Loading...
HomeMy WebLinkAboutO. 2015 Budget Hearing Session 10: Redevelopment Presentation 10-8-14q -" O4$oUTU111% 1865 PRESENTATION OUTLINE • Council Priorities • Mission • 2014 Accomplishments • Proposed Realignment • Historic Expenditures • Revenue Projections • TI F Areas — 2015 Activities • Importance of Economic Development r 45oUTHB O U sacs C 1865 12 10 0 n. 4 2 0 � SpUTR eE� 4 O u COUNCIL PRIORITIES P� a 1865 Common Council Tally of Priorities Economic Development Public Safety Curbs Parks & Vacant Sidewalks & r I Corridor Housing Quality of F-1 Code Life Streets DCI - MISSION To spur investment in a stronger South Bend. We do this by: - Attracting &retaining growing businesses - Connecting residents to economic opportunities - Planning for vibrant neighborhoods 45oUTHB O U sacs C 1865 rqll— "-I � - 2014 ACCOMPLISHMENTS �,OUTIJ 14 4 O u PEACE � a 1865 1. Attracting & Retaining ECONOMIC SCORECARD These are some of the recent job announcements growing businesses , ti_t i'A,1, �_ Elkhart RV supplier announced in - 19 major economic development projects • �1— April it will lease warehouse at +±��, Olive and Sample streets in South Bend. About 180 wili work there - $173 million in private investment t 1 by end of this year with another - Leverage of $7 private for every $1 public 200 to be added by 2024. - 3 major announcements at SBN Intl South Bend company makes - New assessed value to our community of steel towers, announced plan earlier this month to build new approximately $146 million " plant on southwest side and employ up to 639 peoole here. New tax revenues of $5 million per year �� = phased in over next 6 -8 years 45oUTHB O U sacs C 2014 ACCOMPLISHMENTS. .a 1865 2. Connecting Residents to Economic Opportunities - 372 jobs projected to come online this year from DCI assisted projects - 1287 announced jobs from new projects assisted by DO - 17 S.B. SMART graduates - 19/22 employed r 1 Unemployment Rate: City of South Bend Jan 13- Present Source: Indiana Bureau of Workforce Development/ www.hoosierdata.in.gov h16 -1 W-1 kL SMART students in the classroom 2014 ACCOMPLISHMENTS 3. Planning for Vibrant Neighborhoods: - Ignition Park Development - Urban Residential Development - Vacant &Abandoned Housing Initiative - Smart Streets Implementation - Corridors Plan: 2014 West Side Mainstreets Revitalization Plan 45oUTHB O U sacs C 1865 IGNITION PARK Multi- Tenant Campus W7 Ii 45oUTHB O U sacs C 1865 r r r r r r WEST SIDE MAINSTREETS °d:�•� REVITALIZATION PLAN 1865 West �}$ deNeighborhood Plan i Sheridan Node - I, `- F � d{ j IIJI '�+v � ��.y.. � r � & '� I nipUywN../ I])I+tr +crutr- mnl m Inreu«,N„rn NI /IIUINrxeellrbeHrgAxtlanr r, . fovr+�ua.ru�e nr «o I DUSfwM. In r., II(Yeli�' IN DJYfR1J3L � � � III .1, I LA SAIle I I NfW r AGtYQ 1 111 t Bendix Node �� T Olive Node Wilber Node O 1 I � � J�1L >~ Kerr>Enf nu.y�Y � X00 I � I , -.I ii -- f4FF r 1 a MLK Node - -I F-11-ville Place i I Cultural District I 'Boundaries Illustrated are Preliminary /approximate antl are Subje<I ro Chanye r=v� Near West Arts and v xM1OL Design District 3une 33, 2010 WEST SIDE MAINSTREETS REVITALIZATION PLAN �� �, line ��'... •. � �� bb, u hery� _ avw. oQn[s rj Lintlen ....... .................. ...... ..............................