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The household income within the 1 mile radius is lower than the <br />mile radii. Almost 33% earn $15,000 or less in annual income but this number might be <br />misleading due to the large number of college students living wi <br /> <br />Housing values vary within the three concentric circles with gre <br />housing in the 1 mile radius valued between $200,000 - $299,000. A unusually high <br />amount (61.70%) of the housing stock within 1 mile of the center <br />before. <br /> <br />Economic Assessment of Project Area <br /> <br />The University City Loop and DeBaliviere corridors have a number of distinct economic <br />advantages. These include, but are not limited to: <br /> <br /> active commercial/retail areas with multiple food establishments <br />providers, entertainment venues, educational assets and professi <br /> close proximity to a top level institution of higher learning and majo <br />centers (Clayton-Brentwood, BJC-Washington University Medical Center, Page <br />Avenue industrial corridor); <br /> <br /> immediate access to a highly skilled and educated labor force; <br /> <br /> a central location within a major metropolitan area with nearby access to s <br />federal highways; <br /> <br /> sufficient infrastructure (i.e. water, sewer, power, telecommuni <br />support existing business activity and moderate growth; <br /> <br /> an extensive public transportation system, including two MetroLink stops; and <br /> <br /> local governments (University City and St. Louis City) committed <br />development. <br /> <br /> <br />This list of advantages is key to attracting, retaining and expa <br />will create family-support jobs, capital investment and new business opportunities <br />entrepreneurs. But these advantages are tempered by a number of <br />including: <br /> <br /> limits on traditional infrastructure to support high levels of e <br />particular the lack of electric power sources to support large data ce <br /> <br /> issues of traffic congestion and lack of parking near or along b <br /> <br /> <br /> lack of modern housing options in immediate area to support a high-tech <br />workforce; and <br /> <br /> inconsistent and/or insufficient ultra-high-speed broadband connectivity. <br /> <br /> <br />Each of these limitations are addressable with actions by a comb <br />county governments, interested developers, regional institutions and a supportive <br />critical to its long-term economic success, especially in broadband connectivity. <br />Companies like Cisco, Square and Answers.com depend upon the ultra-high-speed <br />connections to the internet to stay competitive in the global ma <br />these local companies recently made locational decisions influen <br />secure a reliable and affordable high speed internet connection. <br /> <br />Potential industries that would be attracted to this location: <br />Page 4 of 7 <br /> <br />