Reconnecting America BioDistrict - a Leader in Urban Economic Development

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Reconnecting America BioDistrict - a Leader in Urban Economic Development

  1. 1. RECONNECTING AMERICASustainable Economic Development Strategies
  2. 2. IbervilleTreme CNIBioDistrict French Quarter CBD
  3. 3. VisionBioDistrict New Orleans will become a thriving and highly livablebusiness, education, science and health destination, regardedthroughout the City and the nation as the premier revitalized urbandistrict of choice. The BioDistrict will be known for its walkable scale,new and historic neighborhoods, excellent schools and services,vibrant retail, accessible open space and transit, as well as a range ofstable and well paying bioscience and health industry jobs. TheBioDistrict will become a national model for urban revitalization, jobcreation and economic and industry development.
  4. 4. HEALTHCARE /BIOSCIENCE INDUSTRY STATE CITY Xavier Tulane LSU NOCVB GNOF Neighborhood Groups LPHI Chamber RPC Business Delgado Council Economic Development GNO, Inc. Opportunities University Medical Center Hospital VA Hospital BioInnovation CATALYST Center LA Cancer Research Center 10/16/12
  5. 5. ECONOMIC DEVELOPMENT OPPORTUNITIES Industrial Medical WO R K F O R C E STATE CITY Environmental DEVELOPMENT Informatics Xavier Tulane LSU NOCVB GNOF Neighborhood INDUSTRY Groups LPHI Chamber RPC Higher Business Delgado Council GNO, Inc. EDUCATION / Secondary TRAINING University Medical Center Primary Hospital VA Hospital BioInnovation RESEARCH Center LA Cancer Research Center Academic Corporate10/16/12
  6. 6. ECONOMIC DEVELOPMENT OPPORTUNITIES Industrial Medical WO R K F O R C E COMMUNITY STATE CITY Environmental Informatics DEVELOPMENT REVITALIZATIO Xavier N Tulane LSU NOCVB GNOF INDUSTRY Civic Amenities Neighborhood Groups LPHI Chamber Higher Retail RPC Business Delgado Council GNO, Inc. Housing EDUCATION / Secondary TRAINING Commercial University Medical Center Primary Infrastructure Hospital VA Capital Hospital RESEARCH BioInnovation Center Supply Chain LA Cancer Research Center FIRE Services Academic Corporate10/16/12
  7. 7. ECONOMIC DEVELOPMENT OPPORTUNITIES Industrial Medical WO R K F O R C E COMMUNITY STATE CITY DEVELOPMENT REVITALIZATIO Environmental Xavier Informatics N Tulane LSUNOCVB GNOF Neighborhood INDUSTRY Civic Amenities Groups LPHI Chamber Higher RPC Retail Business Delgado Council GNO, Inc. Housing EDUCATION / Secondary TRAINING Commercial University Medical Center Primary Infrastructure Hospital VA Hospital RESEARCH Capital BioInnovation Center Supply Chain LA Cancer Academic Corporate Research Center FIRE Services New Orleans Community Benefits10/16/12
  8. 8. Regional Workforce System Relevance Do our training systems provide skills and credentials align to the workforce needs of industry and business. Employer Engagement Systems Funding Integration Integration Innovation AccessAre there Feedback loops between research Is there access to training and services forand industry that connect innovation, unemployed/underemployed adults andbusiness growth, and education/training people with barriers to employment
  9. 9. BioDistrict New Orleans
  10. 10. Key Development AreasKey Development Areas focus on the BioDistrict’s target industries and potential catalytic projects, while allowing existingresidential neighborhoods to revitalize and redevelop organically. The five key areas are as follows:A: Galvez Research NeighborhoodB: Xavier/Gert Town D: Downtown Health CampusC: Tulane Avenue/Canal Street E: Civic Center
  11. 11. Galvez Research DistrictGalvez Research Neighborhood• R&D offices, labs • Full spectrum of residential options• Grocery & neighborhood retail • Container nursery & stormwater park• Urban Park
  12. 12. Galvez Research DistrictGalvez Research Neighborhood• R&D offices, labs • Full spectrum of residential options• Grocery & neighborhood retail • Container nursery & storm water park• Urban Park
  13. 13. Xavier University / Gert TownXavier/Gert Town• Compact, contiguous University expansion • Container nursery• Reopened neighborhood school & pool • Shared University/community artists’ spaces• Multi-family infill residential • Incubator/accelerator/light industrial
  14. 14. Xavier University / Gert TownXavier/Gert Town• Compact, contiguous University expansion • Container nursery• Reopened neighborhood school & pool • Shared University/community artists’ spaces• Multi-family infill residential • Incubator/accelerator/light industrial
  15. 15. Tulane Avenue / Canal StreetTulane/Canal Street• University expansion within urban fabric • Mixed-use residential with active ground floor• Math & science magnet high school • Expanded Claiborne Avenue retail• ‘Festival’ street and two urban parks
  16. 16. Tulane Avenue / Canal StreetTulane/Canal Street• University expansion within urban fabric • Mixed-use residential with active ground floor• Math & science magnet high school • Expanded Claiborne Avenue retail• ‘Festival’ street and two urban parks
  17. 17. Downtown Health CampusDowntown Health Campus• New Delgado CC academic building • ‘Festival’ street & urban plaza• Va Hospital replaced with new shared • Renovated Charity Hospitalacademic, student life, student services • Structured parking
  18. 18. Downtown Health CampusDowntown Health Campus• New Delgado CC academic building • ‘Festival’ street & urban plaza• Va Hospital replaced with new shared • Renovated Charity Hospitalacademic, student life, student services • Structured parking
  19. 19. Social Resource Provision by 2030
  20. 20. Return On Investment CONSTRUCTION IMPACT (2010 Dollars) Market Based Program 5 Year 10 Year 20 Year Residential 1,280,000 418,000 418,000 Retail 100,000 55,000 Med. Office, R&D, 175,000 625,000 800,000 Advanced Mfg. Blended Cost PSF $180-225 $197-253 $265-340 Development Value Est. $345,600,000 - $216,306,000 - $322,770,000 – $432,000,000 $277,794,000 $414,120,000Assumes BioDistrict Re-Investment10/16/12
  21. 21. Return On Investment ANNUAL IMPACT (on annual basis, 2010 Dollars) AS OF YEAR 5 AS OF YEAR 10 AS OF YEAR 20Estimated Direct 8,800 12,160 21,168EmploymentEstimated Direct 11,475 19,036 34,085and IndirectEmploymentEstimated Direct $546.7 $1,103.1 $2,528.3and IndirectPersonal EarningsEstimated State $39.9 $80.5 $184.6Sales TaxEstimated State $30.1 $60.7 $139.1Sales TaxAssumes BioDistrict Re-Investment10/16/12

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