Page 19 - Valparaiso, IN U.S. 30 Corridor Plan
P. 19

Adopted July 25, 2011





                                                                                                                                                                                         The corridor has historically served as the city’s
                                                                                                                                                                                         principal service corridor – a home for a variety of
                                                                                                                                                                                         everyday businesses and activities serving both a
                                                                                                                                                                                         local and regional clientele. While this plan doesn’t
                                                                                                                                                                                         contemplate major changes to this basic function,
                                                                                                                                                                                         a number of possible influences may affect market
                                                                                                                                                                                         changes to the  corridor during the life of the plan.

                                                                                                                                                                                         Perhaps the biggest influence will come from the
                                                                                                                                                                                         City’s comparatively large and growing professional
                                                                                                                                                                                         services economy; particularly in the area of legal
                                                                                                                                                                                         and medical services. While State Road (SR) 49 is
                                                                                                                                                                                         positioned to absorb much of this potential growth
                                                                                                                   Map 2.1, Regional Context                                             (especially larger institutional-scale uses), US 30
                                                                                                                                                                                         could  be  expected  to  see  some  of  the  overspill;
                                                                                                                                                                                         especially in ancillary functions that don’t need the
                                                                                                                                                                                         higher visibility/higher cost environment of SR-49.
                                                                                                                                                                                         These uses include such things as medical clinics
                                                                                                                                                                                         and labs, office backroom operations, and smaller
                                                                                                                                                                                         format A-class and B-class office facilities.

                                                                                                                                                                                         The growing  stature and projected  enrollment
                                                                                                                                                                                         of Valparaiso University is also likely to create
                                                                                                                                                                                         pressure for new development within the corridor
                                                                                                                                                                                         particularly in the area of hospitality services and
                                                                                                                                                                                         other off-site support services and facilities. (Much
                                                                                                                                                                                         of this may also end up occurring on Lincolnway.)
                                                                                                                                                                                         Anticipated development and job growth around
                                                                                                                                                                                         the airport is likely to add further to these
                                                                                                                                                                                         pressures. So too may the continued success of
                                                                                                                                                                                         nearby developments like the Purdue Technology
                                                                                                                                                                                         Park in Merriville as successful companies spin-
                                                                                                                                                                                         out into nearby communities, like Valparaiso, that
                                                                                                                                                                                         offer a higher “place-quality”.

                                                                                                                                                                                         Finally, the City’s growing connection to Metro
                                                                                                                                                                                         Chicago may further add to the City’s opportunities
                                                                                                                                                                                         for new business growth within the corridor
                                                                                                                                                                                         particularly in the area of satellite offices and
                                                                                                                                                                                         starter (office/flex) space for small businesses.

                                                                                                                                                                                         Combined,  the  expansion  of  Valparaiso’s
                                                                                                                                                                                         institutional,  professional  services,  and
                                                                                                                                                                                         manufacturing sectors is likely to drive the
                                                                                                                                                                                         demand for some new retail development in the
                                                                                                                                                                                         corridor. New plans for the Valparaiso University
                                                                                                                                                                                         campus and the Porter County Municipal Airport
                                                                                                                                                                                         area  are  being  prepared  concurrently  with  this
                                                                                                                                                                                         plan.  The timing of this plan also coincides with
                                                                                                                                                                                         a new regional comprehensive plan for the three-
                                                                                                                                                                                         county northwest Indiana region.
                     Map 2.2, Local Context




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