1995-11-27 Regular Meeting - Laserfiche WebLink

Browse Search

• • State Highway 146 at Fairmont Pkwy. Development Plan The purpose of the Development Plan is to create a planning and financing mechanism that stimulates economic growth and development by providing the necessary infrastnrcture to open access to previously unnerved areas most likely to develop if infrastructure were available. The area encompassed by this plan is bounded by Fairmont Parkway to the south, S.H. 146 to the east, S. 16th St. to the west and W. "D" St. to the north (See Exhibit A). This acreage provides economic growth opportunities for business development for three primary reasons. • The area encompasses two major thoroughfares in LaPorte, including State Highway 146. • The area could accommodate a variety of new development including both commercial and light industrial uses. • The area represents an opportunity to develop underutilized commercial and light industrial property. In order to promote the future growth of this area, two primary issues must be addressed. The first of which is lack of infrastructure within the area_ Roadways, sanitary sewer systems, and water lines are currently available only along the perimeter of the area, The foundation for future development of this area is the extension of infrastructure to serve the Development Zone. The creation of this Development Plan enhances the City's ability to provide infrastructure development in the area, thus causing approximately 100 acres of land that remains underutilized or "landlocked" to have the infrastructure in place for development. The Development Plan controls infrastructure spending by pre-planning major infrastructure development in the area, which allows all property owners within the area to benefit from road, water, and sewer access at a minimum cost to the city. 1