 |
|
|
|
|
|
|
|
|
|
 |
 |
 |
 |
 |
 |
 |
|
||
 |
 |
 |
|
||||||
|
ED
Programs
|
Short-Term Outcomes |
Long-Term
Outcomes
|
Elements
for Success
|
| MARKET RATE HOUSING (see WHAT WORKS) | |||
| New construction | Increase supply of market-rate housing. | Attract middle and high-income households. Improve housing stock. Increase tax base. Improve neighborhood image. | In older neighborhoods, a whole development, or several new houses are needed. |
| Rehab/Adaptive reuse | Eliminate blight. Increase high- quality housing stock. | Attract middle-income households. Improve housing stock. Increase tax base. Improve neighborhood image. | Housing redevelopment should be in line with neighborhood character. |
| BUSINESS SITE LOCATIONS (see WHAT WORKS) | |||
| New Construction (industrial, commercial, research parks) | Create opportunities for companies to move into the area. Attract light industry or high-tech companies. Promote interaction between industry and universities. | Attract new companies from outside the region. Retain companies that would have otherwise moved. Increase number of jobs and the area's economic base. | Providing infrastructure required for type of companies being recruited. Proximity to university. |
| Conversion/Adaptive Reuse | Revive old structures and reuse historic buildings. | Turn vacant properties into productive uses. Retain the neighborhood's historic appearance. Create new economic opportunities in older areas. Increase neighborhood's wealth. | Redevelopment of old properties is one element in a neighborhood's revitalization. Works when conversions and rehabs meet the needs of local industry mix |
| Brownfield Redevelopment | Reuse of abandoned or under utilized industrial sites. Eliminate "eyesores." | Turn contaminated sites into economically productive sites. Increase number of jobs. Create incentives for further development. Improve neighborhood's image. | Brownfield cleanup works only as part of a comprehensive development plan for the site. |
| Land Assembly | Assemble and prepare land for redevelopment when financial risk deters private sector investment. | Build foundation for private investment. Enable development of new industrial or commercial facilities. | Intervention of a public or non-profit organization with financing authority is required. |
| PHYSICAL AMENITIES (see WHAT WORKS) | |||
| Natural
Resources Arts and Culture Sports and Recreation |
Attract local, regional, national, and international visitors. | Serve as a catalyst for additional development. If located downtown, catalyst for downtown revitalization and restore downtown image as a regional center. | Private-public-nonprofit partnerships.Significant funding for renovations. Persistence and long-term planning. A specific project is part of a recreation and tourism strategy. |
