quality growth toolbox reinvesting

QUALITY GROWTH TOOLBOX

Reinvesting in Towns, City Centers, and Communities

Benefits: Retains a sense of place and

historic Identity Sustains a sense of community Maximizes public facility and

infrastructure investments Supports the value of private

investment Contributes to the local

economy Reduces growth pressure to

outlying areas Creates convenience

Our Region’s Existing Communities have Tremendous Redevelopment Potential

Toolbox pg. 14

Memphis, TN: Broad Street

Memphis, TN: Broad Street

Commissioned by Duncan Associates

Memphis, TN: Broad Street

Define and Focus on Promising Areas

Create Good Redevelopment Plans

Make Investment Possible Use Incentives to Promote

Reinvestment Design Attractive Community

Centers Maximize Organizations and

Resources in Revitalizing Areas

Toolbox pg. 20

Identify promising areas for reinvestment and define project boundaries.

Focus resources and efforts towards maximum success

Define and Focus on Promising Areas

Toolbox pg. 28

Establish a redevelopment plan to address needs of promising areas Incorporate

unique community elements into traditional planning process

Create Good Redevelopment Plans

Toolbox pg. 28

Utilize approval streamlining Make higher density possible Expand residential use and

type Encourage mixed use Adopt form based regulations Update codes to encourage

rehabilitation

Make Reinvestment Possible

Toolbox pg. 29

Provide brownfield assessment and remediation

Encourage greyfield redevelopment

Implement tax increment financing districts

Consider Business Improvement Districts (BID)

Implement PILOT- Payment In Lieu Of Taxes

Use Incentives to Promote Reinvestments

Use community development block grants (CDBG)

Use state programs such as the Tennessee Courthouse Square Revitalization Program

Expand financial incentives for property owners

Provide financial support through government infrastructure improvements

Toolbox pg. 36

Make streetscape improvements

Maximize public buildings and uses

Create multimodal and walkable areas

Use design guidelines Use conservation zoning Enhance natural features

Design Attractive Community Centers

Toolbox pg. 44

Example: Bellevue Boulevard / McLemore Avenue

Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage

Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage

Example: Bellevue Boulevard / McLemore Avenue

Bellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantageBellevue Boulevard / McLemore Avenue, Soulsville, Memphis, TN: Steve Price, UrbanAdvantage

Example: Bellevue Boulevard / McLemore Avenue

Include stakeholders in the revitalization and redevelopment of communities City and County

Governments Main Street Boards Chamber Community

Development Councils Churches Neighborhood Associations Local Business Owners

Maximize Organizations and Resources in Revitalizing Areas

Toolbox pg. 48

Former complex of depression-era buildings

Redeveloped into 250,000 square feet of retail shops, art gallery, antiques stores, restaurants, entertainment venues, and event space

Central Franklin Area Plan National Register of Historic Places Used Department of Interior Guidelines

for Rehabilitation and Restoration Historic Rehabilitation Tax Credits Other redevelopment incentives

Example: Successful Transformation of Abandoned Brown Field Site to Vibrant Activity Center