Economic Development is inevitable. Where it occurs is not. We Know Why. SE Brownfields Conference Historic Preservation October 2014.

Economic Development is inevitable. Where it occurs is not. We Know Why.

SE Brownfields ConferenceHistoric Preservation

October 2014

West Palm Beach

RMA Experience

Delray BeachPompano Beach

Miami Beach

Lake Worth

Economic Development Bottom Line• Cash flow (customers) is the key to a project’s

self sufficiency and success.

• Only two things can improve a the Cash Flow of a business:– Increased Revenues; and/or– Reduced Expenses.

Economic Development Drivers

Preserve

Enhance

Expose

Invest

Capitalize

Economic Viability

• Historic Preservation

• Sensitivity to Design/Land Use

• Profitability - Industry Diversification

• Resort/Visitor Base

• South Beach

• North Beach

Preservation Tools

• Financial– Federal Tax Credits– State Tax Credits– Façade Improvement Programs– Alternative Method of Assessment– Property Tax Abatement

• Regulatory– Historic Preservation, Architectural Review Boards– Adaptive Reuse– Business Resolution Task Force

• Proprietary– Public Private Partnerships– Housing Affordability– Heritage Tourism– Main Street Programs

• Parking– Fee in Lieu of Providing Parking– Parking Enterprise Fund– Parking Requirements

Economic Development is inevitable. Where it occurs is not. We Know Why.

Kevin S. Crowder, [email protected]

305.281.2279