Transcript Slide 1

Lincoln, Illinois Downtown Redevelopment Plan
STEERING COMMITTEE #1
Agenda
• Visioning for Downtown Lincoln
• SWOT Review
• Understanding Appropriate Markets
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Downtown Lincoln Redevelopment Plan
1. VISIONING
Visioning
• Why revitalize downtown?
• What do you hope to accomplish?
• What should downtown look like in 5,10,20 years?
• Important to be specific with small city downtowns –
many roles and directions to take
Vision Statement – Mt. Vernon, IL
By 2010 Downtown Mt. Vernon shall
be a vibrant, prosperous and popular
business and residential community
filled with apartments,
condominiums, restaurants,
businesses and entertainment
facilities such that Downtown Mt.
Vernon is known throughout the
region as the best downtown in
Southern Illinois (2008)
Vision Statement – Houlton, ME
"Houlton’s downtown is the heart of the
community. We envision the downtown as a
vibrant place for entertainment, shopping,
dining, and community events. We envision
it as a great place to live and do business, to
meet people, to walk around, to see art and
local history, to hear music and concerts, to
enjoy holidays, festivals, and events. The
downtown shall be a unique place that
draws people to it"
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Vision Statement – Mannheim, PA
Manheim is a …
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Local Retail and Service Community – by maintaining and enhancing its residential services, Manheim’s Market Square will
become the quintessential “small town” business district. By promoting Market Square as a welcoming and pedestrian-friendly
business district, it will be the place to be, to be seen, and to be with others.
Historic Community – by recreating a nostalgic business district that preserves and cherishes its historic architecture and
local heritage. Manheim imparts its own community character into its seasonal and historical festivals and events, by featuring
its local history of glass blowing and its strong connection to the railroad.
Regional Specialty Shopping Destination – by capitalizing on its central location connecting surrounding communities –
Lititz, Mount Joy, Lebanon, East Petersburg and Elizabethtown, Manheim will direct its efforts to become a vibrant and inviting
regional specialty shopping and restaurant destination. A visit to Manheim’s business district will be a memorable experience for
both residents and visitors.
This vision for the revitalization of the Manheim business district will be the catalyst for a dynamic and growing partnership among
members of the community, business owners and various local and regional organizations to assure the attainment and
sustainability of this vision.
Manheim…Many of us call it home. To visitors, it feels like home
Vision Statement – Lock Haven, PA
Downtown Lock Haven will offer a friendly environment for simple, yet fulfilling living with affordable housing, a broadening
institution of higher learning, strong and growing public and private schools, trusted heath care institutions, safe streets and
easy commutes to larger metropolitan areas to the east and west.
Downtown Lock Haven is a Haven for:
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Lock Haven University. As home to Lock Haven University, the fastest growing university in Pennsylvania’s system of
higher education, downtown Lock Haven will be a home away from home for university students, staff, alumni and their
families and friends
Outdoor recreation enthusiasts. Downtown Lock Haven will be the ideal location as a gateway to year-round outdoor
and recreational opportunities offered by Central Pennsylvania’s vast forestlands – starting with Sproul and Tiagadhton
State Forests, the scenic and wild West Branch of the Susquehanna River and its main tributaries, Bald Eagle, Fishing and
Pine Creeks.
Artists and Art Enthusiasts. With its rich historic architecture and river heritage, Downtown Lock Haven will provide a
retreat for artists and art enthusiasts, offering opportunities for creative discussion and expression.
And families. Offering a wide array of retail, service and dining establishments and a full calendar of activities, Downtown
Lock Haven provides a safe inviting environment for families to live, work, shop and play.
A unified and focused effort of downtown businesses, local government, education and residents of the community ensures the
success of this vision for Downtown Lock Haven.
Visioning Exercise
Why Revitalize Downtown Lincoln?
