SlideShare a Scribd company logo
1 of 26
Financing TOD and Infill Supportive
      Infrastructure Action Team
           February 26, 2013




Partnering with the
Private Sector and
Anchor Institutions
Cleveland’s BRT
Awarded
2004
Started in
2005
Opened
2008
Cost $200
million
             Named the “Healthline” by
             Cleveland Clinic (Naming Rights)
The Healthline
9.38 miles
36 stations
Travel time from 40 to 28 minutes
Pedestrian Friendly with bike lanes
Landscape/hardscape treatment
• 1,500 trees with irrigation
• Plantings in center island planters along
  medians
Integrated/stand alone public art
“Rail Like” Characteristics
 Higher Travel Speeds
 • Exclusive Right-of-way
 • Traffic Signal Priortization
 Level Boarding “Stations”
 Off Board Fare Collections
 Real-Time Information
A Closer look along
Cleveland’s TOD
 Downtown and University Circle are at either
 end. Within 3 blocks of the transit line we
 have:
   Health Care & Health Technology
   Incubators
   Lots of Vacant land- including Brownfields,
   Vacant multi-story brick obsolete
   warehouses
   Two Universities and a Community College
   From 2.8 million riders in ‘08 to over 4.5
   million in 2011
The Health Tech Corridor-
Before
The Problem Statement
We have 2 Major Employment Areas that
are strong and thriving- surrounded by
weaker areas
 How do we connect the two areas and
 connect residents to employment?
 Once we have the transit connection, how
 do we EXPAND these strong areas,
 attracting new businesses?
 How can we keep incubated businesses in
 the City after they graduate so we can
 capture their growth?
The Health Tech Corridor
                            University
                              Circle
                           Institutions
                              in the
                           foreground
                               and
                           Downtown
                              in the
                           background
Health Tech Corridor-
Anchors
Who do we bring to the
table?
                         Colleges and
                         Universities
                         Chambers
                         Hospitals
                         Incubators
                         Community
                         Dev’t Corps
                         State & Local
                         Gov’ts
                         Business
                         Organizations
But- While you are Working
on New Partners..
Get Busy! Land Values along transit
generally increase
Example: A 6.2 acre used car lot bought in
1984 for $35,000
Transit announcement: 2005 $75,000
Transit opens: 2008- speculator $110,000
Developer acquires for larger project
$276,000
Land Value 2012 $1.08 million (for 6.2
acres per County appraiser)
At First….
 It’s a SMALL Group
 Not Everyone joins the party
 Not everyone believes BRT will be
 successful
 Not everyone believes that Transit
 Oriented Development Can Happen in the
 “Corridor”
 Hmmm- we need some data from
 someone who people will believe
The Study
In 2010, several organizations funded
MidTown Cleveland to hire Angelou
Economics to develop an economic
development strategy for the Cleveland
Health Technology Corridor.
Funders: Midtown, Inc; Cleveland
Foundation, City of Cleveland, Port
Authority
Cost: $120,000
Some of the Goals
Promote the HTC and Greater Cleveland’s position
as a leading biomedical center.
Create a single point of contact for the corridor
Develop real estate options to meet industry
requirements in every stage of growth
Leverage existing and create new development
financing options
Strengthening the connections between the HTC
and the Port’s International Trade District
Ensure that the region is attracting, retaining, and
producing individuals with the skills needed to meet
future health and technology needs
Now We Have a Plan
The initial partners were already working
Supporting existing businesses      Planning & Zoning
Brownfield Assessments              Code enforcement
Brownfield Clean-up                 Land Acquisition
We have a big announcement on the plan
   CDC’s Annual Meeting
   Q & A with Crain’s Cleveland Business
   Press Releases and News Coverage
Next: Selling it to more funders/partners
Next Steps
 More Partners join the table
 Health Tech Corridor meetings are more formal
 and more regular
 Working off the “Plan”
 •   There’s   a workforce piece
 •   There’s   an education piece
 •   There’s   a marketing piece
 •   There’s   a staffing piece
 •   There’s   a funding piece
 How will we pay for these items?
 • The State, Anchor Partners, Foundations,
   re-align existing resources
Happy Accidents
Both the Health Tech Corridor (HTC) and
The Greater University Circle Initiative
(GUCI) apply for Living Cities
Several partners staff both initiatives
(GUCI and HTC have similar geographies)
Cross population- new members for both
efforts
Now we are creating jobs AND working to
improve the economic well-being of the
surrounding neighborhoods
Can the Corridor Support
Differing Initiatives?
 Maintaining the partnership takes work
 Not everyone has the same vision- many
 private agendas
 Example- Permanent Supportive Housing
 on the Corridor
 •   Midtown Cleveland, Inc. against
 •   Businesses against
 •   Developers against
 •   Non-Profit community believes it is crucial
 Even Senior Housing was opposed
Success Brings More
Partners
 Celebrate the successes
 Tour people through your project- help
 them see “what’s next”
 Engage the business community- even if
 they are across town
 Use your partners to bring the press to
 the table- editorial board?
 Once people see the project succeeding,
 they are interested in participating – even
 the naysayers
New Investment Spurred
by BRT Health Line
Pierre’s Expansion
  Build on what you have….




