Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
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The document outlines a strategic plan for enhancing the Minneapolis riverfront above the falls with a focus on public investment, public engagement, and ecological restoration over the next two decades. It emphasizes the importance of private/public partnerships, capital funding from various sources, and a framework for land use updates to promote community access and ecological health. The document also discusses the need for coordinated implementation and governance among multiple stakeholders to ensure long-term success.
Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
- 1. A 21st Century Riverfront Above the FallsSeptember, 2011
- 2. MR|DI – Enhancing the Minneapolis brand
- 3. MR|DI – Extending success above the falls3 Decades of Downtown Investment:6:1Private/Public Investment
- 4. MR|DI – Parks framework underpins larger ATF land use update
- 5. Strategy: Opportunistic vision for next generation public investment; plan for short term success
- 6. Phase I is critical to successBring all Minneapolitans to the riverFoster advocacy for plan completionSecure media attentionDemonstrate ability to complete transactions
- 10. PRIORITY PLAN2-5 YEARSVISION PLAN10-20 YEARSPHASING PLANS
- 11. BNSF Garden Café BridgePlymouth Knot BridgeTRAILS & BRIDGES
- 12. Design Team Slides go hereBIOHAVENS
- 14. Design Team Slides go here26th AVE/FARVIEW EXTENSION
- 16. Design Team Slides go hereSCHERER PARK DISTRICT
- 18. Design Team Slides go hereNORTHSIDE WETLAND PARK
- 20. Phase I Capital Costs* Excludes easement/land acquisition for trails** Costs developed by MortensonConstruction
- 21. Great ideas, great designs, and strong leadership attract capital.
- 22. Make the first phase real: match third-party sources to priority projectsLegacy Amendment FundingTransportation Enhancement FundsElwell LawEPA Brownfield FundsPrivate Sponsorships & PhilanthropyOther local & federal sources
- 23. Match third-party sources to appropriate priority projectsLegacy Amendment FundingTransportation Enhancement FundsElwell LawEPA Brownfield FundsPrivate Sponsorships & PhilanthropyOther local & federal sources
- 24. Typically, a wide range of operations & maintenance sources.General FundSpecial LevyBID ChargeFood &BeverageEvents & PromotionsParking FeesCorporate SponsorshipReal EstateProceedsPhilanthropy 501(c)(3)PrivatePublicEarned Income
- 25. Securing non-MPRB operating resources will be challengingNOT DowntownNOT affluent neighborhoodsNOT a city projected for significant near-term growthLIMITED real estate value creation (total $)LIMITED corporate interestLIMITED philanthropy+
- 26. MPRB funding will be critical, particularly in early years.General FundsSpecial LevySpecial AssessmentsFood &BeverageEvents & PromotionsParking FeesCorporate SponsorshipReal EstateProceedsPhilanthropy 501(c)(3)PrivatePublicEarned Income
- 27. Real estate-related sources will most likely provide the greatest magnitude of private funding.General FundSpecial LevySpecial AssessmentsFood &BeverageEvents & PromotionsParking FeesCorporate SponsorshipReal EstateProceedsPhilanthropy 501(c)(3)PrivatePublicEarned Income
- 28. Target 2 primary sources: ground lease payments & Housing Improvement Areas / Special Assessment DistrictsLow-Rise ResidentialOwner-OperatorSources: Bay Area Economics; site appraisals
- 29. Stormwater management fee savings may be repurposed for parkland O&M.General FundSpecial LevySpecial AssessmentsFood &BeverageEvents & PromotionsParking FeesCorporate SponsorshipReal EstateProceedsPhilanthropy 501(c)(3)PrivatePublicEarned Income
- 30. Recapture existing stormwater management feesImpervious Lot AreaStormwater FeeE.S.U.=XImpervious Lot Area ReductionE.S.U.Additional Stormwater Cleaning$$$ Available for Park O&M+=X
- 31. Other sources should continually be pursued by park stewards.General FundSpecial LevySpecial AssessmentsFood &BeverageEvents & PromotionsParking FeesCorporate SponsorshipReal EstateProceedsPhilanthropy 501(c)(3)PrivatePublicEarned Income
- 32. Implementation and governance must be coordinated by multiple parties.
- 33. A 21st Century Riverfront Above the FallsSeptember, 2011