Economic Development Economic Development 2010 2010 1 Local - - PowerPoint PPT Presentation

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Economic Development Economic Development 2010 2010

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Local Business Licenses Local Business Licenses

1000 2000 3000 4000 5000 6000 2007 2008 2009 2010

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Initiate and retain personal contacts and Initiate and retain personal contacts and business visits with the Mayor business visits with the Mayor

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Economic Development Events Economic Development Events… …

• Small Business Workshop, June 1, 2010

Small Business Workshop, June 1, 2010

• Chamber of Commerce Brown Bag Lunches

Chamber of Commerce Brown Bag Lunches

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Economic Development Events Economic Development Events

Florida Future Summit

January 25, 2010

• Florida Future Summit

January 25, 2010

• Economic Gardening Breakfast Workshop, June 25, 2010
• Economic Gardening Breakfa

fa fast Workshop, June 25, 2010 g p,

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Economic Gardening Breakfast Workshop, June 25, 2010

• e.Builders

Inerjy

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Spreading the Word about Plantation Spreading the Word about Plantation

Attracting New Businesses: Attracting New Businesses:

• 11 business leads

11 business leads

• 100 potential business calls

100 potential business calls Helping Existing Businesses: Helping Existing Businesses:

• 600 business letters

600 business letters

• 650 email business contacts

650 email business contacts Building Business Relationships: Building Business Relationships:

• Greater Fort Lauderdale Alliance Partner Council

Greater Fort Lauderdale Alliance Partner Council

• Growth Florida Action Team

Growth Florida Action Team

• Plantation Chamber

Plantation Chamber’ ’s Government Affairs & Economic s Government Affairs & Economic Development Committee Development Committee

• Greater Fort Lauderdale Alliance Board of Directors

Greater Fort Lauderdale Alliance Board of Directors

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Midtown District Projects Midtown District Projects 2001 2001-

• 2010

2010

Name of Development 2001 Assessed 2010 Estimated Proposed Square Foot, Property Value Property Value Development Dwelling Units 321 North $ 49,047,230 $ 32,911,300 $ 1,000,000,000 1+ml/590 un Cornerstone $ 33,360,420 $ 60,353,380 $ 46,400,000 332,000 Midtown 24 $ 264,350 $ 46,138,840 $ 48,000,000 251 units Fountains, commercial $ 33,952,780 $ 77,060,070 442,400 Kaplan University N/A $ 14,631,054 120,000 One Plantation Place N/A $ 11,050,070 $ 82,000,000 60,000/313 unt Publix Market $ 2,970,170 $ 7,205,665 58,318 Regency Midtown $ 1,481,590 $ 2,541,090 $ 39,022,110 88,000/81 unit Renaissance Hotel $ 2,061,360 $ 27,152,630 250 rooms Royal Palm $ 14,783,410 $ 63,313,230 885,800 Medical Office, 84th Ave $ 1,489,750 $ 3,165,749 13,800 Veranda $ 15,910,320 $ 24,197,800 $ 39,520,000 201 units $ 8,002,310 48,850 Westside Medical Ctr $ 2,643,200 $ 4,421,300 $ 8,000,000 42,000 Total $ 157,964,580 $ 382,144,488 $ 1,262,942,110

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Office Occupancy Rate Office Occupancy Rate

20 40 60 80 100 Broward 93 95 89 87 82 Plantation 90 92 87 84 86 2006 2007 2008 2009 2010

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Expansion Expansion… …Midtown 24 Midtown 24

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Expansion Expansion… … Fountains Fountains Main Street Main Street

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Fountains Entrance…

a Popular Shopping Center

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New Stores and Restaurants…

Lime Fresh Mexican Grill Coming soon…

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Retention Retention… … Shops at the Fountains Shops at the Fountains

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Attraction Attraction… … Publix Publix

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Remodeling and Remodeled…

El Dorado El Dorado

Midtown Office, 84th Avenue

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Grand Openings and New Construction…

Green Paws, Cleary Blvd. Green Paws, Cleary Blvd. Chase Bank, Sunrise Blvd.