6200 Euclid Avenue- Expansion of an Ice
Cream Making Company already in the corridor
Uptown - Mixed Use
Case Western’s College Town
                        Phase I
                        complete
                        •66,000 sf
                        retail
                        •102
                        Apartments
                        •$44.5 m
                        project cost
                        •Phase II
                        closing Dec
                        2012
Midtown Technology Center
                     128,000 sf post
                     incubator space

                     New home of
                     Jumpstart,
                     Cleveland Heart
                     Lab and
                     Chamberlain
                     School of
                     Nursing
7000 Euclid

•   48,000 square feet
•   Office/technology
•   LEED Building
•   Free parking
•   On the Health-line
    for easy access to
    institutions
•   University Hospitals
    and Veterans
    Administration
    have taken space
Opinions Change…..
City of Cleveland
Tracey Nichols
Director
Dept. of Economic Development
(216) 664-3611
tnichols2@city.cleveland.oh.us

More Related Content

Viewers also liked

Bases para dos plazas Agente Cuerpo Policía Local (2013)
Bases para dos plazas Agente Cuerpo Policía Local (2013)Bases para dos plazas Agente Cuerpo Policía Local (2013)
Bases para dos plazas Agente Cuerpo Policía Local (2013)Ayuntamiento del Valle de Mena
 
Programa electoral municipales_2011_2ªParte
Programa electoral municipales_2011_2ªPartePrograma electoral municipales_2011_2ªParte
Programa electoral municipales_2011_2ªPartepptorres
 
カップル専用SNSアプリのランキングとニュースまとめ一覧
カップル専用SNSアプリのランキングとニュースまとめ一覧カップル専用SNSアプリのランキングとニュースまとめ一覧
カップル専用SNSアプリのランキングとニュースまとめ一覧新潟コンサルタント横田秀珠
 
Untitled Presentation
Untitled PresentationUntitled Presentation
Untitled Presentationbtehaney
 
Executing the Design
Executing the DesignExecuting the Design
Executing the Designbtehaney
 
C++による数値解析の並列化手法
C++による数値解析の並列化手法C++による数値解析の並列化手法
C++による数値解析の並列化手法dc1394
 
Blochの定理の証明
Blochの定理の証明Blochの定理の証明
Blochの定理の証明dc1394
 
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...Andrea Rossi
 
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...Andrea Rossi
 
Physiology CH 15 lecture notes
Physiology CH 15 lecture notesPhysiology CH 15 lecture notes
Physiology CH 15 lecture notesbfurlong
 
関西インフラ勉強会 スライド
関西インフラ勉強会 スライド関西インフラ勉強会 スライド
関西インフラ勉強会 スライドanubis_369
 
Photosynthesis and Respiration
Photosynthesis and RespirationPhotosynthesis and Respiration
Photosynthesis and Respirationcomputer7guy
 
