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Comprehensive Plan Coastal Management Element The Gifford area, located in the central portion of the county, is the largest of the three (3) areas as well as the area with the most public investment. The Gifford area also contains a variety of uses ranging from industrial uses to single-family subdivisions and subsidized housing Grand Harbor, a 2,000 unit planned development, and recent development activity in the Medical node (37th Street) have occurred. Nevertheless, the majority of the Gifford area located west of U.S. Highway #1/FECRR corridor remains blighted. The Oslo area is located west of U.S. Highway #1 along Oslo Road in the southern portion of the county. Oslo Road (9th Street S.W.) is a principal east/west arterial road in the south county from U.S. Highway #1 to Interstate 95. It is expected that the county's third interchange to Interstate 95 will benefit the area. The Housing Element and Economic Development Element contain additional information regarding the areas in need of redevelopment ECONOMY The Indian River Lagoon accounts for an estimated 15 percent of the regional economy through recreation and commercial fishing activities. Due to the expansion of development, some agricultural operations are expected to relocate west of the designated Coastal Zone However, the agricultural industry is expected to remain relatively stable for the foreseeable future. Impacts to the local economy caused by permanent loss of commercial fishing operations, or seasonal unemployment will be offset by the expansion of service industries and light industry. A more detailed analysis is contained in the Economic Development Element. Water -Dependent and Water -Related Uses Marina Siting Due to natural resource constraints and federal, state, and local regulations, there are few areas in Indian River County conducive to siting new marinas. Based on an analysis of marina facility demand contained in the draft MPP, there is no need to develop new marina facilities in Indian River County at this time. Expansion of existing facilities and the removal of wetslip distribution restrictions from marinas will be more than adequate to accommodate market demand for the foreseeable future. Nevertheless, consistent with DCA Rule 9J-5.012(15)(4) and Chapter 380, F S , the county has established criteria for the siting of new marinas marina siting based on the FDEP's list of general siting constraints. Following is the list of factors considered by FDEP relating to marina siting: ➢ proximity to popular boating destinations, such as an inlet or recreational area; ➢ proximity to the ICW; Indian River County Coastal Management Element Page 75 Supplement # Ordiance #2005-_ Adopted 2005 Exhibit B Page 3