Transcript Slide 1
Creating Corridors of Opportunity in MSP • Intro to the MSP experience • Setting the Stage for Success: Vision & Tools • Game Time: Surviving Construction & Partner Alignment • Are we there yet? Cross-Sector & Cross-Jurisdictional State, Regional and Local Government Business Interests Non-Profits HUD Sustainable Communities Regional Planning Grant | Intro to MSP Experience | CDFIs Living Cities Integration Initiative Foundations Vision: Accelerate the build out of the region’s transit system and adjacent development that creates opportunities for all. Getting partners to think like a corridor Transit corridors are a precious asset & major investment “Beyond the rail” opportunities in workforce, housing, economic dev. transcend station areas Each station like a charm on a bracelet but not every station can have everything In MSP – every corridor has different strengths, challenges, players, and needs. | Intro to MSP Experience | Zooming in on the Green Line | Intro to MSP Experience | Setting the Stage for Success: The Vision Setting the Stage for Success: The Vision 1 2 Reposition Saint Paul in the Region Benefit and Strengthen the Diverse Communities along the Corridor 3 4 Link and Foster Economic Activity Improve People’s Mobility throughout their Community 5 Improve the Image and Quality of Life along the Corridor 6 Involve Collaboration from Design to Operation The Principles Setting the Stage for Success: The Vision LRT has the potential to result in many positive changes along the Corridor. Identifying the potential for positive change and ways to mange this change is the primary aim of the Development Strategy. Defining Areas of Change & Stability Setting the Stage for Success: The Vision Responding to Different Places – 7 Development Typologies Low Rise Neighborhoods Urban Villages Marketplace Intensification Larger Front & Back SItes Half-Depth Infill Sites Full-Depth Infill Sites Urban Infill Blocks Setting the Stage for Success: The Tools • Station Area Plans • Zoning Code Amendments – flexibility w/mixed use, increased density, no parking minimums, and design standards • Central Corridor Design Center – Preliminary design review for new construction projects. • Central Corridor Development Guidebook - Summarizes City policies/design guidelines for TOD and includes business “tips for success.” • TOD Project Manager – professionals with private development experience providing city support to developers Setting the Stage for Success: The Tools Early market analysis (2007 – 2008) • Plan for what the market can support. • LRT will accentuate the market somewhat, and may tip the scales to make a project feasible, but doesn’t create market demand by itself. Changing! • Development faces near-term challenges (high land costs, cost of structured parking, low rents). • Market strength/viability moves from west (strongest) to east (weakest) • Residential most likely to be feasible first. TRUE! • Amenities and public improvements will be important to attracting private investment. And here are examples… Setting the Stage for Success: The Tools BEFORE streetscape improvements & station art Setting the Stage for Success: The Tools • • • • • Union Depot & Station Reopened in December 2012 after massive renovation Multimodal hub: Amtrak, intercity busses, LRT, city bus Public art throughout Community activities (free yoga on Saturdays, weekly game night and music on Wednesdays) • One-on-One Bike Studio – storage, repairs, showers Public infrastructure Game Time: Surviving Construction Investing in small business success during construction Business • Midway Chamber of Commerce Government •City of St. Paul •City of Minneapolis • Minneapolis Regional Chamber of Commerce •Metropolitan Council Community • African Development Center • Asian Economic Development Association • Saint Paul Area Chamber of Commerce • Metropolitan Consortium of Community Developers • Southeast Business Association • Neighborhood Development Center • Stadium Village Commercial Association • University Avenue Business Preparation Collaborative (U-7) • University Avenue Business Association • West Bank Business Association 16 Investing in small business success Green Line Small Businesses Today • More than 90% of businesses assisted have stayed in business. • Continue investments in district branding, façade improvement, and small biz TA • Parking challenges, rental rates increasing Aligning Resources for Transit Oriented Development • $32M Transit Oriented Development Grant Program • New TOD Office and Policy • Aligning regional plans with shared principles. • TOD Fund ($2MM/year) • TOD managers • CIB fund changes to support TOD • Pre-development coordination of public and non-profit funders ARE WE THERE YET?? ARE WE THERE YET? Off to a good start… – Opening Day: June 14, 2014, 6.5 million rides in 2014, nearing 2030 monthly ridership projections of 41K riders/day. – $2.8B in investment since engineering begin in 2009, representing 126 projects – Employment along the line projected to grow by more than 90,000 jobs by 2030 … ARE WE THERE YET? Thank you! www.corridorsofopportunity.org www.funderscollaborative.org Mary Kay Bailey Project Director [email protected] 651-325-4234