リーン開発の本質 公開用
リーン開発の本質 公開用リーン開発の本質 公開用
リーン開発の本質 公開用ESM SEC
 
Chapter 13 Endocrine System
Chapter 13   Endocrine SystemChapter 13   Endocrine System
Chapter 13 Endocrine Systemsgossett5757
 

Viewers also liked (18)

Taraea rev francesa prof. linares
Taraea rev francesa prof. linaresTaraea rev francesa prof. linares
Taraea rev francesa prof. linares
 
Transformadores de medida
Transformadores de medidaTransformadores de medida
Transformadores de medida
 
Bases para dos plazas Agente Cuerpo Policía Local (2013)
Bases para dos plazas Agente Cuerpo Policía Local (2013)Bases para dos plazas Agente Cuerpo Policía Local (2013)
Bases para dos plazas Agente Cuerpo Policía Local (2013)
 
Programa electoral municipales_2011_2ªParte
Programa electoral municipales_2011_2ªPartePrograma electoral municipales_2011_2ªParte
Programa electoral municipales_2011_2ªParte
 
カップル専用SNSアプリのランキングとニュースまとめ一覧
カップル専用SNSアプリのランキングとニュースまとめ一覧カップル専用SNSアプリのランキングとニュースまとめ一覧
カップル専用SNSアプリのランキングとニュースまとめ一覧
 
How To Find Deliverance Ministry Help When It's Not Local
How To Find Deliverance Ministry Help When It's Not LocalHow To Find Deliverance Ministry Help When It's Not Local
How To Find Deliverance Ministry Help When It's Not Local
 
Sistemas de información.
Sistemas de información.Sistemas de información.
Sistemas de información.
 
Untitled Presentation
Untitled PresentationUntitled Presentation
Untitled Presentation
 
Executing the Design
Executing the DesignExecuting the Design
Executing the Design
 
C++による数値解析の並列化手法
C++による数値解析の並列化手法C++による数値解析の並列化手法
C++による数値解析の並列化手法
 
Blochの定理の証明
Blochの定理の証明Blochの定理の証明
Blochの定理の証明
 
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...
Valutazione dei portali turistici nazionali ed internazionali: focus sui soci...
 
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...
La profilazione dinamica per l'innovazione delle esperienze turistiche e per ...
 
Physiology CH 15 lecture notes
Physiology CH 15 lecture notesPhysiology CH 15 lecture notes
Physiology CH 15 lecture notes
 
関西インフラ勉強会 スライド
関西インフラ勉強会 スライド関西インフラ勉強会 スライド
関西インフラ勉強会 スライド
 
Photosynthesis and Respiration
Photosynthesis and RespirationPhotosynthesis and Respiration
Photosynthesis and Respiration
 
リーン開発の本質 公開用
リーン開発の本質 公開用リーン開発の本質 公開用
リーン開発の本質 公開用
 
Chapter 13 Endocrine System
Chapter 13   Endocrine SystemChapter 13   Endocrine System
Chapter 13 Endocrine System
 

Similar to Partnering with the Private Sector and Anchor Institutions

ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...CleEconomicDevelopment
 
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...CleEconomicDevelopment
 
Iact matt nemerson presentation
Iact matt nemerson presentationIact matt nemerson presentation
Iact matt nemerson presentationdouglaslyon
 
Zermatt summit t shapes 20131205 v1
Zermatt summit t shapes 20131205 v1Zermatt summit t shapes 20131205 v1
Zermatt summit t shapes 20131205 v1ISSIP
 
Innovation Management - A capsuled presentation on Innovation for students
Innovation Management - A capsuled presentation on Innovation for studentsInnovation Management - A capsuled presentation on Innovation for students
Innovation Management - A capsuled presentation on Innovation for studentsSuren Mathur
 
Ninigrit - Job Creation Summit 2017
Ninigrit - Job Creation Summit 2017Ninigrit - Job Creation Summit 2017
Ninigrit - Job Creation Summit 2017Colleen LaRose
 
