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A 21st Century Riverfront Above the Falls<br />September,  2011<br />
MR|DI – Enhancing the Minneapolis brand<br />
MR|DI – Extending success above the falls<br />3 Decades of Downtown Investment:<br />6:1Private/Public Investment<br />
MR|DI – Parks framework underpins larger ATF land use update<br />
Strategy:  Opportunistic vision for next generation public investment; plan for short term success<br />
Phase I is critical to success<br />Bring all Minneapolitans to the river<br />Foster advocacy for plan completion<br />Se...
Watershed/Habitat Corridors<br />Meadow/Emergent<br />Riparian/Upland<br />ECOSYSTEMS<br />
Loops<br />MOBILITY NETWORK<br />
River Talk<br />INFORMATION/ENERGY NETWORKS<br />x<br />
PRIORITY PLAN<br />2-5 YEARS<br />VISION PLAN<br />10-20 YEARS<br />PHASING PLANS<br />
BNSF Garden Café Bridge<br />Plymouth Knot Bridge<br />TRAILS & BRIDGES<br />
Design Team Slides go here<br />BIOHAVENS<br />
26th AVE/FARVIEW EXTENSION<br />
Design Team Slides go here<br />26th AVE/FARVIEW EXTENSION<br />
SCHERER PARK DISTRICT<br />
Design Team Slides go here<br />SCHERER PARK DISTRICT<br />
NORTHSIDE WETLAND PARK<br />
Design Team Slides go here<br />NORTHSIDE WETLAND PARK<br />
DOWNTOWN GATEWAY PARK<br />
Phase I Capital Costs<br />* Excludes easement/land acquisition for trails<br />** Costs developed by MortensonConstructio...
Great ideas, great designs, and strong leadership attract capital.<br />
Make the first phase real:  match third-party sources to priority projects<br />Legacy Amendment Funding<br />Transportati...
Match third-party sources to appropriate priority projects<br />Legacy Amendment Funding<br />Transportation Enhancement F...
Typically, a wide range of operations & maintenance sources.<br />General Fund<br />Special Levy<br />BID Charge<br />Food...
Securing non-MPRB operating resources will be challenging<br />NOT Downtown<br />NOT affluent neighborhoods<br />NOT a cit...
MPRB funding will be critical, particularly in early years.<br />General Funds<br />Special Levy<br />Special Assessments<...
Real estate-related sources will most likely provide the greatest magnitude of private funding.<br />General Fund<br />Spe...
Target 2 primary sources: ground lease payments & Housing Improvement Areas / Special Assessment Districts<br />Low-Rise R...
Stormwater management fee savings may be repurposed for parkland O&M.<br />General Fund<br />Special Levy<br />Special Ass...
Recapture existing stormwater management fees<br />Impervious Lot Area<br />Stormwater Fee<br />E.S.U.<br />=<br />X<br />...
Other sources should continually be pursued by park stewards.<br />General Fund<br />Special Levy<br />Special Assessments...
Implementation and governance must be coordinated by multiple parties.<br />
A 21st Century Riverfront Above the Falls<br />September,  2011<br />
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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.

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

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