 Business development
 More/better retail and dining opportunities
 Increase the local tax base
 Create jobs
 Fight sprawl
 Stimulate the arts / entertainment
 Reflect the history of the community
 Promote civic pride
 Increase community involvement
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Downtown Lincoln Redevelopment Plan
2. SWOT
SWOT - Strengths
• Downtown/City situated within sizeable region (966,617 people within 50 mile
radius)
• Low ground floor vacancy
• Core of regionally appealing shops: (Three Roses Floral, Guzzardo’s, Beans and
Such, Abe’s Caramel Corn Shoppe)
• Strong historic architectural fabric (Courthouse and other buildings)
• Lincoln Theatre
• Scully / Latham Park
• Concentration of civic and private destinations and services
• Rail Service
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• __________________________
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SWOT - Weaknesses
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Depth of the local market for retail
Gateways / Wayfinding to Downtown
Inconsistent brand
Organizational Capacity
Underutilized parks
Sidewalk infrastructure
Non-conforming land uses
No large employers
Size of downtown (# of retail spaces)
Depth of markets for upper story spaces
__________________________
__________________________
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SWOT - Opportunities
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Tourism – Route 66/Lincoln Heritage Corridor
Concentration of Thrift Stores
High speed rail
TIF District
Revitalization plan – funding for infrastructure improvements
__________________________
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SWOT - Threats
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Organizational capacity within government and not-for-profits
Structural and architectural damage to buildings
Lack of adequate Façade restoration
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__________________________
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Summary – Issues & Opportunities
ISSUES
OPPORTUNITIES
• Local market – support for
new/improved retail/dining offerings
• Organizational capacity
• Recognition within the region
• Size of Downtown
• Appeal of investment / starting
business to non-locals
• Visitors / Tourism
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– Events
– Anchor Businesses
– Lincoln / Route 66
• “Niche” retailing
• Infrastructure / Aesthetic
Improvements
• Marketing
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Downtown Lincoln Redevelopment Plan
3. UNDERSTANDING MARKETS
Merging
Markets
Community
Residents
Students
Downtown
Neighborhoods
Events
Hospitality
Visitors
Downtown
Housing
Residents
Public
Business
Mix
Employees
Tourism
Private
Gathering
Places
Investment
Dynamic Downtown Environment
Regulatory
Framework
Merging
Markets
Community
Residents
Students
Downtown
Neighborhoods
Events
Tourism/
Hospitality
Visitors
Downtown
Housing
Residents
Public
Business
Mix
Employees
Regional
Visitors
Private
Gathering
Places
Investment
Dynamic Downtown Environment
Regulatory
Framework
Demographics
Lincoln, IL
30 Minute Drive
State of Illinois
-4.2%
2.7%
3.3%
Median Household Income
$38,754
$51,518
$53,391
Per Capita Income
$21,755
$25,121
$27,793
% College Graduates
18.6%
20.8%
30.2%
Professional Employment
18.0%
19.5%
22.5%
Consumer Spending (SPI)
81
90
104
% Change Ages 20-29
-9%
3%
5%
Population Growth
(2000 – 2010)
Local Demand
Lincoln
15
Minutes
20
Minutes
Demand
$95M
$123M
$166M
Supply
$80M
$105M
$121M
Gap
+15M
+$10M
+$17M
Local Demand
Demand
Lincoln
Capture
Downtown
Capture
Low
High
Furniture
$1.7M
80%
50%
2,250
3,400
Electronics
$1.9M
80%
50%
2,500
3,800
Building
Materials /
Lawn& Garden
$5.4M
80%
30%
4,300
6,500
Clothing
$0.9M
90%
30%
800
1,200
Sporting Goods
$0.5M
90%
30%
450
675
Dining
$3.7M
75%
75%
7,000
10,400
Office Supplies
$0.4M
80%
30%
320
480
Health &
Personal Care
$2.7M
70%
30%
1,900
2,800
19,500
29,200
Comparison Cities
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
61%
68%
$25,000,000
52%
$20,000,000
$15,000,000
51%
52%
55%
49%
$10,000,000
$5,000,000
$-
Warsaw, IN
Galena, IL
Natchitoches,
LA
Local
8/27/2012
Rome, GA
Office
Paducah, PA Winchester, VA Culpeper, VA
Visitors
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Comparison Cities
$44,236,638
$40,625,127
$30,511,332
$23,898,610
$21,047,485
$19,902,134
$16,185,107
8/27/2012
$14,819,662
$13,502,878
$13,460,784
$9,887,747
$6,355,432
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Next Steps
• Workshops
• Goal Setting
• Redevelopment/Revitalization Strategies
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