10-11-95 Council Minutes - Laserfiche WebLink

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MINUTES CITY COUNCIL OCTOBER 11, 1995 good location for the restaurant. Fahey pointed out that the City is trying to get site control so that it will have more flexibility in looking at the options. Fahey suggested that The Venetian Inn may be better located further east. Vitale stated that The Venetian will not go further east. Fahey pointed out that a high profile restaurant without a lot of tax capacity will not work on that corner. Such a smaller development will not generate enough tax revenue to support TIF assistance. Morelan asked if The Venetian has decided that it wants a freestanding structure versus being located in the lower floor of a two-story structure. Vitale replied that that was correct. Scalze suggested the option of locating within a hotel development. Vitale replied that that is what The Venetian wanted to do until the consultants indicated that there was no room in Little Canada for a hotel development. Fahey suggested that while the City's consultants may have said that for the Rice Street/Little Canada Road area, other consultants may disagree. Scalze asked if The Venetian has talked to any hotel developers. Scalze suggested that if someone in the hotel business wants to developer at that intersection, that would carry weight with her. Fahey suggested that the key would be out to integrate the development and make the area a good place to do business. Vitale stated that they were in agreement to bring the consultants on board. However, reported that he does not like the plan they developed. Fahey responded that the City is now more comfortable with the direction it is going, although the process is not yet completed. Morelan pointed out that the second draft of the Development Guide stated that it may be possible to work a hotel development into the area, but it is 13