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CCAgenda-4/12/04WS
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CCAgenda-4/12/04WS
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6/9/2010 12:14:27 PM
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4/9/2004 9:30:58 AM
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City Council
City_Council_Document_Type
Agenda
CMO_Meeting_Date
4/12/2004
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BUILDING A DOWNTOWN <br /> <br />Downtown Eugene operates in a regional economy. In order to maintain the economic <br />strength of downtown, the City will take a proactive role in promoting the desired dense, <br />high quality development and targeted investment downtown. The City will prioritize <br />public actions that support downtown development by working closely with developers, <br />leveraging economic tools and City-owned property to achieve desired results. The City <br />will be poised to act on opportunities and challenges as they arise. <br /> <br />Building Partnerships <br />The City cannot be a passive or isolated player in building our downtown; a proactive, <br />collaborative, strategic focus is essential. The City will work with developers and <br />landowners to facilitate projects that build an active, inviting, economically strong <br />downtown. Partnerships and a collaborative work ethic are necessary within the City <br />workforce as well. The City will strive to ensure that every level of the City organization <br />involved in public projects or project review downtown works together in support of the <br />vision for downtown. <br /> <br />Capitalize on Development Opportunities <br />The City's ability to capitalize on development opportunities represents the best prospect <br />for bringing the vision expressed in this plan to reality. This plan provides the policy <br />framework that supports appropriate development in downtown. This plan also <br />emphasizes the flexibility and commitment to respond to unanticipated opportunities. <br /> <br />As change occurs with business relocation and expansion, new development <br />opportunities arise. The City will be responsive to the needs and opportunities that these <br />changes represent. Many of the strongest downtown developments in the last twenty <br />years were not predetermined in the previous plan for downtown. Examples include <br />Broadway Place, the Shedd Institute for the Arts, LTD's Downtown Station, and the <br />location of the new library. But the City has worked to be prepared for such <br />opportunities, to facilitate and expand desired development downtown. The Dozen <br />Downtown Development Opportunity Areas map on page 47 indicates the location of <br />some of these potential sites. <br /> <br />Financial Tools <br />The targeted use of economic development tools is a key part of the City's commitment <br />to a vital downtown. Market conditions often result in higher costs for downtown <br />development, due to a variety of financial constraints and barriers such as assembling <br />smaller parcels for larger projects, higher land costs, vertical and mixed-use construction <br />costs and parking needs. However, development in the core area of the city places less <br /> <br /> 11 <br /> <br /> <br />
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