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d <br />These factors create a difficult development environment and can drive up the <br />cost of private development substantially. In some cases, without public intervention <br />or investment, private development will be brought to a standstill. If there is one <br />common set of problems throughout the Sample -Ewing Development Area, it will be <br />t the high cost of private development caused by the diverse set of environmental <br />conditions mentioned above. <br />III. PROJECT AREA STRATEGY <br />A. GUIDING PRINCIPLES <br />The Sample -Ewing Development Area Plan is based on the following set of <br />guiding principles: <br />• The public sector's actions must be catalytic in nature in order to spark <br />private sector investment and reinvestment. The private sector <br />investment must include activities in the industrial, commercial, and <br />residential portions of the area. <br />• The public sector's actions must be holistic in approach — physical <br />redevelopment and revitalization activities must be integrated into a <br />01- social, economic, and organizational agenda for action. <br />• The public sector's actions must be based on a true partnership between <br />and among private sector entities, such as private businesses, financial <br />institutions, neighborhood organizations, and community and civic <br />institutions. <br />• The long term success of this plan will require private sector leadership <br />and the commitment of businesses, neighborhoods, and institutions. <br />Conversely, public sector plans must be guided by a strategy and action <br />plan that supports empowerment of the neighborhood, business, and <br />institutional leadership. <br />• The public sector investment must leverage substantial investment by <br />individuals, households, businesses and institutions. <br />• The public sector investment plan must include a variety of funding <br />b sources— dependence or over - dependence on one public funding source <br />will undercut the long term plan. <br />-17- <br />„r 5/21/93 <br />