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-~ - ~---~ - - 31. Discuss the tenancies relative to the mix of daytime, nighttime uses, and how the theatre might encourage tenancy uses or tenancy mix throughout the project. There is great history in this regard. This is not the first retail/cinema in the downtown circumstance. They have reviewed the retail/cinema complex project, downtown revitalization and redevelopment in 14 major cities from here to Florida to New York City to Chicago and throughout the state of California. Mr. Irmer reported he has been to 14 different relocation, redevelopment downtown retail/cinema projects that would be prideful of any community. He stated what he has found is that the hours of retail opportunity extend themselves into the life of the theatre use. So you find tenants like restaurants, bookstores and open marketplaces that continue to enliven and enrich a downtown well beyond the typical hours of 10-6 or 10-8. With that extension of time comes a great deal of activity in the downtown and therefore, the life and the heartbeat of any community. People want to be where people are and theatre brings that heartbeat to the downtown to the degree that other tenants want to be there. The theatre is the anchor and centerpiece and around that come a variety of interests. Consideration of two major anchor tenants of a national origin is planned. 32. How does the downtown project address fitting into the charm of the downtown? Address small businesses and chains and ways to attract local businesses. The reason the developer has spent two years of their effort is because of the real belief that downtown is a place to be bringing capital, experience and to enliven and enrich a downtown centerpiece with great hope. There are icons of architectural opportunity that you may find strolling the downtown area during the daytime. The architectural opportunity the developer has brings some identity with better times past, with a new format that will bring a sense that something urban and new is taking place - a reason to be here. Not only will the retailers present an opportunity for enjoyment, but also the buildings will be lovely, blending and melding into the existing charm of the downtown. 33. What studies or data show that retail makes a cinema successful? Mr. Irmer stated he knows that cinema can make retail successful. There is a synergy between the two that works nicely when they are appropriate and do work together in size and substance. The opportunity that Century brings to the project and downtown is of that substance. Century is an operator that is successful, financially capable and wants to be downtown. 34. Describe the organizational structure of project, legal entities and relationships. JOINT ADJOURNED REGULAR COUNCIL MEETING JANUARY 8, 2001 MINUTES PAGE 14 MINUTES Book No.58 Page NO. 310