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Larry Adams, Jr. AIA, PartnerLarry Adams, Jr. AIA, Partner
Donald Martin AICP, Director Donald Martin AICP, Director
Community Economic Growth Advisors Community Economic Growth Advisors
Aligning Public Investment Aligning Public Investment & Economic Strategies & Economic Strategies
with with Purpose-Driven DevelopmentPurpose-Driven Development
Some 120 Million more peopleSome 120 Million more people
are expected to flood intoare expected to flood into urban mega-regionsurban mega-regions
in the coming in the coming two decades.two decades.
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Average is over.Average is over.
We must bring something extra to the table.We must bring something extra to the table.
Need to create valuable Need to create valuable “cool places”…not projects.“cool places”…not projects.
Reducing public debt & generating income is essential.Reducing public debt & generating income is essential.
The New Economy Purpose driven….cultivate & grow
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Unsustainable Financial Structure Unsustainable Financial Structure
Commoditization of Real EstateCommoditization of Real Estate
Demographic SeparationDemographic Separation
Planning & Econ Dev DisconnectPlanning & Econ Dev Disconnect
Old EconomyOld Economy
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““OOur economyur economy is in the midst is in the midst of aof a fundamental transitionfundamental transition that wethat we must get in front ofmust get in front of or be left or be left behind.behind.””
April 2, 2013 Emerging Leaders ConferenceApril 2, 2013 Emerging Leaders Conference
EPIC MOMENTEPIC MOMENT
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Consumer IncomeConsumer Income == 1989 Levels 1989 Levels
JobsJobs = = Creative Class Workers Jobs DecreaseCreative Class Workers Jobs Decrease
Health & EducationHealth & Education = = Business Models Broken Business Models Broken
InfrastructureInfrastructure = = Congestion-Environment-CostCongestion-Environment-Cost
Ad Valorem Ad Valorem = = Debt vs. Taxes Debt vs. Taxes
Econ Dev Tipping Points Econ Dev Tipping Points
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2012 governing.com
Public Sector Investment ChallengesPublic Sector Investment Challenges
Utilities, et al. in financial crisisUtilities, et al. in financial crisis
$$
$$
Cities, Towns, Counties in financial crisisCities, Towns, Counties in financial crisis
Public DebtPublic Debt
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The Great Divide between The Great Divide between Planning & Investment Planning & Investment
• Old regulatory planning habits don’Old regulatory planning habits don’t workt work
• New economics needed for new demographicsNew economics needed for new demographics
• Too much code not integrated with economicsToo much code not integrated with economics
• Public-led Data vs. Developer-led Public-led Data vs. Developer-led
• Public sector must account for ROI Public sector must account for ROI
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Developing Developing hyper-local assets hyper-local assets using using
purpose-driven data purpose-driven data will yield the next will yield the next
decade’s decade’s economic progress.economic progress.
New Priorities for New Priorities for Economic DevelopmentEconomic Development
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HIGH LEVELHIGH LEVELASSESSMENTASSESSMENT
FINANCIAL FINANCIAL MODEL MODEL
BUILDBUILD
TODAYTODAY
GO-NO GOGO-NO GO
BUILDBUILD
Step 1 Step 2
Public-led Investment Based Planning Public-led Investment Based Planning A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector
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HIGH LEVELHIGH LEVELASSESSMENTASSESSMENT
FINANCIAL FINANCIAL MODEL MODEL
TODAYTODAY
GO-NO GOGO-NO GO GO-NO GOGO-NO GO
BUILDBUILD
Step 1 Step 2 Step 3 Step 4 Step 5
Public-led Investment Based Planning Public-led Investment Based Planning A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector
SOFTSOFTSOLICITATIONSOLICITATION
MASTER MASTER DEVELOPERDEVELOPERAGREEMENTAGREEMENT
BUILDBUILDPUBLICPUBLICSUPPORTSUPPORT
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Investment Based PlanningInvestment Based PlanningApplications & DriversApplications & Drivers
Individual CommunitiesIndividual Communities
Metropolitan AreasMetropolitan Areas
Entire RegionsEntire Regions
Millennials Millennials
Cool Places vs. ProjectsCool Places vs. Projects
Seamless Speed, ConnectivitySeamless Speed, Connectivity
Transit Oriented Development Transit Oriented Development
Distributed EducationDistributed Education
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Seamless Speed-Connectivity-MobilitySeamless Speed-Connectivity-Mobility+80 Million Millennials +80 Million Millennials (Gen X, Y, Z)(Gen X, Y, Z)
a live first, work second consumera live first, work second consumer
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Transit Oriented DevelopmentTransit Oriented Developmentbest connected places will winbest connected places will win
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Transit Oriented DevelopmentTransit Oriented Developmentbest connected places will winbest connected places will win
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Incredible Investment OpportunityIncredible Investment Opportunity
TTransit ransit OOriented riented EEducation ducation
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AEROTROPOLISAEROTROPOLIS
New Growth & ConnectivityNew Growth & Connectivitybetweenbetween
Cities & AirportsCities & Airports
“The cities that thrive in the 21st century will be those that put airports at their centre”…
US academic John Kasarda.
Denver, Miami, Orlando in New Airport Multi-modal
Transit Development
Incheon International Airport, South KoreaIncheon International Airport, South Korea New Songdo Aerotropolis, South KoreaNew Songdo Aerotropolis, South Korea
ACi ACi
Investment Based Planning ResultsInvestment Based Planning Results
Cities In-fill Development $ 115M (2012-2013)Cities In-fill Development $ 115M (2012-2013)
Regional Transit Systems $ 200M (2011-2013) Regional Transit Systems $ 200M (2011-2013)
AirportsAirports $ 1B (2012-2017) $ 1B (2012-2017)
Health & Education Health & Education $ 120M (2011-2013) $ 120M (2011-2013)
All involve some degree of P3 cooperation All involve some degree of P3 cooperation
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Public-led Investment Based PlanningPublic-led Investment Based Planning……the whole is greater than sum of the parts…the whole is greater than sum of the parts…
Hyper-localHyper-localAssetsAssets
New MarketNew MarketData/TrendsData/Trends
InputsInputs ProcessProcess YieldYield
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[email protected]@aciarch.com
407 . 740 . 8405407 . 740 . 8405
Investment Based Planning ApplicationsInvestment Based Planning ApplicationsNext ACi Webinar: 12-12-2013 Next ACi Webinar: 12-12-2013
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