NEIGHBORHOOD ANALYSIS. The subject neighborhood is generally the waterfront side of Congress Way just north of the White Pass Dock. This area is approximately 1/4 mile south of the downtown core and serves as access to town from the cruise ship dock. Immediate improvements include the dock, the city harbor, a small lease for Petro Marine’s fuel service for the harbor, and two restaurants on leased lands (including the subject). There is an RV campground just to the north of the subject and the harbor parking area. This area generally encompasses the entire White Pass Dock and goes to Xxxxxx Creek to the north. The sea walk along the bulkhead has redirected pedestrian traffic away from Congress Way and along the walkway. The walkway is appealing with benches, architectural features and paved walks. 18-032 / Skagway Fish Co. Land Lease Update FIGURE 1 – Subject Location Map 9 | Page 3 PROPERTY DESCRIPTION
NEIGHBORHOOD ANALYSIS. Grantee shall prepare a written analysis on a minimum of four (4) up to seven (7) older neighborhoods in accordance with paragraph 3.A above. Deliverable due date: April 15, 2017 Completion of Deliverable 1 as evidenced by submittal of all of the following: 1.Written analysis of the neighborhoods, including: a. Demographics, housing, amenities, and housing and neighborhood conditions. b. Five graphs and/or maps as visual aids. Grantee shall submit copies of all required documentation on paper or electronically in MS Word or PDF format, and all maps on a compact disc in PDF format with ArcGis compatible shapefiles. $8,000 As provided in paragraph 14 below.
NEIGHBORHOOD ANALYSIS. After the regional analysis, the next step in the preliminary study is to analyze the specific neighborhood where the property is located. The definition of a neighborhood varies considerably f rom one place to another. In rural areas, a neighborhood may consist of many square miles. In an urban area, a neighborhood may be only a few blocks. The qualities of the neighborhood have a significant bearing on the property’s value and use. Important neighborhood characteristics include: the level of maintenance ( Are the buildings and grounds well cared for, or in poor condition?); a growth or decline in population; and the economic status of the residents. A property manager should discover the reasons behind any neighborhood trends. Is the population density increasing because of further development or because single- family homes are changing into rooming houses? Development is a sign of economic prosperity; rooming house tenancies are not. A neighborhood analysis helps a property manager factor location into the management plan. No matter how effectively a property is operated, i ts profitability will be strongly affected by its location. Once the characteristics of the location have been determined, realistic management goals can be set.
NEIGHBORHOOD ANALYSIS. The subject is located in a transitional zone adjacent to the waterfront areas. Several blocks to the north of the subject are zoned Industrial as part of this transitional area. The airport tarmac (plane parking) is directly across the street from the subject. The neighborhood also has such uses as the public works shop. More industrial uses are found south of the subject toward the waterfront primarily related to storage and shipping as opposed to manufacturing. Generally, the subject neighborhood reflects other areas in the Skagway market, with relatively stable values.