Digital Technology Supercluster Associate Information
Digital Technology Supercluster Associate InformationDigital Technology Supercluster Associate Information
Digital Technology Supercluster Associate InformationFrancesca McDowell
 
04 - US Ignite OneCommunity Greater Cleveland Ohio
04 - US Ignite OneCommunity Greater Cleveland Ohio04 - US Ignite OneCommunity Greater Cleveland Ohio
04 - US Ignite OneCommunity Greater Cleveland OhioUS-Ignite
 
Innovation in Phoenix: City on the Rise - Dominic Papa
Innovation in Phoenix: City on the Rise - Dominic PapaInnovation in Phoenix: City on the Rise - Dominic Papa
Innovation in Phoenix: City on the Rise - Dominic PapaUS-Ignite
 
AZiDP: Arizona Institute for Digital Progress by Dominic Papa
AZiDP: Arizona Institute for Digital Progress by Dominic PapaAZiDP: Arizona Institute for Digital Progress by Dominic Papa
AZiDP: Arizona Institute for Digital Progress by Dominic PapaGigabit City Summit
 
Entrepreneurship: Global Transformation Engine
Entrepreneurship: Global Transformation EngineEntrepreneurship: Global Transformation Engine
Entrepreneurship: Global Transformation EngineDonna Harris
 
Levin Presentation: Economic Development Policy Class
Levin Presentation: Economic Development Policy ClassLevin Presentation: Economic Development Policy Class
Levin Presentation: Economic Development Policy ClassCleEconomicDevelopment
 
Quantum computing nyc ecosystem q3 2018
Quantum computing   nyc ecosystem q3 2018Quantum computing   nyc ecosystem q3 2018
Quantum computing nyc ecosystem q3 2018Estrapadus, LLC
 
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019Amit Sheth
 
How the new Initiatives will Shape the Future of the IT Industry_.pdf
How the new Initiatives will Shape the Future of the IT Industry_.pdfHow the new Initiatives will Shape the Future of the IT Industry_.pdf
How the new Initiatives will Shape the Future of the IT Industry_.pdfAnil
 
Chris Day, VP Strategy & Performance - AstraZeneca
Chris Day, VP Strategy & Performance - AstraZenecaChris Day, VP Strategy & Performance - AstraZeneca
Chris Day, VP Strategy & Performance - AstraZenecaGlobal Business Intelligence
 
Discovery-Driven Digital Transformation - clark boyd 2021
Discovery-Driven Digital Transformation - clark boyd 2021Discovery-Driven Digital Transformation - clark boyd 2021
Discovery-Driven Digital Transformation - clark boyd 2021Clark Boyd
 
Alan Brown - Digital Transformation Lessons for Practitioners
Alan Brown - Digital Transformation Lessons for PractitionersAlan Brown - Digital Transformation Lessons for Practitioners
Alan Brown - Digital Transformation Lessons for PractitionersScrumDayLondon
 

Similar to Partnering with the Private Sector and Anchor Institutions (20)

ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...
ITDP South Africa- Financing TOD: Partnering with the Private Sector and Anch...
 
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...
National Brownfields Conference 2013- "Corridor Answers for Transit Oriented ...
 
Iact matt nemerson presentation
Iact matt nemerson presentationIact matt nemerson presentation
Iact matt nemerson presentation
 
Zermatt summit t shapes 20131205 v1
Zermatt summit t shapes 20131205 v1Zermatt summit t shapes 20131205 v1
Zermatt summit t shapes 20131205 v1
 
Innovation Management - A capsuled presentation on Innovation for students
Innovation Management - A capsuled presentation on Innovation for studentsInnovation Management - A capsuled presentation on Innovation for students
Innovation Management - A capsuled presentation on Innovation for students
 
Ninigrit - Job Creation Summit 2017
Ninigrit - Job Creation Summit 2017Ninigrit - Job Creation Summit 2017
Ninigrit - Job Creation Summit 2017
 
