NJ Future Forum 2012 Investing Strategically in TOD Morrissy

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The Valley Revitalization Initiative www.handsinc.org

Transcript of NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Page 1: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

The Valley Revitalization Initiative

www.handsinc.org

Page 2: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

The Valley Revitalization Initiative

• Eight Year Planning and action approach

• 40 blocks – the Valley neighborhood of Orange and West Orange

• HANDS Inc nonprofit community development corporation is the prime mover

Page 3: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 4: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 5: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 6: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 7: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 8: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

Page 9: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Max Build-out

vs.

The Urban Village

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Engage residents, institutions, organizations

and two municipalities

• Three Universities assisted

• 100s of stakeholders participated

• Orange and West Orange

participated in Smart Growth

planning (DCA Grant)

Page 11: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

The Organic Planning Strategy

• Ignite a vision

• Create a signature project to create momentum

• Engage stakeholders in comprehensive planning

• Control real estate

• Advocate for and embrace redevelopment and zoning powers

• Clean-up industrial sites

• Attract the best private sector developers

Page 12: NJ Future Forum 2012 Investing Strategically in TOD Morrissy

Several plans make the whole

• Valley Revitalization Plan approved by DCA for Neighborhood Revitalization Tax Credit

• Central Valley Redevelopment Plan– Orange

• Mitchell-Joyce Rezoning Plan-West Orange

• ValleyArts Business Plan

2006-2009

• Brownfields Development Area Plan

2005 Smart Growth Award from New Jersey Futures

HANDS, Inc; the City of Orange and

the Township of West Orange

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Eliminate the blight

• Obsolete deteriorated

factory buildings

• Brownfields – industrial

contamination from hat

mfg. and later industrial

uses

• Problem properties –

residential and

commercial

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The challenges met and overcome

• Minimized residential displacement

• Retained key labor-intensive employers

• Retained the remaining historic character

• Critical mass of new development around the RR station

• Making it work for the residents of Orange

• Range of housing choices

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Build on the Valley Neighborhood’s Assets

• Train station

• Historic character

• Large public park

• East branch of the

Rahway River

• Location on

urban/suburban divide

• Popular Italian

restaurants

• Shared by two towns

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Create a world class urban village

• Transit oriented

• Pedestrian friendly

• Range of housing choices

• Mixed-use with

neighborhood retail

• Community Arts Program

• New public park space

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The Arts as an Engine

• ValleyArts- a new

community organization

• Neighborhood

revitalization

• Economic development

• Raise academic

achievement

• Create a dynamic

identity

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Public Art

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Utilize obsolete industrial buildings

• Artist live/work

spaces

• Commercial Arts

Center

• Community Arts

facility

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Resurrect the Valley’s past

• Hat making center

1860-1920s

• Historic industrial

buildings

• Strong neighborhood

identity

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Rebuild the Valley’s tax base

• 600+ new residential units- $120 million investment

• 100 arts spaces for working artists and retailers

• Neighborhood retail

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Rebuild the Valley’s tax base

• Retain major light industrial employers

• Top quality private sector developers

• Arts District built around old factories and

popular restaurants

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Create green space

Pedestrian greenway entrance to the Valley

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Attract Resources

People, $$$, Partners

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Commitment to artists and

innovators

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Social enterprise

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Affordable financing is required

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Invest in People

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The Valley Revitalization Initiative

www.handsinc.org