HomeMy WebLinkAbout08/12/2010 - Midtown Redevelopment Study - Economic Advisory Commission
Economic Health Office
300 LaPorte Avenue
PO Box 580
Fort Collins, CO 80522
970.221.6505
970.224.6107 - fax
fcgov.com
M E M O R A N D U M
DATE: August 12, 2010
TO: Mayor Hutchinson and City Council Members
FROM: Economic Advisory Commission (EAC)
CC: Darin Atteberry, City Manager
Mike Freeman, Chief Financial Officer
Josh Birks, Economic Advisor
SUBJECT: Midtown Redevelopment Study - Formal Recommendation
The Economic Advisory Commission (EAC) has reviewed the Midtown Redevelopment Study,
received several updates from staff, and discussed the merits of the Planning Concepts, Action
Plan, and Recommendations. On August 4, 2010, the EAC held a regular meeting to discuss,
amongst other topics, a formal recommendation in support of the Midtown Redevelopment
Study.
The EAC, by unanimous approval (five in favor and four absent), makes the following
recommendation to City Council:
The inherent value of the Midtown Study area combined with the retail
vacancies and aging properties represent a valuable opportunity for positive
evolution and reinvention of the community’s core regional retail asset. The
suggested Corridor Planning Concepts provide the basis for transformation
through redevelopment introducing new uses alongside existing retail
development. Furthermore, the Action Plan provides strategic direction to
guide the City forward in facilitating the redevelopment of both the Corridor
and Foothills Mall. The EAC supports the Study and looks forward to the
many opportunities that will come as a result of the City Council’s support of
redevelopment in the Midtown Area.
Minutes from the August 4, 2010 EAC meeting are attached for your review.
Thank you for considering this recommendation.