Download - Downtown Revitalization/Public Goods PowerPoint Presentation

8/13/2019 Downtown Revitalization/Public Goods PowerPoint Presentation

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Public Goods &Downtown Revitalization

Matt Buchanan

MUP Candidate, May 2014

Photos courtesy of Dave Burk (left); Emily Behlmann, Wichita Business Journal (right)


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Objectives

Identify characteristics of public goods as it pertainsto downtown revitalization

Classify goods for public and private characteristicsthat impact downtown communities

Compare private and public demand

Explore provision of downtown public goods

Illustrate why public goods make downtowns

successful


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Topeka

KCLawrence

St. JosephSt. Joseph, Missouri

2011 Estimated Pop: 77,185

Where the Pony Express started

and Jesse James ended.

U.S. Census Bureau, St. Joseph Convention & Visitors Bureau


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St. Joseph in 1952 http://www.youtube.com/watch?v=X-GwnHj9rcI
http://www.youtube.com/watch?v=X-GwnHj9rcIhttp://www.youtube.com/watch?v=X-GwnHj9rcIhttp://www.youtube.com/watch?v=X-GwnHj9rcIhttp://www.youtube.com/watch?v=X-GwnHj9rcI


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St. Joe Today

Photo taken by Matt Buchanan


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St. Joe Today



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St. Joe Today



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St. Joe Today



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St. Joe Today

Google Maps


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Classification of Downtown Goods

Exclusive Nonexclusive

Rival

Pure Private GoodsHousingPrivate ClubsHotel Rooms

Limited ParkingLimited TaxisBooked-up hotelsBooked-up restaurants

Non-Rival RestaurantsStreet foodBars/NightclubsTheatersShoppingPublic Transportation

Pure Public GoodsPedestrian amenities

Walkable streetsStreet furnitureLandscaping & Fountains

Live Music/Street PerformersWindow-shoppingArt & CultureArchitectureHistory & EducationActivity

What kinds of goods make a downtown successful?

Steinemann, Anne C. (2011)Microeconomics for Public Decisions. Public Goods. Pg. 224.


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Retail Space

$8/sq. ft./mo.

Market Demand for Private Production$8/sq. ft./mo.

2,000 Sq. Ft. 4,000 Sq. Ft.

6,000 Sq. Ft.

Acme T-Shirt Shop Urban Outfitters

HorizontalSummation


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Street Festival

Live Music

Art

Free Food

Prizes

$6/yr.

Market Demand for Public Production$8/yr.

4 Festivals 4 Festivals

4 Festivals

Prof. Dunning Thomas Fritzel

VerticalSummation


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Public Good Provision

What downtown goods and services should beprovided by the public sector?

Consumers value public goods differently

Photos courtesy of the City of St. Joseph (left), St. Joseph News-Press (right)


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Public Good Provision Proposed Downtown St. Joseph Redevelopment

Pushed by City officials, unpopular with many downtown stakeholders

Photos courtesy of the City of St. Joseph


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Public Good Provision Boutique Hotel 130 Rooms

Holiday Inn Expansion 50 Rooms New Convention Center 35,550 Square Feet Convention Center Garage 300 Spaces Hotel/Garage 525 Spaces Edmond/5th Street Garage 250 Spaces Retail 23,000 Square Feet Restaruant 120,000 Square Feet Office 45,000 Square Feet Rental 130 Units Affordable Income 60 Units Market Rate 254 Units

Streetscape 1.5 Miles

PHASE I COST: $175 Million over 10 years

Casino 48,000 Square Feet

Casino Hotel 200 Rooms Arena 5,000 Seats

PHASE II COST: ???



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Public Good Provision Affordable Housing Assistance Program

Brownfield Tax Credits

Community Development Block Grants(CDBG)

Community Improvement District (CID) Contribution for Tax Credits

DNRGrants Management Section

Establishment of an Enhanced EnterpriseZone

HERO Home Repair Program

Low Income Housing Tax Credits

MIDOC Loan Program/Revolving LoanFund

Missouri Arts Council

Missouri Division of Tourism

MoDOT/TFF Neighborhood Assistance Program (NAP)

Rebuilding Communities Development TaxCredits

State & Federal Historic Tax Credits

Transportation Development District (TDD)

Tax Increment Financing (TIF)

Proposed Funding Sources



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Majority Voting Inefficiencies

Hotel/Motel Tax Approved in 2011 by 58% of voters

Hotel/Motel Owners Opposed

Downtown Business Owners Opposed

Downtown Revitalization Proponents Opposed Majority of residents who are unfamiliar with

downtown support the tax

http://www.newstribune.com/news/2011/jun/08/st-joseph-residents-approve-hotel-tax/
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Photos taken by Matt Buchanan, Lura Landis


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