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2005-2010 Economic Development Strategy

2007 City Council Update. 2005-2010 Economic Development Strategy. City Council ED Committee. “CHAIR”. Neal Andrews. Ed Summers. Bill Fulton. Objectives. High Value, High Wage Jobs Diversify Local Economy Increase Tax Base Continue Prosperity. A FOCUSED STRATEGY

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2005-2010 Economic Development Strategy

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  1. 2007 City Council Update 2005-2010 Economic Development Strategy

  2. City Council ED Committee “CHAIR” Neal Andrews Ed Summers Bill Fulton

  3. Objectives High Value, High Wage Jobs Diversify Local Economy Increase Tax Base Continue Prosperity

  4. A FOCUSED STRATEGY A five-year work program with accountability and tangible results ADOPTED APRIL 2005

  5. WHAT?HOW?

  6. Focus Areas Auto Center McGrath Property Westside Upper North Ave. Downtown The Future

  7. Auto Center Enhance revenue and maintain parity. Create a regional retail destination.

  8. Auto Center: Status Report FY 2006-07 FY 2007-08 • Jaguar/Land Rover • Bunnin GMC/Buick/Pontiac • Banner Program • Olivas Park Drive Extension • Big Sign • Employee Parking • Retailers

  9. Auto Center Big Sign Toyota Expansion Employee Parking Camping World Retail Olivas Park Drive

  10. McGrath Property Site development Value added industry, mixed-use, etc.

  11. McGrath Property: Status Report FY 2006-07 FY 2007-08 • Development Team • Preliminary Planning • Specific Plan/Guidelines • Annexation • Business Attraction

  12. Westside Revitalization tools Development opportunities

  13. Westside: Status Report FY 2006-07 FY 2007-08 • Westside ED Strategy • Redevelopment? • Community Plan

  14. Upper North Avenue Brooks Institute expansion Employment village

  15. Upper North Avenue: Status Report FY 2006-07 FY 2007-08 • Complete ED Strategy • Private Charette • Redevelopment? • Community Plan • Annexation

  16. Village at Crooked Palm • Brooks Expansion – 320,000 sf • Village Center – Boutique Hotel, Theater, Commercial • Santa Ventura Studio • Hollywood West – 320 Condos, 80 single family homes • USA Petroleum – 350 residential units

  17. Downtown Economic vitality Vibrant 24/7 downtown

  18. Downtown: Status Report FY 2006-07 FY 2007-08 • Parking Management Plan • Facilitate Projects • WAV • B of A, 42 Chestnut • Cultural Village • Freeway Cap/Pierside Plaza • Downtown Ventura Org. • Retail/Office Strategy • Wi-Fi

  19. ‘The Future’ Prepare for the New Economy Continued Prosperity

  20. ‘The Future’: Status Report FY 2006-07 FY 2007-08 • High-Tech Cluster Development • Job Investment Fund (JIF) • Business Incubator • Citywide Retail • Pacific View Mall - North • Site Selector Website • Job Investment Fund (JIF) • Business Incubator

  21. Our sleeves are rolled: On to FY 2007 - 2008

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