Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area.

Phase I Conceptual Economic Development Strategy

for the Marine Village Sub-Area

BROADWAY BUSINESS CORRIDOR BACKGROUNDPlanning Challenges

•Narrow corridor 2-miles long

•Limited east-west connectivity

•Vacant land

•Absentee property owners

•Funding

Solution

•Phased redevelopment

•Immediate implementation of each phase; while planning the next

• Immediate Actions• Mid and Long Term

Strategies

The Economic Development Strategy for each Sub-Area will:

Identify Primary Goals and Objectives for the Broadway Corridor;Define an Action Plan and Capital Improvement Plan for the Corridor; andIdentify the project/program costs for implementationCreate a timeline and financing plan.

BROADWAY BUSINESS IMPROVEMENT PLAN

Issue and Planning Areas to be Addressed by the Plan:

Primary Issues from September 6, 2012 Meeting

SecuritySetback requirements and zoningParking and feasibility of on-street parkingLoitering and Food bank/soup kitchenGambling Boat as a positive to draw more customers to BroadwayMore places for Boat Crews and Employees to go for goods and servicesAttraction of marine industryGeneral Clean-Up of the Corridor

BROADWAY BUSINESS IMPROVEMENT PLAN

BROADWAY BUSINESS CORRIDOR BACKGROUND

North of 39th Street•71% of the properties are occupied Commercial•16% of the properties are Vacant•12% of the properties are Civic Uses

•These properties are zoned BMUD Type II

South of 39th Street•55% of the properties are Residential•26% of the properties are Vacant•18% of the properties are Hotel/Motel

•These properties are zoned BMUD Type I

Broadway Businesses (2011 Survey)•83% of businesses surveyed had been in business for more than 10 years.•83% of businesses owned their own property.•75% of businesses draw their clientele from word of mouth.

BROADWAY BUSINESS CORRIDOR BACKGROUND

Phase I: Marine Village Node 36th to 50th Street

Phase II: Neighborhood Commercial/Marine 50th to 59th Street (54% Vacant Land)

Phase III: Mixed Use/Neighborhood Commercial 26th to 36th Street

BROADWAY BUSINESS CORRIDOR BACKGROUND

Phase I: Marine Village Node 36th to 50th Street

Phase II: Neighborhood Commercial/Marine 50th to 59th Street (54% Vacant Land)

Phase III: Mixed Use/Neighborhood Commercial 26th to 36th Street

BROADWAY PHASE I SURROUNDING CATALYTIC ACTIVITIES

Industrial Area

Northwood Village

Broadway Corridor

Port

of

Palm

B

each

Currie Corridor(Currie Park Boat Ramp)

Public Waterfront Recreation

Private Waterfront Recreation

Commercial Waterfront

Community Services

Proposed Multi- Family

LOCAL MARINE INDUSTRY AND COMMERCIAL ATTRACTORS

Industrial Area

Northwood Village

Broadway Corridor

Port

of

Palm

B

each

Currie Corridor(Currie Park Boat Ramp)

Public Waterfront Recreation

Private Waterfront Recreation

Commercial Waterfront

Community Services

Proposed Multi- Family

Within a ¼ Mile Radius

MARINE INDUSTRY ATTRACTORS: THE PORT

Broadway

• Less than 1 mile from Broadway Marine Node

• 94 operators and tenants

• 1,459 full time employees

• 37 acres of Foreign Trade Zone

• Celebration Cruises carries 300,000 passengers annually

• Suncruz Casino Cruise carries 150,000 passengers annually

BROADWAY CORRIDOR MARINE NODE

Marine Node is 36th to 50th Streets

•44th to 50th Streets targeted for Neighborhood Commercial

•44th to 36th Street targeted Marine related Services/Showroom

•The epicenter of the Marine Node will be at the intersection of 40th Street and Broadway

BROADWAY CONNECTIVITY AND MAJOR EMPLOYERS

MARINE NODE INTERNAL CONNECTIVITY AND CIRCULATION

MARINE NODE PROGRAM FOCUS AREAS

Business Attraction Beautification Circulation/Traffic Land Development

Regulations Area Demographics Real Estate

Redevelopment Infrastructure Security Funding

Schedule1st Meeting held September 6, 2012 with Business2nd Meeting September 13, 2012 Community

Next StepsData and AnalysisGoals, Strategies and TacticsDraft presentation/workshopFinancial FeasibilityCapital and Financing PlanFinal Draft –Sub Area I

BROADWAY BUSINESS IMPROVEMENT PLAN