6.1.3.3 Industrial Land Sufficiency <br />A comparison of the supply of industrial land, based on the 2012 <br />employment land supply (Part I of the Employment Land Study), with the <br />demand for industrial land in the previous sub-section results in a <br />determination of whether Eugene has enough industrial land to <br />accommodate growth over the 20-year period (i.e., whether Eugene has <br />sufficient industrial land). <br />Industrial Sites Smaller than 10 Acres <br />Table 34 shows industrial land sufficiency for sites smaller than 10 acres. <br />The 2012 employment land supply shows that Eugene has 435 vacant or <br />redevelopable acres of industrial land. Eugene has 404 acres of vacant <br />industrial land on sites smaller than 10 acres. Table 34 estimates that <br />Eugene's existing industrial land base has about 31 acres of <br />redevelopment capacity.75 Table 31 shows that Eugene has demand for <br />283 acres of industrial land on sites smaller than 10 acres. <br />The sufficiency of Eugene's industrial land on sites smaller than 10 acres <br />was calculated by subtracting the land need from the supply of land. <br />Eugene has a surplus of 152 industrial acres located on smaller than 10 <br />acres.76 In other words, Eugene has an adequate supply of sites smaller <br />than 10 acres to meet its demand for the next 20 years. Eugene assumes <br />that this extra capacity of small sites, along with measures taken to <br />encourage economic development inside its current UGB, will <br />accommodate its need for the small employment sites (less than 10 acres) <br />sought by some of its target industries. <br />75 This assumption is consistent with the finding of the redevelopment capacity of Eugene's <br />commercial land base, which showed that about 5% of new commercial employment can be <br />accommodated through redevelopment. This analysis assumes that the industrial land base for <br />sites smaller than 10 acres can accommodate about 5% of new employment (310 jobs) through <br />redevelopment. At a density of 10 EPA, this results in 31 acres of industrial redevelopment. <br />76 The 152 acre surplus was derived by subtracting land demand from land supply (435 minus 283 <br />equals 152). <br />Part 11 - Eugene Economic Opportunities Analysis ECONorthwest Page 123 <br />