SPACE 134 - Business Mixer Presentation 06-2015

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SUMMER WELCOME to the MIXER SUMMER WELCOME !

Transcript of SPACE 134 - Business Mixer Presentation 06-2015

Page 1: SPACE 134 - Business Mixer Presentation 06-2015

SUMMER

WELCOME to the

MIXER

SUMMER

WELCOME !

Page 2: SPACE 134 - Business Mixer Presentation 06-2015

W W W. S PA C E 1 3 4 . O R G

TO VERDUGO

MOUNTAINS

TO LA RIVER

TO BURBANK

TO LOS ANGELES

TONORTHEAST

LOS ANGELES

TOPASADENA

NORTH

Downtown Park(≈5 ACRES)

Neighborhood Park(≈15 ACRES)

Village Center(≈10 ACRES)

The Glendale “Space 134” project is a concept study for a “freeway cap park” over the 134 Freeway from Central Avenue to Glendale Avenue. The freeway cap park would connect the community to the City’s civic, cultural, and business core through public open spaces, and through pedestrian & bike friendly trails.

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1. WHAT IS SPACE 134?

Page 3: SPACE 134 - Business Mixer Presentation 06-2015

W W W. S PA C E 1 3 4 . O R G

KLYDE WARREN PARKDallas, TX

HANCE PARK (Renovation)Phoenix, CA

WALTER P. REUTHER PARKSouthfield, MI

MILLENIUM PARKChicago, IL

WEST LOOP PARKChicago, IL

ROSE KENNEDY GREENWAYBoston, MA

DUPONT CIRCLE PARKWashington, D.C.

BQGREEN DECK PARKWilliamsburg, NY

PROPOSED CAP PARKS

BUILT CAP PARKS

KEY:

FREEWAY PARKSeattle, WA

AUBREY DAVIS PARKMercer Island, WA

SPACE 134Glendale, CA

HOLLYWOOD CENTRAL PARKHollywood, CA

Ventura, CAPARK 101

Los Angeles, CATONGVA FREEWAY CAP

Santa Monica, CA

CALIFORNIA

MEMORIAL PARKLa Canada Flintridge, CA

TERALTA PARKSan Diego, CA

101 FREEWAY CAP PARK

2. CAP PARKS AROUND THE NATION

Page 4: SPACE 134 - Business Mixer Presentation 06-2015

Activities/Sports for all ages

Multi-use trail systems

Open fields for various activities

Activate the park with a dog park

Support active transportation

Include iconic public art

Artistic playgrounds for children

Create spaces for self expression

Program art/cultural events

Furnishings that celebrate Space134

Build nature trails

Allow for natural features

Bring nature into the city

Provide opportunities for Environmental

stewardship

Use natural materials

Program activities unique to Glendale

Create spaces for local businesses

Capture views of Glendale

Program community events

Provide acentral gathering

space

HOW DO YOU THINK SHOULD BE DESIGNED?

WHAT DO YOU THINK THE AROUND

SPACE 134 NEEDS?

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WHAT FEATURES DO YOU WANT SPACE 134 TO HAVE?

W W W. S PA C E 1 3 4 . O R G

3. WHAT DOES THE COMMUNITY THINK?T

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BUILD ARTFUL SPACES

Photos from the May Community Event

EMBRACE NATURE

MAKE IT ACTIVE

CELEBRATE GLENDALE

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1-9W W W. S PA C E 1 3 4 . O R G

69%

65kGALLONS

Temp Reduction

Outdoor Activity

Stormwater Intercepted

W W W. S PA C E 1 3 4 . O R G

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Nationwide Avg.High LineMillenium

Klyde WarrenRose Kennedy

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InternationalDomesticRegional

High Line

Millenium Park

Klyde Warren

Re-stitching Downtown together and adding a highly-amentized park in place of the 134 Freeway will have a significant positive effect on nearby and adjacent property values.

New park space in Downtown Glendale will promote active lifestyles, improving public health; a freeway cap will reduce pollution and enhance air quality, reduce runoff, and encourage biodiversity.

Regular park programming, including major events, can attract new visitors to Glendale, increase how long they stay Downtown, and encourage repeat visits, supporting local businesses.

Space 134 would enhance Glendale’s brand, further enabling the City to compete regionally to attract new employees, residents and visitors to the City, and in particular Downtown.

HEALTH & ENVIRONMENT

PROPERTY VALUES

VISITATION & SPENDING

BRAND RECOGNITION

The High Line, New York City, New York

Klyde Warren Park, Dallas, Texas

The ‘Big Dig’ project and Rose Kennedy Greenway, Boston, MA

Park-Related Property Value Premiums*

Klyde Warren Park Estimated Impacts

Annual Park Visitation

Park Visitor Origins

Millennium Park, Chicago, Illinois

*Premiums on property adjacent to a high-quality park vs. similar properties.

4. BENEFITS OF SIGNATURE PARKS

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W W W. S PA C E 1 3 4 . O R G

$0$100k$200k$300k$400k$500k$600k$700k$800k

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Yerba

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Klyde

War

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Philanthropy Earned Income

Public

Public

Klyde Warren

Public

Millennium Rose Kennedy

13%

15%

72%7%

56%37%

23%

29%48%

$0

$50m

$100m

$150m

$200m

$250m

Private Public-Private Public

HanceMilleniumKlyde Warren

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$50m

$100m

$150m

$200m

$250m

$300m

$350m

Private Public-Private Public

Hance*MilleniumKlyde Warren$0

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$150m

$200m

$250m

$300m

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Private Public-Private Public

Hance*MilleniumKlyde Warren

Private/PhilanthropyPublic/Private

Public

Earned IncomePublic/PrivatePrivate/Philanthropy

25%

30%

30%

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35% Private/PhilanthropyPublic/Private

Public

Earned IncomePublic/PrivatePrivate/Philanthropy

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30%

30%

35%35%

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Highly-programmed, signature downtown parks require significant annual operating funding, ranging from $250,000-$750,000 per acre, and earned income rarely exceeds 20 percent of total expenses.

Adopting an effective governance strategy early on in the planning process will be essential to create a high-quality park and to support continued maintenance, operations and engaging programming.

In most cases, capital funding requires a mix of public and private funding, with deck infrastructure funded publicly, and the surface park and amenities drawing heavily from private sources.

The successful implementation of Space 134 will require governance, capital and operating resources, and it will be important for local government to leverage public-private partnerships.

CAPITAL FUNDING

OPERATIONAL FUNDING

EFFECTIVE GOVERNANCE

LAYERED RESOURCES

Klyde Warren Park, Dallas, Texas

Millennium Park, Chicago, Illinois

Annual Operating Costs, per Acre Illustrative Space 134 Capital Funding

Deck Park Operating Sources

*Includes HR&A estimates for 2014 Hance Park Master Plan redesign.

Illustrative Space 134 Operational Funding

Deck Infrastructure Costs and Funding

Park Construction Costs and Funding

5. IMPLEMENTING A CAP PARK