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Historic Downtown Future Transit Village Corridors (SH 5, Kentucky/ Tennessee, & US 380) Residential Neighborhoods Pha se 1 F
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JK 1 Town Center Initiative Pha se 1 F oc us Are a s Historic - - PDF document
JK 1 Town Center Initiative Pha se 1 F oc us Are a s Historic - - PDF document
Town Center Initiative MCKINNE Y T OWN CE NT E R ST UDY INIT IAT IVE PHASE 2 City Council Special Work Session 1 January 25, 2010 JK 1 Town Center Initiative Pha se 1 F oc us Are a s Historic Downtown Future Transit Village
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- Redesign of Downtown Square
- Recognizing the importance of existing neighborhoods throughout the
Phase 1 process and resulting Master Plan (i.e. outlined preservation concepts)
- TxDOT recognizing SH 5 as a viable and important east-west
connection (i.e. Sustainable Development grant)
- Consensus on preferred redevelopment concepts
- Stakeholder and City Council approval of preferred concepts and
Master Plan
- Continued stakeholder buy-in and support
On-going communication (Town Center Connection newsletter)
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Pha se 1 Suc c e sse s Redesign of Downtown Square
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Pha se 1 Suc c e sse s Recognizing the importance of existing neighborhoods
Historic Neighborhood Improvement Zone (HNIZ) Tax Exemption Program Infill that contributes to the character of the Town Center 1105 W Hunt before 1105 W Hunt before 1105 W Hunt after 1105 W Hunt after
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Pha se 1 Suc c e sse s TxDOT recognizing SH 5 as a viable and important east- west connection
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Pha se 1 Suc c e sse s Consensus on preferred redevelopment concepts
IL LUST RAT IO N O F BUIL DING SC ALE APPRO AC H USED AT T RANSIT IO N ZO NE SHO WS T HE LESSENING O F INT ENSIT Y IN T ERMS O F BUILDING USE AND MASS. IL LUST RAT IO N O F PEDEST RIAN IMPRO VEMENT S AT HIST O RIC C O URT HO USE SQ UARE (MPAC ) SHO WS WIDER SIDEWALKS, NEW LANDSC APING , ST REET FURNISHING S, IMPRO VED PEDEST RIAN AC C ESS, AND REPAVED ST REET S. REDEVELO PMENT O F T HE C O T T O N C O MPRESS SIT E C O ULD T RANSFO RM T HE AREA INT O C ULT URAL DEST INAT IO N. IL LUST RAT IO N SHO W T HE PRESERVAT IO N O F KEY HIST O RIC FEAT URES.
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In March 2008, the Town Center Study Phase 1 Report, Shared Vision, and Master Plan were approved and adopted by reference into the Comprehensive Plan and now serve as a meaningful policy guide for city officials, staff, property owners, and private developers when considering decisions in the Town Center.
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Phase 2 of the Initiative kicked off in early 2009.
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- Identify current obstacles to realizing the vision
- Analyze, craft, select, relate, and phase the appropriate implementation
components into a comprehensive action plan that will truly allow the vision and revitalization of the Town Center to be achieved and sustained over time.
- Over the last year, Staff and the Consultant team have been working on
several components for Phase 2 of the Initiative. Pha se 2: Ana lysis of Imple me nta tion
- Inventory of existing land uses & quantification of physical buildout of Phase
1 vision (100% complete)
- Market Feasibility Analysis (100% complete)
- Comprehensive Parking Analysis, including site feasibility analysis for a parking
structure (95% complete)
- Analysis of Existing Development Regulations and Anticipated Capital Needs
(30% complete)
- Establishing a Town Center Business Plan (10% complete)
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Bring ing It All T
- g e the r
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E c onomic F
- unda tion for Susta ine d Va lue
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Conventional Development
- single use pods of development
- buffers instead of transitions
- narrowly stratified market
- planned obsolescence
- value drops when the original
use is no longer viable
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- unda tion for Susta ine d Va lue
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Sustainable Development
- mixed use
- transitions instead of buffers
- broad market
- planned to endure
- value holds when the current
use is no longer viable (because
- f reinvention)
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- unda tion for Susta ine d Va lue
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Ca ta lyst Proje c ts Ide ntifie d in the Ma ste r Pla n
Public Catalyst Projects
- Key Streetscape Connections
(Virginia St./Louisiana St.) (Chestnut)
- Downtown Parking Structure
- State Highway 5 Improvements
Private Catalyst Projects
- Rail Station and Transit-Oriented Development Core
(Flour Mill, McKinney Metals)
- Cotton Compress site into an educational or cultural campus
- Revitalization of Dungan St.
Public/Private Catalyst Projects
- Adaptive reuse of Collin County Courthouse site into a mixed use campus
- Entertainment District (or some other character-specific district)
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Catalyst Proje c ts and the 2010 Bond Pac kage
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Cre a ting the Public - Priva te Pa rtne rship
- Attract investment
- Leverage assets
- Adjacency predictability
- Sustained value
- Form-based development regulations (zoning, subdivision
- rdinance, street design standards)
- Targeted public improvements
- Value reinvestment tools (TIF, PID, Ch. 380, etc.)
- Synchronize the “carrots” and the “sticks”
What We Want to Accomplish How We’re Going to Get There
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T he Ne xt 90 Da ys
Fiscal tools analysis (money in) Targeted public improvements (money out) Development regulation reform (zoning
- rdinance, subdivision ordinance, street design
standards)
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T he Ne xt 90 Da ys
Fiscal tools analysis (money in)
What are the potential fiscal tools? Which ones should we use? TIF/TIRZ (Tax Code Ch. 311) Evaluate TIF feasibility (zone configurations; revenue projections) Pros vs. Cons Is a TIF the appropriate tool for the Town Center? Public Improvement District (TLC Ch. 372) Evaluate PID feasibility (zone configurations; assessment rates; revenue projections) Pros vs. Cons Is a PID the appropriate tool for the Town Center? Chapter 380 Agreements (TLC Ch. 380) Is it the appropriate tool for the Town Center? Under what circumstances should this tool be used? Property Tax Abatements (Tax Code Ch. 312) Is it the appropriate tool for the Town Center? Under what circumstances should this tool be used?
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Targeted public improvements (money out)
- Take inventory of existing public infrastructure
- Identify the future public improvements needed to support the
catalyst projects
- Estimate probable costs of needed public improvements
- Based on the outcome of the 2010 Bond Election, begin to
integrate prioritized public improvements with selected fiscal tools
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T he Ne xt 90 Da ys
Development regulation reform
- Identify regulations that are currently obstacles to realizing the
preferred concepts of the vision
- Outline potential form-based zones based on preferred concepts and
character
- Host community meeting to involve stakeholders and gain feedback
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Downtown Master Plan Owensboro
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Existing Zoning
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Form-Based Code Character Zones
Historic Core Downtown Core Riverfront Core Riverfront Edge Downtown Transition Frederica Blvd. Corridor Downtown Campus Neighborhood
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Form & Development Standards by Character Zone (Historic Core)
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Overall Design Standards for Downtown Re-development
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