Update: Council opts to keep traffic two-way

Councilors voted 5 to 1 against the change, citing the impact it would have on the surrounding area and the potential to increase hazards rather than decrease them.

“I don’t think we’ve thought through the risks clearly enough to warrant a change,” Councilor Amy Valentine (D-Ward 5) said.
…
Councilor Timothy Carpenter (D-Ward 1) said changing the traffic would actually force more cars to travel in front of the Oval residences.
…
Councilor Chris Jackson (D-Ward 6), who lives on Oak Street, a one-way street, said people tend to speed more on one-way streets.

Councilor George Rabideau (R-Ward 3) said the existing bike path already serves as a recreation area for non-motorized traffic.
…
Councilor Amy Valentine (D-Ward 5) said she was concerned about how much it would cost to convert the road and how it would be enforced.
…
Councilor Timothy Carpenter (D-Ward 1) wanted to know if emergency vehicles would be hampered by one-way traffic.
…
Councilor and Mayor Pro Tem James Calnon (I-Ward 4), who was chairing Thursday’s meeting in the absence of Mayor Donald Kasprzak, who was out of town, noted that few accidents occur on the oval. Link

Oh well, it was worth the effort and the fight will continue.

Resources
Traffic Calming
Perils for Pedestrians
Walkable Communities
Share Space
Cycling, Walking, Speed, Traffic