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Anne Haynes, John Simone, Scott Wolf -- Catalyzing Development
1. “A Call to Arms” for The Local Developer
April 28th, 2016
10:45-11:45
2. • Anne Haynes- Director of Transformative Dev.- MassDevelopment
• John Simone- Executive Director- Connecticut Main Street Center
• Scott Wolf- Executive Director- Grow Smart Rhode Island
“A Call to Arms” Catalyzing Local Developers
8. A pilot program with the CT Housing Development Authority
Working on the Solution
9. Overall Findings
Discover, encourage & support urban
pioneers
It takes a village to bring old buildings back
to life
Small deals need easy-to-cook “lasagna”
financing recipes
18. What’s Next?
Tax-Increment Financing Districts
Cultivating a cottage industry of small-deal
professionals – developers, contractors,
lenders, TA providers
Integrating all state resources
Don’t forget the first floor commercial
19. Connecticut Main Street Center
c/o CL&P PO Box 270
Hartford CT 06141
860-280-2337
info@ctmainstreet.org
www.ctmainstreet.org
35. But Houston we have a
problem…..and
opportunity
Who can we partner
with to redevelop this
scale?
Editor's Notes
The Challenge:
Despite all the benefits of focusing growth in downtowns and that there is a strong demand for this kind of growth, this kind of mixed-use/mixed-income development has become a lost art form after 60+ years of single-use, car-oriented development.
It is even more challenging in downtown, where there are multiple property owners and uses that all need to be coordinated and integrated. An effective downtown management program is essential for building the needed capacity, expertise and consensus.
Impediments to mixed-use development include:
An unsupportive regulatory environment
Lack of financing options
The perception that density leads to blight, overcrowding and loss in value
With this program we plan to address and begin to conquer these and other impediments. The goals of the Come Home to Downtown program are:
To provide public and private champions and partners with strategic tools to allow them to create or enhance a strong downtown management program;
To set the stage, through regulatory reform, technical assistance and the creation of financial tools, to attract developers and “mom and pop” building owners to redevelop vacant or underutilized buildings with a mix of uses and housing choices; and
To design, implement and measure outcomes of projects that can be replicated in other communities across Connecticut
The Come Home to Downtown Pilot Program is designed to explore downtown redevelopment issues in depth and to develop new strategies to respond to changing demographics and market dynamics within Connecticut’s downtowns.
We expect that the results of this program will bring new models for mixed use development and redevelopment to CT communities.
Year 2 Program Overview
Downtown Development Audit – look at existing downtown development environment and determine what changes are needed to make more welcoming and to encourage redevelopment
Looked at zoning & permitting & design guidelines, tax incentives & other financial resources
Model Building Analysis
Goal to select representative examples of mixed use buildings typically found in Connecticut – to be replicable in other communities.
Recommended how the buildings can be physically redeveloped to accommodate housing on upper floors and commercial uses on ground floors. Architect will share the conceptual floor plans he developed.
These are the buildings we worked with this year – NB and Meriden.
Assistance to Property owners
Many downtown property owners do not have experience with this type of redevelopment or any development. Often small business with no construction or residential property management experience.
Need support and guidance on all aspects of the redevelopment process, from planning & design, to construction & financing, to marketing and managing rental property.
Downtown Management Assistance
CMCS is continuing to work with these communities to increase their capacity to promote downtown redevelopment.
New Britain has the NB Downtown District/BID – continue to work with them to identify ways they can support downtown redevelopment