SURGE Accelerator Overview
SURGE Accelerator Overview SURGE Accelerator Overview
SURGE Accelerator Overview
 
Digital Technology Supercluster Associate Information
Digital Technology Supercluster Associate InformationDigital Technology Supercluster Associate Information
Digital Technology Supercluster Associate Information
 
04 - US Ignite OneCommunity Greater Cleveland Ohio
04 - US Ignite OneCommunity Greater Cleveland Ohio04 - US Ignite OneCommunity Greater Cleveland Ohio
04 - US Ignite OneCommunity Greater Cleveland Ohio
 
Innovation in Phoenix: City on the Rise - Dominic Papa
Innovation in Phoenix: City on the Rise - Dominic PapaInnovation in Phoenix: City on the Rise - Dominic Papa
Innovation in Phoenix: City on the Rise - Dominic Papa
 
AZiDP: Arizona Institute for Digital Progress by Dominic Papa
AZiDP: Arizona Institute for Digital Progress by Dominic PapaAZiDP: Arizona Institute for Digital Progress by Dominic Papa
AZiDP: Arizona Institute for Digital Progress by Dominic Papa
 
Entrepreneurship: Global Transformation Engine
Entrepreneurship: Global Transformation EngineEntrepreneurship: Global Transformation Engine
Entrepreneurship: Global Transformation Engine
 
Levin Presentation: Economic Development Policy Class
Levin Presentation: Economic Development Policy ClassLevin Presentation: Economic Development Policy Class
Levin Presentation: Economic Development Policy Class
 
Quantum computing nyc ecosystem q3 2018
Quantum computing   nyc ecosystem q3 2018Quantum computing   nyc ecosystem q3 2018
Quantum computing nyc ecosystem q3 2018
 
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019
Leadership talk: Artificial Intelligence Institute at UofSC Feb 2019
 
Regional Economic Development Initiative 2015
Regional Economic Development Initiative 2015Regional Economic Development Initiative 2015
Regional Economic Development Initiative 2015
 
How the new Initiatives will Shape the Future of the IT Industry_.pdf
How the new Initiatives will Shape the Future of the IT Industry_.pdfHow the new Initiatives will Shape the Future of the IT Industry_.pdf
How the new Initiatives will Shape the Future of the IT Industry_.pdf
 
Chris Day, VP Strategy & Performance - AstraZeneca
Chris Day, VP Strategy & Performance - AstraZenecaChris Day, VP Strategy & Performance - AstraZeneca
Chris Day, VP Strategy & Performance - AstraZeneca
 
Discovery-Driven Digital Transformation - clark boyd 2021
Discovery-Driven Digital Transformation - clark boyd 2021Discovery-Driven Digital Transformation - clark boyd 2021
Discovery-Driven Digital Transformation - clark boyd 2021
 
Alan Brown - Digital Transformation Lessons for Practitioners
Alan Brown - Digital Transformation Lessons for PractitionersAlan Brown - Digital Transformation Lessons for Practitioners
Alan Brown - Digital Transformation Lessons for Practitioners
 

More from CleEconomicDevelopment

ITDP South Africa- Health-Tech Corridor- Angelou Economics Study
ITDP South Africa- Health-Tech Corridor- Angelou Economics StudyITDP South Africa- Health-Tech Corridor- Angelou Economics Study
ITDP South Africa- Health-Tech Corridor- Angelou Economics StudyCleEconomicDevelopment
 
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...CleEconomicDevelopment
 
ITDP South Africa- Cleveland HealthLine Tour Guide
ITDP South Africa- Cleveland HealthLine Tour GuideITDP South Africa- Cleveland HealthLine Tour Guide
ITDP South Africa- Cleveland HealthLine Tour GuideCleEconomicDevelopment
 
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...CleEconomicDevelopment
 
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...CleEconomicDevelopment
 
Big Ideas for Small Business: NERA Cleveland Final Presentation- short version
Big Ideas for Small Business: NERA Cleveland Final Presentation- short versionBig Ideas for Small Business: NERA Cleveland Final Presentation- short version
Big Ideas for Small Business: NERA Cleveland Final Presentation- short versionCleEconomicDevelopment
 
