Central market ppt1 a.raymon_j.elks_r.newman


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Central market ppt1 a.raymon_j.elks_r.newman

  1. 1. Project: Central Market <br />Using Capital Markets Tools to Revitalize an Urban Area<br />Team Here There : Jen Elks, Rachel Newman, Ariel Raymon<br />
  2. 2. Boundary<br />
  3. 3. Central Market Partnership led by OEWD<br />
  4. 4. Issues<br />Empty & underutilized large buildings <br />Poor building condition; little “leasable” space<br />Lack of retail/services/jobs for neighborhood<br />Relatively high retail rents for what you get <br />Open spaces and sidewalks populated by “bad behaviors” rather than positive activity/foot traffic<br />Highest concentration of social services and SRO’s in the city<br />
  5. 5. History of Buildings<br />
  6. 6. Current Vacancies<br />
  7. 7. SF: Successes & Failures<br />The Fillmore<br /><ul><li>Mint Plaza</li></li></ul><li>What’s in the Works<br />Projects from Jordan’s PPT<br />Dkd<br />CityPlace<br />High-end hostel<br />
  8. 8. What’s Working Elsewhere<br />Atlanta’s East Lake district<br /><ul><li>Portland, OR</li></li></ul><li>What’s Working Elsewhere<br />Purpose-Built Communities<br />New Orleans, LA<br />Jackson, MS<br />Indianapolis, IN<br />Rome, GA<br />Charlotte, NC<br />Clarkston, GA<br />Birmingham, AL<br />
  9. 9. Possible Solutions<br />Urban Redevelopment<br />Incentives<br />Disincentives<br />Land Trusts<br />Direct Public Offerings<br />Business Development Corporations<br />
  10. 10. Our Idea<br />Social<br />Impact Bonds <br />Social Investment Bonds <br />Pay for Success Bonds<br />
  11. 11. Our Idea<br />
  12. 12. Next Steps<br />Meeting with Jordan Klein<br />Workwith George Kosterto further develop & define our plan<br />Develop a contact at Purpose Built Communities<br />Continue to research and develop a Social Impact/ Investment Bond Strategy<br />
  13. 13. Questions<br /><ul><li>We are looking to use Social Impact Bonds
  14. 14. Does anyone have direct experience with this Capital Market tool?
  15. 15. Success stories?
  16. 16. Issues to be aware of?
  17. 17. Other ideas for tools that may work well to incentivize real estate development?</li></li></ul><li>References:<br />A look back at Mid-Market Street. (2010, June 8). San Francisco Chronicle. Retrieved from http://articles.sfgate.com/2010-06-08/bay-area/21781420_1_city-releases-herb-caen-bay-area-rapid-transit/3<br />All about urban renewal areas (URA) … (n.d.). Portland Development Commission. Retrieved from http://www.pdc.us/about_pdc/urban_renewal.asp<br />The Argenta. (n.d.). Curbed SF. Retrieved from http://sf.curbed.com/tags/the-argenta<br />Boston, Lauren. (2010, June). Rebirth on the bayou. Units. National Apartment Association. pp. 34-40. Retrieved from http://purposebuiltcommunities.org/images/stories/downloadable_docs/2010-06 units magazine cp article june 2010.pdf<br />Central Market Development Projects. (n.d.). San Francisco Office of Economic and Workforce Development. Retrieved from http://www.sfredevelopment.org/Modules/ShowDocument.aspx?documentid=2363<br />Central Market Partnership. (n.d.). San Francisco Office of Economic and Workforce Development. Retrieved October 3, 2011, from http://www.oewd.org/Central_Market.aspx<br />CityPlace - Revitalizing San Francisco’s Main Thoroughfare. (n.d.). City Place. Retrieved October 3, 2011, Retrieved from http://www.discovercityplace.com/index.shtml<br />
  18. 18. The Designs For San Francisco’s “CityPlace” (935-965 Market Street). (n.d.). SocketSite. Retrieved October 3, 2011, Retrieved from http://www.socketsite.com/archives/2008/10/the_designs_for_san_francsicos_cityplace_935965_market.html<br />Dineen, J. K. (2010, September 14). CityPlace wins at Board of Supes - San Francisco Business Times. San Francisco Business Times. Retrieved from http://www.bizjournals.com/sanfrancisco/blog/2010/09/cityplace_wins_at_board_of_supes.html<br />Evans, Tim. (2011, September 29). Warren Buffett joins team tackling urban redevelopment. USA Today. Retrieved from http://www.usatoday.com/money/economy/story/2011-09-29/buffett-urban-development/50610124/1<br />Horton, Laura. (n.d.). East Lake. About.com. Retrieved from http://atlanta.about.com/od/neighborhoods/p/east-lake.htm<br />Leonhardt, D. (2011, February 8). For Federal Programs, a Taste of Market Discipline. The New York Times. Retrieved fromhttp://www.nytimes.com/2011/02/09/business/economy/09leonhardt.html?_r=1<br />Liebman, J.B. (2011, February 9). Social Impact Bonds: A Promising New Financing Model to Accelerate Social Innovation and Improve Government Performance. The Center for American Progress. Retrieved fromhttp://www.americanprogress.org/issues/2011/02/social_impact_bonds.html<br />Mayor Lee Opens Zendesk in Central Market & Announces New Office Expansion. (n.d.). Office of the Mayor. Retrieved October 3, 2011, Retrieved from http://www.sfmayor.org/index.aspx?page=546<br />
  19. 19. Mulgan, G. (n.d.). Social Impact Bonds and Social Value. The Young Foundation.Retrieved from http://www.youngfoundation.org/social-innovation/tips/social-impact-bonds-and-social-value<br />Overview. (2010). Mint Plaza. Retrieved from http://www.mintplazasf.org/overview.php<br />Paying for Success, The Federal Budget Fiscal Year 2012. (n.d.). Office of Management and Budget, The White House. Retrieved from http://www.whitehouse.gov/omb/factsheet/paying-for-success<br />Performance bonds, Who succeeds gets paid: Barack Obama imports a big idea from Britain. (2011, February 17). The Economist. Retrieved fromhttp://www.economist.com/node/18180436?story_id=18180436<br />Reviving Mid Market. (n.d.). Liveable City. Retrieved October 3, 2011, Retrieved from http://www.livablecity.org/campaigns/neighborhoods/mid-market.html<br />Social Impact Bonds. (n.d.). Social Finance. Retrieved from http://www.socialfinance.org.uk/work/sibs<br />SOMA Grand. (n.d.). Curbed SF. Retrieved from http://sf.curbed.com/tags/soma-grand<br />What we do. (n.d.). Purpose Built Communities. Retrieved from http://purposebuiltcommunities.org/our-purpose/what-we-do.html<br />