29
Funding Strategy: Initial Findings RiverFirst Steering Committee May, 2013

Finance Strategy: Initial Findings (May 2013)

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

Page 1: Finance Strategy: Initial Findings (May 2013)

Funding Strategy: Initial FindingsRiverFirst Steering CommitteeMay, 2013

Page 2: Finance Strategy: Initial Findings (May 2013)

Scope of RiverFirst Funding Strategy

Page 3: Finance Strategy: Initial Findings (May 2013)

Funding Strategy: Initial Findings

I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship

Page 4: Finance Strategy: Initial Findings (May 2013)

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

Page 5: Finance Strategy: Initial Findings (May 2013)

Mapping of RiverFirst Area Attributes

Page 6: Finance Strategy: Initial Findings (May 2013)
Page 7: Finance Strategy: Initial Findings (May 2013)
Page 8: Finance Strategy: Initial Findings (May 2013)
Page 9: Finance Strategy: Initial Findings (May 2013)

Residents of Color as Proportion of Total Population by Census Tract2006 �– 2010 American Community Survey

Page 10: Finance Strategy: Initial Findings (May 2013)
Page 11: Finance Strategy: Initial Findings (May 2013)
Page 12: Finance Strategy: Initial Findings (May 2013)
Page 13: Finance Strategy: Initial Findings (May 2013)
Page 14: Finance Strategy: Initial Findings (May 2013)

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

Page 15: Finance Strategy: Initial Findings (May 2013)

Funding Strategy: Initial Findings

I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship

Page 16: Finance Strategy: Initial Findings (May 2013)

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

Page 17: Finance Strategy: Initial Findings (May 2013)

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

Page 18: Finance Strategy: Initial Findings (May 2013)

Funding Strategy: Initial Findings

I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship

Page 19: Finance Strategy: Initial Findings (May 2013)
Page 20: Finance Strategy: Initial Findings (May 2013)
Page 21: Finance Strategy: Initial Findings (May 2013)
Page 22: Finance Strategy: Initial Findings (May 2013)
Page 23: Finance Strategy: Initial Findings (May 2013)
Page 24: Finance Strategy: Initial Findings (May 2013)

Funding Strategy: Initial Findings

I. Attributes of RiverFirst AreaII. Interviews and ResearchIII. Projection of Funding by Source for ProjectsIV. Case Studies – Finance and Stewardship

Page 25: Finance Strategy: Initial Findings (May 2013)

Case Study: Discovery Green

Page 26: Finance Strategy: Initial Findings (May 2013)

Case Study: Millennium Park

Page 27: Finance Strategy: Initial Findings (May 2013)

Case Study: Brooklyn Bridge Park

Page 28: Finance Strategy: Initial Findings (May 2013)

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

Page 29: Finance Strategy: Initial Findings (May 2013)

Questions / Contact Information

Jon CommersDonjek, Inc.Ph. (651) [email protected]

Steve DevereuxDevereux Development Consulting, LLC

Adam MooreMoore Sustainable Planning

Scherer Site