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11 Big Ideas for Small Business: Food Truck- Ordinance No. 210-11
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11 CleEconomicDevelopment
 
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...CleEconomicDevelopment
 
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...CleEconomicDevelopment
 
Big Ideas for Small Business: Greater University Circle Small Business Study-...
Big Ideas for Small Business: Greater University Circle Small Business Study-...Big Ideas for Small Business: Greater University Circle Small Business Study-...
Big Ideas for Small Business: Greater University Circle Small Business Study-...CleEconomicDevelopment
 
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...CleEconomicDevelopment
 
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013CleEconomicDevelopment
 
Big Ideas for Small Business: Urban Agriculture/Gardening for Greenbacks
Big Ideas for Small Business: Urban Agriculture/Gardening for GreenbacksBig Ideas for Small Business: Urban Agriculture/Gardening for Greenbacks
Big Ideas for Small Business: Urban Agriculture/Gardening for GreenbacksCleEconomicDevelopment
 
Big Ideas for Small Business: Food Truck Flow Chart
Big Ideas for Small Business: Food Truck Flow ChartBig Ideas for Small Business: Food Truck Flow Chart
Big Ideas for Small Business: Food Truck Flow ChartCleEconomicDevelopment
 
Big Ideas for Small Business: ECDI Flyer
Big Ideas for Small Business: ECDI FlyerBig Ideas for Small Business: ECDI Flyer
Big Ideas for Small Business: ECDI FlyerCleEconomicDevelopment
 
Big Ideas for Small Business: Health-Tech Corridor Fact Sheet
Big Ideas for Small Business: Health-Tech Corridor Fact SheetBig Ideas for Small Business: Health-Tech Corridor Fact Sheet
Big Ideas for Small Business: Health-Tech Corridor Fact SheetCleEconomicDevelopment
 
Big Ideas for Small Business: CBA presentation to CDC 9.19.13
Big Ideas for Small Business: CBA presentation to CDC 9.19.13Big Ideas for Small Business: CBA presentation to CDC 9.19.13
Big Ideas for Small Business: CBA presentation to CDC 9.19.13CleEconomicDevelopment
 
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity CleEconomicDevelopment
 
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...CleEconomicDevelopment
 
Big Ideas for Small Business: OEO 187 CAB Notice to Bidders
Big Ideas for Small Business: OEO 187 CAB Notice to BiddersBig Ideas for Small Business: OEO 187 CAB Notice to Bidders
Big Ideas for Small Business: OEO 187 CAB Notice to BiddersCleEconomicDevelopment
 

More from CleEconomicDevelopment (20)

ITDP South Africa- Health-Tech Corridor- Angelou Economics Study
ITDP South Africa- Health-Tech Corridor- Angelou Economics StudyITDP South Africa- Health-Tech Corridor- Angelou Economics Study
ITDP South Africa- Health-Tech Corridor- Angelou Economics Study
 
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...
IEDC Philadelphia- Invigorating Your Community through Local Ownership- Everg...
 
ITDP South Africa- Cleveland HealthLine Tour Guide
ITDP South Africa- Cleveland HealthLine Tour GuideITDP South Africa- Cleveland HealthLine Tour Guide
ITDP South Africa- Cleveland HealthLine Tour Guide
 
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...
Big Ideas for Small Business: Signed Memorandum of Understanding- Community B...
 
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...
Big Ideas for Small Business: Codified Ordinance, Chapter 188 Fannie Mae Lewi...
 
Big Ideas for Small Business: NERA Cleveland Final Presentation- short version
Big Ideas for Small Business: NERA Cleveland Final Presentation- short versionBig Ideas for Small Business: NERA Cleveland Final Presentation- short version
Big Ideas for Small Business: NERA Cleveland Final Presentation- short version
 
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11 Big Ideas for Small Business: Food Truck- Ordinance No. 210-11
Big Ideas for Small Business: Food Truck- Ordinance No. 210-11
 
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
 
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
Big Ideas for Small Business: Food Truck- Executive Summary for City Council ...
 
