Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
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Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)

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RiverFirst riverfront parks development proposal implementation plan slideshow, presented by HRA finance consultants and TLS/KVA, September 2011 in Minneapolis.

RiverFirst riverfront parks development proposal implementation plan slideshow, presented by HRA finance consultants and TLS/KVA, September 2011 in Minneapolis.

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Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011) Presentation Transcript

  • 1. A 21st Century Riverfront Above the Falls
    September, 2011
  • 2. MR|DI – Enhancing the Minneapolis brand
  • 3. MR|DI – Extending success above the falls
    3 Decades of Downtown Investment:
    6:1Private/Public Investment
  • 4. MR|DI – Parks framework underpins larger ATF land use update
  • 5. Strategy: Opportunistic vision for next generation public investment; plan for short term success
  • 6. Phase I is critical to success
    Bring all Minneapolitans to the river
    Foster advocacy for plan completion
    Secure media attention
    Demonstrate ability to complete transactions
  • 7. Watershed/Habitat Corridors
    Meadow/Emergent
    Riparian/Upland
    ECOSYSTEMS
  • 8. Loops
    MOBILITY NETWORK
  • 9. River Talk
    INFORMATION/ENERGY NETWORKS
    x
  • 10. PRIORITY PLAN
    2-5 YEARS
    VISION PLAN
    10-20 YEARS
    PHASING PLANS
  • 11. BNSF Garden Café Bridge
    Plymouth Knot Bridge
    TRAILS & BRIDGES
  • 12. Design Team Slides go here
    BIOHAVENS
  • 13. 26th AVE/FARVIEW EXTENSION
  • 14. Design Team Slides go here
    26th AVE/FARVIEW EXTENSION
  • 15. SCHERER PARK DISTRICT
  • 16. Design Team Slides go here
    SCHERER PARK DISTRICT
  • 17. NORTHSIDE WETLAND PARK
  • 18. Design Team Slides go here
    NORTHSIDE WETLAND PARK
  • 19. DOWNTOWN GATEWAY PARK
  • 20. Phase I Capital Costs
    * Excludes easement/land acquisition for trails
    ** Costs developed by MortensonConstruction
  • 21. Great ideas, great designs, and strong leadership attract capital.
  • 22. Make the first phase real: match third-party sources to priority projects
    Legacy Amendment Funding
    Transportation Enhancement Funds
    Elwell Law
    EPA Brownfield Funds
    Private Sponsorships & Philanthropy
    Other local & federal sources
  • 23. Match third-party sources to appropriate priority projects
    Legacy Amendment Funding
    Transportation Enhancement Funds
    Elwell Law
    EPA Brownfield Funds
    Private Sponsorships & Philanthropy
    Other local & federal sources
  • 24. Typically, a wide range of operations & maintenance sources.
    General Fund
    Special Levy
    BID Charge
    Food &
    Beverage
    Events & Promotions
    Parking Fees
    Corporate Sponsorship
    Real Estate
    Proceeds
    Philanthropy
    501(c)(3)
    Private
    Public
    Earned Income
  • 25. Securing non-MPRB operating resources will be challenging
    NOT Downtown
    NOT affluent neighborhoods
    NOT a city projected for significant near-term growth
    LIMITED real estate value creation (total $)
    LIMITED corporate interest
    LIMITED philanthropy
    +
  • 26. MPRB funding will be critical, particularly in early years.
    General Funds
    Special Levy
    Special Assessments
    Food &
    Beverage
    Events & Promotions
    Parking Fees
    Corporate Sponsorship
    Real Estate
    Proceeds
    Philanthropy
    501(c)(3)
    Private
    Public
    Earned Income
  • 27. Real estate-related sources will most likely provide the greatest magnitude of private funding.
    General Fund
    Special Levy
    Special Assessments
    Food &
    Beverage
    Events & Promotions
    Parking Fees
    Corporate Sponsorship
    Real Estate
    Proceeds
    Philanthropy
    501(c)(3)
    Private
    Public
    Earned Income
  • 28. Target 2 primary sources: ground lease payments & Housing Improvement Areas / Special Assessment Districts
    Low-Rise Residential
    Owner-Operator
    Sources: Bay Area Economics; site appraisals
  • 29. Stormwater management fee savings may be repurposed for parkland O&M.
    General Fund
    Special Levy
    Special Assessments
    Food &
    Beverage
    Events & Promotions
    Parking Fees
    Corporate Sponsorship
    Real Estate
    Proceeds
    Philanthropy
    501(c)(3)
    Private
    Public
    Earned Income
  • 30. Recapture existing stormwater management fees
    Impervious Lot Area
    Stormwater Fee
    E.S.U.
    =
    X
    Impervious Lot Area Reduction
    E.S.U.
    Additional Stormwater Cleaning
    $$$ Available for Park O&M
    +
    =
    X
  • 31. Other sources should continually be pursued by park stewards.
    General Fund
    Special Levy
    Special Assessments
    Food &
    Beverage
    Events & Promotions
    Parking Fees
    Corporate Sponsorship
    Real Estate
    Proceeds
    Philanthropy
    501(c)(3)
    Private
    Public
    Earned Income
  • 32. Implementation and governance must be coordinated by multiple parties.
  • 33. A 21st Century Riverfront Above the Falls
    September, 2011