Tuesday, January 19. 1999 The University Daily Kansan Section A · Page 5 Project aims to redevelop downtown Lawrence block By Heather Woodward Kansan staff writer Local investors have unveiled a major downtown redevelopment project that would significantly change the look of one block in Lawrence. Downtown 2000, one of the largest downtown projects in recent memory, aims to bring retail, office and residential space as well as parking to line both sides of the 900 block of New Hampshire. Rachel Kesselman/ KANSAN "Downtown is an integral part of Lawrence," said Mike Wilden, Lawrence city manager. "We want it to be multi-faceted and busy. The additional retail, residential and office space will all maintain the viability of downtown." Downtown 2000 plans for 63,000 square feet of retail space, 26,000 square feet of office space and 24 apartments. But Wilden said many of the details still had to be ironed out. The investment group formed to build Downtown 2000, 9-10 L.C., is requesting $2.7 million in city funds for a 616-space parking garage — 441 of which will be for public use — be built on the west side of New Hampshire Street between Ninth and 10th streets. Mercantile Bank owns the property on which the parking garage will be built. In addition to the price of the property, Mercantile Bank is requesting 175 reserved parking spaces in the new parking garage. The garage replaces 172 spaces now available for parking on that block. "Right now I think it is very crowded downtown, especially on Friday and Saturday night," said Anton Tupa, Leavenworth graduate student. "I usually end up parking on Vermont Street." On the east side of New Hampshire Street, where the group anticipates attracting new retail, diagonal parking spaces will be painted, creating a look consistent with Massachusetts Street. "I think the retail space could be good if they get the right stores in there," Tupa said. "I've shopped downtown at the bike stores, and I've bought clothes and shoes downtown." 9-10 L.C. has yet to announce what retail establishments will be in the new space. The retail space may also house a bed and breakfast on the top floor. Private funds will pay for $8.1 million of the total $17.8 million budget. The rest of the money will come from the city and tax increment financing. Tax increment financing, which is a new Kansas law, allows the city to take property and sales taxes produced by the new development. "The reason why we're willing to help with public money is because the project advances public purposes," said John Nalbandian, commissioner and university of Kansas professor of public administration. "The project would cost us $18 million if we tried to do it on our own." The commission will hear public comment about the Downtown 2000 project at tonight's meeting, which begins at 6:35 p.m. at City Hall, 6 E. Sixth St. Nalbandian said he thought final approval would be reached sometime this year. He said the project developers have received positive feedback from the public. 4:30 7:00 9:30 Daily Hollywood Theaters SHOWS BEFORE 6 PM • ADULTS $4.00 CHILDREN/SENIORS $4.00 ALL DAY | | Fri-Mon | Daily | | :--- | :--- | :--- | | 1 Mighty Joe Young **105th** | 1:35 | 4:35; 7:10; 9:40 | | 2 Stepmom **16th** | 1:45 | 4:30; 7:15; 10:00 | | 3 A Bug's Life *8* | 1:45 | 4:40; 7:05; 9:25 | | 4 You've Got My Phone **12th** | 2:00 | 4:50; 7:30; 10:00 | | 5 Patch Adams *14th* | 2:00 | 4:50; 7:25; 9:55 | | 6 The Thin Red Line **12th** | 12:45 | 4:50; 7:30 | — | | 7 A Civil Action **100th** | 1:25 | 4:25; 7:10; 9:45 | | 8 Shakespeare in Love **11th** | 1:10 | 4:50; 7:20; 9:50 | | 9 Varsity Blues *8* | 1:55 | 4:25; 7:35; 9:55 | | 10 Patch Adams *14th* | 1:20 | 4:10; 6:00; 9:25 | | 11 The Prince of Egypt *8* | 1:40 | 4:30; 7:20; 9:55 | | 12 The Thin Red Line **14th** | 1:30 | 5:00; 8:30 | — | HOLLYWOOD PLAZA 6 2339 IWMA 841-8600 Fri-Mon Daily 1 The Faculty* 2:05 4:15,75,9:30 2 Star Trek: Insurrection™ 2:10 4:40,70,9:35 3 In Dreams* 2:15 4:45,75,9:40 4 The Waterboy* 2:25 4:55,72,9:55 5 Virus* 2:20 4:50,72,9:50 6 At First Spot* 2:00 4:30,71,9:45 AVEDA TIGI Rusk OPI JOICO GRAHAM WEBB NEXUS REDKEN ABA BODY DRENCH MATRIX KMS PAULMITCHELL Back to BASICS m murad $200 OFF with purchase of $10 or more! Offer excludes sale items 23rd & Louisiana Next to St. Louis Bread Company 841-5885 Expires 2/19/99 No Bones About It! We've sniffed around and come up with a doggone good pass up. For a limited time only, the Credit Union is offering holiday loans at an incredibly low 9.5% interest rate that's sure to make your tail wag. So take advantage of a holiday loan at KU Credit Union. We promise, it's the pick of the litter! CREDIT UNION An Affiliate of 66 Federal Credit Union Unbeatable Holiday Loans! 3400 W. 6th St. • 749-2224 1-800-228-7662 for 24-hour Loan Service • www.kucrun.org With approved credit. KJ Credit, Union is an equal opportunity lender. NCUA www.ncua.org ---