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South Bond Redevelopment Commission <br />Regular Meeting - May 2, 1980 <br />6. NEW IBUSINESS <br />g. continued... <br />fr. Cira: Are you thinking about <br />partments there? <br />[rs. Kolata: Yes. The plan at the <br />oment is roughly for about 1,000 <br />nits of housing in the area. <br />Ir. Cira: Do you have much parking? <br />Ys. Kolata: For the parking I would <br />uspect that the developers of the <br />ousing will know and recognize the <br />eed for parking via underground parking <br />arage, etc., but they will have to <br />ake that into account. Certainly <br />hey will recognize the need for <br />. Cira: In other words, you don't <br />at to allocate more space to the <br />artment complex for parking? <br />s. Kolata: What we are saying is <br />at we don't want to see all of the <br />nd turned into surface parking lots. <br />e best use of the land is to promote <br />high density urban environment and <br />an make other provisions for the <br />rking on the fringes or underneath <br />e apartments or whatever the case <br />v be. <br />r. Ellison: What we have really con - <br />luded is that the East Bank is just <br />of a very large land area for the develop - <br />ent potential. That has become very clear <br />o us through the two years that we have <br />een looking at this area. It is also <br />ery clear that there are some commercial <br />pportunities that the absence of <br />xemption may prevent. For example, the <br />&M Building is now vacant. It is on the <br />arket and we understand it may be under <br />ption. If someone wanted to put a <br />estaurant use in there, it would <br />of be possible under current zoning <br />eauirements because of its locational <br />elationship to the Moonraker. We think <br />hat reasonable analysis suggests that <br />x-18 - <br />