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The goal of the Miami Street corridor action plan is: <br />To establish Miami Street as the commercial center of the adjoining neighborhoods that provides convenience <br />shopping, unique dining, specialty stores, office space, and a location for events that celebrate the area. <br />The key to this plan's success is the development of a true partnership between the local building and business owners and <br />the City. The City's role is to provide direction based on the staff's experience working in the other corridors and to provide <br />incentive funding for programs that could jump startthe area's revitalization. The private sector partner is to provide program <br />continuity, leadership and investment designed to increase the value of area commercial properties. If the process works <br />well, the City will benefit from the lower costs associated with a vital commercial area versus an area with the crime and high <br />vacancy associated with deterioration. Area property, including residents, will benefit from an overall increase in property <br />value. <br />Miami Street Commercial Corridor Revitalization Action Plan December 2000 Page 2' <br />