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NJ Future Forum 2012 Investing Strategically in TOD Morrissy
 

NJ Future Forum 2012 Investing Strategically in TOD Morrissy

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    NJ Future Forum 2012 Investing Strategically in TOD Morrissy NJ Future Forum 2012 Investing Strategically in TOD Morrissy Presentation Transcript

    • The Valley Revitalization Initiative www.handsinc.org
    • The Valley Revitalization Initiative • Eight Year Planning and action approach • 40 blocks – the Valley neighborhood of Orange and West Orange • HANDS Inc nonprofit community development corporation is the prime mover
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Max Build-out vs.The Urban Village
    • Engage residents, institutions, organizations and two municipalities • Three Universities assisted • 100s of stakeholders participated • Orange and West Orange participated in Smart Growth planning (DCA Grant)
    • The Organic Planning Strategy• Ignite a vision• Create a signature project to create momentum• Engage stakeholders in comprehensive planning• Control real estate• Advocate for and embrace redevelopment and zoning powers• Clean-up industrial sites• Attract the best private sector developers
    • Several plans make the whole• Valley Revitalization Plan approved by DCA for Neighborhood Revitalization Tax Credit• Central Valley Redevelopment Plan– Orange• Mitchell-Joyce Rezoning Plan-West Orange• ValleyArts Business Plan 2005 Smart Growth Award from New Jersey Futures 2006-2009 HANDS, Inc; the City of Orange and• Brownfields Development the Township of West Orange Area Plan
    • Eliminate the blight• Obsolete deteriorated factory buildings• Brownfields – industrial contamination from hat mfg. and later industrial uses• Problem properties – residential and commercial
    • The challenges met and overcome• Minimized residential displacement• Retained key labor- intensive employers• Retained the remaining historic character• Critical mass of new development around the RR station• Making it work for the residents of Orange• Range of housing choices
    • Build on the Valley Neighborhood’s Assets• Train station• Historic character• Large public park• East branch of the Rahway River• Location on urban/suburban divide• Popular Italian restaurants• Shared by two towns
    • Create a world class urban village• Transit oriented• Pedestrian friendly• Range of housing choices• Mixed-use with neighborhood retail• Community Arts Program• New public park space
    • The Arts as an Engine• ValleyArts- a new community organization• Neighborhood revitalization• Economic development• Raise academic achievement• Create a dynamic identity
    • Public Art
    • Utilize obsolete industrial buildings• Artist live/work spaces• Commercial Arts Center• Community Arts facility
    • Resurrect the Valley’s past• Hat making center 1860-1920s• Historic industrial buildings• Strong neighborhood identity
    • Rebuild the Valley’s tax base• 600+ new residential units- $120 million investment• 100 arts spaces for working artists and retailers• Neighborhood retail
    • Rebuild the Valley’s tax base• Retain major light industrial employers• Top quality private sector developers• Arts District built around old factories and popular restaurants
    • Create green spacePedestrian greenway entrance to the Valley
    • Attract ResourcesPeople, $$$, Partners
    • Commitment to artists and innovators
    • Social enterprise
    • Affordable financing is required
    • Invest in People
    • The Valley Revitalization Initiative www.handsinc.org