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City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE

City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE. www.ashevillenc.gov. THE APPROACH:. Align partners around three goals: Vibrant mixed-use neighborhoods Downtown vitality Robust job growth. THE STRATEGY: RIVER REDEVELOPMENT. Plan of Work:

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City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE

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  1. City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE www.ashevillenc.gov
  2. THE APPROACH: Align partners around three goals: Vibrant mixed-use neighborhoods Downtown vitality Robust job growth
  3. THE STRATEGY: RIVER REDEVELOPMENT Plan of Work: Riverside Drive Redevelopment Plan RADTIP Transportation and Greenspace Coordinated Infrastructure Improvements Job growth in creative sector, others East of the Riverway Initiative Align strategic partners around three key goals Neighborhood vitality Vibrant Central City Robust job growth
  4. THE STRATEGY: DOWNTOWN VITALITY Plan of Work: South Slope Redevelopment Plan BID Service District Infrastructure Improvements US Cellular Center Renovations Phase II Festival & Special Event Recommendations
  5. TOOLS: Quality city services Capital investment Incentives Citizen engagement Tax structure Arts, culture & special events Real estate asset management Adaptive reuse & new construction Community planning Synthetic TIF Form-based Code Recreation & open space
  6. RESOURCES: Revolving fund that reinvests revenues from possible sources including: City and County property tax base (Synthetic TIF) Land sale and lease proceeds Retired economic development incentives General Fund and Enterprise Fund contributions Leveraged public investments (DOT/HUD/EPA, CDBG, HTF)
  7. THE STRATEGY: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT
  8. THE STRATEGY: RIVER REDEVELOPMENT - RADTIP
  9. RETURN ON INVESTMENT: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT
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