Economic Development is inevitable. Where it occurs is not. We Know Why. SE Brownfields Conference Historic Preservation October 2014

West Palm Beach RMA Experience Delray Beach Pompano Beach Miami Beach Lake Worth

Economic Development Bottom Line Cash flow (customers) is the key to a project’s self sufficiency and success. Only two things can improve a the Cash Flow of a business: – Increased Revenues; and/or – Reduced Expenses.

Economic Development Drivers

Preserve

Enhance

Expose

Invest

Capitalize

Economic Viability Historic Preservation Sensitivity to Design/Land Use Profitability - Industry Diversification Resort/Visitor Base South Beach North Beach

Preservation Tools Financial – Federal Tax Credits – State Tax Credits – Façade Improvement Programs – Alternative Method of Assessment – Property Tax Abatement Regulatory – Historic Preservation, Architectural Review Boards – Adaptive Reuse – Business Resolution Task Force Proprietary – Public Private Partnerships – Housing Affordability – Heritage Tourism – Main Street Programs Parking – Fee in Lieu of Providing Parking – Parking Enterprise Fund – Parking Requirements

Economic Development is inevitable. Where it occurs is not. We Know Why. Kevin S. Crowder, CEcD