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Exhibit A to Ordinance No. <br />Central Waterfront Redevelopment Plan <br />The most viable uses are the water -dependent uses and energy-related. According to <br />Kimberly-Clark, all of the interest expressed at the time of the economic report was by <br />users rather than developers. <br />3. The cargo handling uses generally have lower employment densities than manufacturing <br />uses or business park uses. <br />4: All of the sectors considered have high average wages. <br />N <br />5. A research or education facility would be a strong anchor for an institutional or business <br />park setting. Such users may require public funding, and no existing institutions are <br />candidates at this time. <br />6. Four conceptual economic scenarios were developed to provide an illustration of how <br />future land uses could be combined on the site and access provided for vehicles and <br />possibly the public. While the land use alteratives have been refined, the four conceptual <br />economic scenarios provide a continuing basis for evaluating economic benefits of the <br />land use alternatives. <br />7. All of the candidate uses and site concepts would create economic benefits in the form of <br />business gross receipts, jobs, wages and salaries, and local tax revenues. Impacts would <br />accrue on a one -tune basis during construction, as well as an ongoing amival basis with <br />business activity. In addition to the direct impacts on the site itself, there would be <br />indirect and induced impacts throughout the economy as local purchases and household <br />spending work their way through the economy. The economic benefits do vary by <br />concept. Generally, the non -water -dependent use concept has the highest beneficial <br />economic impact across measures, with the water -dependent use the lowest impact. The <br />mixed industrial use concepts fall between the two. <br />8. The Downtown would realize three specific economic benefits that differ among <br />concepts. Spending in Downtown by workers at the site would be greatest for the <br />concept with the highest employment density (Land Use Alternative #3). Further, <br />purchases of goods and services by on-site businesses would be relatively higher for the <br />water -dependent use concept because of its high employer multiplier (Land Use <br />Alternative #2). Finally, the uses that would make the downtown most desirable to new <br />residents and businesses are those that provide amenities and attractive views of the <br />waterfront and beyond (Land Use Alternatives #3 and #4). <br />9. Overall, there is a trade-off between viability in terns of current demand and potential <br />economic benefit. The Water -dependent use concept is the most viable in terms of <br />21 <br />119 <br />