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figure. Expectations are for 12% growth in the next fiscal year.

Magic Mountain is a highly valued present and future asset to the

proposed City of Santa Clarita.

Acting as a magnet for other recreational businesses,

Magic Mountain and the nearby industrial park have already
I attracted a row of franchised restaurants across from the Magic

Mountain entrance. Indicative of the potential, other recrea-

tional facilities expect to locate here. Other primary attractors

include the castaic Lake Reservoir and Regional Recreational

Facilities, the nearby Angeles and Los Padres National Forests,
[] plus available camping areas. These facilities provide opportun-

ities for day trips for Los Angeles area residents.

Further evidence of the growth and need for accommodations

for the burgeoning industrial and recreational centers are

approved plans for a new 275 bed hotel to be located at Interstate

5 and Pico Canyon Road. Two existing motels within the area of

the proposed city enjoy exceptionally high occupancy rates, with

the overflow going to the San Fernando Valley. Under construction

is a large country inn in Canyon Country.

Numerous satellite shopping centers are located throughout
the proposed city. They are located in each of the communities

and feature various markets, retail shops, restaurants and service
[
businesses. A Chamber of commercesurvey (Business and Community

I Directory, 1986-87), lists in excess of 5,000 retail and profes-

sional businesses in the Santa Clarita Valley in 1986. This pat-

tern is fully expected to continue into the future.