Creating Corridors of Opportunity in MSP. Intro to the MSP experience Setting the Stage for Success: Vision & Tools Game Time: Surviving Construction.

Creating Corridors of Opportunity in MSP

• Intro to the MSP experience • Setting the Stage for Success: Vision & Tools• Game Time: Surviving Construction & Partner Alignment • Are we there yet?

Cross-Sector & Cross-JurisdictionalBusiness Interests

Non-Profits Foundations

State, Regional and Local Government

HUD Sustainable

Communities Regional Planning

Grant

Living Cities Integration

Initiative

CDFIs

Vision: Accelerate the build out of the region’s transit system and adjacent development that creates opportunities for all.

| Intro to MSP Experience |

Getting partners to think like a corridorTransit corridors are a precious asset & major investment

Each station like a charm on a bracelet but not every station can have everything

In MSP – every corridor has different strengths, challenges, players, and needs.

“Beyond the rail” opportunities in workforce, housing, economic dev. transcend station areas

| Intro to MSP Experience |

Zooming in on the Green Line

| Intro to MSP Experience |

Setting the Stage for Success: The Vision

The Principles

1 Reposition Saint Paul in the Region

2 Benefit and Strengthen the Diverse Communities

along the Corridor

3 Link and Foster Economic Activity

4 Improve People’s Mobility throughout their

Community

5 Improve the Image and Quality of Life along the

Corridor

6 Involve Collaboration from Design to Operation

Setting the Stage for Success: The Vision

LRT has the potential to result in many positive changes along the Corridor. Identifying the potential for positive change and ways to mange this change is the primary aim of the Development Strategy. Defining Areas of Change & Stability

Setting the Stage for Success: The Vision

Responding to Different Places – 7 Development Typologies

Low Rise Neighborhoods

Urban Villages

Marketplace Intensification Larger Front & Back SItes

Half-Depth Infill Sites Urban Infill BlocksFull-Depth Infill Sites

Setting the Stage for Success: The Vision

Setting the Stage for Success: The Tools• Station Area Plans• Zoning Code Amendments – flexibility w/mixed use,

increased density, no parking minimums, and design standards

• Central Corridor Design Center – Preliminary design review for new construction projects.

• Central Corridor Development Guidebook - Summarizes City policies/design guidelines for TOD and includes business “tips for success.”

• TOD Project Manager – professionals with private development experience providing city support to developers

Early market analysis (2007 – 2008)• Plan for what the market can support.• LRT will accentuate the market somewhat, and may tip the

scales to make a project feasible, but doesn’t create market demand by itself. Changing!

• Development faces near-term challenges (high land costs, cost of structured parking, low rents).

• Market strength/viability moves from west (strongest) to east (weakest)

• Residential most likely to be feasible first. TRUE!• Amenities and public improvements will be important to

attracting private investment. And here are examples…

Setting the Stage for Success: The Tools

Setting the Stage for Success: The Tools

streetscape improvements & station art

BEFORE

• Union Depot & Station• Reopened in December 2012 after massive renovation• Multimodal hub: Amtrak, intercity busses, LRT, city bus• Public art throughout• Community activities (free yoga on Saturdays, weekly

game night and music on Wednesdays) • One-on-One Bike Studio – storage, repairs, showers

Setting the Stage for Success: The Tools

Public infrastructure

Game Time: Surviving Construction

16

•Midway Chamber of Commerce

•Minneapolis Regional Chamber of Commerce

• Saint Paul Area Chamber of Commerce

• Southeast Business Association

• Stadium Village Commercial Association

• University Avenue Business Association

•West Bank Business Association

• African Development Center

• Asian Economic Development Association

•Metropolitan Consortium of Community Developers

• Neighborhood Development Center

• University Avenue Business Preparation Collaborative (U-7)

•City of St. Paul

•City of Minneapolis

•Metropolitan Council

Business Government Community

Investing in small business success during construction

Investing in small business success

Green Line Small Businesses Today

• More than 90% of businesses assisted have stayed in business.

• Continue investments in district branding, façade improvement, and small biz TA

• Parking challenges, rental rates increasing

• TOD Fund ($2MM/year)

Aligning Resources for Transit Oriented Development• $32M Transit Oriented Development Grant Program• New TOD Office and Policy• Aligning regional plans with shared principles.

• TOD managers• CIB fund changes to support TOD

• Pre-development coordination of public and non-profit funders

ARE WE THERE YET??

Off to a good start…– Opening Day: June 14, 2014,

6.5 million rides in 2014, nearing 2030 monthly ridership projections of 41K riders/day.

– $2.8B in investment since engineering begin in 2009, representing 126 projects

– Employment along the line projected to grow by more than 90,000 jobs by 2030

…

ARE WE THERE YET?

ARE WE THERE YET?

www.corridorsofopportunity.org

Thank you!

www.funderscollaborative.org

Mary Kay BaileyProject [email protected]