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Green Space and Development: A Natural Pair

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Green Space and Development: A Natural Pair

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    1. Green Space and Development: A Natural Pair ULI Houston District Council May 25, 2006

    2. “We need more green space and more parks in order to create a better city with a better quality-of-life.” - Gerald Hines

    3. Transformative Investments are multi-dimensional efforts that remake the urban physical landscape to stimulate economic growth, improve fiscal vitality, and advance social equity. - Brookings Institution

    4. Sabine-to-Bagby Segment (Template) Houston Downtown Park (Finite)

    5. 1894 -1929: City Beautiful Movement Houston’s economy explodes with Spindletop and the inland migration from Galveston after the hurricane of 1900. As Houston prospers, civic leaders initiate great parks and the Houston Ship Channel. River Oaks develops along Buffalo Bayou near Memorial Park; Rice University, Museum of Fine Arts, Texas Medical Center are all founded around Hermann Park

    6. 1930 – 1945: Depression and War Houston’s focus is on economic survival and the war effort. Park and green space development is largely a product of Depression-era government agencies.

    7. 1945 – 1995: Unbridled Growth Houston turns its back on its most important natural features and is focused is on economics rather than aesthetics. “The Age of Concrete” – Freeway system emerges, bayous are channelized by the Army Corps of Engineers, flood control areas are designated as parks Developers, recognizing the lack of land use controls and green space, build huge parks in tandem with master-planned communities

    8. 1995 – 2025: City Beautiful… and Exciting! Realization that parks are critical to economic development – and quality-of-life. Houston looks to improve waterways (i.e. - Buffalo Bayou, Brays Bayou) for aesthetic and financial reasons. Tropical Storm Allison did $6 billion in damage – much of it in our most important economic districts. New Downtown Park announcement a sign of new priorities.

    9. The Vision Houston has a vision – and Master Plans. www.houstontx.gov/parks/masterplan www.buffalobayou.org

    10. PARKS MAKE MONEY

    11. Value Creation Millennium Park – Chicago, IL 24-acre, $450 million downtown park Real estate value and property tax base increase – $1.4+ billion of value nets approximately $45 million annually on the adjacent real estate market. Attract new businesses and enhance existing businesses - $1.8+ billion economic benefit over the next ten years for surrounding hotels, restaurants, and retailers. Tourist attraction – Annual visitation of 3+ million, adding significant revenue for Chicago businesses over the next ten years (approximately $2.25 billion)

    12. Value Creation Millennium Park – Chicago, IL 24-acre, $450 million downtown park “A much more enhanced and perhaps more important benefit of Millennium Park is its effect on the self-esteem of the residents of the Chicago region. They now have another destination for friends and visitors for which the almost universal response is pleasure and joy… and it is free.” - Greater Philadelphia Regional Review

    13. Buffalo Bayou Master Plan – Sabine-to-Bagby Segment $15 million waterway improvement and downtown park A comprehensive project of the: Buffalo Bayou Partnership City of Houston Harris County Flood Control District TXDOT

    33. “Open space is the defining characteristic signifying the extent to which a city values all its residents” - Consensus: ULI World Cities

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