investment ready places - apa 2013 chicago
DESCRIPTION
Presentation by Atul Sharma, Joe Nickol, Scott Ford, and Radhika MohanTRANSCRIPT
• RADHIKA MOHAN Mayors’ Institute On City Design
• SCOTT FORD City of South Bend, IN
• JOE NICKOL Urban Design Associates
• ATUL SHARMA Torti Gallas And Partners
3
“I thought it would be good to get your advice on potential studio project
sites for the graduate urban designers for this coming fall semester.... It
would be great to engage in some of the more challenging issues facing
small working class towns such as some of the sites you have identified
on your investment ready website.....”
-John Griffin, University of Notre Dame
“I just discovered your blog/handbook about Investment Ready Places. My city is a suburban,
mid-sized town taking active steps toward becoming a full-service urban place. We are
investment ready! How do we get added to the IRC map?”
-Pete Sullivan, City Of Redmond, Planning Department
“Love the site. Looks like it covers a lot of ground
that is just as relevant in provincial New Zealand
as it is in the States.
I'm interested in using the IRP Checklist as a way
to canvass the views of local stakeholders and
also get some discussion on the IRP topic going
as it looks to me like a very neat way of
encapsulating what is a large topic.”
The Mayors’ Institute on City Design Radhika Mohan, AICP/ASLA/LEED GA | Senior Program Manager
APA 2013
TRENDS IN 25+ 1 Project Location
City Center
Neighborhood
Suburban
Greenfield
Brownfield
Waterfront
2 Project Impetus Economic
Environmental
Social/Demographic
Infrastructure
3 Project Format Development
Plan
Policy
4 Project Scale Building
Block
Corridor
District
City
Region
5 Project Goals Sustainability
Historic Preservation
Economic Development
Downtown Revitalization
Code Reform
Transit Oriented Development
Mobility
Urban Infill
6 Project Components Housing
Commercial
Industrial
Mixed Use
Institutional: Education
Institutional: Cultural
Institutional: Civic
Park/Plaza/Open Space
Transit: Parking
Transit: Bus/Rail
Transit: Auto-Oriented
Transit: Bike/Ped
MICD.org @MICDdotORG|facebook.com/MICDdotORG
arts.gov | archfoundation.org | usmayors.org
Context: A ‘Satellite City”
Facts:
- County Seat, St. Joseph County Indiana - 4th largest City in Indiana - 2010 population – 101,168 - MSA population ~ 250,000
History: - Settled in early 18th Century by Fur Traders - Established as City in 1865 - River played a key role in establishing Studebaker
and Oliver Plow
Results Achieved:
Real time sewer monitoring and
control has reduced wet weather
overflows by 23% and has virtually
eliminated dry weather overflows with
95% reduction.
Software: Beta City - CSO
The IRP Nurtured Traits
• Thrifty: Pragmatic use of what is available
• Innovative: Constant tinkering
• Adaptive: Flexible, nimble and quick
• Discovery-driven: Real-time market research
• Sticky: Open to new, often unexpected markets
New Rules for the New Frontier
1. Make no many small plans to realize extraordinary performance
2. Maximize interactions and multipliers
3. Design for both known and unknown possibilities
The Old World Development
Culture
1. Assemble large tracts of cleared land
2. Create a tight master plan
3. Bundle financing (public and private)
4. Build infrastructure (usually public) that
assumes growth to pay for itself
5. Develop parcels (either build-to-suit or
spec)
6. Hope it will all work out as projected
7. Exit strategy
The New World, Investment Ready
Development Culture
1. Focus on areas with high regeneration potential
2. Establish a high social capitalization environment
3. Connect potential end users with potential community entrepreneurs
4. Build the minimum viable product (MVP)
5. Incremental installation of infrastructure
6. Repeat
www.investmentreadyplaces.com
#InvestmentReadyPlaces
@sensiblestreets