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City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE

City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE. www.ashevillenc.gov. THE APPROACH:. Align partners around three goals: Vibrant mixed-use neighborhoods Downtown vitality Robust job growth. THE STRATEGY: RIVER REDEVELOPMENT. Plan of Work:

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City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE

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  1. City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE www.ashevillenc.gov

  2. THE APPROACH: • Align partners around three goals: • Vibrant mixed-use neighborhoods • Downtown vitality • Robust job growth

  3. THE STRATEGY: RIVER REDEVELOPMENT • Plan of Work: • Riverside Drive Redevelopment Plan • RADTIP Transportation and Greenspace • Coordinated Infrastructure Improvements • Job growth in creative sector, others • East of the Riverway Initiative • Align strategic partners around three key goals • Neighborhood vitality • Vibrant Central City • Robust job growth

  4. THE STRATEGY: DOWNTOWN VITALITY • Plan of Work: • South Slope Redevelopment Plan • BID Service District • Infrastructure Improvements • US Cellular Center Renovations Phase II • Festival & Special Event Recommendations

  5. TOOLS: • Quality city services • Capital investment • Incentives • Citizen engagement • Tax structure • Arts, culture & special events • Real estate asset management • Adaptive reuse & new construction • Community planning • Synthetic TIF • Form-based Code • Recreation & open space

  6. RESOURCES: • Revolving fund that reinvests revenues from possible sources including: • City and County property tax base (Synthetic TIF) • Land sale and lease proceeds • Retired economic development incentives • General Fund and Enterprise Fund contributions • Leveraged public investments (DOT/HUD/EPA, CDBG, HTF)

  7. THE STRATEGY: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT

  8. THE STRATEGY: RIVER REDEVELOPMENT - RADTIP

  9. RETURN ON INVESTMENT: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT

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