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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEM <br />Agenda Date Requested: August 18, 2014 Appropriation <br />Requested By: S. Livingston La Porte Economic <br />Department: Economic Development/Tourism Source of Funds: Development <br />Report: <br />Corporation Board <br />....' <br />Resolution: <br />Ordinance: '' <br />Account Number: N/A <br />Exhibits: <br />1. La Porte Retail and Restaurant Development I Amount Requested: N/A <br />Amount Budgeted: N/A <br />Map <br />Budgeted Item: �' YES <br />SUMMARY & RECOMMENDATIONS <br />NO <br />The retail industry is still in a recession, except for the areas along the major highways which are experiencing <br />significant residential growth. The developers and brokers are hungry and looking for retail opportunities just as <br />much as the communities. The site selection decision process for new retail store/restaurant <br />development is being driven by the retailers/restaurants, rather than the brokers and/or developers. <br />Basic plan for moving forward in the next twelve (12) months: <br />30 June 2014 <br />. Fulfill all requests for information from each of the contacts at the recent ICSC Show, <br />. Encourage the Weitzman Group to do more retail development across from the Kroger on Fairmont <br />Parkway, <br />. Continue to support Rob Johnson's development by looking for prospective retail or restaurant tenants, <br />• Support retail development on the southeast corner of Spencer Hwy and Canada Drive, <br />. Continue a redevelopment discussion with the owner of the former Kroger, <br />. Promote redevelopment along the west side of S. Broadway, <br />. Refresh all key broker/developer contacts and remind them about the ongoing retail development <br />opportunities in La Porte, <br />. Promote La Porte's message regarding development opportunities in the special edition of the Houston <br />Business Journal on 6 June 2014, and <br />. Identify and contact retailers that may be impacted by the expansion of SH 146 and offer them an <br />opportunity to re -locate to La Porte. <br />