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Technology Park Technology Park

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Industrial Occupancy Industrial Occupancy

20 40 60 80 100 120

Broward 96 95 91 91 90 Plantation 97 95 94 91 92 2006 2007 2008 2009 2010

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Expansion, Attraction, Retention Expansion, Attraction, Retention… …

TEAM TEAM Health Health

• E. Security Alarm Systems
• E. Security Alarm Systems

Southeast Broach Southeast Broach

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Plantation Gateway Property Plantation Gateway Property Taxable Values & Incremental Tax Revenues Taxable Values & Incremental Tax Revenues

Fiscal Year Base Year Value Taxable Value Incremental Tax Revenue 2000 $127,670,650 n/a n/a 2001-02 $134,627,810 $103,028 2002-03 $138,031,680 $147,246 2003-04 $151,638,970 $328,270 2004-05 $162,340,080 $467,630 2005-06 $183,394,320 $728,562 2006-07 $203,188,660 $908,515 2007-08 $225,169,980 $999,148 2008-09 $240,315,390 $1,234,207 2009-10 $224,107,710 $1,095,800

Source: City of Plantation Financial Services

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Business Licenses Issued Business Licenses Issued

20 40 60 80 2007 2008 2009 2010

Source: City of Plantation, City Clerks Office,

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Gateway District Strength Gateway District Strength

Business Diversity Business Diversity

Accounting, Architecture & Management Related Services Auto, Motorcycle Sales & Repair Business Services, Building & General Contractors Education Financial, Insurance & Real Estate Services Food Stores Healthcare Services Home Furniture, Furnishings & Equipment Hotels & Motels Legal Services Restaurants Retail Social Services Wholesale Trade

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New Small Businesses

2010

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New Private Investment

2010

Business Name Address 2010 Assessed Value Construction/Renovation Project Square Feet Walgreens Store 1251 S. SR 7 $2,272,330 Demolish & Build New Stand Alone Store 14,000 Amicus Medical 480 N. SR 7 $650,810 Demolish & Build New Bldg. 4,000 Rick Case Hyundai 951 N. SR 7 $880,000 Auto Showroom & Parking 15,000 La Green Stars Preschool 4021 Peters Road $237,700 Renovation of Existing Bldg. 2,375 Massey Yardley 777 N. SR 7 $4,616,520 Building Renovation N/A Furniture Kingdom 441 S. SR 7 $1,090,540 Existing Bldg. Renovation 11,806 Chrysalis Center 3800 West Broward Blvd. $3,143,520 Renovation of Existing 2 Story Interior Offices 27,530 Plantation General Hospital 401 N.W. 42nd Avenue $11,300,000 Outpatient Unit and Pediatric Emergency Room 2,319 Motor House 600 N. SR 7 1 $1,303,210 Showroom and Parking 10,007 Fast Train Vocational Center 15 N. SR 7 at Westgate Plaza 2 $6,064,450 Classrooms, Offices & other infrastructure 12,500

Note: 1 Used car dealership taken out of foreclosure

2 Assessed value for Westgate Plaza

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Walgreens

1251 S. SR 7 at Davie Blvd.

To Date New Proposed Stand alone Walgreens

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Amicus Medical

480 N. SR 7

To Date

Future Proposed new construction

• f medical offices

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Rick Case Hyundai

951 N. SR 7

To Date

Site under construction

Front view of future showroom/offices

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La Green Stars Preschool

4021 Peters Road

To Date Front of future remodeled building

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Massey Yardley

777 N. SR 7

To Date Front of future remodeled building

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Furniture Kingdom

441 S. SR 7

Ongoing Interior Renovation

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Chrysalis Center

3800 W. Broward Blvd.

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Plantation General Hospital

401 N.W. 42nd Ave. Outpatient Department & Pediatric Emergency Room Expansion

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Fast Train Vocational Center

15 N. SR 7 at Westgate Plaza

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Westgate Plaza

1 N. SR 7

Ongoing Back Parking Lot Construction

Grading New Drainage Dumpster Enclosures

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Public Investments Public Investments

