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No. 2456 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan (Portage Prairie)
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No. 2456 expanding the boundaries of the Airport Economic Development Area, expanding the allocation area for purposes of tax increment financing and amending the Airport Economic Development Area Development Plan (Portage Prairie)
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• Assist the private sector in completing the adaptive re-use of the former <br />Oliver School with an appropriate re-use that fits within the neighborhood <br />context. <br />• Improve the appearance and physical condition of State Road 23 (Prairie <br />Avenue) through the neighborhood. <br />• Preserve and improve the residential neighborhoods east and west of <br />Prairie Avenue. <br />Obstacles to Achieving the Economic Development Plan <br />Although the Airport Economic Development Area has the potential to be a prime site for new <br />growth, the economic development plan for the Area cannot be achieved by regulatory processes <br />or by the ordinary operation of private enterprise because of: <br />Lack of necessary public improvements in the Area, such as: adequate internal <br />circulation, utilities and other infrastructure related to the orderly growth and <br />development of new commercial, office and light industrial concerns. <br />2. Multiple and fragmented ownership of land, which makes the assemblage of larger or <br />contiguous parcels difficult. <br />Proposed Economic Development Activities <br />Realization of the stated goals and objectives will be accomplished by a combination of public <br />and private actions. These actions could include, but are not limited to, the following: property <br />acquisition, relocation, clearance and dedication of public right-of--way, provisions for public <br />facilities and improvements and any other activity pertaining to planning and implementing an <br />economic development plan. <br />Sample Ewing Area Activities <br />A. INTRODUCTION <br />The major development strategies that will be pursued throughout the project area <br />include an economic development and redevelopment, revitalization, improvement and <br />preservation approach as dictated by sub-area conditions and trends. The economic <br />development and redevelopment strategy is aimed at areas of major deterioration and <br />18 <br />
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