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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEM <br /> <br />Budget <br /> <br />Agenda Date Requested: 11 August 2014 <br /> <br />Source of Funds: 4B Board <br />Requested By: Scott D. Livingston <br /> <br />Account Number: N/A <br />Department: Economic Development <br /> <br />Amount Budgeted: N/A <br />Report: X Resolution: Ordinance: <br /> <br />Amount Requested: N/A <br />Exhibit: Schedule and Itinerary <br /> <br />Budgeted Item: YES NO <br />Exhibit: Exhibitor List and ICSC Hall Maps <br /> <br /> <br />Exhibit: ICSC Marketing Materials __________________ <br /> <br />SUMMARY & RECOMMENDATION <br />REDNewsREDNewsMIMCO <br />The La Porte Team advertised in the May issue of , which was distributed by , , <br />Boxer Realty <br />and at the ICSC Show in Las Vegas. The La Porte Team also benefitted by using <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 />The site selection decision process for new retail <br />retail opportunities just as much as the communities. <br />store/restaurant development is being driven by the retailers/restaurants, rather than the brokers and/or <br />developers. <br />During the recent ICSC Show in Las Vegas, two (2) 4B Board members and staff: <br /> <br />Learned from conference sessions regarding: <br /> <br /> <br />1.Ways to structure successful public private partnerships, <br /> <br />2.Current retail development trends, <br /> <br />3.Future retail development projections, and <br /> <br />4.Ideas to support creative re-development. <br /> <br /> <br />Networked with several key brokerage firms, <br /> <br />Promoted La Porte as a valuable investment opportunity, and <br /> <br />Contacted over sixty (60) retailers. <br />Basic plan for moving forward in the next twelve (12) months: <br /> <br />