Charting Your Course to a Vibrant Downtown Connecticut Main Street Center Mixed-use/Mixed-Income...

Charting Your Course to a Vibrant Downtown

Connecticut Main Street Center


Mixed-use/Mixed-Income

Development



Connecticut Main Street Center, a statewide nonprofit corporation, is dedicated to

economic and community development within the context of historic preservation.

CMSC is committed to bringing Connecticut’s commercial districts back to life socially and economically by providing

education and training, resources and technical assistance, and advocacy.

MISSION STATEMENT



History of the Decline of Downtowns

Until the 1950’s, America’s downtowns were the center of:

- commerce

- government

- culture

- entertainment



Forces & Trends that Changed the Character of

Downtowns:• Advent of the federal highway system

after WWII• “June Cleaver went to work”• Change in shopping patterns –

downtown stores moved to the suburbs



The National Trust for Historic Preservation

developed the first

Pilot Main Street Program



The Main Street 4-Point Approach

Increases the:• Civic value – through Organization• Economic value – through

Economic Restructuring• Physical value – through Design• Social value – through Promotion



PartnershipsOur Key



Main Street is Community & Economic Development within the context of Historic Preservation.



Benefits of a Main Street Program

Supports one of your community’s largest employers and

taxpayers:

Downtown!



National Main Street Network - 1980National Main Street Network - 1980



National Main Street Network - 2005

Programs Launched To-Date: 1,877!!!

National Main Street Network - 2005

Programs Launched To Date: 1,877!!!



Pendulum of Development is Swinging

• Downtown housing demand will increase

• Supply will not keep up with demand driving prices higher

• Affordable programs must be developed from the beginning



Increasing Demand for Choices

• Losing young adults• 83% of National Realtors’ survey listed

“shorten commute time” as no. 1 criteria for choosing a home

• Growing population wants range of housing types and costs

• 67% of all US households do not have school-age children



Downtown Housing• Downtown residents spend 3 to 4

times what a downtown employees spends

• Residents inject 24/7 life• Market segments vulnerable to

affordability issue are targets for downtown living – young adults, seniors, artists



Downtown Housing

• Current senior housing is isolated forcing people to drive for every need

• Seniors living downtown are healthier from walking more

• Close proximity to jobs, goods and services reduces traffic



Mixed-use Development• Importance of first floor retail• Residential development – retail

follows people• Bringing upper floors to life• Embodies best principles of community

& economic development, smart growth and historic preservation



Mixed-use Development• Promotes density• Multi-modal transportation options• Developing w/existing infrastructure• Developing integrated projects• Need to put all the tools in place



Barriers to Downtown Housing

• Mixed-use development is hard• Land assembly is difficult• Financing gap• Local property owners have no

redevelopment expertise• Density is a dirty word



Declare your Vision -Your Intent



Make the Right Thing Easy• New and/or more friendly codes• Historic tax credits for mixed uses• Streamlined permitting process• TA for mom & pop property owners• Patient capital



www.ctmainstreet.org

Charting Your Course to a Vibrant Downtown Connecticut Main Street Center Mixed-use/Mixed-Income...

Documents

Transcript of Charting Your Course to a Vibrant Downtown Connecticut Main Street Center Mixed-use/Mixed-Income...