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The Urban Shift

The Urban Shift. There are several key factors creating the urban shift: Demographic Changes Suburbia losing its appeal Financial Industry Restructuring Global Competitiveness Energy. Block By Block Revitalization.

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The Urban Shift

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  1. The Urban Shift • There are several key factors creating the urban shift: • Demographic Changes • Suburbia losing its appeal • Financial Industry Restructuring • Global Competitiveness • Energy

  2. Block By Block Revitalization Underutilized properties in established but challenged neighborhoods present a significant opportunity for developers Despite economic downturn there is an increased appetite from capital markets for infill projects Built block by block by small to medium-sized developers, infill developments are the catalyst for revitalization and improving the lifestyle of residents

  3. Jobs Follow People The idea that people will go where the jobs are is obsolete Jobs follow people: Create a place and lifestyle that nurtures talent and jobs will follow Technology makes this possible Low-density sprawl is ill fitted to a creative, post-industrial economy Density creates a climate of innovation and progress

  4. The Comeback Kid • The Greater Phoenix area was listed as one of 8 urban areas defined as • ‘comeback kids’ in a recent Urban Land Institute study. Criteria included: • Attract talented workers and new investment • Offer a variety of housing options • Capitalize on natural resources as amenities

  5. The Movement: Fostering an Urban Lifestyle • Integrate education, economic prosperity, recreation and a celebration of Arizona • Retain the region’s young, culturally diverse and well-educated population • Develop an environment friendly to early adopters, innovators and entrepreneurs

  6. Answering the Call • A multi-city urban redevelopment and investment initiative • A stronger, more connected regional urban identity • Intercity partnership and dedicated Board of private and public sector leaders • Entrepreneurial approach to obstacles

  7. The Discovery Triangle The Discovery Triangle connects the area between downtown Phoenix in the west, Tempe and the ASU Tempe campus in the southeast, and Papago Park in the northeast. This 25-square-mile urban core boasts more economic opportunities and amenity-rich, quality-of-life enhancers than any other region in the Southwest.

  8. Making the Case • Where else but the Discovery Triangle can you: • Live near a lake • Work in one of the hundreds of knowledge • companies • Hike and play golf on weekends • Spend the day at a world-class museum • Take your kids to school • Get on a plane to fly to London • All without ever getting in your car?

  9. The Triangle

  10. Example Parcel Spotlight

  11. Development and Redevelopment Opportunities

  12. Transportation Assets

  13. Higher Education

  14. Knowledge Companies

  15. Lifestyle Amenities: Arts & Culture

  16. Lifestyle Amenities: Nature & Recreation

  17. For Sale Property

  18. Zoning

  19. Drive Time: 10-Minutes and 20-Minutes

  20. DTDC Board of Directors Tom Kelly Gene Giovannini Michael Crow Sandy Byra Seth Mones Mindy Korth Ed Fox David Cavazos Charlie Meyer Hyman Sukiennik Randy Nye Judy Bernas Ralph Ketchum 21 21

  21. The Engine: Discovery Triangle Development Corporation (DTDC) Act as the civic entrepreneur Serve as a catalyst for regional collaborations Create and implement a long-term vision with short-term initiatives Advocate for innovation investment Celebrate and promote existing assets and future opportunities  Facilitate and support development/ redevelopment opportunities

  22. DTDC Project Facilitation • Monitor and support legislative proposals • that expand the economic development • toolbox • Advocate for city actions that will • encourage infill, adaptive re-use, • TOD projects • Facilitate creative solutions to financing gap • using all available tools • Project Ombudsman to accelerate action • and assure speed to market

  23. Vision To Reality – Relying on the Experts HEALTH & NATURE Darren Petrucci ENTREPRENEURIAL Kimber Lanning DEVELOPMENT & PLANNINGDarin Sender EDUCATION Pearl Esau NEIGHBORHOOD REVITALIZATION Paul Johnson TRANSPORTATION Marc Soronson JOB CREATION Barry Broome SOCIAL SUSTAINABILITY Debra Friedman PUBLIC POLICY Grady Gammage ARTS AND CULTURE Shelley Cohn SUSTAINABILITY Ed Fox

  24. Get On Board… Stay in Touch • Call and share your ideas • Sara Dial • sara@discoverytriangle.org • Don Keuth • don@phoenixcommunityalliance.com • Sign up on DiscoveryTriangle.org for updates

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