Agenda - 06-03-2008-5b5b - Laserfiche WebLink

Browse Search

~~~~L-1.1.' 1. ~I~~m 4J .1. ~ ~ 14 1 2 Jim Parker: If the residential component was not approved, I think the developer is really open ~ 3 that it is going to remain in; but if it was not approved, and everything else went forward, 4 certainly that conversion table would still need to be used for theaters or hotel use. 5 6 Michelle Kempinski: The plan listed in there is an optional tradeoff for retail space, so that's 7 just a concern. The other question that I had or request is if you could provide a larger, more 8 readable version of the development plan. What we have now is really difficult to read. It would 9 be nice to see how these transportation, pedestrian access, and uses are going to overlay on 10 each other. You know, to take those sheets and actually do those overlays so that we can see 11 a consolidated picture of the site plan in a larger, more readable version. The other thing that 12 kind of goes along with that is, after reading through the binder, I still don't really have a good 13 picture of what it will look like. /had trouble hearing her. Would it look like Southpoint, would it 14 look like New Hope Commons, would it look like Cary Towne Center, would it look like Crabtree 15 Valley Mall? There is a wide range of different types. It would be helpful to have an idea of 16 what your idea is for the town center. 17 . 18 Jim Parker: That's one of our responses also in that package, with some illustrations. 19 20 Michelle Kempinski: I want to ask a question about a report that was submitted by the Chapel 21 Hill Chamber on the economic impact of Buckhorn Village, and there's a couple of tables in 22 there that provide detail about how many restaurants, how many anchor retailers, how many 23 hotels, and I was just curious as to whether the student who generated the report got those 24 numbers from the developer or if those were guesses. It's more specific than what's contained 25 in the application. 26 ~ 27 Jim Parker: We did give them those estimates. 28 29 Jeffrey Schnnidt: I'm not sure whether this is for Mr. Benedict or the County Manager; but my 30 colleague here referenced the economic study that was done. Could we have sort of a pro 31 forma look out to the end of this project if it were approved and the impact that it has on the tax 32 structure, principally the property tax structure in the County. It's my understanding right now 33 that it's about 85% supported from a residential perspective, 15% from business. That could 34 change substantially with what we see here from the increased sales tax and from the increased 35 business taxes. So if we could maybe figure out a way how that looks in 2014, is that the 36 buildout date? 37 38 Renee Price: I don't know if this is maybe for the staff or the Commissioners, but if this is built, 39 I think we should also look at the bigger picture, what it's going to do to surrounding property: 40 The developers have already referenced Southpoint. When Southpoint was built, then there 41 was a whole range of development that has increased since then, and it keeps going and going'. 42 I'rn wondering if we want the same thing for Orange Courity. Will Orange County support that? 43 Once this urban development is dropped out in the middle of this rural area, will they continue to 44 change the landscape. We're getting water already for the project from Mebane. But beyond 45 that, can you support it with fire, police, whatever? Will it need to change from one house per - 46 acre to townhouses? 47 48 Judith Wegner: Two things that I've been tussling over, one is the relationship between the 49 50 different segments here, and I know that with large developments there's always a risk if the how much of the overall financial potential economy takes a downturn or something like that C 51 , here is leveraged against what the string of dominoes.......????? This is gaing to have such a ~