Here is a recent article from the Blade that helps clarify the situation a bit.
Here's yesterday's Examiner story on Harry Thomas' opposition to the move. According to Jim Graham, the businesses do not plan to cluster together. Instead, they have identified a number of individual locations throught the ward.
Here is the actual bill.
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Guys, please be polite. Remember that these people are your neighbors. I ask also that anonymous users leave some kind of tag [e.g. big green cat] for the sake of being able to follow a thread. Be respectful and have fun.