Post on 25-Dec-2015
Baltimore City DrillDown:Results, Lessons Learned, and Opportunities
Matthew KachuraProgram ManagerBNIA-JFIUniversity of BaltimoreNovember 12, 2008
Baltimore City DrillDown
• Background
• Process
• DrillDown Results
• Next Steps/Opportunities
Background
• Initial Need • Oldtown Grocer
• Problem• Traditional vs. Asset-Based Market
Analysis• Social Compact
Asset-Based Market Analysis
• Inner cities have investment potential• Traditional market profiles undervalue and cloud the
investment potential of inner cities.• Information gap as a key barrier to development
• There is a lack of reliable and specialized market intelligence about urban neighborhoods.
• Development begins with the neighborhood• City-level information obscures neighborhood
market characteristics.
Response to 3 themes in community economic development:
Traditional vs. Asset-Based Market Analysis
Traditional
• Poverty/Unemployment• Overcrowding• Aging housing stock/low
homeownership rates• High crime (media focus)
Asset-Based Analysis
• Higher market density• Concentrated spending power• Prime housing stock/alternate view
of homeownership• Accurate portrayal of crime
Social Compact
• Asset-based market analysis• DrillDown
• Cities• San Francisco, Oakland, Chicago,
Cleveland, New York, Washington DC, Baltimore, Miami, Houston
• Endorsements:• Federal Reserve• Urban Institute• ICSC• General Growth Properties
DrillDown Analysis
• Measures core market drivers• Size/Growth• Buying power• Stability/risk
• Methodology• Integrate diverse datasets to understand urban
communities• Households and population• Income and expenditures• Business and leakage• Crime
Baltimore City DrillDown - Process
• Initial need – expansion of scope• Partners• Funding• Data• Community input• Analysis• Validation• Release• Next Steps (NEW)
DrillDown - Process
• Initial need• Grocer• Expansion of scope
• Partners• City – BDC, Planning• State - Transportation• Foundations – Annie E. Casey, Enterprise, Citi• Other
• BNIA-JFI
DrillDown - Process
• Funding• Greater cost• Single year• Funders
• Data• Who• What • How
DrillDown – Process Datasets• Tax Assessor Records• Building Permits• Home Sales• Utility Hook-Ups and Usage• Utility Payment Methods• Mortgage Records• InfoUSA Records• Credit Bureau Records• USPS Delivery Points• IRS• HMDA• Crime incidents
DrillDown - Process
• Community Input• Who• How• What
• Analysis• Social Compact
• Methodology• Indicators
DrillDown – Process
• Validation• Partners
• City• Foundations• BNIA-JFI
• Community and other• Community/Neighborhood groups• Residents• Other
DrillDown – Process
• Release• Event• Media• Web• Other - Presentations
• NEXT STEPS
DrillDown – Results (Baltimore City)
• Population – 663,717• Households – 267,068• Average HH income - $51,800• Aggregate income - $13.8 billion• Income density - $265,000 per acre• Owner Occupancy – 53% (unit) & 68% (building)• Grocery demand - $217 million (633,000 sq ft.)• % HH lacking credit histories – 17%
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Study Area Neighborhoods
Baltimore City
Baltimore County0 1 20.5 Miles
1. Belair Edison2. E. Baltimore
Development Area3. Edmondson Village4. Govanstowne5. Highlandtown6. Oldtown7. Park Heights8. Pennsylvania Avenue9. Pigtown10.Reservoir Hill-North
Avenue11.Station North12.West Baltimore MARC13.West Baltimore Street
Baltimore DrillDown - Snapshots
DrillDown – Snapshot Results
• Population – CBP (+15%), Belair Edison (+2%)• Median HH income – Pigtown (+21%), CBP (+11%),
Oldtown (+3%)• Informal economy – Highlandtown (12%), Oldtown
(11%), CBP (11%), City (7%), EBDI (6%)• Owner occupancy (building) – Edmonson Village
(79%), EBDI (50%), CBP (43%)• New residential units – Oldtown (287), CBP (13),
Reservoir Hill (2)• Crime – Total (-46% to -12%) & Violent (-41% to -8%)
DrillDown – Snapshot Results
• % HH lacking credit histories – 39% to 5%• Average distance to bank – ½ mile
• Sq ft. of grocery space per person – 1.4 to 3.2• Average distance to grocer - .53 miles
Next Steps - Opportunities
• Uses• Current – market analysis
• Retail attraction• Grocery/Financial attraction
• Potential• Support community initiatives• Data for grants, annual reports, funding• Business development• Public policy (banking, health, TOD..)
Next Steps - Opportunities
• Completed• Data and methodology transfer• Website
• Mailing list• Request Snapshots• Static Maps• Info• Report
www.ubalt.edu/bnia/drilldown
Next Steps – Opportunities
• Completed• Processes
• University – Snapshot contracts• Costing (Snapshots)
• Based on hourly rates• New Snapshots
• Fells Point CDC• Main Streets• BDC Grocery Analysis• Downtown Business District• Charles Street Corridor
Next Steps – Opportunities
• In progress• Training
(Use of data & indicators)• Foundations/Non-profits/Community groups• Developers• Government• Other
• Presentations• Colleges and University classes• Business Groups• Foundations/Non-profits/Community groups• Other
Next Steps - Opportunities
• To be done• Updates
• Partners (funding/data)• Data (who, what)• Costing
• Methodology/Indicators• Market Analysis (Social Compact, other)• Other
• NNIP• BNIA-JFI
With generous support from Baltimore DrillDown Leadership and Funding Partners
Matthew KachuraBNIA-JFI
University of Baltimore
mkachura@ubalt.edu410-837-6651
http://www.ubalt.edu/bnia/www.Baltimore-DrillDown.org