Council approves $625,000 for new studies | April 16, 2010 | Mountain View Voice | Mountain View Online |

Mountain View Voice

News - April 16, 2010

Council approves $625,000 for new studies

Members also consider extending downtown tax district

by Daniel DeBolt

The City Council approved a slew of studies worth $625,000 Tuesday to help navigate the future of Castro Street, where officials are concerned about losing millions a year in redevelopment money.

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E-mail Daniel DeBolt at ddebolt@mv-voice.com INFORMATION: According to a city report, the $625,000 breaks down as follows: • $100,000 to "identify current conditions of the downtown retail market and use it as a baseline to develop future strategies for attracting new retailers to the downtown" • $150,000 for "a comprehensive market study to determine the feasibility of attracting and sustaining a grocery store in the downtown" • $175,000 for a study of future parking needs downtown, how the city could generate revenue from parking fees, pay for new parking facilities and the effects on downtown business, among other things; the study would also examine potential revenue from redeveloping city-owned parking lots downtown into, for example, a parking garage with retail on the first floor • $125,000 to study "the feasibility of increasing the Business Improvement District fees for businesses in the downtown to provide ongoing support to the Central Business Association," which could provide "the types of programs and services offered by surrounding comparable downtown associations" to be determined by the study • $75,000 to "hire part-time temporary staff to assist existing economic development staff to implement, oversee and review some of the above studies"

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