Business Retention and Development Committee Agenda and Packet 2010 11 01

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BRaD Meeting Summary October 4, 2010 Page 3 of 3 Altan Alma Organic Market – has opened—located next to Sweet Cow and Lucky Pie. Small store selling organic fruits and vegetables and other assorted food items. Daily Camera Business Plus article – a great article published last week focusing on downtown Louisville and the restaurant scene. Planning Director, Troy Russ, gave an update on the Highway 42 Revitalization Plan and on the 5- Step Plan to move forward on the development ahead of transit. Troy presented the plan on behalf of the Louisville Revitalization Committee (LRC) and the Planning Department at last week’s City Council Study Session. Safeway – cautiously optimistic on progress. th King Soopers – proposed gas station development going to Planning Commission on October 14 th and City Council on October 19. Blockbuster – reported on their bankruptcy filing A company looking for an additional 50,000 square feet of warehouse to use on a temporary basis in CTC – credit was given to Bonnie Star and Mike Jones for working on this request. Sam’s – Moving in a positive direction; Wal Mart has responded with a counter offer – announcement should be by year-end. A&W – marketing brochure exists for this property – staff is in contact with a possible local investor but lease costs are high. Vestas – company searching for another site to locate an R&D facility; Vestas looking at several locations across the country. City staff prepared an incentives letter as a means to convey the City’s desire to have Vestas pick Louisville for the location of this facility. NITA – moving to Boulder. Louisville will lose travelers into Louisville who stay at local hotels. Restaurant Sales Tax – the sales tax for all Louisville restaurants is up across the City. Miscellaneous – Bonnie suggested that possibly in the spring of next year pulling together a real estate tour with a target audience of brokers and developers. A budget would need to be identified and the need to find a sponsor. BRAD members voted in favor and were in support of the idea going forward. nd Michael Menaker commented that he was in support of the 2 reading of the Sign Ordinance th scheduled for the October 5 City Council Meeting and went on to congratulate the Planning Department on their good work. He encouraged everyone to write letters to the editor in support of the Use Tax, commented on the minutes from the last Historic Preservation Commission meeting where it was written that they are struggling with incentives--they need to come up with a plan for business incentives. Michael also commented that he appreciates the involvement of City Council