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2005-2010 Economic Development Strategy - PowerPoint PPT Presentation


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2007 City Council Update. 2005-2010 Economic Development Strategy. City Council ED Committee. “CHAIR”. Neal Andrews. Ed Summers. Bill Fulton. Objectives. High Value, High Wage Jobs Diversify Local Economy Increase Tax Base Continue Prosperity. A FOCUSED STRATEGY

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Presentation Transcript
slide1

2007

City Council

Update

2005-2010

Economic Development Strategy

city council ed committee
City Council ED Committee

“CHAIR”

Neal Andrews

Ed Summers

Bill Fulton

objectives
Objectives

High Value, High Wage Jobs

Diversify Local Economy

Increase Tax Base

Continue Prosperity

slide4

A FOCUSED STRATEGY

A five-year work program with

accountability and tangible results

ADOPTED APRIL 2005

focus areas
Focus Areas

Auto Center

McGrath Property

Westside

Upper North Ave.

Downtown

The Future

slide7

Auto Center

Enhance revenue and maintain parity.

Create a regional retail destination.

slide8

Auto Center: Status Report

FY 2006-07

FY 2007-08

  • Jaguar/Land Rover
  • Bunnin GMC/Buick/Pontiac
  • Banner Program
  • Olivas Park Drive Extension
  • Big Sign
  • Employee Parking
  • Retailers
slide9

Auto Center

Big Sign

Toyota Expansion

Employee Parking

Camping World

Retail

Olivas Park Drive

slide11

McGrath Property

Site development

Value added industry, mixed-use, etc.

slide12

McGrath Property: Status Report

FY 2006-07

FY 2007-08

  • Development Team
  • Preliminary Planning
  • Specific Plan/Guidelines
  • Annexation
  • Business Attraction
slide13

Westside

Revitalization tools

Development opportunities

slide14

Westside: Status Report

FY 2006-07

FY 2007-08

  • Westside ED Strategy
  • Redevelopment?
  • Community Plan
slide15

Upper North Avenue

Brooks Institute expansion

Employment village

slide16

Upper North Avenue: Status Report

FY 2006-07

FY 2007-08

  • Complete ED Strategy
  • Private Charette
  • Redevelopment?
  • Community Plan
  • Annexation
village at crooked palm
Village at Crooked Palm
  • Brooks Expansion – 320,000 sf
  • Village Center – Boutique Hotel, Theater, Commercial
  • Santa Ventura Studio
  • Hollywood West – 320 Condos, 80 single family homes
  • USA Petroleum – 350 residential units
slide18

Downtown

Economic vitality

Vibrant 24/7 downtown

slide19

Downtown: Status Report

FY 2006-07

FY 2007-08

  • Parking Management Plan
  • Facilitate Projects
    • WAV
    • B of A, 42 Chestnut
    • Cultural Village
  • Freeway Cap/Pierside Plaza
  • Downtown Ventura Org.
  • Retail/Office Strategy
  • Wi-Fi
slide20

‘The Future’

Prepare for the New Economy

Continued Prosperity

slide21

‘The Future’: Status Report

FY 2006-07

FY 2007-08

  • High-Tech Cluster Development
    • Job Investment Fund (JIF)
    • Business Incubator
  • Citywide Retail
    • Pacific View Mall - North
  • Site Selector Website
  • Job Investment Fund (JIF)
  • Business Incubator
slide22

Our sleeves are rolled:

On to FY 2007 - 2008