Your SlideShare is downloading. ×
0
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Larry Lee's presentation to BCVB on May 29, 2013
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Larry Lee's presentation to BCVB on May 29, 2013

60

Published on

A look at the future of South Loop.

A look at the future of South Loop.

Published in: Real Estate
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
60
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
1
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Picturing South Loop
  • 2. • Metrodome decision - 1978• ULI Study - 1979• TH77 - 1980• Airport South District Plan adopted - 1981• Bloomington Port Authority created –1981• James Lindau, Bloomington Mayor1977-19881978-1981Losing Twins and Vikings
  • 3. • City acquires Met Stadium site - 1984• Embassy Suites - 1984• International Plaza - 1985• Stadium site RFP - 1985• 34th Avenue Hilton – 19851984-1985Lemonade out of lemons
  • 4. • MOA groundbreaking - 1989• US Fish & Wildlife HQ – 1989• 24th Avenue, Killebrew andLindau interchangesopened – 1991• Mall of America - 1992• Country Inn - 1993• Fairfield Inn - 19941989-1994Serving the lemonade
  • 5. • Legislature airport location decision -1996• Hyatt Place (originally AmericInn) -1996• Homewood Suites - 1997• Residence Inn - 1997• Marriott Courtyard - 1997• Holiday Inn Express - 1999• Health Partners occupies former CDCbuilding - 2000• MAC acquires RPZ and demolishesSheraton, Registry and Xcel Inn –2000-2004• Ceridian - 20001996-2000Keeping MSP airport
  • 6. • McGough buys Control Data site - 2001• Old Cedar Bridge closed to peds andbikes - 2002• N/S Runway - 2002• LRT - 2004• IKEA - 2004• Radisson Water Park Hotel - 2004• Reflections - 2006• Hampton & Spring Hill Suites - 20062001-2006Setting the stage for South Loop
  • 7. 2007-2011Developmentlanguishes
  • 8. • South Loop Plan adopted - 2012• Radisson Blu - 20132012-2013Regaining momentum
  • 9. • LRT and bus transit• MSP Airport• Regional freeway access• National Wildlife Refuge• Mall of America andBloomington Central Station• Soft sites (under orundeveloped areas)South Loop Assets
  • 10. Why is South Loop Important?
  • 11. South Loop Plan Goals
  • 12. South Loop Plan Goals
  • 13. South Loop Plan Goals
  • 14. South Loop Plan Goals
  • 15. South Loop Plan Goals
  • 16. • Demographics favor smallerhomes close to jobs.• MSP has the 5th highest rate ofpeople living alone (40.3% ofhouseholds).• MSP has the 4th highest rate ofunrelated people living together(15.7% of households).Factors that Will HelpSmaller homes close to jobs
  • 17. • Reducing vehicle use reducesenergy use and emissions.• Expense efficiencies add to themarket demand andincrease home values.Factors that Will HelpTransit-oriented districts will develop faster
  • 18. • Semiconductors and related devices hada 37% compound annual growth ratefrom 2003 to 2010.▫ $185 million in 2003 to $1.2 billionin 2010• 55% of Bloomington’s 8,300hotel rooms are located in or adjacent toSouth Loop.• 30% of licensed food establishments arelocated in South Loop, MOA has over125 licensed food establishments.• MOA is outperforming other retail malls.Factors that Will HelpSemiconductor, hospitality, corporate HQ and retailclusters will drive development
  • 19. • Green neighborhoods thrivebecause people find themconvenient and pleasant.• 25-30% of potential home buyersprefer sustainable neighborhoods.• Compact neighborhoods reduceutility infrastructure costs.• Save up to 10% of developmentcosts and local government servicecosts.Factors that Will HelpSuccessful growth strategies leverage the environment
  • 20. • 10% of housing is located inwalkable urban places.• 1 in 3 homeowners prefer to live inthese places.• Pent-up demand is evident in TODhousing prices.• Per sq. ft. urban residential sellsfor a 40% to 200% premium.• Met Council predicts the metroarea will add 164,000 householdsbetween 2010-2019.• If 50% of these new dwellings arein walkable districts, South Loopwould need to “capture” only 2% toreach projections.Factors that Will HelpPeople want compact, walkable and transit
  • 21. • 16.3 million passengerdepartures in 2010.• 20.9 million departures in 2020and 27.3 million in 2030.• Significant growth engine.Factors that Will HelpGrowing MSP Airport
  • 22. • In 2011 Forbes ranked theMSP area #10 most attractiveto young professionals ages24-34 years old and holding aBachelor’s or graduate degree.Factors that Will HelpRegion attracts young professionals
  • 23. Land Use Framework HighlightsLindau Link
  • 24. Parks & Open Space Framework Highlights
  • 25. Circulation & Movement Framework Highlights
  • 26. Focus Development in the “L”Incent private investmentin compact, mixed-use,development through:• Strategic publicinvestment ininfrastructure.• Implement zoning anddesign guidelines.
  • 27. Public InvestmentOver in public investment 2013 to 2017
  • 28. • Connect MOA Phase II.• Create a spine connecting MOA and BCS.• Vehicle capacity.• Transit route.Lindau Link - $49 MillionWhat it accomplishes
  • 29. • Design and functionconsistent with highestvolume station in metroarea.• Ped connection to siteseast of MOA.• Entry impression for10% of MOAcustomers.MOA Transit Station- $20 MillionWhat it accomplishes
  • 30. • Pedestrian connection to sitessouth of Killebrew.• District gateway.Killebrew Pedestrian Bridge - $4.4 MillionWhat it accomplishes
  • 31. • Develop a creative placemaking plan• Display projects by artists ofregional/national significance• Create excitement and visibilityfor South Loop• Integrate art into the designof public spaces• Create a more livable, vibrant andbeautiful District• BTAC, the City and three partners(BCVB, MOA and McGough)• October 2013 to October 2015Placemaking Grant - $300KWhat it accomplishes
  • 32. • Desired resident amenity.• Sale point for housing.• Park shelter.• New refuge access.• Where dogs taketheir humansto socialize.Hydrant Park & Trailhead - $1.2 MillionWhat it accomplishes
  • 33. • Make wildlife refuge accessible topeople (employees, hotel guests,and residents).• Loop trip alternatives.• Links to regional trail system.• Old Cedar Ave Bridge,a key link.Trails & Trailheads $1.25 MillionWhat it accomplishes
  • 34. Projections
  • 35. 165,000 Total District Population by 2020
  • 36. Where do ROOM NIGHTS Come From?
  • 37. Picturing South Loop

×