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South Bend Redevelopment Commission <br />Regular Meeting —June 14, 2012 <br />6. NEW BUSINESS (CONT.) <br />B. Airport Economic Development Area <br />(2) continued... <br />targeted a grocery store as an important need. <br />To facilitate attracting a grocer, members of <br />the LaSalle Square Steering Committee have <br />had discussions with professionals in the <br />grocery store industry. <br />Dakota Worldwide was identified as a <br />resource to help understand the profitability <br />of a proposed grocery store at any location, <br />but specifically for LaSalle Square. Dakota <br />will study the area, define a trade area, and, <br />most importantly, generate sales forecasts for <br />a three year period. Those sales forecasts <br />would provide important data for an <br />interested party's pro forma. <br />We have also asked Dakota to do this same <br />analysis for a downtown location. <br />Dakota's report will include a competition <br />map, a summary of that competition, a trade <br />area delineation, an analysis of the proposed <br />site, and a three year sales forecast for both <br />LaSalle Square and downtown. Their fee for <br />these two reports is $6,500 plus expenses in <br />the not -to- exceed amount of $1,600, for a <br />total of $8,100. Staff requests approval of <br />the Dakota Worldwide proposal. <br />Mr. Varner and Ms. Jones questioned how <br />long ago the Buxton retail study was done in <br />the area. Mr. Relos responded that Buxton <br />did its study in 2008 and a 5, 10 and 25 year <br />plan was generated from that focus group. It <br />studied housing, various streets through the <br />site and mixed use within the area. <br />7 <br />