Keynote - Reaching for the Future - Ongov.net
Transcript of Keynote - Reaching for the Future - Ongov.net
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Reaching for the Future:Cities Competing in the 21st Century
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Six Converging Forces• Globalization
• Environmental
• Technological Innovation
• Demographics
• Financing the Future
• Talent
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Need:
• Vision• Land Control• Public-Private-University Partnerships• Money• Institutional Capacity• Leadership
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Highline Park, New York City
Vision
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Land Control: DenverLink infrastructure and development
• In 2004, Fastrak Referendum • $2 Billion Bond Approval• 119 miles of light rail• 7 Counties & 32 Municipalities• 78 Stations
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Denver: Union Station Development
• $1.7 billion project, funded with public and private money• 3,500 residential units• Two grocery stores• 1.5 million square feet of office space
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Arizona State University, Downtown Phoenix Campus
Since 2006 bond :
• 12,000 students• 32 buildings• 2.7 million square
feet
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Jacobs School of Medicine and Biomedical Sciences, Downtown Buffalo
• $375 million investment
• 628,000-square-foot building
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Greenville, South Carolina
Before and After
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Greenville revitalization
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Pittsburgh
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Transforming Pittsburgh:Jobs and Vitality
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Pittsburgh MSA Population, 1960-2020
Source: US Census Bureau
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The South Side Works was a steel mill
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Now you can go to the movies, eat, shop…
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The mixed-use site masterplan has reconnected the neighborhood to the river
Development Cost: $650 MillionTIF Proceeds: $21 MillionOther Public: $128 MillionPrivate Investment: $301 Million
Public investment funded site remediation, roads, parking garages, bridges, trails, and parks.
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Downtown Pittsburgh
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The Cultural Trust
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Pittsburgh Rivers--Then
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Pittsburgh Rivers--Now
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North Shore--Then
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Three Rivers Stadium
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Heinz Field
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PNC Park
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David L. Lawrence Convention Center
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North Shore Development
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Development in East Liberty
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Affordable Housing in East Liberty
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From Vacant Nabisco Building to Google Offices
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Uber driverless car
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Makerspace
Carnegie Mellon University
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Ben Franklin Partnership• At 25, Ben Franklin Technology Partners is one of the nation’s longest-
running technology-based economic development programs.
• BFTP has provided both early-stage and established companies with funding, business and technical expertise and access to a network of innovative, expert resources.
• Goal: To accelerate technology development and commercialization in the state of Pennsylvania, and to create high-paying, sustainable jobs for Pennsylvanians.
• Serve as catalysts for economic growth.
• Launched with high hopes in 1983, BFTP has a 3.5-to-1 return on investment that the organization has yielded for every state dollar invested.
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• University of Pittsburgh:$881 million
• Carnegie Mellon University: $304 million
Pittsburgh University Research & Development Expenditures, 2018
Source: 2019 The Center for Measuring University Performance at the University of Massachusetts Amherstand the University of Florida
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Syracuse University Research & Development Expenditures, 2018
Source: 2019 The Center for Measuring University Performance at the University of Massachusetts Amherstand the University of Florida
Syracuse University: $147 million
Cornell University: $588 million
SUNY Upstate Medical University: $40 million
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Funding for Pittsburgh companies from venture capital firms ($ millions)
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R&D Spending by Country
Source: R&D 2018, Global R&D Funding Forecast.
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Source: PwC and CB Insights' Q1 2019 MoneyTree report
Venture Capital Funding Report Q1 2019
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The pieces of the puzzle
• Think Strategically• Dynamic Leadership• Strong Partnerships• Talent• Placemaking and Design
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Where Will the New Roads Lead…