� V LEGEND T O SINGLE FAMILY HOUSING / © MULTIFAMILY HOUSING �. -- - © COMMERCIAL DEVELOPMENT _L Na O INSTITUTIONALAMENITIES © NEW GREEN SPACE O NEW LIGHTING y O BUS SHELTER NEIGHBORHOOD GATEWAYS Mann Ma.w^ �a.nd 3` r° CITY C. —t.ay LaSalle ` COMMUNITY & ECONOMIC DEVELOPMENT CITY OF SOUTH BEND 45oUTH8 0 1865 BmGES OUT OF � Illll���ii � . � � - - • � POVE RT South Bend � Heritage Bank em �,w,�rtrxrs dab, Gic divs�f • WEST SIDE MAINSTREETS REVITALIZATION PLAN 4ii Lincolnway West Pilot Projects 45oUTHB O 1865 Western Avenue Pilot Projects Advisory Committee Feedback X =7 Torti Gallas Completes Plan Plan Complete Governance & Funding TIF Area Reorganization Plan Adoption (APC, Redev Comm, Council) Development of Zoning Revisions Actions/ rojects" Lincolnway Travel Lanes Reconfiguration / Trees Seek properties through County Commissioners (Certificate Sale) Award of Housing Tax Credits: South Bend Mutual Homes Western Avenue Better Block Project X X X !�0 X X W7-x X X X X X X X X X X X X X X X Survey Design Design Bid 1� X 1� I :1ARMARI It Corridor Activities w/ TIF Expansion Reconfiguration of Western Avenue travel lanes, with addition of on- street parking, street trees, etc. ($1.4M) Curb, sidewalk and lighting improvements along LWW and Western Infrastructure improvements to intersections of Western & Olive, LWW & MILK Infrastructure support (streets, curbs, sidewalks, water /sewer connections) for housing revitalization activities in neighborhoods Bus shelters Creation of West Side Greenway multipurpose trail Business assistance programs /partnerships Facade matching grants Support for industrial expansion along Norfolk Southern tracks, Sample Street, Airport entrance Arts & Design District along Western Property acquisition for potential housing redevelopment projects, commercial development, City Cemetery northern expansion, expansion of LaSalle Park, public spaces, and urban agriculture Ambassador Program ambifi TIF REALIGNMENT GOALS • Fiscal Stewardship • Economic Development — Creation of 2200 jobs over 5 years — $475 million of private investment over 5 years • Neighborhood Revitalization — West Side Main Streets "corridors" Plan — Smart Streets — Parks — Curb & Sidewalk — Light -Up South Bend 45oUTHB O U sacs C 1865 PROPOSED CHANGES - 665.7 net new acres added to TIF districts O� SpUTIJ eE� � O u d PEACE � a - 405 acres (61 %) : Westside Corridors - 142 acres (21 %): East Bank, Farmer's Market to IUSB - 118 acres (18 %): Sample Street Industrial Zone - Release the $19M AV from CMDA - Reduce tax rate from $6.0211 to $5.9823 ($0.0388) - $80,190 increase local taxing units rate controlled rev. - $311,685 in circuit breaker relief - River West and River East Development Areas r 1865 _.I Aen.v,raAna, awn• Ems^" "�� eleven reran sabure aearkeN� g g _. -_ Molewe^a o v«aaww° wemw, s S 8 - - a'- -' ---�' --- I ma ate• ae,n�. rti a li4oaea w,Naern '� a— � .� aFFredn � Fo. DenO°'nwax as •�::�::I 8 W $ r � k3 � i fi And e •� Fauala ! d g � 3 $ � • .lc� c.�mel. � � Wan. � i �"' S -. �°`°"'° i `N°"a:l�:i !"•�i � akti,e � uu�ra c.tlnFJa ` `'*wa £'„ a € tl k P A i � � e tre r° ,• .W nw.„ Ft . o.w � _..•$. -.� �� � � � F,� ! � p � Y..