syracuse 20/20 onvest onondaga county quality community investment trust fund december 2008
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SYRACUSE 20/20
OnvestOnondaga County Quality Community
Investment Trust Fund December 2008
SYRACUSE 20/20
Onvest - public trust fund for: Protecting and creating community assets Replacing shrinking funding sources Establishing local funding to match other
available incentives Partnering with other governments, not-for-
profit foundations and private investors Promoting sustainable development
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What is a Quality Community?
Certain principles are important:
Invest in the center city Create, preserve and redesign neighborhoods Invest in historic villages Protect farm land and beautiful natural environment Ensure economic reuse of existing infrastructure
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Example of Investing In Center City
Hanover Square Downtown Syracuse
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Examples of Creating, Preserving and Redesigning Neighborhoods
Village of Manlius
County CD work in Nedrow - Before
County CD work in Nedrow - After
Tipperary Hill Redesign of Neighborhood
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Invest in Historic Neighborhoods
Marcellus
Baldwinsville
County CD - Baldwinsville Commercial Rehab – Before
County CD Baldwinsville Commercial Rehab – After
Village of Liverpool
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Protect Farm Land and Beautiful Natural Environment and Ensure Economic Use of Existing Infrastructure
Bussey Road, Town of Onondaga
Onondaga Lake
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What is the role of local government?
Establish the rules of developmentZoning, land use planning
Invest in infrastructureProvide direct investment often in partnership
with other governments and private investors
Plum Court, Onondaga Creekwalk & OM Edwards Building
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Why is Onvest needed?Reaching scale and sustainability difficult
with existing funding streams Fragmented government structure prevents
unified vision Planning efforts completed in isolation of a
larger community visionLimited county-wide compliance with 2010
Development Guide
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What is the relevance of the County 2010 Development Guide?
Priorities: Invest in Existing Communities Redevelop Obsolete and Vacant Sites Protect and Maintain Existing Infrastructure Create Urban and Suburban Development Patterns Preserve Transportation Assets Expand Infrastructure for Job Creation
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How does Onvest meet the need? Offers opportunity to reward compliance
with 2010 Development GuideAligns projects throughout the County with a
unified vision and planProvides a reliable local funding stream for
responsible and strategic investment in the community
Builds upon successes of SNI at the county level
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What types of projects would Onvest support?
Conversion of buildings Strategic neighborhood housing investments Elimination of outmoded buildings Environmental remediation of property and land Protection, creation and promotion of open space
and environmentally sensitive areas Protection of major architectural, historical and
cultural institutions and assets
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Conversion of Buildings
Camillus Cutlery Building
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Strategic Neighborhood Housing Investments
Genesee Street
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Elimination of Outmoded Buildings
Camillus Cutlery Building
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Environmental Remediation of Property and Land
Solvay – Former Gas Station
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Protection, Creation and Promotion of Open Space and Environmentally Sensitive Areas
Village of Fayetteville
Village of Fayetteville
Village of Fayetteville
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Protection of Major Architectural Landmarks
Erie Canal Museum
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Guiding principles of Onvest:Create a diverse governing body Implement ongoing planning processes with
focused financial resources Require leveraging of private, not-for-profit
and other governmental resourcesObtain ongoing input from diverse view
points and weigh project merits accordinglyPosition the County to compete for business
investment and to retain talented people