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~ concept in the Urban Renewal Plan assumed that 8th and Willamette would be intensely developed and that the opening of Willamette could affect operation e of the current plaza at Willamette and Broadway. She said part of the space at 8th and Willamette was conceived as public space. Ms. Bascom asked about options for the public space, and Mr. Holmer asked whether deleting the public space item would reduce bond payoffs and tax rates. Mr. Farkas said debt service would be reduced by eliminating the item for public space, which he added was an option. Mr. Hansen and Mr. Holmer requested a financial analysis without the expansion of the Urban Renewal area. Ms. Wooten requested more specific information about how the Business Development Tool Kit and other capital improvements and design concepts might apply to the expanded boundary area. She also requested clarification of expectations about redevelopment and the revenue payback to the district beginning in the fifth year. She added that she generally was supportive of the expansion, although she wanted more information about possibil Hies. Ms. Bascom said she agreed with Ms. Wooten. C. LTD Station Site Mr. Runyon noted that Lane Transit District in the past had found the price of gasoline to be a significant factor in ridership, with price increases reflected in ridership increases. He noted that future trends could differ from past experiences. Mr. Runyon said Lane Transit District had operated downtown for about 14 years, approximately at its current site. He sa i d about 7,500 people currently visited the downtown transfer facility daily. He said about 4,000 e trips per day were to downtown destinations, and he said that figure might compare to about 900 vehicles (or two Parcades) per day represented by LTD ridership. Mr. Runyon said the downtown transit station had been constructed in 1982 and had improved operations substantially, although three blocks sometimes was too far to travel for five-minute transfers. He said two blocks was the maximum recommended length. He also said the opening of Willamette Street had made problems worse, and further reopening would continue to compound safety problems. Mr. Runyon reviewed studies that had been made of the site and said two recommendations had been made: to modify and adapt the current station or to move the site to the County butterfly lot at 8th and Willamette. He said staff members now were evaluating site availability, and results were not expected immediately. Mr. Runyon said the agenda attachment described site criteria intended to increase both short-term and long-term efficiency. He said a study now was being done of downtown riders, and details of that should be available in January. He said LTD staff would review the site selection process according to the studies and hoped to make site suggestions soon after that. Ms. Ehrman asked about City input to the policy statement in the agenda attachment. Mr. Runyon said no specific input had been received from the City. He added that LTD had invested substantially, with the City, in the current station, which he said had been made less effective because of the e MINUTES--City Council Dinner/Work Session December 8, 1986 Page 5