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<br />contingent on industry standard parking supply. Their preliminary analysis would require <br />approximately 743 new structured parking spaces, of which 288 would be dedicated to condo units, and <br />455 would be City-owned public parking. The development proposal would require significant financial <br />support through the Urban Renewal District. Details of this proposed financial support are still pending. <br /> <br />Additional project detail is included in Attachment A provided to the City by Connor and Woolley. It is <br />important to note that the proposed development plan is in a conceptual phase. The developers are still <br />considering a variety of site plan options for the development footprint but are committed to the retail <br />and housing mixed-use character of the proposal. <br /> <br />Broadway is identified in the Eugene Downtown Plan as a “Great Street.” The concept of Great Streets <br />was one of the most strongly supported ideas in the Vision for Greater Downtown Eugene. Ground floor <br />retail, restaurants, and sidewalk activities such as outdoor cafes are specifically encouraged along <br />Broadway. The consolidated property ownership, the ability of Opus to assemble an attractive mix of <br />retailers, and the significant housing investment proposed provide a unique opportunity for a <br />comprehensive redevelopment of this lagging stretch of Broadway. <br /> <br /> <br />RELATED CITY POLICIES <br />Related policies and implementation strategies included in the Eugene Downtown Plan: <br />Downtown development shall support the urban qualities of density, vitality, livability and <br />? <br /> <br />diversity to create a downtown, urban environment. <br />Actively pursue public/private development opportunities to achieve the vision for an active, <br />? <br /> <br />vital, growing downtown. <br />Use downtown development tools and incentives to encourage development that provides <br />? <br /> <br />character and density downtown. <br />Stimulate multi-unit housing in the downtown core and on the edges of downtown for a variety <br />? <br /> <br />of income levels and ownership opportunities. <br />Promote multi-story, mixed-use structures downtown through financial incentives or code <br />? <br /> <br />amendments. <br />Develop additional financial tools to assist with the development of housing, including the use of <br />? <br /> <br />bonds, tax increment financing, land assembly and parking. <br /> <br />Related Growth Management objectives: <br />Policy 2: Encourage in-fill, mixed-use, redevelopment, and higher density development. <br />Policy 3: Encourage a mix of business and residential uses downtown using incentives and zoning. <br />Policy 10: Encourage the creation of transportation-efficient land use patterns and implementation <br />of nodal development concepts. <br />Policy 14: Development shall be required to pay the full cost of extending infrastructure and <br />services, except that the City will examine ways to subsidize the costs of providing <br />infrastructure or offer other incentives that support higher-density infill, mixed use, and <br />redevelopment. <br /> <br /> <br />COUNCIL OPTIONS <br />This agenda item is for informational purposes. There are several options for the council to consider, <br />including: <br /> L:\CMO\2006 Council Agendas\M060109\S060109B.doc <br /> <br />