Big Ideas for Small Business: Greater University Circle Small Business Study-...
Big Ideas for Small Business: Greater University Circle Small Business Study-...Big Ideas for Small Business: Greater University Circle Small Business Study-...
Big Ideas for Small Business: Greater University Circle Small Business Study-...
 
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...
Big Ideas for Small Business: Neighborhood Retail Assistance Program (NRAP) B...
 
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013
Big Ideas for Small Business: Gardening for Greenbacks Brochure 2013
 
Big Ideas for Small Business: Urban Agriculture/Gardening for Greenbacks
Big Ideas for Small Business: Urban Agriculture/Gardening for GreenbacksBig Ideas for Small Business: Urban Agriculture/Gardening for Greenbacks
Big Ideas for Small Business: Urban Agriculture/Gardening for Greenbacks
 
Big Ideas for Small Business: Food Truck Flow Chart
Big Ideas for Small Business: Food Truck Flow ChartBig Ideas for Small Business: Food Truck Flow Chart
Big Ideas for Small Business: Food Truck Flow Chart
 
Big Ideas for Small Business: ECDI Flyer
Big Ideas for Small Business: ECDI FlyerBig Ideas for Small Business: ECDI Flyer
Big Ideas for Small Business: ECDI Flyer
 
Big Ideas for Small Business: Health-Tech Corridor Fact Sheet
Big Ideas for Small Business: Health-Tech Corridor Fact SheetBig Ideas for Small Business: Health-Tech Corridor Fact Sheet
Big Ideas for Small Business: Health-Tech Corridor Fact Sheet
 
Big Ideas for Small Business: CBA presentation to CDC 9.19.13
Big Ideas for Small Business: CBA presentation to CDC 9.19.13Big Ideas for Small Business: CBA presentation to CDC 9.19.13
Big Ideas for Small Business: CBA presentation to CDC 9.19.13
 
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity
Big Ideas for Small Business: Resources for City of Cleveland Equal Opportunity
 
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...
Big Ideas for Small Business. Office of Equal Opportunity Mission. Purpose. P...
 
Big Ideas for Small Business: OEO 187 CAB Notice to Bidders
Big Ideas for Small Business: OEO 187 CAB Notice to BiddersBig Ideas for Small Business: OEO 187 CAB Notice to Bidders
Big Ideas for Small Business: OEO 187 CAB Notice to Bidders
 

