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Final June Maincor

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Final June Maincor

  1. 2. MainCor Overview <ul><li>Main Street Corridor Development Corporation (MainCor)‏ </li></ul><ul><li>Founded in 1981 as a nonprofit community development center with an emphasis on economic/business development that brings together corporations, small businesses, institutions, neighborhoods and the City. </li></ul><ul><li>Mission: to provide support and technical assistance to encourage effective economic development along the Main Street Corridor to create a safe, clean, inviting place for people to visit, shop, live & work. </li></ul>
  2. 3. MainCor Overview <ul><li>Main Street Community Improvement District (CID)‏ </li></ul><ul><li>Founded in 2007, serves as a self assessed taxing district by the property owners that goes above and beyond city-provided services such as policing and maintaining public areas. </li></ul><ul><li>Mission: To promote the General Welfare and Common Good through a &quot;Clean & Safe&quot; program as well as increase Quality of Life and promote economic development in the surrounding urban area. </li></ul>
  3. 4. Major Projects Overview <ul><li>Armour Boulevard’s many high rise apartment buildings </li></ul><ul><li>The Hawthorne at 39 th & Main, which will undergo historic renovations and add 76 market rate units on Main Street </li></ul><ul><li>The Park Reserve with the approximate addition of 100 condos </li></ul><ul><li>Union Hill Development adding residential units along with retail and office spaces </li></ul><ul><li>St. Paul’s Episcopal Day School’s expansion </li></ul>
  4. 5. Major Projects Overview <ul><li>The Katz’s Building serves as a landmark with the possibility to be used as a gateway </li></ul><ul><li>Holiday Inn redevelopment into office space & boutique hotel </li></ul><ul><li>Crown Center’s long term plans of expansion </li></ul><ul><li>American Century Investments purchase of the former H&R Block building, providing land for future expansion </li></ul><ul><li>Possibility of future Light Rail </li></ul>
  5. 6. Successes <ul><li>Hawthorn </li></ul><ul><li>Big Bay </li></ul><ul><li>Shell </li></ul><ul><li>Union Hill </li></ul><ul><li>IRS </li></ul><ul><li>Trinity Site </li></ul><ul><li>Children’s Center Campus </li></ul><ul><li>Contract Furnishings’ Pocket Park </li></ul><ul><li>Conklin Fangman </li></ul><ul><li>Gates BBQ </li></ul><ul><li>Liberty Memorial </li></ul><ul><li>Main Street CID </li></ul><ul><li>Growth of Membership </li></ul><ul><li>MAX </li></ul><ul><li>Down Zoning </li></ul>
  6. 7. Successes <ul><li>39 th Street& Main (CDBG) </li></ul><ul><li>Midtown Marketplace </li></ul><ul><li>Special Review District </li></ul><ul><li>The Main Street Corridor Land Use & Development Plan </li></ul><ul><li>The Main Street Streetscape Plan </li></ul><ul><li>Southtown TIF </li></ul><ul><li>Federal Reserve Bank </li></ul><ul><li>QuickTrip </li></ul><ul><li>American Century </li></ul><ul><li>43 rd Street & Main </li></ul><ul><li>Major Murray Davis Park </li></ul><ul><li>Katz </li></ul>
  7. 8. DrillDown Highlights <ul><li>Population: Crossroads is fully captured by the DrillDown </li></ul><ul><li>Westport area shows strong gains </li></ul><ul><li>Drop in the Hyde Park area is due to downzoning </li></ul><ul><li>Average Income: Old Westport and Hyde Park households have a significant informal economy captured by the DrillDown </li></ul>
  8. 9. DrillDown Highlights <ul><li>Crossroads income is fully captured by the Drilldown </li></ul><ul><li>Purchasing Power: Hyde Park indicates significant gentrification – decline in population, but very high purchasing power </li></ul><ul><li>Old Westport is a much stronger market than the Census indicates </li></ul>
  9. 19. Remarks <ul><li>Main Street is a viable commercial market and development area. </li></ul><ul><li>Momentum is here and the Opportunities are building. </li></ul><ul><li>Such as: </li></ul><ul><li>Density (residential)‏ </li></ul><ul><li>Transit </li></ul>
  10. 20. Questions? For More Information: 3215 Main Street, Suite 200 Phone:816.753.3820 Kansas City, MO 64111 Fax:816.753.3821 Diane Burnette, Executive Director [email_address] Dan Melton, KCUMA Coordinator [email_address] http://www.kcuma.org

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