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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEMITEM <br />August 11, 2014August 11, 2014AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />N/A N/A <br />S. Livingston S. Livingston Source of Funds:Source of Funds: <br />Requested By:Requested By: <br />N/A N/A <br />Economic Development/Tourism Economic Development/Tourism Account Number:Account Number: <br />Department: <br />N/A N/A <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />N/A N/A <br />Amount Requested:Amount Requested: <br />Exhibits: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />1. ICSC Show Agenda Request1. ICSC Show Agenda Request <br />2. Schedule and Itinerary2. Schedule and Itinerary <br />3. Exhibitor List and ICSC Hall Maps3. Exhibitor List and ICSC Hall Maps <br />4. ICSC Marketing Materials4. ICSC Marketing Materials <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />  <br />The La Porte Team advertised in the May issue of The La Porte Team advertised in the May issue of , which was distributed by , which was distributed by , , , <br />REDNewsREDNewsREDNewsREDNews MIMCOMIMCO <br />and at the ICSC Show in Las Vegas.  The La Porte Team also benefitted by using at the ICSC Show in Las Vegas.  The La Porte Team also benefitted by using <br />Boxer RealtyBoxer Realty REDNewsREDNewsÂ’ <br />booth at the show at no additional cost.booth at the show at no additional cost. <br />  <br />For two (2) months prior to the show, staff contacted over two hundred (200) developers, retailers, and For two (2) months prior to the show, staff contacted over two hundred (200) developers, <br />retailers, and <br />prospective restaurants.  The retail industry is still in a recession, except for the areas along the major highways prospective restaurants.  The retail industry is still in a recession, <br />except for the areas along the major highways <br />which are experiencing significant residential growth.  The developers and brokers are hungry and looking for which are experiencing significant residential growth.  The developers and <br />brokers are hungry and looking for which are experiencing significant residential growth.  The developers and brokers are hungry and looking for which are experiencing significant residential <br />growth.  The developers and brokers are hungry and looking for <br />retail opportunities just as much as the communities.  retail opportunities just as much as the communities.  <br />The site selection decision process for new retail The site selection decision process for new retail <br />store/restaurant development is being driven by the retailers/restaurants, rather than the brokers store/restaurant development is being driven by the retailers/restaurants, rather than <br />the brokers <br />and/or developers.  and/or developers.  <br />During the recent ICSC Show in Las Vegas, two (2) 4B Board members and staff:During the recent ICSC Show in Las Vegas, two (2) 4B Board members and staff: <br />  <br />Learned from conference sessions regarding: Learned from conference sessions regarding: <br />  <br />1.Ways to structure successful public private partnerships, Ways to structure successful public private partnerships, <br />2.Current retail development trends, Current retail development trends, <br />3.Future retail development projections, and Future retail development projections, and <br />4.Ideas to support creative reIdeas to support creative re--development. development. <br />  <br />Networked with several key brokerage firms, Networked with several key brokerage firms, <br />Promoted La Porte as a valuable investment opportunity, and Promoted La Porte as a valuable investment opportunity, and <br /> <br />