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Commissioner Blank stated that he thinks the market will determine this, and that based on his being in Pleasanton and doing business here for quite a while, and seeing people come in and out of the City, he is not 100 percent convinced that the future is going towards long-term stays or whether or not it will remain the more traditional hotel. He indicated that he is aware of the difficulty people have of getting a room in Pleasanton for just a couple of nights. He reiterated that he believes this is a future marketing decision for whoever the investors will be in this particular property. Mr. Fleissig stated that once the investment in the infrastructure and parking have been made, it might change the calculus. 3. Is the proposed layout and access plan acceptable? All the Commissioners agreed that the layout and access plan is acceptable with Option 3. Chair Narum added that she thinks it blends in well with what is across the street and the Hacienda PUD guidelines. She suggested having the Bicycle, Pedestrian, and Trails Committee review this at some point. Commissioner Pearce suggested additional language on page 9 to indicate that besides conforming to the East Bay Regional Parks District Iron Horse Trail Feasibility Study and Master Plan, the Plan conform to the Pleasanton Pedestrian and Bicycle Master Plan as well. She added that she thinks this is great and is excited about it; she is amazed that this is in front of the Commission and is glad that BART is coming to the table and completes the work everyone is trying to do with the Hacienda plan. Commissioner Blank stated that to get this far from when TOD was first discussed is very satisfying. THE PUBLIC HEARING WAS RE-OPENED. Mr. Reynolds stated that in the 19 years he has done TOD for BART, he honestly said that this is the most expeditious and most thorough process he has been through on a station site. He commended staff, the consultants, and the Task Force for being able to going right into discussion of the BART site in a way that is logical and makes sense. He indicated that from his standpoint, BART is much honored to be part of this process. Mr. Burgett noted that a pretty common term for developers is 'return on investment' and its notion as a financial term; however, in this case, there is a return on planning investment and political investment. He stated that one thing not mentioned was that there was a meeting held where Mr. Williams, Mr. Fleissig, Mr. Dolan, and Mr. Paxson attended to address ABAG and MTC regarding the status of Hacienda as a Priority Development Area (PDA). He indicated that they tried to make the case that this project is an identified PDA and should become a PDA with its 20,000 employees, its strategic location on the 1-580/1-680 intersection, and the idea of the infrastructure costs, as there EXCERPT: PLANNING COMMISSION MINUTES, MAY 25, 2011 Page 17 of 18