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<br />2. Factors that specifically led to a retail/cinema proposal are several. <br /> The factors are 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 ITom 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 /> The City has a history of successful initiatives to improve the downtown: <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 /> 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 ofthe Downtown Plan <br /> now being crafted by the Downtown Task Force and the community. <br />3. What process was utilized to select the developer of the project? <br />JOINT ADJOURNED REGULAR COUNCIL MEETING JANUARY 8, 2001 <br />MINUTES PAGE 6 <br /> MINUTES Book No.58 <br /> Page NO. 302 <br />