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The land use plan is a guide for local decisions regarding future development along the corridor. However, the individual land owners will still remain in control of their properties as they are today, and would have to pursue development for it to occur. The County will not purchase property for the purposes of private development. Properties recommended for a land use change will continue in its existing use. Only when the land owner pursues any type of development will the recommended land use plan be used. If the land owner chooses to leave the property in its current state, the corridor will remain as it. A Tax Increment Financing District (TIF) was established that runs narrowly along the University Parkway and expands near the intersection with SR 66, as shown in Figure 1-1. The TIF is a funding source from the collection of an increment of tax dollars within the boundary which can be used for infrastructure improvements.

guidelines for the PlAn

• County will not purchase property for the purposes of private development. • Properties recommended for a land use change will continue in its existing use. • Only when the land owner pursues any type of development will the recommended land use plan be used. • If the land owner chooses to leave the property in its current state, the corridor will remain as it.

Figure 1-1 Existing TIF District

Figure 1-2 Existing Land Use The process for the plan began with research to gain a better understanding of the University Parkway Corridor and the area around it which influences the corridor. This research covered a variety of topics including land use, transportation systems, public utilities, and the market. Each provided valuable insight and direction for the progression of the plan. This section provides a brief overview of the existing corridor conditions. A more detailed report can be found in Appendix C.

Land Use & Zoning

As shown in Figure 1-2: Existing Land Use, the University Parkway Corridor is rural in character with a majority of the uses being agricultural and some residential in clusters. Forested regions are scattered amongst the Parkway. Most of the residential resides south of Hogue Road. Currently most of the corridor is agricultural land use, within which county regulations permit residential subdivisions, and certain special uses allowing them to span the corridor.

Transportation Systems

The University Parkway Corridor, being a rural area of Vanderburgh County, still has several major roadways serving it. University Parkway is a minor arterial connecting two major roadways, Lloyd Expressway (SR 62) a principal arterial and Diamond Avenue (SR 66) a major collector. Along this corridor, traffic is relatively low except in select areas. The major peak times for traffic are 7:00 am to 8:00 am and 4:15 pm to 5:15 pm. Most of the corridor manages this traffic well except two intersections, Hogue Road and Upper Mount Vernon Road which have some difficulty during peak hours.