Quality Growth Toolbox Reinvesting
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Transcript of Quality Growth Toolbox Reinvesting
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QUALITY GROWTH TOOLBOX
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Reinvesting in Towns, City Centers, and Communities
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Benefits: Retains a sense of place and
historic Identity Sustains a sense of community Maximizes public facility and
infrastructure investments Supports the value of private
investment Contributes to the local
economy Reduces growth pressure to
outlying areas Creates convenience
Our Region’s Existing Communities have Tremendous Redevelopment Potential
Toolbox pg. 14
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Memphis, TN: Broad Street
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Memphis, TN: Broad Street
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Commissioned by Duncan Associates
Memphis, TN: Broad Street
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Define and Focus on Promising Areas
Create Good Redevelopment Plans
Make Investment Possible Use Incentives to Promote
Reinvestment Design Attractive Community
Centers Maximize Organizations and
Resources in Revitalizing Areas
Toolbox pg. 20
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Identify promising areas for reinvestment and define project boundaries.
Focus resources and efforts towards maximum success
Define and Focus on Promising Areas
Toolbox pg. 28
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Establish a redevelopment plan to address needs of promising areas Incorporate
unique community elements into traditional planning process
Create Good Redevelopment Plans
Toolbox pg. 28
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Utilize approval streamlining Make higher density possible Expand residential use and
type Encourage mixed use Adopt form based regulations Update codes to encourage
rehabilitation
Make Reinvestment Possible
Toolbox pg. 29
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Provide brownfield assessment and remediation
Encourage greyfield redevelopment
Implement tax increment financing districts
Consider Business Improvement Districts (BID)
Implement PILOT- Payment In Lieu Of Taxes
Use Incentives to Promote Reinvestments
Use community development block grants (CDBG)
Use state programs such as the Tennessee Courthouse Square Revitalization Program
Expand financial incentives for property owners
Provide financial support through government infrastructure improvements
Toolbox pg. 36
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Make streetscape improvements
Maximize public buildings and uses
Create multimodal and walkable areas
Use design guidelines Use conservation zoning Enhance natural features
Design Attractive Community Centers
Toolbox pg. 44
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Example: Bellevue Boulevard / McLemore Avenue
Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage
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Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage
Example: Bellevue Boulevard / McLemore Avenue
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Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage
Example: Bellevue Boulevard / McLemore Avenue
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Include stakeholders in the revitalization and redevelopment of communities City and County
Governments Main Street Boards Chamber Community
Development Councils Churches Neighborhood Associations Local Business Owners
Maximize Organizations and Resources in Revitalizing Areas
Toolbox pg. 48
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Former complex of depression-era buildings
Redeveloped into 250,000 square feet of retail shops, art gallery, antiques stores, restaurants, entertainment venues, and event space
Central Franklin Area Plan National Register of Historic Places Used Department of Interior Guidelines
for Rehabilitation and Restoration Historic Rehabilitation Tax Credits Other redevelopment incentives
Example: Successful Transformation of Abandoned Brown Field Site to Vibrant Activity Center