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2. Factors that specifically led to a retail/cinema proposal are several. <br /> <br /> The factors arc as follows: <br /> The City's Economic Development consultant advised the downtown retail/cinema <br /> was a viable and tested strategy. <br /> · The market forces would support the redevelopment <br /> · Unsolicited, three cinema developers approached the City with the idea of a <br /> cinema in the downtown. <br /> · There existed a window in time when private market would cause a project to <br /> happen <br /> · The cinema industry was adopting new interiors and moving throughout the <br /> country ii'om outlying areas into downtown areas. <br /> · Regarding Redwood City, there is a significant block that is under utilized and in <br /> some parts vacant, within close proximity to parking, the train station and directly <br /> on the retail spine of the downtown. <br /> <br /> The City has a history of successful initiatives to improve the downtown: <br /> <br /> · City Hall <br /> · Main Library <br /> · City Center Plaza <br /> · Mezes (UC Berkeley) <br /> · Franklin Street Project <br /> · Marshall Street Garage <br /> · Entry features and sidewalks <br /> <br /> The proposed retail/cinema project is one more initiative among many and there will <br /> be other initiatives, such as housing and public plaza, as a result of the Downtown Plan <br /> now being crafted by the Downtown Task Force and the community. <br /> <br /> 3. What process was utilized to select the developer of the project? <br /> <br />JOINT ADJOURNED REGULAR COUNCIL MEETING JANUARY 8, 2001 <br />MINUTES PAGE 6 <br /> MINUTES Book No.58 <br /> Page NO. 302 <br /> <br /> <br />