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

    • A 21st Century Riverfront Above the Falls
      September, 2011
    • MR|DI – Enhancing the Minneapolis brand
    • MR|DI – Extending success above the falls
      3 Decades of Downtown Investment:
      6:1Private/Public Investment
    • MR|DI – Parks framework underpins larger ATF land use update
    • Strategy: Opportunistic vision for next generation public investment; plan for short term success
    • 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
    • Watershed/Habitat Corridors
      Meadow/Emergent
      Riparian/Upland
      ECOSYSTEMS
    • Loops
      MOBILITY NETWORK
    • River Talk
      INFORMATION/ENERGY NETWORKS
      x
    • PRIORITY PLAN
      2-5 YEARS
      VISION PLAN
      10-20 YEARS
      PHASING PLANS
    • BNSF Garden Café Bridge
      Plymouth Knot Bridge
      TRAILS & BRIDGES
    • Design Team Slides go here
      BIOHAVENS
    • 26th AVE/FARVIEW EXTENSION
    • Design Team Slides go here
      26th AVE/FARVIEW EXTENSION
    • SCHERER PARK DISTRICT
    • Design Team Slides go here
      SCHERER PARK DISTRICT
    • NORTHSIDE WETLAND PARK
    • Design Team Slides go here
      NORTHSIDE WETLAND PARK
    • DOWNTOWN GATEWAY PARK
    • Phase I Capital Costs
      * Excludes easement/land acquisition for trails
      ** Costs developed by MortensonConstruction
    • Great ideas, great designs, and strong leadership attract capital.
    • 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
    • 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
    • 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
    • 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
      +
    • 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
    • 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
    • Target 2 primary sources: ground lease payments & Housing Improvement Areas / Special Assessment Districts
      Low-Rise Residential
      Owner-Operator
      Sources: Bay Area Economics; site appraisals
    • 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
    • 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
    • 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
    • Implementation and governance must be coordinated by multiple parties.
    • A 21st Century Riverfront Above the Falls
      September, 2011