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<br /> <br />PUBLIC HEARING DRAFT SEPTEMBER 20, 2012 <br />Economic Sustainability. Economic sustainability was one <br />The Bayfront An Asset and a <br />of the topics that repeatedly surfaced during the Small Group <br />Liability <br />Interviews. Many times it was framed in the terms of a lack of <br /> <br />availability and diversity of commercial retail, restaurants, an <br />As discussed throughout the public <br />other non-industry business opportunities within City limits. <br />participation process, the Bayfront is <br />Concerns were expressed over the lack of retail shopping <br />both an asset (for residents and <br />opportunities, the amount of tax money being generated just <br />tourists), but also a liability (for retail <br />development). This is due to the fact <br />outside of City limits (and conversely, not being generated to <br />that <br />support th and the apparent <br />trade <br />disinvestment of certain types of businesses (e.g., the recent <br />area which are identified <br />closings of the automobile dealerships, among others). Finally, <br />in their retail market analyses. The <br />there was a general concern that there was not much that could b <br />done to resolve these problems (see inset); that it was an <br />bayfront areas as effectively halving <br />unsolvable dilemma that has been and will continue to plague the <br />the potential trade area (market loss) <br />needed to development and sustain a <br />community due to being land-locked, not enough rooftops to <br />retail establishment. <br />generate commercial investment, and too much industry was <br /> <br />Source: Kendig Keast Collaborative. <br />deterring other forms of land use investment. The other part of <br />economic sustainability is being able to accommodate the normal, <br />but major shifts in local business and regional and global trend <br />dwindling feedstock). For a geographic area that is so closely t <br />industry, this requires a dual approach that both promotes the <br />expansion of existing industry (e.g., the petrochemical industry <br />plans for further economic diversification. <br />Need for a New Collective Vision. When the original comprehensive plan <br />was adopted in 2001, there was a defined consensus about what La <br />Porte should be in the future. The vision (see inset) talked abo <br />becoming -ily and youth, <br />committing to sustainability, celebrating its history, balancing <br />among other things. In the past 10 years, there are many positiv <br />examples around the City where the vision has been implemented, <br />as the recent upgrades to the . <br />However, during the public participation efforts of this update <br />the members of the community made it abundantly clear that there <br />need to once again seek unity as to their vision for the future <br />Presently, there are diverging opinions on several fronts. By wa <br />examples, many expressed great need for increased access and <br />availability to commercial retail and other businesses within Ci <br />others felt those needs were sufficiently provided just outside <br />Street, while others felt that the City was not doing enough to <br />Main Street. The value and purpose of this plan is to reengage t <br />1.4 <br /> <br /> <br /> <br />