Lakefront Gateway LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH - - PowerPoint PPT Presentation

Lakefront Gateway

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH Existing Lake Interchange

LAKE INTERCHANGE / DOWNTOWN PLAN

03/01/2013 NORTH Existing Pedestrian Challenges – Up Close

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH Lake Interchange – In Transition

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT

03/01/2013 NORTH New Development Opportunities

JUNEAU AVENUE OLD WORLD 3RD ST BRADLEY CENTER

MARCUS

STATE ST

CENTER

Grand

4TH ST INTERSTATE 43 KILBOURN AVENUE

Commerce Wisconsin

Germania

Wisconsin

(125 (108 units) (78 units)

Cawker

Library Hill

Tower rooms)

WELLS ST

Bldg

(139 units) (75 units)

Nelson Posner Bldg.

2ND ST

WISCONSIN

Bros.

(105 units)

PUBLIC CENTER LIBRARY

WISCONSIN AVENUE

HILTON 4TH & WISC.

Plankinton Lofts

• St. James

Court

6TH ST GRAND AVENUE

LOT

(54 units) 700 Lofts

MICHIGAN STREET

WE

Majestic

(49 units)

PROPOSED

ENERGIES

MARQUETTE

Lofts

UNIVERSITY/BUCKS ATHLETIC RESEARCH FACILITY

The 401

4TH ST

Boston Lofts (135 units) (74 units)

INTERSTATE 794

(188 units)

MILW PUBLIC

5TH ST Approved

MARKET

Streetcar Route

ST PAUL AVENUE

INTERMODA L STATION

WESTOWN NEIGHBORHOOD - CITY of MILWAUKEE

DOWNTOWN SUPPLY - 2008

Existing Number of Rooms Building Completed Hotel Operation Building Age Hotel Age Pfister 307 1893 1893 115 115 Astor 92 1920 1920 88 88 Hilton Milwaukee City Center 729 1927 1927 81 81 Best Western Inn T

• wne

100 1928 1928 80 80 Ambassador 133 1928 1928 80 80 DoubleTree 243 1965 1965 43 43 Ramada 155 1970 1970 38 38 Park East Hotel 159 1970 1970 38 38 Hyatt Regency 484 1980 1980 28 28

InterContinental (Wyndham)

220 1988 1988 20 20 Hotel Metro 65 1937 1998 71 10 Marriott Courtyard 169 1999 1999 9 9 Hampton Inn 138 1960 2000 48 8 Marriott Residence Inn 131 1928 2001 80 7 Subtotal 3,125

DOWNTOWN SUPPL Y - 2017

Existing Number

• f Rooms

Building Completed Hotel Operation Building Age Hotel Age Pfister 307 1893 1893 124 124 Astor 92 1920 1920 97 97 Hilton Milwaukee City Center 729 1927 1927 90 90 Fairfield Inn 100 1928 1928 89 89 Ambassador 133 1928 1928 89 89 DoubleTree 243 1965 1965 52 52 Ramada 155 1970 1970 47 47 Park East Hotel Hyatt Regency InterContinental Hotel Metro Marriott Courtyard 159 484 220 65 169 1970 1980 1988 1937 1999 1970 1980 1988 1998 1999 47 37 29 80 18 47 37 29 19 18 Hampton Inn 138 1960 2000 57 17 Marriott Residence Inn 131 1928 2001 89 16 Iron Horse 100 1907 2008 110 9 Aloft 160 2009 2009 8 8 Hilton Garden Inn 127 1886 2012 131 5 Brewhouse Inn & Suites 90 1890 2013 127 4 Marriott Milwaukee 205 2013 2013 4 4 Potawatomi Hotel 381 2014 2014 3 3 Kimpton Journeyman 158 2016 2016 1 1 SpringHill Suites 155 1928 2016 89 1 Homewood Suites 94 1892 2017 125 The Westin Milwaukee 220 2017 2017 Subtotal: 4,815 Average Age: 64 34

Lift Ramp ADA Facilities

Moving Milwaukee Forward

Equitable Growth through Transit Oriented Development (TOD) Planning

Bublr Bike Locations As of December 31, 2016

Ald. District Stations

3 14 4 20 6 9 12 6 14 1

Wauwatosa

7

1800 1600 1400 1200 1000 800 600 400 200

New Residential Units Completed or

Residential Units

Under Construction in the Greater Downtown

1677

From 2004 through 2016 = 9,931 Units

Residential…

1017 978 966 832 788 794 749 646 486 367 498 322 194 176 303 78 140

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Und Const

January 2017 Summary

Downtown Area and Tax Base

Downtown has 3.2% of the City’s land area and 18.6% of the tax base.

Milwaukee’s

Inner Harbor

A multi-year focus For the School of Architecture and Urban Planning

Funding Provided by:

The Brico Fund

The SARUP Urban Edge

• Prize. The UWM Graduate School

and others

TID 92: Sherman Phoenix

Single Family & Duplex Development 2005 – 2017 YTD*

Construction Permits for Single Family & Duplex Development

220 190 221 108 95 128 297 52 49 37 35 47 20 50 100 150 200 250 300

Total = 1,499

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* Units Developed

*through September 2017

*through July 2017

Non-HACM Affordable Housing Development 2004 – 2017 YTD

Ald. District LIHTC 2017 LIHTC 1 273 2 310* 79 3 79 4 1,580 5 15 6 1,051 7 285 8 268 9 747 56 10 120 80 11 12 678 13 14 90 15 1,054 TOTAL 6,550 215

*Also HACM (Westlawn)

Total Capital Budget for Core

Infrastructure Programs 2004 - 2015

$0 $10 $20 $30 $40 $50 $60 $70 $80 $90 In Millions 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Local Paving Replacement Cycle Selected Years: 2004-2014

20 40 60 80 100 120

2004 2008 2014 108 74 62

Portfolio performance 2004-2016

• 50 active TIDs in 2016
• Expenditures: $505 million
• Incremental value: $1.5

billion in 2016

• Paving projects funded:

$14.18 million

• Housing projects funded:

$2.35 million

$1,600 $1,400 $1,200 $1,000

Expenditure

$800

Incremental

$600

value

$400 $200 $0

(millions)

• 2017 YTD (September 30)

– 87 projects – $13 million of loans – $50 million total investment – Retain 1,442 FTE jobs – Create 295 FTE jobs

• Supporting initiatives

– $175 million NMTC – Milwaukee County RLF – Waukesha County RLF – M7 Venture Debt loans – PACE Financing – SBA Community Advantage – KIVA Milwaukee – Various Chamber loans

• 2005-2017 YTD

– 909 projects – $208 million loans – $835 million ttl investment – Retain 18,233 FTE jobs – Create 5,990 FTE jobs

• New Markets Tax Credits

– 6 awards - $175 million – 8 projects $122.25 million – Revolving Loan Funds

• Four totaling $52.75 million
• 82 businesses, $61 million
• Loans from $102,000 to $10

million

Since February 2015… ❖ 80 loans to Milwaukee entrepreneurs ❖ $465,500 lent ❖ Borrower ethnicity

• 41% African-American
• 32% Caucasian
• 7.5% Hispanic

❖ Borrower gender

• 61% female
• 39% male

❖ Most common business types

• Food/beverage
• Retail
• Services