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S III III <br /> Task Force Stren t hs,Weaknesses, 0.•ortunities, and Threats SWO Anal sis <br /> STRENGTHS WEAKNESSES OPPORTUNITIES THREATS <br /> • Neighborhood Schools • Small and limited geographic area • New retail and business uses • Competing retail both locally(internal)and from <br /> • • • New customer base surrounding communities(external) <br /> River • Small critical mass <br /> • Lack of commuter rail stop in Downtown <br /> • Businesses that are easily accessible • Limited interest in going • Rehabilitation of existing buildings <br /> Downtown by people • Possible bypass of Highway 10 <br /> • Nice homes • More public gathering spaces for social <br /> • Everyone knows your name activities • Continued expansion of Otsego/Highway 101 <br /> • Churches area <br /> • • Age of existing real estate • Outdoor dining <br /> Authentic small town character • Traffic issues(congestion,increased traffic, <br /> (buildings) • Lack of reinvestment • Blank slate north of railroad tracks crossing Highway 10,etc) <br /> • Opportunity for individually • Highway 10 and railroad divides • More riverfront development • Value of housing stock going down <br /> owned businesses(affordable and area and people don't want to cross • <br /> non national chain) More access to River • Land speculators(buying homes and renting them <br /> • Limited access to River until they can put together large enough parcel to <br /> • Personal Touch—Everyone knows • Tie north and south areas together develop on) <br /> your name • Parking • <br /> More residential development • Economic fluctuations in general <br /> • Nostalgia/sentiment • No grocery store • <br /> Moving west of Downtown to develop • Noise(Highway 10 and railroad) <br /> • Identifiable location • Lack of variety in businesses <br /> • Enhance Handke Center • Not leasing out existing retail in new redevelopment <br /> • Variety of services • Not pedestrian friendly(snow <br /> issues,biking,etc) • Current redevelopment efforts lend projects <br /> • Charm/Character(lights, credibility • Land locked for River access/trail <br /> streets,etc.) • Traffic congestion <br /> • to outside investors • Market saturation <br /> • Local financial institutions • Delivery trucks <br /> (anchors) • North Star Rail and depot location • Raising rents for existing businesses <br /> • Lack of fine dining <br /> • Safe environment • Screen railroad tracks and create buffers • Through traffic <br /> • Lack of benches or places to sit outside <br /> • Public gathering places(new • Put in trail system along the River • Increasing land acquisition costs <br /> • New residents have an unfamiliarity <br /> park) with Downtown • Promote an authentic Downtown • <br /> Changes in eminent domain laws <br /> • Proximity to Otsego retail • Limited connectivity of north and • Incubator businesses • Fear of change <br /> • Heritage/history south areas • Corridor to cross Highway 10 and railroad • <br /> • Market saturation tracks Lifestyle to support Downtown(convenience,price <br /> • Connectivity(Highway 10,rail vs.nostalgia,lack of interest and lack of <br /> road and transportation) • Attract more residents to live Downtown wanted/needed services) <br /> • Public facilities in close proximity • Cost to upkeep aging real estate <br /> (City Hall,Library,future YMCA) <br /> • Interest in viable business that wants to expand(no <br /> are to expand to Downtown or viability is no longer <br /> there since interest has moved elsewhere in the <br /> community) <br /> Draft as of September 4, 2012 - Part IV,page 2 - <br />