The first step to economic development is producing a master plan that is publicly available. That involves a four step process.
- Define the measurable objectives of the ward’s economic development, and this involves neighborhood organizations, businesses, residents, and other key opinion leaders.
- Establish the key tactics that are necessary to meeting those objective goals.
- Implement and measure the master plan against the objectives.
- Adapt and review objectives as circumstances change.
Never again can we allow another fiasco like the one that occurred in 2005 at Lawrence and Laramie. To make a long story short, the city used $1.4 million of our tax dollars to purchase two lots; both of which sit vacant and unused till this day.
The key is that we must plan for our development as a community, and evaluate and adapt as circumstances dictate.
