City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE www.ashevillenc.gov.

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Presentation transcript:

City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE

THE APPROACH: Align partners around three goals: Vibrant mixed-use neighborhoods Downtown vitality Robust job growth

Align strategic partners around three key goals Neighborhood vitality Vibrant Central City Robust job growth THE STRATEGY: RIVER REDEVELOPMENT Plan of Work: Riverside Drive Redevelopment Plan RADTIP Transportation and Greenspace Coordinated Infrastructure Improvements Job growth in creative sector, others East of the Riverway Initiative

THE STRATEGY: DOWNTOWN VITALITY Plan of Work: South Slope Redevelopment Plan BID Service District Infrastructure Improvements US Cellular Center Renovations Phase II Festival & Special Event Recommendations

Quality city services Capital investment Incentives Citizen engagement Tax structure Arts, culture & special events Real estate asset management Adaptive reuse & new construction Community planning Synthetic TIF Form-based Code Recreation & open space TOOLS:

RESOURCES: Revolving fund that reinvests revenues from possible sources including: City and County property tax base (Synthetic TIF) Land sale and lease proceeds Retired economic development incentives General Fund and Enterprise Fund contributions Leveraged public investments (DOT/HUD/EPA, CDBG, HTF)

THE STRATEGY: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT

THE STRATEGY: RIVER REDEVELOPMENT - RADTIP

RETURN ON INVESTMENT: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT