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Chamber Ltr - River Pointe Condos DUBUQUE ARL\ CHAIo,1BER OF COMMERCE BUSINESS ADVOCATE FOR THE TRI-STATES January 18, 2006 The Honorable Roy Buol Mayor City of Dubuque 50 West 13th Street Dubuque, IA 52001 Dear Mayor Buol: On behalf of the Dubuque Area Chamber of Commerce's 1 ,ODO-plus Members, I am writing regarding the River Pointe Condominium Project. We applaud you and the City Council for your informed discussion of this land use matter. The Dubuque Area Chamber of Commerce is a strong supporter of private property rights, less government intrusion, and economic development across the tri-state region. We support 'smart growth' in Dubuque, and encourage you to promote residential and commercial development that effectively and efficiently utilizes existing land resources. We believe that the River Pointe Project captures this spirit, and encourage you to allow it to move forward. This project will inject millions of dollars of private capital into Dubuque's economy. We believe that this investment will lead to untold opportunities for additional growth and development in Dubuque, not to mention increased tax receipts for the City. As you and the City Council consider the question of how our City should grow in the future, we encourage you to make land use decisions that maximize our City's economic potential and are base on a well articulated comprehensive plan. Lastly and perhaps most importantly, moving forward with this project can send a message to private investors and developers in the tri-states and beyond that Dubuque is a community that is open for business. Thank you for your consideration. As always, please do not hesitate to contact me should you have any questions. Sincerely, ~~ Steward Sandstrom President a CEO Mail P.O. Box 705, Dubuque, IA 52004-{)705' Office 300 Main Street, Suite 200, Dubuque, IA 52001. t (563)557-9200' f (563)557-9200' www.dubuquechamber.com