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Presentation to The Entrepreneurial Network (TEN) on An Update on Downtown and Community Development March 12, 2010

Columbus Redevelopment Commission. Presentation to The Entrepreneurial Network (TEN) on An Update on Downtown and Community Development March 12, 2010. Downtown Columbus 2007 – Where we started. Washington Street. Commons. Jackson Street. Post Office. Commons Mall. 4th Street. Sears.

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Presentation to The Entrepreneurial Network (TEN) on An Update on Downtown and Community Development March 12, 2010

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  1. Columbus Redevelopment Commission Presentation toThe Entrepreneurial Network (TEN) onAn Update on Downtown and Community DevelopmentMarch 12, 2010

  2. Downtown Columbus 2007 – Where we started Washington Street Commons Jackson Street Post Office Commons Mall 4th Street Sears Jackson Street 3rd Street Brown Street 2nd Street

  3. Water Ski Lakes State Road 46 Mill Race Center Washington Street 3rd Street 2nd Street East Fork of the White River Proposed Stadium Columbus Athletic & Event Center Outdoor Sports Complex Baseball/softball/soccer/rugby/lacrosse Haw Creek

  4. Columbus 2011 Proposed Housing / Commercial / Parking (Current Post Office) (long term project) Richard L. Johnson Meeting & EducationCenter (2nd1/4 2010) Jackson St. Parking Garage(Complete) The Commons(3rd1/4 2009) Hotel Indigo (Complete) Candlewood Suites(2nd¼ 2010) Cummins Office Building(Complete) Washington Street Jackson StreetExtension(99% Complete) 2nd Street Parking Garage(complete) 4th Street YES Cinema SIHO Proposed Housing(1st1/4 2010) 2nd Street 3rd Street Brown Street First Financial Future Development(Long Term Project)

  5. Enhance Columbus’ regional appeal by directing appropriate development towards downtown kidscommons Indigo Hotel Jackson Street Garage Cummins Office 2nd Street Garage Commons Housing Columbus Athletic and Event Center Outdoor Sports Water Ski Lakes Candlewood Suites Richard L. Johnson Meeting and Education Center Downtown Development Goals

  6. Remove barriers to future quality Downtown development initiatives Creation of Riverfront District Infrastructure - Parking Construction of Jackson Street Garage Construction of 2nd Street Garage Tax Abatement Downtown Development Goals

  7. Pursue “vibrant urbanity” by converging markets (live, work, play, andshop) to shape Downtown into an engaging streetscape experience that encourages repeat visits by residents and visitors Bistro 310 Garage Pub & Grill kidscommons Commons Reconstruction of 4th Street Reconstruction of Jackson Street Zaharako’s Downtown Development Goals

  8. Broaden Downtown’s roles as a housing market and neighborhood service center Casa Verde / Jackson Place Housing around 2nd Street Parking Garage – 179 units Odd Fellows Hall Viewpoint Corner Commons Downtown Development Goals

  9. Reinforce the existing physical fabric of Downtown to better communicate a sense of place including a stronger definition of districts, gateways, gathering places, and relationships to surrounding neighborhoods Commons kidscommons Mill Race Center 2nd Street Parking Garage / Housing Columbus Athletic & Event Center 4th Street Reconstruction Downtown Development Goals

  10. A new class of hotel, for a different class of guests. Hotel Indigo isn’t just another place to stay. It’s an intriguing, inclusive, inspiring experience specifically designed for travelers who aspire to something more than run-of-the-mill accommodations. 85 rooms $9 million in private investment 6 year abatement Hospitality – Hotel Indigo

  11. Hospitality – Parking Garage

  12. Cummins

  13. Economic Development driver 700 spaces $1 million investment – State $3 million investment – Lawrenceburg $1million investment – Columbus $2.6 million investment – Cummins 2nd Street Garage / Housing • Will convert property generating $4,000 in taxes to one that generates $180,00 - $250,000 plus in taxes • 179 apartments • $15 million private investment

  14. 2nd Street Parking/Housing Project Aerial view from southeast

  15. 2nd Street Parking/Housing Project Aerial view from southwest

  16. 2nd Street Parking/Housing Project 3rd Street elevation

  17. Private development 125,000 square feet $12 - $14 million investment Soccer, basketball, volleyball, softball, training Working through questions and gathering additional information Currently generates $16,000 in taxes and will generate about $180,000 in taxes annually Sports – Indoor Facility

  18. Development of 4 – baseball / softball fields, 4 soccer fields, & stadium Based on our experience with amateur sports the projected economic impact to the City will be about $3 million annually Sports – Outdoor Sports Field Facilities

  19. Development of a 3 lake complex for slalom, trick, jump and wakeboarding Facilities will also be used for tri-athelete competitions Based on information provided by Iron Girl Competition and USA Water Ski the projected economic impact to the City will be $1.15 to $2.9 million annually from just two events Sports – Ski Lake Facilities

  20. Commons

  21. What the community has told us they want

  22. Estimated tax impact on $125,000 home Annual tax dollar impact - $13 $1.25 - $1.08 per month $0.042 - $0.036 per day Original estimate $15 - $17 $1.25 - $1.42 per month $0.042 - $0.047 per day What is the cost to the taxpayer

  23. Candlewood Suites' high-quality accommodation caters to mid-market business and leisure travelers looking for a multiple night hotel stay. 86 room extended stay Hospitality – Candlewood Suites & Richard L. Johnson Education and Meeting Center • Retail along 4th Street • $16 million in private investment • Construction start September of 2008 • No abatement

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