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Larry Adams, Jr. AIA, PartnerLarry Adams, Jr. AIA, Partner

Donald Martin AICP, Director Donald Martin AICP, Director

Community Economic Growth Advisors Community Economic Growth Advisors

Aligning Public Investment Aligning Public Investment & Economic Strategies & Economic Strategies

with with Purpose-Driven DevelopmentPurpose-Driven Development

Some 120 Million more peopleSome 120 Million more people

are expected to flood intoare expected to flood into urban mega-regionsurban mega-regions

in the coming in the coming two decades.two decades.

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Average is over.Average is over.

We must bring something extra to the table.We must bring something extra to the table.

Need to create valuable Need to create valuable “cool places”…not projects.“cool places”…not projects.

Reducing public debt & generating income is essential.Reducing public debt & generating income is essential.

The New Economy Purpose driven….cultivate & grow

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Unsustainable Financial Structure Unsustainable Financial Structure

Commoditization of Real EstateCommoditization of Real Estate

Demographic SeparationDemographic Separation

Planning & Econ Dev DisconnectPlanning & Econ Dev Disconnect

Old EconomyOld Economy

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““OOur economyur economy is in the midst is in the midst of aof a fundamental transitionfundamental transition that wethat we must get in front ofmust get in front of or be left or be left behind.behind.””

April 2, 2013 Emerging Leaders ConferenceApril 2, 2013 Emerging Leaders Conference

EPIC MOMENTEPIC MOMENT

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Consumer IncomeConsumer Income == 1989 Levels 1989 Levels

JobsJobs = = Creative Class Workers Jobs DecreaseCreative Class Workers Jobs Decrease

Health & EducationHealth & Education = = Business Models Broken Business Models Broken

InfrastructureInfrastructure = = Congestion-Environment-CostCongestion-Environment-Cost

Ad Valorem Ad Valorem = = Debt vs. Taxes Debt vs. Taxes

Econ Dev Tipping Points Econ Dev Tipping Points

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2012 governing.com

Public Sector Investment ChallengesPublic Sector Investment Challenges

Utilities, et al. in financial crisisUtilities, et al. in financial crisis

$$

$$

Cities, Towns, Counties in financial crisisCities, Towns, Counties in financial crisis

Public DebtPublic Debt

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The Great Divide between The Great Divide between Planning & Investment Planning & Investment

• Old regulatory planning habits don’Old regulatory planning habits don’t workt work

• New economics needed for new demographicsNew economics needed for new demographics

• Too much code not integrated with economicsToo much code not integrated with economics

• Public-led Data vs. Developer-led Public-led Data vs. Developer-led

• Public sector must account for ROI Public sector must account for ROI

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Developing Developing hyper-local assets hyper-local assets using using

purpose-driven data purpose-driven data will yield the next will yield the next

decade’s decade’s economic progress.economic progress.

New Priorities for New Priorities for Economic DevelopmentEconomic Development

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HIGH LEVELHIGH LEVELASSESSMENTASSESSMENT

FINANCIAL FINANCIAL MODEL MODEL

BUILDBUILD

TODAYTODAY

GO-NO GOGO-NO GO

BUILDBUILD

Step 1 Step 2

Public-led Investment Based Planning Public-led Investment Based Planning A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector

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HIGH LEVELHIGH LEVELASSESSMENTASSESSMENT

FINANCIAL FINANCIAL MODEL MODEL

TODAYTODAY

GO-NO GOGO-NO GO GO-NO GOGO-NO GO

BUILDBUILD

Step 1 Step 2 Step 3 Step 4 Step 5

Public-led Investment Based Planning Public-led Investment Based Planning A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector

SOFTSOFTSOLICITATIONSOLICITATION

MASTER MASTER DEVELOPERDEVELOPERAGREEMENTAGREEMENT

BUILDBUILDPUBLICPUBLICSUPPORTSUPPORT

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Investment Based PlanningInvestment Based PlanningApplications & DriversApplications & Drivers

Individual CommunitiesIndividual Communities

Metropolitan AreasMetropolitan Areas

Entire RegionsEntire Regions

Millennials Millennials

Cool Places vs. ProjectsCool Places vs. Projects

Seamless Speed, ConnectivitySeamless Speed, Connectivity

Transit Oriented Development Transit Oriented Development

Distributed EducationDistributed Education

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Seamless Speed-Connectivity-MobilitySeamless Speed-Connectivity-Mobility+80 Million Millennials +80 Million Millennials (Gen X, Y, Z)(Gen X, Y, Z)

a live first, work second consumera live first, work second consumer

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Transit Oriented DevelopmentTransit Oriented Developmentbest connected places will winbest connected places will win

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Transit Oriented DevelopmentTransit Oriented Developmentbest connected places will winbest connected places will win

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Incredible Investment OpportunityIncredible Investment Opportunity

TTransit ransit OOriented riented EEducation ducation

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AEROTROPOLISAEROTROPOLIS

New Growth & ConnectivityNew Growth & Connectivitybetweenbetween

Cities & AirportsCities & Airports

“The cities that thrive in the 21st century will be those that put airports at their centre”…

US academic John Kasarda.

Denver, Miami, Orlando in New Airport Multi-modal

Transit Development

Incheon International Airport, South KoreaIncheon International Airport, South Korea New Songdo Aerotropolis, South KoreaNew Songdo Aerotropolis, South Korea

ACi ACi

Investment Based Planning ResultsInvestment Based Planning Results

Cities In-fill Development $ 115M (2012-2013)Cities In-fill Development $ 115M (2012-2013)

Regional Transit Systems $ 200M (2011-2013) Regional Transit Systems $ 200M (2011-2013)

AirportsAirports $ 1B (2012-2017) $ 1B (2012-2017)

Health & Education Health & Education $ 120M (2011-2013) $ 120M (2011-2013)

All involve some degree of P3 cooperation All involve some degree of P3 cooperation

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Public-led Investment Based PlanningPublic-led Investment Based Planning……the whole is greater than sum of the parts…the whole is greater than sum of the parts…

Hyper-localHyper-localAssetsAssets

New MarketNew MarketData/TrendsData/Trends

InputsInputs ProcessProcess YieldYield

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ladams@aciarch.comladams@aciarch.com

407 . 740 . 8405407 . 740 . 8405

Investment Based Planning ApplicationsInvestment Based Planning ApplicationsNext ACi Webinar: 12-12-2013 Next ACi Webinar: 12-12-2013