Partnering with the Private Sector and Anchor Institutions

  • 1. Financing TOD and Infill Supportive Infrastructure Action Team February 26, 2013 Partnering with the Private Sector and Anchor Institutions
  • 2. Cleveland’s BRT Awarded 2004 Started in 2005 Opened 2008 Cost $200 million Named the “Healthline” by Cleveland Clinic (Naming Rights)
  • 3. The Healthline 9.38 miles 36 stations Travel time from 40 to 28 minutes Pedestrian Friendly with bike lanes Landscape/hardscape treatment • 1,500 trees with irrigation • Plantings in center island planters along medians Integrated/stand alone public art
  • 4. “Rail Like” Characteristics Higher Travel Speeds • Exclusive Right-of-way • Traffic Signal Priortization Level Boarding “Stations” Off Board Fare Collections Real-Time Information
  • 5. A Closer look along Cleveland’s TOD Downtown and University Circle are at either end. Within 3 blocks of the transit line we have: Health Care & Health Technology Incubators Lots of Vacant land- including Brownfields, Vacant multi-story brick obsolete warehouses Two Universities and a Community College From 2.8 million riders in ‘08 to over 4.5 million in 2011
  • 6. The Health Tech Corridor- Before
  • 7. The Problem Statement We have 2 Major Employment Areas that are strong and thriving- surrounded by weaker areas How do we connect the two areas and connect residents to employment? Once we have the transit connection, how do we EXPAND these strong areas, attracting new businesses? How can we keep incubated businesses in the City after they graduate so we can capture their growth?
  • 8. The Health Tech Corridor University Circle Institutions in the foreground and Downtown in the background
  • 10. Who do we bring to the table? Colleges and Universities Chambers Hospitals Incubators Community Dev’t Corps State & Local Gov’ts Business Organizations
  • 11. But- While you are Working on New Partners.. Get Busy! Land Values along transit generally increase Example: A 6.2 acre used car lot bought in 1984 for $35,000 Transit announcement: 2005 $75,000 Transit opens: 2008- speculator $110,000 Developer acquires for larger project $276,000 Land Value 2012 $1.08 million (for 6.2 acres per County appraiser)
  • 12. At First…. It’s a SMALL Group Not Everyone joins the party Not everyone believes BRT will be successful Not everyone believes that Transit Oriented Development Can Happen in the “Corridor” Hmmm- we need some data from someone who people will believe
  • 13. The Study In 2010, several organizations funded MidTown Cleveland to hire Angelou Economics to develop an economic development strategy for the Cleveland Health Technology Corridor. Funders: Midtown, Inc; Cleveland Foundation, City of Cleveland, Port Authority Cost: $120,000
  • 14. Some of the Goals Promote the HTC and Greater Cleveland’s position as a leading biomedical center. Create a single point of contact for the corridor Develop real estate options to meet industry requirements in every stage of growth Leverage existing and create new development financing options Strengthening the connections between the HTC and the Port’s International Trade District Ensure that the region is attracting, retaining, and producing individuals with the skills needed to meet future health and technology needs
  • 15. Now We Have a Plan The initial partners were already working Supporting existing businesses Planning & Zoning Brownfield Assessments Code enforcement Brownfield Clean-up Land Acquisition We have a big announcement on the plan CDC’s Annual Meeting Q & A with Crain’s Cleveland Business Press Releases and News Coverage Next: Selling it to more funders/partners
  • 16. Next Steps More Partners join the table Health Tech Corridor meetings are more formal and more regular Working off the “Plan” • There’s a workforce piece • There’s an education piece • There’s a marketing piece • There’s a staffing piece • There’s a funding piece How will we pay for these items? • The State, Anchor Partners, Foundations, re-align existing resources
  • 17. Happy Accidents Both the Health Tech Corridor (HTC) and The Greater University Circle Initiative (GUCI) apply for Living Cities Several partners staff both initiatives (GUCI and HTC have similar geographies) Cross population- new members for both efforts Now we are creating jobs AND working to improve the economic well-being of the surrounding neighborhoods
  • 18. Can the Corridor Support Differing Initiatives? Maintaining the partnership takes work Not everyone has the same vision- many private agendas Example- Permanent Supportive Housing on the Corridor • Midtown Cleveland, Inc. against • Businesses against • Developers against • Non-Profit community believes it is crucial Even Senior Housing was opposed
  • 19. Success Brings More Partners Celebrate the successes Tour people through your project- help them see “what’s next” Engage the business community- even if they are across town Use your partners to bring the press to the table- editorial board? Once people see the project succeeding, they are interested in participating – even the naysayers
  • 20. New Investment Spurred by BRT Health Line
  • 21. Pierre’s Expansion Build on what you have…. 6200 Euclid Avenue- Expansion of an Ice Cream Making Company already in the corridor
  • 22. Uptown - Mixed Use Case Western’s College Town Phase I complete •66,000 sf retail •102 Apartments •$44.5 m project cost •Phase II closing Dec 2012
  • 23. Midtown Technology Center 128,000 sf post incubator space New home of Jumpstart, Cleveland Heart Lab and Chamberlain School of Nursing
  • 24. 7000 Euclid • 48,000 square feet • Office/technology • LEED Building • Free parking • On the Health-line for easy access to institutions • University Hospitals and Veterans Administration have taken space
  • 26. City of Cleveland Tracey Nichols Director Dept. of Economic Development (216) 664-3611 tnichols2@city.cleveland.oh.us