Sustainable economic development

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Sustainable economic development

  1. 1. Economic Development 101 For Bradley U Engineers
  2. 2. Sustainable “Green” Development
  3. 3. Deep Recession – High Unemployment – Slow Recovery – Possible Double Dip Recession
  4. 4. When the Going Gets Tough` • The Tough Get Going • Why Plan, When you can React? • Figure out what to do, then just do it.
  5. 5. How Many Know • A Lot about Economic Development? • A Little about Economic Development? • Never Heard of it - What is it?
  6. 6. Plan / Strategize • Any Road will do when you don’t know where you are going • Develop an Economic Development Strategy • Use big but fast public strategy session
  7. 7. What’s Different Now? • Greater sense of urgency • Need to restore confidence • Need to incent entrepreneurs • Streamline / reduce regulation • Reduce fees • Provide Incentives
  8. 8. Major Public Session • Provides Input • Gets Citizen Participation • Creates Enthusiasm • Part of Your Comprehensive Plan • Provides Road Map for your Future • Get it done fast, publish, do it, refine
  9. 9. Sustainable Development • "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs." • United Nations
  10. 10. KEEP • Keep the Businesses You Have • Expand your Businesses • Enhance your town and attract new jobs • Protect and improve your environment
  11. 11. Hard Times, But Progress
  12. 12. Illinois Medical Center The Plan
  13. 13. The Reality
  14. 14. OSF – The Plan
  15. 15. OSF Under Construction
  16. 16. Methodist Hospital – The Plan
  17. 17. Methodist Under Construction
  18. 18. Long Term Acute Health Care Plan
  19. 19. Under Construction
  20. 20. Under Construction
  21. 21. Innovation Center - The Plan
  22. 22. The Reality
  23. 23. Pastoral Center
  24. 24. Lazer Electric
  25. 25. Heartland MSA
  26. 26. Airport Groundbreaking
  27. 27. Hospitality Improvement Zone
  28. 28. Trained & Capable Work Force • Can’t keep and attract • business without • trained and capable workers
  29. 29. Full Service Mariott Hotel
  30. 30. Build The BLOCK !!!
  31. 31. Tax Increment Financing Districts (TIFs) & an Enterprise Zone
  32. 32. Needs Some TLC
  33. 33. Poor area Near downtown Prime for Redevelopment
  34. 34. Warehouse District
  35. 35. WAREHOUSE TO RENOVATE AT 800 WASHINGTON STREET
  36. 36. Create a Great Neighborhood • Per the Heart of Peoria Plan • Improve our Riverfront
  37. 37. Green Edge Plan New park land along River from downtown to Grand View Drive Slow road along River New Housing to pay for road
  38. 38. Make River’s Edge More Natural
  39. 39. Area North of I-74 • Help revitalize the city. • Create quality mixed use development. • Develop an attractive scenic drive. • Create quality new parkland. • Improve the safety and usability of Riverfront Park. • Provide housing opportunities in a park like atmosphere. Examples of Homes (housing opportunities)
  40. 40. CONCEPT PLAN Development would utilize about 100’ of land adjacent to railroad. Scenic overlook drive running the length of the development. Three access points; Irving Street, Morton Street & Spring Street. Soil dredged from the river would create new parkland. Development will assist in the resolution of combined sewer overflow issues.
  41. 41. Islands
  42. 42. Market Research says 194 dwelling units a year
  43. 43. http://craighullinger.com

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