Breadth of Strength and Experience

Urban Planning

Urban Design

Sense of Place

Understanding Mixed-Use Synergies

Historic Preservation

Public/Private Partnerships

Real Estate Development Experience

Real Estate Economics/Finance

Phased Mixed-Use District Development

Tax Increment Financing (TIF)

Tax Credit Expertise

Market-Driven Downtown Planning

• More than just pretty pictures/project wish lists• An understanding of the realities of the downtown

development market infuses our work from the very beginning; not to inhibit our vision, but to make sure that it is a viable and feasible one

• The result is a market-driven plan AND specific implementable programs and development projects that can begin to take shape immediately.

• An initial set of catalytic development projects

Catalytic Development Projects• Projects that can jump-start the vision• Projects that can both accommodate existing unmet

market demand AND induce new market demand• Projects that can serve as anchors for a downtown

district and spur additional development; new downtown “destinations.”

• Projects of a size and scale that can be implemented under current economic conditions and show initial, early success

• Projects that help “brand” the new downtown Laredo

Example: Owensboro, Kentucky

- Downtown Owensboro Strategy: completed November 2008

- Gateway Planning, CityVisions, TKX

Results: One Year Later

-raised 60M in public funds

Projects underway:

- Riverfront Park- 27 acre waterfront acquisition- Downtown Public Market Square- Two way Street conversion- Streetscape Program- Downtown Convention Hotel (private w/NMTC)- Downtown Convention Center- Downtown Arts Academy-- Downtown Arts District- Arts District residential Historic Rehab (HTC/NMTC)- Historic District Residential Rehab (private)- Waterfront new residential development (private)- New utility HG Building (private)

Owensboro Arts and Cultural District

• Unique new mixed-use “District” with arts focus residential potential

• Induce additional retail and residential demand

• Mix of historic rehabilitation and contemporary new units

• Feeds off adjacency of RiverPark Center and waterfront revitalization

• Has potential for critical mass

Catalytic Projects: Louisville

• West Main Street• Louisville Slugger Museum• Waterfront Park• Fourth Street Live• 21C Hotel• Glassworks Lofts• Henry Clay Building

West Main Street

“One of the great streets in America”- American Planning Association 2008

West Main Street

Initial Public Investment $ 7.5 million

Initial Public/Private Partnership $ 20 million

Total Investment to Date $200 million

Louisville Slugger Museum

Waterfront Park

Top Ten Urban Parks in AmericaUrban Land Institute

Fourth Street Live!

2005 Urban Land InstituteAward for Excellence

Fourth Street Live! Phase II

21C Hotel, Louisville, KY. “Best US Hotel – 2009” – Conde Nast

The Louisville Glassworks Lofts at the old Snead Manufacturing Building

The Louisville Glassworks Lofts

Living in Louisville’s Downtown

The Louisville Glassworks Lofts

Working in Louisville’s Downtown

The Louisville Glassworks Lofts

Playing in Louisville’s Downtown

The Jazz Factory

Roof Top Deck

Hot Shop & Glass working

Glass Gallery & Gift Shop

T H E H E N R Y C L A Y

T H E H E N R Y C L A Y

T H E

H E N R Y C L A Y

T H E H E N R Y C L A Y

LIVING

AT T H E H E N R Y C L A Y

Financing and Capital: Public and Private

Downtown Housing Fund

Best Revolving Loan FundCDFA

Downtown Achievement Award IDA

Downtown Housing 1985-2003: 230 units(prior to Downtown Housing Fund)

Downtown Housing 2003-2009 1,800 units(since Downtown Housing Fund)

New Markets Tax Credits2009 Allocations• Texas Only• Texas Community Development Capital Corp

$75,000,000 Texas Mezzanine Fund, Inc. $25,000,000

• Texas Included $ 815,000,000

Richardson-Olmsted ComplexBuffalo, New York

Richardson-Olmsted ComplexBuffalo, New York

Master Development: A Mix of Uses

Master Development