12. Impact
- Residential population sours from 50 people in 2000 to
1,500 by 2015
- Office Employment reaches new high of 14,500
- Private investment in new districts throughout the
downtown, in excess of $500 million
- Most restaurants per capita in Virginia
- Office Occupancy around 95%
13. Next Steps
• Retail Recruitment Strategy
• Streetscape Improvements
• New/more public space
• Tourism/hospitality
• Entrepreneurship
• New Construction
Decentralization to suburban markets in both retail and office lead to a precipitous decline
Decentralization to suburban markets in both retail and office lead to a precipitous decline
Decentralization to suburban markets in both retail and office lead to a precipitous decline
Importance of Downtown
-Captures the history of the city
-serves as symbol, both inward and outward of progress, development, and economic health
-It combines, economy, community/socializing, and culture
-Decline of downtown and decentralization was a big problem for everyone—economically, socially, culturally, so the importance is trifold: quality of life, economic, and social
Regional Center for Commerce, Culture, and Quality of Life
Land use, uses
Preservation as identity
Centralizing the intangibles
Investment into historic buildings
Recreate centers of identtiy (community spaces)
Focus on residential development and redevelopment
Programming the space
Investment (private)
Tourism, visitation, new interest
Future plans