A municipal legislative body may establish by ordinance an entertainment district within the municipality for the purpose of designating the area in which a common consumption area may be located.
An entertainment district ordinance adopted in accordance with this section must:
1. Location of entertainment district. Specify the boundaries of the entertainment district within which a common consumption area may be located and include a map depicting the entertainment district;
2. Common consumption area parameters. Specify the maximum number of acres permitted to be within a common consumption area and indicate whether a common consumption area may include public or private ways;
3. Hours of operation. Specify the permissible hours of operation of a common consumption area; and
4. Maximum number of licensees. Specify the maximum number of common consumption areas that may be located within the entertainment district and the maximum number of licensed premises that may be licensed to use a single common consumption area.