Make compact urban development within key transit corridors and core commercial areas easier. <br />• Identify and remove regulatory barriers (i.e. reduced parking requirements, ground floor commercial requirement, floor <br />to area ratio (FAR) requirements, and restructuring the Traffic Impact Analysis requirement within identified core <br />commercial areas and corridors). <br />• Complete a feasibility study for the formation of a Compact Urban Development District the purpose of which is to <br />reduce the financial and regulatory obstacles to develop key transit corridors and core commercial areas. As part of the <br />study, explore options for administering and financing the district. <br />• Complete an assessment of implementing variable SDCs, with the purpose of recognizing reduced impacts of smaller <br />home footprints and development of key transit corridors and core commercial areas. <br />• Explore and apply additional incentives such as infrastructure improvements, tax incentives, loan programs, and public/ <br />private lending partnerships.. Identify tools that can be utilized over and over such as a revolving redevelopment fund. <br />• Identify and apply implementation tools, such as new overlays, form based code, and alternative path that increase <br />flexibility. <br />• Ensure that the transportation system can support planned densities and streets are designed to encourage compact <br />development along them (in coordination with the Eugene Transportation System Plan). <br />Hypothetical concept of future redevelopment along transit corridor showing <br />mix of uses. <br />Infastructure and Placemaking <br />lemnvinn B; <br />One Example: Some commercial <br />zones call for mixed use buildings <br />that require commercial uses to be <br />located on the street level, with <br />housing above. While the market <br />may support the housing it doesn't <br />always work for the commercial <br />use. Because of this requirement, <br />potentially good projects are not <br />able to happen. By changing this, <br />and allowing for future flexibility <br />(i.e. that the ground floor could be <br />converted to commercial use <br />later), more housing and job needs <br />can be met on existing lands. <br />What makes a place great? Often, it's a park, a plaza, a comfortable street, or something else that sets <br />it apart from other places. One way to support redevelopment and density is to build plazas, parks, <br />beautiful streets, art, and other features that enhance private development and attract people. <br />161 13 <br />