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Gifford Neighborhood Plan Analysis <br /> The elements needed to enhance neighborhood commercial activity centers along 43`d Street and 45th Street involve both public and <br /> private property; thus both the public and private sectors would be involved in the transformation of the area into a better <br /> neighborhood activity center. Public sector actions would include infrastructure and landscaping improvements, along with the <br /> adoption of special land development regulations. Private sector responsibilities would include development, redevelopment and <br /> maintenance of individual properties and buildings. <br /> ➢ Investment <br /> There are several benefits associated with redevelopment of the 45th Street and 43`d Street areas. Those benefits include beautification, <br /> job creation, and enhancement of quality of life. Perhaps the most important benefit, however, is increased private sector investment <br /> in Gifford. <br /> Redevelopment of the 45th Street and 43`d Street areas will require significant public sector investment. That public sector investment, <br /> however, is likely to spur much greater levels of private sector investment in Gifford. Usually, redevelopment of commercial areas <br /> spurs private investment not only in nearby commercial areas, but also in nearby residential areas. In this way, the redevelopment of <br /> the 45th Street and 43`d Street Corridors can positively impact the entire Gifford area. <br /> ➢ Summary <br /> The 45th Street and 43`d Street corridors can be redeveloped into Neighborhood Commercial Activity Centers. Those centers can <br /> benefit Gifford most significantly by encouraging private sector investment in the area. They can also increase economic activity, <br /> create jobs, beautify the area, provide affordable housing, and increase community identity and pride. Although a detailed study is <br /> warranted, a preliminary analysis indicates that there is a market in Gifford for the kinds of goods and services that Neighborhood <br /> Commercial Activity Centers provide. <br /> Indian River County 46 <br /> Community Development Department <br /> S <br />