�; �ylit.p � ._.; f ccFF' 1 � � t A� Amtr I, ii � • �" E � cYa... aaeaN • IJM'Nnll I _ ! y.1P ON tlF1rFrA FJNkni•1N'Jy /trl -0Yil9h.it p E CbnienU s1 wW 9 €¢itrd yyyEPPPatram b - ( L ,fie pwlapewaY g�etl FobYSumrw. 9b�. Top Nex y a O adsk Bob'a }� � FbnUe i SwmroY wma •a aoe`ene `, $ 9c" blid, I K� 6 �ei �, teavoG ua✓oo �\ — S� a � au91s Po��p �• kk E N^ yea` �„ r7F 4 _ � M °a4 tear e� �• IIa„ 9 � P], p Noon _ WlF.FgNBa W .�- Rnt Faepn AepPa _ 3 --n Nwan ��- - ""° ac— pe Tai Fn� coma. � � � _— �- ' �, `�" � � � p � u�•�' � � �!� EcjM E(lmenPm Mrypp L 'eah _ �NMneasl Nel�WVMaO Oev AFea � fey ^ pp �� g_ � g ® E SankM —NNDA Cj JF paYmn V Yre^oC = nwoW Ed.Ma A tltln ND Ve,NoaftMA IONA ` r_LdPLNia O qSnawak iYY aa°^ - AYpwt Eton Dev Area g ke $ �� i I xaMrr S os Nuseum wmpNS COnraclan d 3' i - VAlasatlakeBladcammC action ® --A rMUdbn 8 & WpNy 5<JrAepn MaFJ 9aMo ® Metliral Svs DLStAtld. WO DA ®Central BUSlness Detrkl AEOnbAEDA Jxknn ��JeU�• ^G�/ 1 pyrawh �� � �_�F_� — UewcryaaaaNrs( ben toAEDA FFfn Cape 6 r = Sample lntlusNal AUtln1OAEDA Jomnn _ ,k,M« LL1pk�lybwo 2 aeW _ Wrn W S a`ylE- :A "tO6AEm DA 11 � N 6 ib een,nue S FN�k/ E _ Wear WaYUrglon Crugn DevArea ¢ �F8 VAN��en Y, �; I 2 $� I� _ BpiAA SIOe Dev Area luc�b dd _SWA SIOe COnI WCenter AOnt —DA '� E, n trtr`d F °„�, ^may ae5 p �repared by City of South Bend Departmgnt AMkopun. iky Investmentaaee�ugusj 6, 2014 if O� SOUTH eFti I. U Z d PEACE � a 1865 TIF EXPENDITURES: Type Total TIF Expenditures by Category 2004 - 2014 • Remediation 2% 4%1% • Infrastructure 40 22% Development • Public Facilities 60% Parks Property Mgmt & Fees Total TIF Expenditures by Category 2015 - 2016 Remediation 1%3% 4% ■ Infrastructure 24% Development 9 01 ■ Public Facilities Parks Property Mgmt & Fees SpUTJJ eE� 4� O PEACE � a 1865 0 TIF EXPENDITURES Geography 45oUTHB O 1865 $30,000,000 $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 2012 AEDA / River West r i TIF REVENUES 2013 TIF REVENUES 2014 2015 O� SpUTJJ eE� � O d PEACH 1865 2016 SBCDA NNDA / River East SSDA SSDA #3 DREDA WWCDA RIVER WEST DEVELOPMENT AREA 17-1 FL I = L 113 T'-! T lin EGEND Blld Clty Ulit OCTOBER 201- Zs E— Der A- -t— t, AEDA EBCDAAdd.tl—AEDA DEPARTMENTOFCOMMUNITYINVEST EN WeSI W—llg- ChaoA Der Area .-I CITY OF SOUTH BEN( SOUTIJ PEACE 1865 � SpUTR 4 O Q RIVER WEST DEVELOPMENT AREA P� a 1865 Key Activities: 0 -300 announced new jobs Revenues $16,433,274 -$75 million private investment Debt Service $7,195,762 -West Side Main Streets Revitalization Existing $8,691,545 Commitments -Smart Streets Implementation Ant. Expenses $4,700,000 - Ignition Park — VRP, Phase II Infrastructure, multi- tenant building, ND Turbo Facility Opportunity $49,000 Reserve - Hoffman, LaSalle Hotel -Nello -Parks -Curb, Sidewalk and Light -up South Bend PROCESS &STRATEGY STREET ; BUSINESS ; NEIGHBORHOOD i Z �� r Z0 A J Ca W Y W J ACTIVITIES: I-- On-Street Parking, Lane w Striping, Medians, Signals 0 to BUILDING FACADES ACTIVITIES: ACTIVITIES: Streetscape Improvements Facade Grants ACTIVITIES: ACTIVITIES: Small Business Assistance Streetscape, Housing Programs, Grants, Tax Abatements Programs & Grants • C APIN PARK HISTORIC NEIGHBORHOOD INIM LEEPER PARK _A%LZ MEMORIAL HOSPITAL II t7ljr '1. ow ! I RIVER EAST DEVELOPMENT AREA a } 1^ A E \ DEPARTMENT OF COMMUNITY INVESTMENT CITY OF SOUTH SEND OCTOBER 2014 O� SpUTIJ eE� � O u d PEACE � a 1865 RIVER EAST DEVELOPMENT AREA SpUTIJ eE� 4� O u d PEACE � a 1865 Key Activities: -CSO / TRANSPO Site Improvements Revenues $5,218,004 -Eddy Street Phase II Debt Service $3,425,628 -Four Points Utility Infrastructure Existing $2,100,000 Commitments -Hill Street Improvements Ant. Expenses $500,000 -Eddy Streetscape (Four Points to Sample) Opportunity $1,936,467 -Parks Reserve -Curb, Sidewalk and Light -up South Bend PRO r •Ja. SOUTH SIDE DEVELOPMENT AREA 45oUTHB O U sacs C 1865 SOUTH SIDE DEVELOPMENT AREA Key Activities: - Smart Streets/ Chippewa Improvements - Erskine Pond / berm corrections - Parks - Curb, Sidewalk and Light -up South Bend Revenues Debt Service Existing Commitments Ant. Expenses Opportunity Reserve 45oUTH*4O U sacs C 1865 I re $2,450,000 $0.00 $562,000 $2,900,000 $0 a WEST WASHINGTON DEVAREA LEGEND _i South Bend City Limit Parks _ West Washington Chapin Dev Area ■ Airport Econ Dev Area _ Addition toAEDA WEST WASHINGTON CHAPIN DEVELOPMENT AREA h. MR 4SoUTHBO U sacs C 1865 'b,'b',qkNw= DEPARTMENT OF COMMUNITY INVESTMENT -;� CITY OF SOUTH BEND 'OCTOBER 2014 O� SpUTR � O u` WEST WASHINGTON DEV AREA 1865 Key Activities: qW - City Cemetery Phase I (entrance) Revenues $481,007 - City Cemetery Phase II (North of Colfax, Debt Service $0.00 acquisition, demo) Existing $610,000 Commitments - Curb, Sidewalk and Light -up South Bend Ant. Expenses $0.00 Opportunity $658,358 Reserve CASE STUDY: NELLO Corp. • Private Investment: $ 48,000,000 • Public Investment: $ 9,000,000 • Return on Investment: 7.08 years 0 524 jobs (excludes retained jobs) Personal Ppty Tax $4,165,280 Real Ppty Tax LO IT Tota r $6,461,160 $757,512 $11,383,952 4SoUTH*4O U sacs C 1865 Guth Bend company makes eel towers, announced plan arlier this month to build new ant on southwest side and r.ploy up to 639 people here. General Fund $2,631,888 (PP,LOIT) TI F $6,461,160 (RP) Other Tax Units $2,290,904 (PP) Total $11,383,952 CASE STUDY: NOBLE AMERICAS • Private Investment: $ 31,715,000 • Public Investment: $ 1,500,000 • Return on Investment: 2.75 years — (Excludes waste water usage) • 50 jobs Personal Ppty Tax Real Ppty Tax LO IT Tota r $3,008,205 $542,960 $125,250 $3,676,315 O� SpUTIJ eE� � O u d PEACE � a 1865 General Fund $1,478,942 (PP -Net, LOIT) TI F $542,960 (RP) Other Tax Units $1,654,413 (PP - Net) Total $3,676,315 PROCESS /SCHEDULE Corridor Plan RDC Declaratory Resolution APC Resolution Presentations to Common Council Common Council Vote on APC Resolution Public Meetings LWW, Western and NNDA RDC Confirming Resolution Jan- T August Sept t August X X X X X 91 X x X x X 45oUTH*4O U sacs C 1865 DCI- VISION: 45oUTHB O Vibrant urbanism is economic development 1865 Dull, inert cities, it is true, do contain the seeds of their own destruction and little else. But lively, diverse, intense cities contain the seeds of their own regeneration, with energy enough to carry over for problems and needs outside themselves. Jane Jacobs Death & Life of American Cities Thank you for your support and partnership to improve the quality of life in South Bend. A"& kLmima