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Market Analysis for Downtown Redevelopment <br />LO C w Y <br />CONS U LT I N G City of Centerville Economic Development Authority <br />April 3, 2023 <br />City of Centerville, 2022-2023 Economic <br />Development Strategic Plan. The strategic plan <br />outlines the goals for the EDA, including guiding <br />redevelopment, spuing new development, <br />increasing business engagement, marketing and <br />promotion of the city, and placemaking. Relevant <br />for this study, the strategic plan states that <br />downtown development planning should focus on <br />waterfront activity. <br />Centerville Retail Market Analysis, 2005. This <br />study analyzed demand potential for additional <br />commercial space in the City of Centerville based <br />on demographic projections and retail space <br />utilization. <br />Data Resources and Study Limitations <br />The data in this market analysis are compiled from a <br />variety of sources, including interviews with <br />property owners, developers, real estate agents, city <br />officials and others, along with secondary <br />demographic, economic, and competitive resources. <br />Sources are identified in the figures. <br />LOCI Consulting believes that these sources are <br />reliable. However, there is no way to authenticate <br />this data and information. LOCI Consulting does not <br />guarantee the data and assumes no liability for any <br />errors in fact, analysis, or judgement. The data in <br />this analysis includes the most up-to-date <br />information available at the time of this analysis. <br />The conclusions and recommendations in this <br />market analysis are based on the best judgements <br />and analysis at the time of the study. LOCI <br />Consulting makes no guarantees or assurances that <br />the projections or conclusions will be realized as <br />stated. <br />Page 11 <br />