05.03 - Downtown Plan - Laserfiche WebLink

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This is an opportunity to implement a portion of the Comprehensive Plan. We would be seeking to work with the groups to determine what basic standards should be, what, if anything, should be mandated and what should be voluntary, how standards should be implemented, etc... Establishment of a municipal parking strategy in the downtown. (Short-term strategy from Comprehensive Plan) Again, another opportunity to implement a strategy of the Comprehensive Plan. A parking strategy is going to be essential to any successful buildout of the downtown, so we have included it as part of the plan. An implementation plan including areas of coordination with other municipal, state or county projects, estimated costs and timelines. This is going to be the part of the plan where we actually determine how to accomplish the vision. We are going to do an estimate of increased tax revenue from redevelopment and balance that with expenses the City will incur to induce the redevelopment. We are going to look at how we can leverage the monies being spent around us on various projects. We are going to provide some timelines and benchmarks for decision-making and monitoring success. We understand that there may have been some additional questions. These include: What is the downtown? We generally refer to the area two blocks west and three blocks east of the Trail Park as the "downtown", although the Future Land Use map extends the "Downtown Mixed- Use" area beyond this. We are going to refrain from providing a rigid definition and instead defer to the working groups for their own input on what should be included in the "downtown". Why redevelopment? This sounds like a negative word? Redevelopment is a healthy and positive word that represents the phenomenon we have seen along Government Drive. The data supports the conclusion that there is some market imbalance in these areas and that rising property value will induce additional redevelopment. This is not a highway development plan where we are seeking to develop raw land. Instead, these are areas that have already been developed and have existing infrastructure in place. What is the time frame for completion? Our original proposal estimated completion in the "early summer of 2005. " Even if we were to begin immediately, this is no longer a feasible timeframe.