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Economic and Market Assessment City of Louisville, CO <br /> STRENGTHS, CONSTRAINTS AND OPPORTUNITIES <br /> The following figure summarizes key conclusions regarding the strengths, constraints, and opportunities <br /> related to the potential for new development in Louisville. By identifying strengths and noting <br /> constraints, assets of an area are highlighted and focus can be put on addressing deficiencies, all to <br /> capture opportunities for future economic development and fiscal enhancement efforts. Identifying <br /> constraints also helps to direct the allocation of resources where they will produce the greatest benefits. <br /> Figure 29:Strengths, Constraints and Opportunities <br /> Strengths Constraints Opportunities <br /> • Solid economic base with a strong • Limited amount of land available • Undeveloped land in Planned <br /> professional,scientific,and for residential development. Commercial Zone could be <br /> professional services sector.The considered for a new zoning <br /> employee to resident ratio is 0.6 • Sales taxes are a principal source category that would <br /> of General Fund revenues in a accommodate a synergistic mix of <br /> • Highly educated workforce. highly competitive regional retail uses. <br /> market. <br /> • Historic downtown is a • Pedestrian railroad underpass <br /> destination attraction with a • Strained national economy. will link historic downtown to <br /> diversity of food&beverage and redevelopment site on east side <br /> retail offerings. • High home values. of tracks. <br /> • Location on a high tech corridor • Local demand for housing <br /> between a major U.S.city and a provides the possibility for an <br /> state university. "urban center"type of <br /> development if zoning will <br /> • Two principal business clusters in <br /> commerce parks with ample <br /> supply of undeveloped land. <br /> 34 <br />