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MainPlace Mall <br />Net Fiscal Impact and Economic Analysis <br />December 2018 <br />Page 8 of 33 <br />2.0 Project Description <br />2.1 Location <br />City of Santa Ana <br />Incorporated In 1886, the City of Santa Ana is a key economic and governmental driver in the <br />center of Orange County. Serving as the County Seat, the City has a 2018 estimated population <br />of 338,247 individuals, Santa Ana Is the second largest City in Orange County and the eleventh <br />largest in the State of California. Its population is predominantly Hispanic (78.2%). <br />Traditionally a largely residential community, modern Santa Ana is characterized by several <br />distinct districts, each with their own unique environment and lifestyles. The core of the city is <br />the downtown area with a dense campus of City and county administrative, retail, and housing <br />uses. The midtown district to the north Is home to several unique entertainment features <br />including the Bowers Museum of Cultural Arts, the Discovery Science Center, and the <br />MainPlace Mall. While to the south, the City has maintained its largely suburban residential <br />character. <br />The City's central location offers direct access to several major California freeways including <br />Interstate Highways 5 and 405, and State Highway 55. The city Is also home two major transit <br />hubs in the Santa Ana Regional Transportation Center and John Wayne Airport. <br />Reflective of its strong economic character, Santa Ana Is the corporate headquarters for several <br />major companies including: Behr Paint, First American Corporation, Greenwood & Hall, Ingram <br />Micro, and STEC. it also houses regional headquarters for Xerox, T-Mobile, and Ultimate <br />Software. <br />Project Site <br />As shown in Exhibit 2.1.1, the MainPlace Mall Is located on the northern edge of the City, just <br />east of the intersection of State Route 22 and Interstate Highway 5. The eastern side of the Site <br />is bordered by North Main Street, on the opposite of which lies the City of Orange. <br />The mail has a current gross leasable area of approximately 1,100,000 sf, and consists of <br />approximately 200 stores, 14 restaurants, two department stores, a gym, and other <br />entertainment options. The Nordstrom store has been vacant since March 2017. <br />The analyses, projections, assumptions, and any examples presented herein are for <br />kosmtyn,,,, illustrative purposes and are not a guarantee of actual and/or future results. Tax analyses <br />are projections only. Actual results may differ from those expressed In this analysis. <br />75D-543 <br />