How to Prevent and Kill Development. Not making a decision, is a decision.

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1 How to Prevent and Kill Development Not making a decision, is a decision.

2 Agenda» COMMUNITY Economic Development: Today s Paradigm» Perspectives: Economic Development, Planners, Developers» Incentives / Disincentives» Other Models» Questions

3 Sustainability A Definition» Sustainability isn t just about being green, or environmental, or economically feasible, or community minded. Sustainability is about creating the kind of community and lifestyle that can thrive even during hardship and times of change. If the economy goes sour, will our community thrive? If climate changes our weather patterns, will we be able to accommodate the change without losing what makes us a community?

4 » Can we stay true to our values when times are tough? If new growth and opportunities walk in the door, will we be able to capitalize on them and grow with them in a way that honors who we are? - CollinsWoerman Sustainability A Definition

5 What Town Are You?

6 20 th Century Economic Development Policy» Luring investment and jobs» Locally based» Incentives, infrastructure & job training» Assumes people move to jobs» Transactional/commodity mindset David Terrell, Indiana Communities Institute

7 Birth of Manufacturing Firms with 500+ Employees, USA David Terrell, Indiana Communities Institute

8 David Terrell, Indiana Communities Institute

9 Capital to Labor Ratio in US Manufacturing David Terrell, Indiana Communities Institute

10 Footloose Industries Source:

11 Cumulative Job Growth in Footloose/Non-Footloose Firms, USA David Terrell, Indiana Communities Institute

12 Why did you move here and select your home? Source: American Housing Survey

13 New Paradigms Job Creation Job creation does not necessarily lead to population growth. Capital investment in equipment does not necessarily tie to greater job creation. Most new jobs are not in footloose industries. David Terrell, Indiana Communities Institute

14 New Paradigms - Footloose Most new jobs are not in footloose industries. Households have a lot more choices about where to live. Most current (traditional) economic development efforts and resources target footloose jobs (20 th Century Model). The benefits of this model are declining and costs are increasing. Economic Development vs. Community Economic Development David Terrell, Indiana Communities Institute

15 We Should Consider Shifting policies towards those that attract households These are school quality, safe & livable communities, and recreational amenities David Terrell, Indiana Communities Institute

16 21 st Century Economic Development Policy» Luring people (talent attraction, retention, and development)» Locally based (traditional ED becomes regional)» Quality of services, amenity based» Assumes jobs move to people» Value-added mindset The value proposition Leveraging development projects for greater community impact Mixed uses, shared greenspace, improved infrastructure David Terrell, Indiana Communities Institute

17 Key Components of Primacy of Place Arts, culture, and tourism Community design Community collaboration for educational excellence Community well-being Municipal governance Community readiness for change

18 Operational Parameters Collaboration Non-traditional partners Strategic mindset and action Regional value-added Policies to match stated priorities Your budget is your priorities! Does your budget reflect your priorities? Resiliency mindset Meaningful community conversations (priorities and requirements) How well do your citizen engagement processes work?

19 Perspectives: Recognize Them Dean Waggenspack - WordPress.com

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22 What Developers Say About Communities Not Swayed by a Vocal Minority Does Community & Officials Fight for Neighborhood? Not Fearful of Change What Buildings & Land are Available? Purchase Option in Place? What is Community s Plan for Redevelopment? How Receptive are Elected Officials & Staff? Are Policies, Incentives & Development Processes in Place?

23 What Developers Say About Communities We Want to Locate Where We Are Wanted Government Appreciates Our Contribution to the Economy & Values Local Ownership Government Values Our business Activity Government is Strategically Focused on Providing a Business-Friendly Place Favorable Playing Field for All Business Activity Gov t is Active in Keeping Track of Customer / Business Satisfaction Level Where People Understand It is a Good Thing if we Make Money Leadership to Look at a Gap Analysis & Help if Needed

24 Place-Based Approach to Economic Development» Walkable, transportation options (infrastructure)» Live/work/play neighborhoods (zoning)» Wide range of housing types (policies / incentives)» Vibrant mix of restaurants, retail, entertainment (policies & codes)» Cultural attractions (policies / incentives)

25 Policies & Incentives» Does your community have a vision & a plan? Regs support the plan? Policies support the plan? Vision support the plan? Community support the plan?» Land / building inventory» Market Analysis Main Street District Cedar Falls, Iowa 50613

26 Policies & Incentives» Barriers in codes, ordinances, policies Prohibit undesirable actions? Incentivize positive actions? Level playing field Available, same for all? Do policies reflect community vision & goals? Does community budget reflect priorities?

27 » Incentives Urban renewal TIF Urban revitalization Housing Abatement SSMID / BID Public ownership: Land /bldgs. Active development group Energy incentives Façade programs Historic District RLF 1031 Exchange Tools & Surgical Instruments

28 Tools & Surgical Instruments» Policies Business retention & expansion Defined & multi-department inclusive development process Public engagement Community development plan Design guidelines/standards Preventative maintenance ord. Housing: 1 st floor, 2 nd floor? Historic preservation» Policies Land use maps Zoning code, mixed uses Shared & maximum parking Right-of-way / common space use Special event support School / business skill training Multi-modal support, 2-way roads Market analysis

29 Tools & Programs from other states

30 MI Redevelopment Ready Community» No cost, TA, statewide certification Plan for new investment / reinvestment ID assets & opportunities Focus limited resources

31 Best Practices (BP) Redevelopment» BP #1: Community Plans & Public Outreach» BP #2: Zoning Regulations» BP #3: Development Review Process» BP #4: Recruitment & Education» BP#5: Redevelopment Ready Sites» BP #6: Community Prosperity Ready Community

32 Community Plans & Outreach

33 Redevelopment Ready Sites

34 » Focuses on the challenge of unoccupied and underutilized historic buildings primarily by reshaping the conditions around the building through design, planning, placemaking, market analysis, and more. TX - The Town Square Initiative

35 TX - The Town Square Initiative» Place Driven» Market Focused» Motivated Communities» Conceptual Design» Feasibility Studies» Downtown Planning» Barrier Addressing» Best Practices Education» Policy Improvement» Market Exposure» Attracting Investors

36 » Matches qualified alumni with retiring business owners Candidate business & alumni apply Business provides financial summary Candidate(s) completes evaluation RedTire Team helps purchase transaction Business counseling provided Mentoring team provided KS RedTire» Side Note* - What about city gov t succession planning?

37 » Development is complex Business plan, proforma Site, acquisition Legal Funding / Financing Design / Construction Operation / Management Politics / Public» Developing Developers Art of the Deal

38 Development Ready Downtowns» Placemaking» Public Private Partnership» Guide to Development» Priority on Retention» Active vs. Aggressive Approaches to Recruitment» Share Successful District Stories

39 » Engage Community» Have a Vision and a Plan» Stay True to Plan & Vision» Clear Development Process» Incentives Clearly Defined» Development Sites Known» Invest in Quality of Life» Remove Policy Barriers Summary

40 IOWA DOWNTOWN RESOURCE CENTER