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the County Seat, Princeton is doing much better because of the <br />airport. <br />Virgil Barnes - 2807 Taylor Street - Stated that he is Airport <br />Manager at Gateway and has visited many small towns with small <br />airports and most of those towns are progressing or planning to <br />progress or expand. The airport traffic levels we are talking <br />about at Gateway in the near future would be no greater than <br />the traffic level at Gateway 5 years ago. The initial local <br />investment will be off -set 3 or 4 fold by the revenue generated <br />from the airport being there, <br />Commissioner Sieber referred to the local investment and the <br />multiplying affect coming back to the City 3 or 4 fold and pointed <br />out that in the best of cases, it would mean a 10-15% margin for <br />Ramsey. <br />Chairman Tppel referred to Mr. Babcock's comment that -one small <br />store will.generate $40,000 in revenue for Ramsey and inquired <br />as to what Ramsey has out here now that will attract that business <br />to locate in Ramsey. He further commented that a growing <br />industrial park creates jobs and even if those employees don't <br />live in Ramsey they will patronize businesses in the area. To <br />develop an industrial park you need an attraction and an airport <br />is an attraction that draws. <br />Commissioner Greenberg agreed and stated that a good portion of <br />his business comes from -employees of businesses in the area. <br />Commissioner Sieber pointed out that an increase in business can <br />also be attributed to the increase in population in Ramsey. <br />Doug Lida. R Stated that supply and demand determines home values <br />and an increase in employment -opportunities in Ramsey would <br />increase the demand for homes. Mr. Leda also stated that first <br />impressions also determine -property values and first impressions <br />you get coming into Ramsey on Cty. Rd. #47 and Sunfish Blvd. are <br />not good. <br />Chairman Ippel adjourned the public meeting at 10:36 p.m, <br />Respectfully submitted, <br />Sy1via Frolik <br />Secretary <br />AP/August 22, 1984 <br />Public Meeting <br />Page 10 of 10 <br />