1. A C i
Larry Adams, Jr. AIA, PartnerLarry Adams, Jr. AIA, Partner
Donald Martin AICP, DirectorDonald Martin AICP, Director
Community Economic Growth AdvisorsCommunity Economic Growth Advisors
Aligning Public InvestmentAligning Public Investment
& Economic Strategies& Economic Strategies
withwith
Purpose-Driven DevelopmentPurpose-Driven Development

2. Some 120 Million more peopleSome 120 Million more people
are expected to flood intoare expected to flood into urban mega-regionsurban mega-regions
in the comingin the coming two decades.two decades.
A C i

3. Average is over.Average is over.
We must bring something extra to the table.We must bring something extra to the table.
Need to create valuableNeed to create valuable “cool places”…not projects.“cool places”…not projects.
Reducing public debt & generating income is essential.Reducing public debt & generating income is essential.
The New Economy
Purpose driven….cultivate & grow
A C i
Unsustainable Financial StructureUnsustainable Financial Structure
Commoditization of Real EstateCommoditization of Real Estate
Demographic SeparationDemographic Separation
Planning & Econ Dev DisconnectPlanning & Econ Dev Disconnect
Old EconomyOld Economy

4. A C i
““OOur economyur economy is in the midstis in the midst
of aof a fundamental transitionfundamental transition that wethat we
must get in front ofmust get in front of or be leftor be left
behind.behind.””
April 2, 2013 Emerging Leaders ConferenceApril 2, 2013 Emerging Leaders Conference
EPIC MOMENTEPIC MOMENT

5. A C i
Consumer IncomeConsumer Income == 1989 Levels1989 Levels
JobsJobs == Creative Class Workers Jobs DecreaseCreative Class Workers Jobs Decrease
Health & EducationHealth & Education == Business Models BrokenBusiness Models Broken
InfrastructureInfrastructure == Congestion-Environment-CostCongestion-Environment-Cost
Ad ValoremAd Valorem == Debt vs. TaxesDebt vs. Taxes
Econ Dev Tipping PointsEcon Dev Tipping Points

6. A C i
2012 governing.com
Public Sector Investment ChallengesPublic Sector Investment Challenges
Utilities, et al. in financial crisisUtilities, et al. in financial crisis
$$
$$
Cities, Towns, Counties in financial crisisCities, Towns, Counties in financial crisis
Public DebtPublic Debt

7. A C i
The Great Divide betweenThe Great Divide between
Planning & InvestmentPlanning & Investment
• Old regulatory planning habits don’Old regulatory planning habits don’t workt work
• New economics needed for new demographicsNew economics needed for new demographics
• Too much code not integrated with economicsToo much code not integrated with economics
• Public-led Data vs. Developer-ledPublic-led Data vs. Developer-led
• Public sector must account for ROIPublic sector must account for ROI

8. A C i

9. A C i
DevelopingDeveloping hyper-local assetshyper-local assets usingusing
purpose-driven datapurpose-driven data will yield the nextwill yield the next
decade’sdecade’s economic progress.economic progress.
New Priorities forNew Priorities for
Economic DevelopmentEconomic Development

10. A C i
HIGH LEVELHIGH LEVEL
ASSESSMENTASSESSMENT
FINANCIALFINANCIAL
MODELMODEL
BUILDBUILD
TODAYTODAY
GO-NO GOGO-NO GO
BUILDBUILD
Step 1 Step 2
Public-led Investment Based PlanningPublic-led Investment Based Planning
A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector

11. A C i
HIGH LEVELHIGH LEVEL
ASSESSMENTASSESSMENT
FINANCIALFINANCIAL
MODELMODEL
TODAYTODAY
GO-NO GOGO-NO GO GO-NO GOGO-NO GO
BUILDBUILD
Step 1 Step 2 Step 3 Step 4 Step 5
Public-led Investment Based PlanningPublic-led Investment Based Planning
A purpose driven…cultivate & grow strategy for public sectorA purpose driven…cultivate & grow strategy for public sector
SOFTSOFT
SOLICITATIONSOLICITATION
MASTERMASTER
DEVELOPERDEVELOPER
AGREEMENTAGREEMENT
BUILDBUILDPUBLICPUBLIC
SUPPORTSUPPORT

12. A C i
Investment Based PlanningInvestment Based Planning
Applications & DriversApplications & Drivers
Individual CommunitiesIndividual Communities
Metropolitan AreasMetropolitan Areas
Entire RegionsEntire Regions
MillennialsMillennials
Cool Places vs. ProjectsCool Places vs. Projects
Seamless Speed, ConnectivitySeamless Speed, Connectivity
Transit Oriented DevelopmentTransit Oriented Development
Distributed EducationDistributed Education

13. A C i
Seamless Speed-Connectivity-MobilitySeamless Speed-Connectivity-Mobility
+80 Million Millennials+80 Million Millennials (Gen X, Y, Z)(Gen X, Y, Z)
a live first, work second consumera live first, work second consumer

14. A C i
Transit Oriented DevelopmentTransit Oriented Development
best connected places will winbest connected places will win

15. A C i
Transit Oriented DevelopmentTransit Oriented Development
best connected places will winbest connected places will win

16. A C i
Incredible Investment OpportunityIncredible Investment Opportunity
TTransitransit OOrientedriented EEducationducation

17. A C i
AEROTROPOLISAEROTROPOLIS
New Growth & ConnectivityNew Growth & Connectivity
betweenbetween
Cities & AirportsCities & Airports
“The cities that thrive in the
21st century will be those that
put airports at their centre”…
US academic John Kasarda.
Denver, Miami, Orlando in
New Airport Multi-modal
Transit Development
Incheon International Airport, South KoreaIncheon International Airport, South Korea New Songdo Aerotropolis, South KoreaNew Songdo Aerotropolis, South Korea

18. ACiACi
Investment Based Planning ResultsInvestment Based Planning Results
Cities In-fill Development $ 115M (2012-2013)Cities In-fill Development $ 115M (2012-2013)
Regional Transit Systems $ 200M (2011-2013)Regional Transit Systems $ 200M (2011-2013)
AirportsAirports $ 1B (2012-2017)$ 1B (2012-2017)
Health & EducationHealth & Education $ 120M (2011-2013)$ 120M (2011-2013)
All involve some degree of P3 cooperationAll involve some degree of P3 cooperation
A CA C ii

19. A CA C ii
Public-led Investment Based PlanningPublic-led Investment Based Planning
……the whole is greater than sum of the parts…the whole is greater than sum of the parts…
Hyper-localHyper-local
AssetsAssets
New MarketNew Market
Data/TrendsData/Trends
InputsInputs ProcessProcess YieldYield

20. A C i
ladams@aciarch.comladams@aciarch.com
407 . 740 . 8405407 . 740 . 8405
Investment Based Planning ApplicationsInvestment Based Planning Applications
Next ACi Webinar: 12-12-2013Next ACi Webinar: 12-12-2013