In this presentation you'll get a preview of the public-private funding strategies for RiverFirst. Included are demographic maps of the RiverFirst area, key themes for implementation, findings about perception and approach to implementation, and broad Priority Project funding projections. Donjek Inc. of St. Paul, Minnesota, completed the Finance Strategy research and analysis and prepared these Initial Findings.

1. Funding Strategy: Initial Findings
RiverFirst Steering Committee
May, 2013

2. Scope of RiverFirst
Funding Strategy

3. Funding Strategy: Initial Findings
I. Attributes of RiverFirst Area
II. Interviews and Research
III. Projection of Funding by Source for Projects
IV. Case Studies – Finance and Stewardship

4. Function
– Active Use
– Tandem Development and
Open Space
– Transport
– Urban Heritage
Demonstration
– Conservation
Funding Prospects: Function and Geography
Overlapping Areas
– Central Riverfront
– North Side
– Northeast

5. Mapping of
RiverFirst Area
Attributes

9. Residents of Color as Proportion of Total Population by Census Tract
2006 –– 2010 American Community Survey

14. Current
Design Team
Projects
Approx. $40
million
Priority Projects Identified in
Implementation Framework, Plus
Acquisition and Cleanup
Add: Waterworks Park
Add: Gateway Park
Approx. $235 million
Reconciling the Project Scope

15. Funding Strategy: Initial Findings
I. Attributes of RiverFirst Area
II. Interviews and Research
III. Projection of Funding by Source for Projects
IV. Case Studies – Finance and Stewardship

16. RiverFirst Stakeholder and Funder Interviews
Completed over 35 interviews of Minneapolis and regional
stakeholders
• Representatives of the Business Community
• Prospective Contributors and Champions
• Civic Leaders
• Foundation Program Officers

17. RiverFirst Stakeholder and Funder Interviews
Prominent Themes
• Interest is significant
• Contingent on a unified case with strong position in a
competitive landscape
• Each priority project offers a ““hook”” and basis of interest
• At the same time, the broader RiverFirst narrative is key
• Take advantage of opportunities to demonstrate value now
• Transformative scale is central to the RiverFirst case

18. Funding Strategy: Initial Findings
I. Attributes of RiverFirst Area
II. Interviews and Research
III. Projection of Funding by Source for Projects
IV. Case Studies – Finance and Stewardship

24. Funding Strategy: Initial Findings
I. Attributes of RiverFirst Area
II. Interviews and Research
III. Projection of Funding by Source for Projects
IV. Case Studies – Finance and Stewardship

25. Case Study: Discovery Green

26. Case Study: Millennium Park

27. Case Study: Brooklyn Bridge Park

28. Public Presentation of Funding Strategy Initial Findings
Minneapolis Park and Recreation Board
May 1, 5:00pm
RiverFirst Steering Committee
May 2, 7:30-9:00am
Commissioner Open House: RiverFirst
May 2, 11:00am
Public Open House
May 2, 6:00-8:00pm
All events at MPRB Headquarters

29. Questions / Contact Information
Jon Commers
Donjek, Inc.
Ph. (651) 645-4644
commers@donjek.com
Steve Devereux
Devereux Development Consulting, LLC
Adam Moore
Moore Sustainable Planning
Scherer Site