Agenda - Council - 09/13/2016 - Laserfiche WebLink

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5.05: Receive Existing Market Studies for The COR Presentation Community Development Director Gladhill presented the Staff Report stating as part of the Planning Commission's ongoing discussion about the status of the Development Plan for The COR, additional market study was suggested at the July 12 Joint Work Session with the City Council. Before the City considers additional, formal market research in the form of a Market Study, Staff suggests the following steps be completed. 1. Completion of the planned Market Roundtable and Panelist Discussion 2. Review of existing market studies previously completed Staff requested feedback from the Planning Commission on this item. Commission Business Vice Chairperson Bauer wanted to see the retail established within The COR become a destination point. Commissioner Andrusko agreed. Commissioner Brauer discussed how the retail market was changing due to the growing impact the internet was having on retailers. He anticipated that internet sales would continue to increase while brick and mortar retail shops would decrease in size. He believed that high speed internet access would be important to these new businesses. Commissioner VanScoy believed it would benefit the Planning Commission to have updated market data information. Community Development Director Gladhill reviewed the data staff had collected to date. He explained that staffing restraints would not allow for staff to analyze the segment data suggested by Commissioner Brauer, but rather this task would have to be hired out to a consultant. Further discussion ensued regarding the data the Planning Commission was interested in gathering. 5.06: Receive Update on COR Development Plan Analysis Presentation Community Development Director Gladhill presented the Staff Report stating the Planning Commission and City Council reviewed the results of a survey of policy makers at the July 12, 2016 Joint Work Session. Although some trends were discovered, a number of market questions remained. The outcome of this meeting was to hold a market roundtable/panelist discussion. At the August Planning Commission, the Commission confirmed direction on the approach as a market roundtable workshop. Staff would like to review additional logistical details with the Commission, as well as discuss the format of an expert panel moderated by the City as a lead in to the desired discussion/format. Staff requested feedback from the Planning Commission. Commission Business Planning Commission — September 1, 2016