Laserfiche WebLink
REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEM <br />Agenda Date Requested: June 9, 2014 <br />Requested By: S. Livingston <br />Department: Economic Development/Tourism <br />Report: ' Resolution:'' Ordinance: '' <br />Exhibits: <br />1. Schedule and Itinerary <br />2. Exhibitor List and ICSC Hall Maps <br />3. Marketing Materials <br />Appropriation <br />Source of Funds: 4B Board <br />Account Number: N/A <br />Amount Budgeted: <br />Amount Requested: <br />Budgeted Item: YES NO <br />SUMMARY & RECOMMENDATIONS <br />The La Porte Team advertised in the May issue of REDNews, which was distributed by REDNews, MIMCO, <br />and Boxer Realty at the ICSC Show in Las Vegas. The LaPorte Team also benefitted by using REDNews' <br />booth at the show at no additional cost. <br />For two (2) months prior to the show, staff contacted over two hundred (200) developers, retailers, and <br />prospective restaurants. The retail industry is still in a recession, except for the areas along the major highways <br />which are experiencing significant residential growth. The developers and brokers are hungry and looking for <br />retail opportunities just as much as the communities. The site selection decision process for new retail <br />store/restaurant development is being driven by the retailers/restaurants, rather than the brokers <br />and/or developers. <br />During the recent ICSC Show in Las Vegas, two (2) 4B Board members and staff- <br />. Learned from conference sessions regarding: <br />1. Ways to structure successful public private partnerships, <br />2. Current retail development trends, <br />3. Future retail development projections, and <br />4. Ideas to support creative re -development. <br />. Networked with several key brokerage firms, <br />. Promoted La Porte as a valuable investment opportunity, and <br />