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Ron Barton, Assistant County Administrator for Economic Prosperity
HILLSBOROUGH COUNTY TARGETED REDEVELOPMENT PROGRAM
Building Economic Prosperity Through Redevelopment
HILLSBOROUGH COUNTY TARGETED REDEVELOPMENT PROGRAM Building - - PowerPoint PPT Presentation
HILLSBOROUGH COUNTY TARGETED REDEVELOPMENT PROGRAM Building - - PowerPoint PPT Presentation
HILLSBOROUGH COUNTY TARGETED REDEVELOPMENT PROGRAM Building Economic Prosperity Through Redevelopment Ron Barton, Assistant County Administrator for Economic Prosperity Hillsborough Countys Economic Development Strategy must also address
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Hillsborough County’s Economic Development Strategy must also address redevelopment.
Distressed areas of our community need engagement Many areas are still relevant locations for job creation Program strategy to engage private capital and stabilize/grow
tax base
Synergies with transportation improvements and other
infrastructure
BOCC messaging that we are committed to previously
developed areas
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Two-Tiered Redevelopment Approach
Innovation Alliance Initiative Hillsborough County Redevelopment Initiative
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Redevelopment Area Criteria
Primarily defined as any census block group that meets
HUD’s low to moderate income criteria and is located in the Urban Service Area
Primarily focused on office and industrial job creation
redevelopment opportunities (not retail/not residential)
Primarily focused on sites in which the land values are at
least 50% of the total just value or greater
Primarily requires a private sector partner to engage in
the redevelopment activity (not solely a public sector effort)
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University
Pilot Project Area
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Palm River
Pilot Project Area
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56th St N
Pilot Project Area
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North Airport-Anderson-Dale Mabry
Pilot Project Area
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New Redevelopment Programs and Tool-Kit
Building and site redevelopment for Industrial Purposes Large site repurposing to Job Creators (non-retail) Community Enhancement Initiatives Infrastructure as a catalyst for specific redevelopment
project(s)
Matching Grant-Contaminated Property Clean Up
Program
Jobs/Company Incentives for redevelopment areas Unique economic catalyst projects and P3’s
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Related Programs and Tools
Enterprise Zone Program CDBG Funding State QTI and other Jobs incentives Brownfields Program County CIP Mobility Fee Program Go Hillsborough (TED)
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1st Quarter FY16 – Work Pilot Project areas and Promote Program
Realtors and Developers (NAIOP and FGCAR) Property Owners and Business Owners
2ND Quarter FY16 – Finalize Policy Alignments to Redevelopment
Program (in tandem with Comp Plan Update/LDR’s)
Mobility Fee Program Incentive Program Zoning and Land Use Alignments Entitlements
3rd Quarter FY16 – Application/Solicitation Process to Identify
Specific Projects of Engagement and BOCC review/approval