Upload
riverfirst-initiative
View
738
Download
2
Embed Size (px)
DESCRIPTION
In this presentation you'll get a preview of the public-private funding strategies for RiverFirst. Included are demographic maps of the RiverFirst area, key themes for implementation, findings about perception and approach to implementation, and broad Priority Project funding projections. Donjek Inc. of St. Paul, Minnesota, completed the Finance Strategy research and analysis and prepared these Initial Findings.
Citation preview
Funding Strategy: Initial FindingsRiverFirst Steering CommitteeMay, 2013
Scope of RiverFirst Funding Strategy
Funding Strategy: Initial Findings
I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
Function– Active Use– Tandem Development and
Open Space– Transport– Urban Heritage
Demonstration– Conservation
Funding Prospects: Function and Geography
Overlapping Areas– Central Riverfront– North Side– Northeast
Mapping of RiverFirst Area Attributes
Residents of Color as Proportion of Total Population by Census Tract2006 �– 2010 American Community Survey
CurrentDesign TeamProjects
Approx. $40million
Priority Projects Identified inImplementation Framework, Plus
Acquisition and Cleanup
Add: Waterworks ParkAdd: Gateway Park
Approx. $235 million
Reconciling the Project Scope
Funding Strategy: Initial Findings
I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
RiverFirst Stakeholder and Funder Interviews
Completed over 35 interviews of Minneapolis and regionalstakeholders• Representatives of the Business Community• Prospective Contributors and Champions• Civic Leaders• Foundation Program Officers
RiverFirst Stakeholder and Funder Interviews
Prominent Themes• Interest is significant• Contingent on a unified case with strong position in acompetitive landscape
• Each priority project offers a �“hook�” and basis of interest• At the same time, the broader RiverFirst narrative is key• Take advantage of opportunities to demonstrate value now• Transformative scale is central to the RiverFirst case
Funding Strategy: Initial Findings
I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
Funding Strategy: Initial Findings
I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship
Case Study: Discovery Green
Case Study: Millennium Park
Case Study: Brooklyn Bridge Park
Public Presentation of Funding Strategy Initial Findings
Minneapolis Park and Recreation BoardMay 1, 5:00pm
RiverFirst Steering CommitteeMay 2, 7:30-9:00am
Commissioner Open House: RiverFirstMay 2, 11:00am
Public Open HouseMay 2, 6:00-8:00pm
All events at MPRB Headquarters
Questions / Contact Information
Jon CommersDonjek, Inc.Ph. (651) [email protected]
Steve DevereuxDevereux Development Consulting, LLC
Adam MooreMoore Sustainable Planning
Scherer Site