Report to University City Council

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Action Items 1. Actively explore development opportunities for this intersection. 2. Building on their recent joint efforts in support of interchange improvements, the cities of University City and Olivette should explore new opportunities to work jointly to promote and guide overall development of this area. 3. Keep the interchange improvements on the State's priority list, with careful consideration of future development and infrastructure needs. 4. Encourage any future expansion of MetroLink along the Innerbelt to include a station at Olive. 5. Have available strong economic information in order to conduct appropriate cost/benefit analyses when proposals are made, particularly when proposals involve potential loss of housing units. Other Major Development Opportunities · Forsyth MetroLink Station · Big Bend MetroLink Station · The Delmar Loop in University City · Vernon A ve/W estgate/Olive Street Forsyth MetroLink Station Area Currently under construction, the Forsyth MetroLink station area will present the City with a number of significant opportunities for redevelopment with attendant economic development benefits. The station will anchor the east end of the downtown Clayton business district. This will likely trigger significant new investment in office, hotel, entertainment, and high density housing along the Forsyth corridor, from Hanley Road in Clayton on the west well into University City on the east. This station will provide ready access to Washington University, the Washington University Medical Center, and downtown St. Louis. When the advantage of MetroLink access is seen in combination with the university's plans to build a graduate student and administrative complex elsewhere - to the north of the Delmar Loop in the City of St. Louis - it then becomes likely the university will see it in its best interest to make the former Famous Barr building and parking lot available for redevelopment for the highest and best use. If that property is added to the undeveloped property immediately south of Forsyth, the possibility becomes very real for development of a major new mixed-use complex on the west side of the station. Because this redevelopment area would straddle the ClaytonlUniversity City line, it will be important that the two cities cooperate to plan and present a unified public front in negotiating the use of development tools and incentives to promote, induce, and guide overall development of this area. The pattern that is already clearly apparent for development of high quality, high density multi-family residences to the east of the MetroLink station on Forsyth in University City can then be accelerated and expanded to include retail, entertainment, and hotel uses as well. 14