2010 2010

Completed Peters Road Sanitary Sewer & Water Main

• Including new sidewalks, repaving and landscaped island

Replacement of 36 Royal Palms along the length of SR 7

In Progress Gateway Redevelopment District Safety Program C-12 Canal Multi-Use recreational Trail To Start in 2011

• N. SR 7 NE Quadrant Underground Electric & Utilities Relocation

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Peters Road Projects Peters Road Projects

Completed Projects

Sanitary Sewer & Water Main

Pavement & Markings Sidewalk Swale Landscaped Median In Progress Landscape Edge along north side of the street

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New Pavement & Markings New Pavement & Markings

Moving East on Peters Road

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New Sidewalk & Swales New Sidewalk & Swales

East View Peters Road & SW 45th Av,

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Landscaped Median

East View West View

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Peters Road Projects Peters Road Projects

Community Benefits New aesthetics for Peters Road Modifies community perception of Peters Roads area Improves pedestrian circulation and safety Current property owners able to connect to sanitary sewer system Encourages future development & redevelopment

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Landscape & Hardscape Landscape & Hardscape Maintenance and Improvements Maintenance and Improvements

On-Going Royal Palm Replanting Program Bus Shelter Maintenance SR 7 Median Landscape

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Safety Grant Program Safety Grant Program 2009 2009-

• 2011

2011

Budget: $250,000 Objective:

To provide for safety-related improvements to private commercial

property that protects persons and property Implementation:

Administered jointly by PZED and Police Department Provides partial grant assistance for qualified business Carry out Crime Prevention through Environmental Design

(CPTED)

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Safety Grant Program Safety Grant Program 2009 2009-

• 2011

2011

Results to Date

25 Committed Businesses

COMMITTED IMPROVEMENT COSTS APPLICANT COST SHARE CITY COST SHARE

Round 1

$174,943.29 $108,471.86 $66,471.44

17 Applicants

Total Investment Leveraged City Investment

Round 2

$40,035.19 $22,554.23 $17,480.95

4 of 8 Applicants

Total Investment Leveraged City Investment

Sub-Total

$214,978.48 $131,026.09 $83,952.39

Average Costs $10,237.07 $6,239.34 $3,997.73

BUDGET $250,000.00 ALLOCATED $83,952.39 BALANCE $166,047.61

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Multi Multi-

• Use Recreational Trail (MURT)

Use Recreational Trail (MURT)

Objective:

Provide connectivity to SR 7 from the Park East Trailhead along south side of the C-12 canal

Project Status

Trail construction starts at the intersection of the Florida Turnpike and Sunrise Blvd. Construction of segment within the CRA starts in six months

Community Benefits

Pedestrian access from Park East to SR 7 via recreational trail Offers alternative access to bus transportation services on SR 7

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Multi Multi-

• Use

Use Recreational Trail (MURT)

Recreational Trail (MURT)

MURT moves east along the south side of the C-12 Canal

Trailhead to be located at the NW Corner of N. SR 7 by the C-12 Canal and adjacent to Rick Case Hyundai.

(under construction)

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Underground Electric & Utilities Relocation Underground Electric & Utilities Relocation

Objectives:

Placement of power lines and utilities underground Replace existing street lights for decorative light poles Install new landscape edge consistent with rest of SR 7

NE Quadrant of SR 7

Project Status:

Project Status:

Contract with FPL executed NE Quadrant Private property easements executed One private property easement pending at S. SR 7 & W. Broward Blvd. Landscape Designed Plans completed

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Underground Electric & Utilities Relocation Underground Electric & Utilities Relocation

NE SR 7 NE SR 7

From North to South View

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Plantation Gateway Marketing Strategy Plantation Gateway Marketing Strategy

Objectives Encourage and support quality redevelopment Help retain and support current businesses Encourage new businesses to locate in the Gateway District Implementation Work within the broad City economic development goals of promoting Plantation as a premium location in Broward County Market redevelopment opportunities to potential investors Assist new businesses through the permitting process Maintain a business visitation program Participate in the State Road 7 Collaborative

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THANK YOU