Downtown Idea Exchange — Web Extras
September 1, 2021
TIF remains popular, but beware the pitfalls — Tax-increment financing (TIF) is a common tool for cities to fund economic development. City leaders assume that TIF will spur new development, increase property values, and create new tax revenue that would not have existed otherwise. Read more from David Merriman on Tax Increment Financing.
...Five strategies downtowns are using to come back from the pandemic — the wave of downtown initiatives reinforces the resilience of downtowns, not to mention the crucial importance of city centers in communities everywhere. • The Rosslyn Business Improvement District in Arlington, VA, set up an outdoor office area. Watch the video below: https://www.youtube.com/watch?v=A-CpxXnefU8&t=9s • Many downtown organizations are developing programs that focus specifically on providing support for black-owned and other minority-owned small businesses. See Building on Recovery for Urban Place Management from the International Downtown Association and Stantec. ...
In California’s Stanislaus County, the Relief Across Downtown (RAD) gift card program is working to put more money in consumers’ hands and help local businesses get back on their feet. The RAD Card is a digital gift card which may be used at participating downtown businesses. And it offers a real incentive to spend money…
As part of a redevelopment of their downtowns, two mid-sized cities are making an unusual move: They’re giving up the traditional model of a city-owned parcel housing City Hall. Instead, the cities are spurring downtown redevelopment projects by partnering with private developers. In the process, they’re moving city administrative offices into mixed-use developments. The cities…
The federal government is directing hundreds of billions of dollars to states and cities, a windfall that has downtown leaders nationwide positioning themselves to get much needed funds. In March, President Joe Biden signed the American Rescue Plan (ARP) into law. The initiative calls for $1.9 trillion in economic stimulus, including an infusion of $350…
New Orleans’ French Quarter was once the rare entertainment district that allowed revelers to drink while they strolled public streets. However, many small cities not known as party towns are getting in on the act. City officials and downtown leaders see the new wave of public consumption districts as a way to draw visitors back…
The owner of 15 South Avenue in downtown New Canaan, CT, is seeking permission to convert second floor commercial space to residential. For years, both floors in the small building have been retail. Because of the low demand for retail space in the city center, the owner would like develop a one bedroom apartment. Many…
For a quarter-century, the Downtown Improvement District (DID) in Reading, PA, managed the city’s declining urban core. The DID’s ambassadors picked up trash, and the organization hosted summer concerts, a holiday parade, and other events. However, Reading never experienced a true downtown renaissance, and questions about the DID’s effectiveness festered. Those doubts came to a…
Following the lead of similar successful projects, Kuna, ID, will launch its own retail market village in June. The village will consist of 12 small shops in re-purposed garden sheds. The sheds will surround a central green space with room for food trucks and small gatherings. Lisa Holland, the city’s economic development director, says that…
A new breed of business could lead a wave of downtown revitalization. Niche manufacturers — think craft jewelers, makers of small-batch lotions and cosmetics, and microbrewers — are a growing, but often overlooked, segment of the post-pandemic economy, says Ilana Preuss, founder of consulting firm Recast City. "There is this hidden economic engine in every…