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Key Disadvantages Development Patterns • Jobs-housing balance — Because of the high level of specialization in innovation industries, Pleasanton's workforce is largely made up of in-commuters from outside of the city and Tri-Valley region • Housing diversity — 64 percent of Pleasanton's housing stock is single-family detached, but about half of households are small (1-2 persons) that may want other options • Redevelopment and infill development will be needed as vacant locations dwindle — As Pleasanton continues to mature, more of the opportunities to accommodate new employment growth will occur in existing business parks and infill sites Employment Centers • Aging employment centers are inconsistent with evolving worker preferences — Research shows that an increasing number of workers — especially the younger Generation X and Generation Y workers — prefer working in walkable, mixed-use districts and are more likely to prefer transit • Infrastructure needs — According to the Pleasanton business survey, businesses find that the city's existing infrastructure is less than satisfactory, citing poor local transit options and inadequate cellular phone networks Business Environment • Increased competition for retail — Competing retail offerings at Dublin and Livermore are an ongoing threat to Pleasanton's retail dominance Permitting and Approval Process • Permitting and approval process — The recent Pleasanton business survey shows that although stakeholders rated interactions with staff as good and acknowledge that careful planning is important to maintain the city's high quality of life, Pleasanton's permitting and approval process can be perceived to be slow and difficult from a public review perspective Since that time, staff and the EVC have been working with Strategic Economics to prepare a relevant and timely updated Strategic Plan that would build on these advantages and strengths while addressing disadvantages and gaps. Page 3 of 7