Finance Strategy: Initial Findings (May 2013)

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In this presentation you'll get a preview of the public-private funding strategies for RiverFirst. Included are demographic maps of the RiverFirst area, key themes for implementation, findings about …

In this presentation you'll get a preview of the public-private funding strategies for RiverFirst. Included are demographic maps of the RiverFirst area, key themes for implementation, findings about perception and approach to implementation, and broad Priority Project funding projections.

Donjek Inc. of St. Paul, Minnesota, completed the Finance Strategy research and analysis and prepared these Initial Findings.

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  • 1. Funding Strategy: Initial FindingsRiverFirst Steering CommitteeMay, 2013
  • 2. Scope of RiverFirstFunding Strategy
  • 3. Funding Strategy: Initial FindingsI. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
  • 4. Function– Active Use– Tandem Development andOpen Space– Transport– Urban HeritageDemonstration– ConservationFunding Prospects: Function and GeographyOverlapping Areas– Central Riverfront– North Side– Northeast
  • 5. Mapping ofRiverFirst AreaAttributes
  • 6. Residents of Color as Proportion of Total Population by Census Tract2006 –– 2010 American Community Survey
  • 7. CurrentDesign TeamProjectsApprox. $40millionPriority Projects Identified inImplementation Framework, PlusAcquisition and CleanupAdd: Waterworks ParkAdd: Gateway ParkApprox. $235 millionReconciling the Project Scope
  • 8. Funding Strategy: Initial FindingsI. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
  • 9. RiverFirst Stakeholder and Funder InterviewsCompleted over 35 interviews of Minneapolis and regionalstakeholders• Representatives of the Business Community• Prospective Contributors and Champions• Civic Leaders• Foundation Program Officers
  • 10. RiverFirst Stakeholder and Funder InterviewsProminent Themes• Interest is significant• Contingent on a unified case with strong position in acompetitive landscape• Each priority project offers a ““hook”” and basis of interest• At the same time, the broader RiverFirst narrative is key• Take advantage of opportunities to demonstrate value now• Transformative scale is central to the RiverFirst case
  • 11. Funding Strategy: Initial FindingsI. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
  • 12. Funding Strategy: Initial FindingsI. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
  • 13. Case Study: Discovery Green
  • 14. Case Study: Millennium Park
  • 15. Case Study: Brooklyn Bridge Park
  • 16. Public Presentation of Funding Strategy Initial FindingsMinneapolis Park and Recreation BoardMay 1, 5:00pmRiverFirst Steering CommitteeMay 2, 7:30-9:00amCommissioner Open House: RiverFirstMay 2, 11:00amPublic Open HouseMay 2, 6:00-8:00pmAll events at MPRB Headquarters
  • 17. Questions / Contact InformationJon CommersDonjek, Inc.Ph. (651) 645-4644commers@donjek.comSteve DevereuxDevereux Development Consulting, LLCAdam MooreMoore Sustainable PlanningScherer Site