If merchants believe that their efforts thus far have impacted both the neighborhood
and their individual businesses, they will most likely be interested in setting goals
beyond those set out for Phase II. The experience of other neighborhood-based commercial
revitalization efforts indicates that it will take more than five years for merchants to
be ready to set new goals and take on additional challenges. This section is intended to
provide some goals that may be appropriate for later stages of the revitalization effort,
although the dynamic nature of the process makes it difficult to suggest what types of
programs should be implemented to achieve these goals. In West Side Park, merchants will
probably need to focus on:
One vehicle for addressing these goals is the creation of a SID. Part II of this report
describes both what a neighborhood needs to form a SID, in terms of financial resources
and technical abilities, and the potential of a SID to accomplish the goals mentioned
above. Not all commercial revitalization efforts have the capacity to establish a SID
because of their limited financial resources and the lack of a critical mass of businesses
in one geographically distinct area. The ability of merchants and community-based partners
to implement the strategies recommended in Phases I and II and build the capacity
necessary to lead a long-range revitalization planning effort will determine whether
forming a SID is the most effective strategy for moving beyond Phase II in West Side Park.
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