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7C 10 to 15-year period, with actual phasing of canstruction ui#imately dictated by market Page 2 conditior�s. The following table provides a tand use comparison of the Marina Shores Village project (including both tt�e Pete's Harbor and Peninsula Marina site}, the PeninsuEa Marina portion of Marina Shores Village, and the Peninsula Park project: Mar�na Shores '; P�r�fnsula'I�lar�na `Pernnsula ; , , ` i/illage{MS1/) ' Portion of;MBaII ; Park Total Site Area 46.45 acres 33.24 acres 33.24 acres Land Area 40.99 acres 29.44 acres 27.86 acres Water Area 5.46 acres 3.80 acres 5.38 acres Residential 1,930 units 1,297 units 796 Units Office 150,000 sq. ft. 150,000 sq. ft. None Neighborhood 25,000 sq. ft. 25,500 sq. ft. 10,000— Serving Retail 12,040 sq. ft. Hotel 200 rooms 200 rooms 200 Rooms Marina Slips 84 to 100 50 to 60 25 to 40 Maximum Height 240-260 ft. 260 ft. 100-120 ft.'� No. of buildings at 17 10 10 max. height '`As proposed 92% of the buildings are at 75-feeE and below. Discussion/lssues In late spring of 2004, the City appraved the "Marina Shores Village" project (MSV). Subsequently, the approva! was overturned fhrough a voter referendum in the fall ofi#hat same year. MSV included two sites: Pete's Harbor and the Peninsula Marina. That project inciuded 1,930 housing units, a 200-room hotel, 25,000 square feet of retail, and 150,000 square feet ot office space on two waterFront sites with marina amenities. Building forms incl�ded low-rise, mid-rise, and most significantly, 17 24Q-foot high towers. As part of the MSV project review, an Environmental Impact Report was cer�ifi�d and a �re;,ise Pla� was prepar�d ta govern the iand use ar�d design regulations for the entire project area. A voter referendum repealed the Zoning Amendment and the associated MSV Precise Plan, which served as the zoning aliowances for the project development. Thus, zoning for both the Pete's Harbor and Peninsula Marina sites has reverted back to previaus designations. Pete's Harbor is current{y zoned General Comrnercia( — Combined Residential (CG-R), and the Peninsula Marina site is zoned General Commercial {CG). The referendum did not affect the Genera( Plan designation ar the EIR certification. The referendum cited a wide range of specific concerns about MSV. To simplify, the major issues included building height, density, traffic, public access, and other environmental impacts. Since that time, the developer, R.C. Peninsuia Park, LLC, has been cortsidering alternate site developrnent options �i.e. office, commerciaf, and/or a revised housing project) that facus on just the Peninsula Marina parcel and that wouEd 2