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SNEAPA 2013 Thursday c2 1_45 meeting the growing demand
 

SNEAPA 2013 Thursday c2 1_45 meeting the growing demand

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Meeting the Growing Demand for Downtown Living

Meeting the Growing Demand for Downtown Living

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  • The Come Home to Downtown Pilot Program is designed to explore downtown redevelopment issues in depth and to develop new strategies to respond to changing demographics and market dynamics within Connecticut’s downtowns. We expect that the results of this program will bring new models for mixed use development and redevelopment to CT communities.
  • Overview of bios
  • Comments by CT Housing Finance AuthorityCMSC / CHFA Partnership: Why this program is importantCHFA is supporting activities that assist with the redevelopment of mixed-use real estate into downtown housing opportunities, while also furthering responsible growth and economic & community development strategies.CHFA approached CMSC about creating this program with the intention of facilitating viable, interesting housing opportunities while creating downtown neighborhoods.CHFA believes that redeveloped mixed use buildings will especially appeal to Young Professionals and Empty Nesters who want to live in vibrant, mixed-use neighborhoods where they don’t have to rely on a car
  • The NeedIn today’s climate of fiscal challenges, municipalities need to grow, but to grow sustainablyThis means both finding ways to increase the tax base and reduce costs, while ensuring we maintain our quality of life and the quality of our environment for generations to comeFor these reasons, many municipal leaders are beginning to focus their plans for growth on their existing downtowns and neighborhood commercial districts, where the infrastructure is already in place and development can enhance an already walkable, mixed-use environment, with choices for housing and transportation reducing our reliance on the car and fossil fuel.The return on investment for a municipality that directs its growth to walkable, compact, mixed-use, amenity-rich, transit-accessible neighborhoods is phenomenal.
  • Vacant Buildings Cost CommunitiesPeople living downtown enhance the local enconomy
  • Ashville, North CarolinaA picturesque mountain city with a population of 83,000 that draws tourists from all over the worldDowntown is a major draw – and a major driver in helping the city overcome budgetary challengesA typical acre of mixed-use downtown Ashville yields $360,000 more in tax revenue to city government than an acre of strip malls or big box stores.
  • Probably heard about this growing interest in living downtown, especially from baby boomers and their children. Recent article…….
  • The Challenge:Despite all the benefits of focusing growth in downtowns and that there is a strong demand for this kind of growth, this kind of mixed-use/mixed-income development has become a lost art form after 60+ years of single-use, car-oriented development.It is even more challenging in downtown, where there are multiple property owners and uses that all need to be coordinated and integrated. An effective downtown management program is essential for building the needed capacity, expertise and consensus.Our original hypothesis was: the three largest impediments to mixed-use development are:An unsupportive regulatory environmentLack of financing optionsThe perception that density leads to blight, overcrowding and loss in valueToday we’re going to let you know what we found out in three CT towns.With this pilot program we plan to address and begin to conquer these impediments. The goals of the Come Home to Downtown program are:To provide public and private champions and partners with strategic tools to allow them to create or enhance a strong downtown management program; To set the stage, through regulatory reform, technical assistance and the creation of financial tools, to attract developers and “mom and pop” building owners to redevelop vacant or underutilized buildings with a mix of uses and housing choices; andTo design, implement and measure outcomes of projects that can be replicated in other communities across Connecticut
  • That’s how it all got started.Put together a consultant to help us address these issuesJust finished the 1st year and beginning year 2??
  • Three towns were chosenSubmitted Letter of Interest October 2012Select communities asked to conduct a downtown tour with proposed project leaders. Chosen based on a set of criteria – most importantly – communities with a strong likelihood of success – supportive staff and leadership, already working downtown, and appropriate building (some communities didn’t have)
  • In each town designated Liaisons and Advisory Teams (diverse group of downtown stakeholders) – met and provided local guidance and input throughout the processCommunity meetings designed to share preliminary results and get community feedbackUnderstood this process work differently in each town and worked with them to find out “What’s right for your town?” Found each community had recently done some visioning and consensus building around downtown in relation to other planning and related effortsCMSC understood that if involve the communityin the process, then they are more likely to understand and support future downtown revitalization efforts.
  • John & Marty will talk about in more detailDevelopment Audit: Made recommendations to assist municipalities in their efforts to encourage redevelopment. We/project consultant/Bill Crosskey analyzed:Regulatory environment and land use controls – Zoning & PermittingExisting/potential planning and redevelopment tools and incentivesdesign guidelines, tax incentives & other financial resourcesModel Building Analysis CMSC select representative examples of mixed use buildings typically found in Connecticut. Recommended how the buildings can be physically redeveloped to accommodate housing on upper floors and commercial uses on ground floors.These Model Building Analyses will not only help the owners of the selected properties, but are intended to be replicable in any town with a similar building type.Assistance to Property ownersMany downtown property owners do not have experience with this type of redevelopment and need support and guidance on all aspects of the redevelopment process, from planning & design, to construction & financing, to marketing and managing rental property.
  • Urban Design Audit: An attractive and inviting environment draws customers to local business, helps property owners generate income, and improves the quality of life for the entire community. The design audit:Identified downtown assets and liabilities related to architecture, pedestrian scale, and community identity
  • Down town Management AssistanceWhat is right for each downtown – one had a designated MS program, another BID and another working with City Economic Development office
  • Municipalities must partner and work with others to make this happenWe heard from people interested in living DT given the right situationProperty owners need lots of help with make this happen
  • Municipalities must partner and work with others to make this happenWe heard from people interested in living DT given the right situationProperty owners need lots of help with make this happen
  • Municipalities must partner and work with others to make this happenWe heard from people interested in living DT given the right situationProperty owners need lots of help with make this happen
  • John Simone begins hereLU regs promote mixed use development as of rightParking an issue even if not required in regsWide variety of experience among property owners – but none had experience with DT mixed use developmentSignificant financial issues – still working with towns to address gap
  • Focus on MiddletownProperty & Owners most typical – found throughout the state
  • Amato’s - great local business family – committed to DT MiddletownModel - 2 buildings together – long & narrowGot great feedback at public meeting about interest in this style of market rate housing DT
  • 4 - long, large, loft-style apartments – windows in front and back2 small studio units
  • JS
  • Found…….
  • Options….
  • Property owners need assistance throughout development process and after to manage & market property
  • Develop a TeamProperty Owner workshops
  • Context & some history
  • Maybe mention some other things they’ve done – gallariesBut still looking for assistance developing upper floors
  • Some recommendations – Dave will talk about more
  • CMSC working with City’s Economic Development OfficeOngoing marketing and branding campaign – It’s Happening Here

SNEAPA 2013 Thursday c2 1_45 meeting the growing demand SNEAPA 2013 Thursday c2 1_45 meeting the growing demand Presentation Transcript