Breadth of Strength and Experience Urban Planning Urban Design Sense of Place
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Transcript of Breadth of Strength and Experience Urban Planning Urban Design Sense of Place
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Breadth of Strength and Experience
Urban Planning
Urban Design
Sense of Place
Understanding Mixed-Use Synergies
Historic Preservation
Public/Private Partnerships
Real Estate Development Experience
Real Estate Economics/Finance
Phased Mixed-Use District Development
Tax Increment Financing (TIF)
Tax Credit Expertise
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Market-Driven Downtown Planning
• More than just pretty pictures/project wish lists• An understanding of the realities of the downtown
development market infuses our work from the very beginning; not to inhibit our vision, but to make sure that it is a viable and feasible one
• The result is a market-driven plan AND specific implementable programs and development projects that can begin to take shape immediately.
• An initial set of catalytic development projects
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Catalytic Development Projects• Projects that can jump-start the vision• Projects that can both accommodate existing unmet
market demand AND induce new market demand• Projects that can serve as anchors for a downtown
district and spur additional development; new downtown “destinations.”
• Projects of a size and scale that can be implemented under current economic conditions and show initial, early success
• Projects that help “brand” the new downtown Laredo
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Example: Owensboro, Kentucky
- Downtown Owensboro Strategy: completed November 2008
- Gateway Planning, CityVisions, TKX
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Results: One Year Later
-raised 60M in public funds
Projects underway:
- Riverfront Park- 27 acre waterfront acquisition- Downtown Public Market Square- Two way Street conversion- Streetscape Program- Downtown Convention Hotel (private w/NMTC)- Downtown Convention Center- Downtown Arts Academy-- Downtown Arts District- Arts District residential Historic Rehab (HTC/NMTC)- Historic District Residential Rehab (private)- Waterfront new residential development (private)- New utility HG Building (private)
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Owensboro Arts and Cultural District
• Unique new mixed-use “District” with arts focus residential potential
• Induce additional retail and residential demand
• Mix of historic rehabilitation and contemporary new units
• Feeds off adjacency of RiverPark Center and waterfront revitalization
• Has potential for critical mass
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Catalytic Projects: Louisville
• West Main Street• Louisville Slugger Museum• Waterfront Park• Fourth Street Live• 21C Hotel• Glassworks Lofts• Henry Clay Building
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West Main Street
“One of the great streets in America”- American Planning Association 2008
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West Main Street
Initial Public Investment $ 7.5 million
Initial Public/Private Partnership $ 20 million
Total Investment to Date $200 million
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Louisville Slugger Museum
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Waterfront Park
Top Ten Urban Parks in AmericaUrban Land Institute
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Fourth Street Live!
2005 Urban Land InstituteAward for Excellence
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Fourth Street Live! Phase II
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21C Hotel, Louisville, KY. “Best US Hotel – 2009” – Conde Nast
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The Louisville Glassworks Lofts at the old Snead Manufacturing Building
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The Louisville Glassworks Lofts
Living in Louisville’s Downtown
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The Louisville Glassworks Lofts
Working in Louisville’s Downtown
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The Louisville Glassworks Lofts
Playing in Louisville’s Downtown
The Jazz Factory
Roof Top Deck
Hot Shop & Glass working
Glass Gallery & Gift Shop
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T H E H E N R Y C L A Y
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T H E H E N R Y C L A Y
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T H E
H E N R Y C L A Y
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T H E H E N R Y C L A Y
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LIVING
AT T H E H E N R Y C L A Y
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Financing and Capital: Public and Private
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Downtown Housing Fund
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Best Revolving Loan FundCDFA
Downtown Achievement Award IDA
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Downtown Housing 1985-2003: 230 units(prior to Downtown Housing Fund)
Downtown Housing 2003-2009 1,800 units(since Downtown Housing Fund)
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New Markets Tax Credits2009 Allocations• Texas Only• Texas Community Development Capital Corp
$75,000,000 Texas Mezzanine Fund, Inc. $25,000,000
• Texas Included $ 815,000,000
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Richardson-Olmsted ComplexBuffalo, New York
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Richardson-Olmsted ComplexBuffalo, New York
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Master Development: A Mix of Uses
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Master Development