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Chesapeake Economic Development Authority
EDAC Meeting Presentation – March 13, 2015
Presenting:
Robert L. Riddle, CCIM, EDA Chairman
President, Riddle Associates, Inc.
Clyde T. Clark, Jr., EDA Vice-Chairman
Senior Vice-President, Corporate Banking, BB&T
The EDA• The Authority is a public body consisting of 9 voting members whose purpose it is to acquire,
own, lease and dispose of properties to the end that they may be able to promote industry and develop trade by inducing manufacturing, industrial governmental and commercial enterprises to locate in or remain in this City.
• Members:• Robb Riddle – Chair • Clyde Clark – Vice-Chair • J.T. Fisher - Treasurer• John Maddux – Secretary• Dan Bell - Assistant Secretary • Russ Hanson• Teresa Peters• Patrick Reynolds• Stephen Telfeyan
• Executive Secretary: • Steven Wright, Director of Economic Development
• Meets 3rd Thursday of the month at 3:00 p.m. in office of Economic Development; open meetings, open to the public.
EDA/Council Work Session Outline - January 13, 2015• Industrial Parks Order of Priority (OOP) – 1
• South Norfolk OOP - 1
• Western Branch OOP – 1
• Williams Farm OOP – 1
• Economic Development Strategic Plan OOP – 1
• New Dominion Bridge OOP – 2
• Greenbrier OOP – 3
• Indian River OOP - 3
• Bowers Hill OOP - 4
• South Great Bridge/Great Bridge Village OOP – 4
• Hickory/Edinburgh OOP – 5
• Western South Military Highway OOP – 5
Note: The Order of Priority number (OOP) is a relative order of attention the EDA would suggest, 1 being the highest and 5 being the lowest order of importance.
Industrial Parks (Riddle)
• Need to identify future sites and acquisition
budget for future needs throughout the city.
• We need another Cavalier Industrial Park now.
100% sold out
Industrial Parks• Existing EDA Developed Parks
CavalierSEVTC
Oceaneering
Oakbrooke
South Norfolk (Riddle)• Address Housing Concerns
• Mixed Use Housing projects to attract youth citizens
• Must be safe, police patrols on bikes, higher visibility
• Consistently enforce codes in SoNo
• EDA should work with CRHA like Norfolk has done at East Beach
• Acquire Strategic Properties
• Along Poindexter Street beginning at Gateway then move NE
• Acquire blocks of property to enable redevelopment
• Any development tax credits available?
• Invest in infrastructure and other incentives for strategic return (encourages
development)
• Recommend the relocation Comm. Of Rev./Treasurer/Police near
Gateway, possibly the former Library facility
• Fund 22nd Street Bridge
• TIF Bonds (not cash/tiff funding)
South Norfolk
• Infrastructure Improvements
Proposed 22nd
Street Bridge relocation.
South Norfolk
• Strategic Property Acquisitions
Former Bank of America Building
Former Courthouse Building
South Norfolk• Residential and
Commercial Redevelopment
Reunion Townhomes by Ryan Homes
South Norfolk
• Working Industrial Waterfront
Western Branch (Clark)• Communicate by letter with Major Property Owners
• Ches. Sq. Mall, Eliz. Harbor Dr., Large parcels west of I64
• Seek opportunities for Development and Redevelopment
• Identify site for high speed rail station in Western Branch/Bowers
Hill area
• Need more retail/restaurants
• Seek opportunities to promote development of Commerce Parks
• Support Port Related business growth
• Need daytime population (new jobs in WB)
• Need more “Roof Top” (new residential development)
• With daytime population and roof tops-new restaurants/retail
will happen
• Without roof tops and daytime population, retail will continue
to decline
Portsmouth Boulevard East of I-664 to Taylor Road
King’s Pointe at Western Branch I-664• Established retail/service
corridor anchored by Chesapeake Square Mall (Washington Prime -www.wpglimcher.com)
• King’s Pointe at Western Branch
• Adjacent to 78 acres for future development - for additional information go to: http://www.cbre.us/o/norfolk/properties/elizabeth-harbor-drive/Pages/overview.aspx
Portsmouth Boulevard West of I-664 to City Lineof I-664
• Fully funded road widening from 2-lane to 4-lane
• Currently in Right Of Way acquisition phase
• Estimated completion date: November 2017
• Increased Access for New Development
Joliff Landing
Boyd Tract
Portsmouth Boulevard Improvement Project
Williams Tract (Clark)
• Qualifies as the only Certified
Site/Certified Mega Site for Economic
Development in the City of Chesapeake
and the surrounding cities, with the state
economic development encouragement
and support.
Williams Tract (Clark)
• A PUD needs to be put
in place. Identify uses
and strategy for delivery
of infrastructure.
Economic Strategic Plan (Clark)• Should not be done by EDA or Consultant alone
• Plan should mesh the EDAs knowledge about Ches. and expertise in varying fields with the expertise of a consultant with a global frame of reference and knowledge of trends influencing economic development.
• We know Ches. and what we have to offer…we need to understand how we are perceived by site selection consultants, corporate real estate executives and business owners nationally/internationally.
• Plan should focus on Chesapeake’s ability to compete by getting honest objective feedback on how we can compete in the global marketplace. The competitive analysis of target Industries, Real Estate, Workforce...
• Identify metrics measuring success that is easily understood/maintained
New Dominion Bridge (Clark)• Dominion Blvd. Corridor
• Need to plan for the future growth plans south of the bridge now that the bridge is open.
• Historic Traffic Count: 30,000 vehicles per day (2007)
• Projected Future Traffic Counts: 62,932 vehicles per day (2030)
Greenbrier (Riddle)• Support Dollar Tree Development
• What is the future of Greenbrier Mall
• Pedestrian walk over, or better cross walk for pedestrians
• Address restrictive sign ordinance
• Develop a “Way-finding”/Directional Signage solution
• Take advantage of South Greenbrier Redevelopment Opportunity (City Garage)
• Use technology and develop attractions/places to attract youth and families
• Technology - Apps, Four Square, etc…) to market retail, restaurants, recreation
• Enhance City Park to attract youth and families (like Adventure Park at Virginia Beach Marine Science Museum). Need better/more effective advertising of City Park events.
Dollar Tree Mixed Use Site
Indian River (Riddle)
• Aged run down major shopping Center because of substandard waterissues; pressure and water quality. They have had major retailopportunities which have passed because of water issues.
• Solve private water ownership issue at Indian River Shopping Centerand adjoining neighborhood. “Expensive Issue”
Indian River Shopping Center
Bowers Hill (Clark)
• Identify High Speed Rail Stop as Suffolk has done
• This area is where rail, airport and convergence of Interstates and Highways present a transportation node development opportunity. Possible future office/industrial demands
• What are the future plans for the Executive Airport?
Bowers Hill
Bowers Hill (Clark)
Potential High Speed Rail Station Location
South Great Bridge/Great Bridge Village (Clark)
• Need to revisit Great Bridge Village Plan
• Mixed use development along waterfront to attract youth, families and tourism
Great Bridge Village
Hickory/Edinburgh (Riddle)• Is there a need and opportunity for EDA to develop an industrial park near
Edinburgh
• Approximately 100 acres zoned for commercial development
•Retail development featuring Target, Walmart, Home Depot and a wide variety of specialty stores, and restaurants
•Some office/services uses possible
Western South Military Highway (Riddle)
• Majority small parcel owners, difficult to assemble
• Some small industrial parks are currently underway