covers a subarea of the McCaslin Boulevard corridor bounded by McCaslin Boulevard on the west, Cherry Street on the north, Dahlia St. on the east, and Dillon Road on the south. Central to the study is the former Sam's Club property at 550 South McCaslin Boulevard. The property has been mostly vacant since the store's closing in early 2010 and currently has two tenants, Ascent Church and Low Cost Furniture. The City Council stated goals of the Study are to; • Understand the McCaslin area's potential for retail and commercial development and supportive uses that could foster new investment and development, • Review the rules and regulations upon properties in the area that may be limiting its full potential for redevelopment, • Understand and incorporate the property owner's, tenant's and public's input into development and redevelopment options for the area, • Evaluate various development scenarios, that focus on retail and commercial uses with possible residential development only as a secondary use, that meet BRAD COMMUNICATION