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I-170/Olive Joint Redevelopment Task Force Meeting Minutes: December 9, 2009 Page 2 of 2 He provided a couple of slides that illustrated possible development scenarios based on each communities unique qualities and history that he felt would be complementary. On the University City side, he illustrated a dense urban “uptown” redevelopment. The development vision builds on the City’s history and urban qualities. The vision builds upon the hard earned success of University City, creating something dense, urban, and more upscale than the “Loop”. To differentiate the area from the “Loop” or current marketplace and create a second great “experience”. On the Olivette side, he illustrated a new town “resort lifestyle” redevelopment. The development vision builds on Olivette’s suburban qualities and park settings. The vision might focus on the values of the community into a new exciting expression. Create Olivette as a destination given the amount of developable land bordering the interchange, including existing industrial areas to the northwest and residential areas to the north. He noted that the Task Force efforts lead to the creation of a new Midwest destination. This vision organizes both cities into one idea, with a dense and commercial University City complimenting a suburban lifestyle of Olivette. He noted where outside the University City “Loop” is there a family destination and where is there a suburban downtown organized by an urban park. He concluded his presentation with his opening statement in which he noted “creating value by creating place”. He noted that Task Force should think structurally about the things that will sustain a community. He noted investment in infrastructure and amenities is crucial. They create sustainable values. 2. DISCUSSION WITH SAINT LOUIS COUNTY ECONOMIC COUNCIL REPRESENTATIVE David Leezer, Vice President of the Economic Collaborative for the St. Louis County Economic Council, attended the meeting. He observed Mr. Mindlin’s presentation and participated in the Task Force discussions regarding Mr. Mindlin’s presentation. 3. OTHER DISCUSSION ITEMS AS BROUGHT FORWARD BY TASK FORCE MEMBERS: Discussion ensued over the current real estate development market. Mr. Mindlin commended both communities for beginning the process to develop redevelopment plans for the area while market conditions have slowed. He noted the planning efforts of both communities would put University City and Olivette ahead once market conditions improve. Discussion ensued over limiting developments along Olive Boulevard, near the Olive and I-170 interchange, until a redevelopment plan is adopted. The Task Force deferred further discussion on limitation until the next scheduled meeting. Task Force members thanked Mr. Mindlin and Mr. Leezer for their participation. 4. SCHEDULING OF NEXT MEETING: The Task Force requested that City staff coordinate the scheduling of the next meeting in January. Wednesday’s were noted as the date of preference. 5. ADJOURNMENT: The task force meeting ended at 10:00 PM. C:\Documents and Settings\ariganti\Local Settings\Temporary Internet Files\Content.Outlook\9CW7A9UY\JRTF Mtg Min 2009 12-09.doc