EDC 01-15-03
5.
City of Cupertino
Economic Development Committee
Regular Meeting
January 15, 2003
1.
CALL TO ORDER
At 8:09 a.m. Carol Atwood called the meeting to order in Conference Room A, 10300
Torre Avenue, Cupertino.
2.
ROLL CALL
City Staff: Carol Atwood, David Knapp, Steve Piasecki, Dorothy Steenfott,
Chamber: Jody Hansen, Orrin Mahoney, Mark McKenna
City Council: Richard Lowenthal
Absent: Keith Dias, Sandra James, Ralph Qualls
Guest: Randol Mackley, Retail Real Estate Group
3.
NEW BUSINESS
A.
Local Developer Presentation
Randol Mackley, Retail Real Estate Group, updated the committee on Cupertino's
status in the retail market. He stated that Cupertino's advantages are good
discretionary income, low crime, high growth quality, and a well educated and
diverse population. He suggested that the city introduce a residential component
to Vallco and that the mall should be different from Valley Fair and Stanford. He
suggested that the city take a creative, new approach to revitalize Vallco.
4.
NEW BUSINESS
A.
Key Development Activity
Steve Piasecki reported on several large projects. He stated that Extended Stay
America was continued to the January 27 Planning Commission meeting and the
Target project is now on hold until after the Crossroads streetscape is determined.
The Blaney/Stevens Creek project is expected to open in the spring.
ADJOURNMENT
The meeting was adjourned at 9:35 a.m.