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Option B. <br /> Open Space, Public Amenities & Infrastructure <br />Let purchase options expire. Create and complete open/green space and infrastructure projects in <br />West Broadway area. <br /> <br />Property Considerations <br /> <br /> <br />?Unknown – requires community input <br /> <br /> <br /> <br />Financial Considerations <br /> <br /> <br />?Funds needed for: <br /> <br /> <br />?Open/green space planning & projects <br /> <br /> <br />?Infrastructure planning & projects <br /> <br /> <br />?Existing Funds, potential sources: <br /> <br /> <br />?Urban Renewal ($6 million) <br /> <br /> <br />?General Fund <br /> <br /> <br /> <br />Possible Strategies: <br /> <br /> <br />?Focus efforts in West Broadway area on open/green space and infrastructure <br /> <br /> <br />?Open/green space planning for the West Broadway area <br /> <br /> <br />?Focus on public amenities <br /> <br /> <br />?Focus on infrastructure to assist development projects <br /> <br /> <br /> <br /> PROSCONS <br /> <br /> <br /> <br /> Responds to council request for a PROS planning process, including <br />oo <br /> <br />downtown open space plan significant public involvement, did not <br /> <br /> <br /> Opportunity to re-evaluate design and identify downtown as a priority area <br />o <br /> <br /> <br />function of existing downtown open space Infrastructure improvements could be <br />o <br /> <br /> <br /> Recent public sentiment has expressed more efficiently addressed as part of a <br />o <br /> <br />desire for new downtown open space larger development project <br /> <br /> <br /> Open/green space without adjacent <br />o <br /> <br />intensity lacks the “eyes on the park” <br /> <br />needed to address public safety issues <br /> <br /> <br /> No guarantee that dense development will <br />o <br /> <br />follow <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />