Finance Strategy: Initial Findings (May 2013)
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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.
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Finance Strategy: Initial Findings (May 2013)
- 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
- 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