Planning for Economic & Fiscal Health in the 21 st century
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1 Planning for Economic & Fiscal Health in the 21 st century John Robert Smith Chris Zimmerman Atmore, Alabama February 19, 2019
2 Who is Smart Growth America? Smart Growth America envisions a country where no matter where you live, or who you are, you can enjoy living in a place that is healthy, prosperous, and resilient. We empower communities through technical assistance, advocacy, and thought leadership to realize our vision of livable places, healthy people, and shared prosperity.
3 What is smart growth about? Shaping the quality of the place and the lives of the people who live there. and it s not new!
4 Ancient Pompeii Pompeii Street Grid The ways we plan our cities Patterns of development Image source:
5 Traditional town plan Mixed-use Compact Buildings of several stories Blocks with multiple building types Street grid Courtesy of Alex MacLean, Landslides
6 Atmore 1941 Source: Alabama Department of Archives and History
7 Downtown Atmore
8 Main Street in the 1960s c Downtown Atmore Image sources:
9 Industrial Commercial Then came zoning... Residential Euclidean zoning Fragmented land use Drive-only Courtesy of Walter Kulash, Glatting Jackson Kercher Anglin Lopez Rinehart. Civic (School) 9
10 ... and the automobile... (and the interstate highway program, and new federal programs for homebuilding, and new rules for capital depreciation... ) 10
11 We built highways, expanded them... Lovell Road and I years ago Image: Bridgett Massengill, Greater Chattanooga Regional Growth Initiative (Thrive 2055)
12 ... and economic development followed. Lovell Road and I-40 today Image: Bridgett Massengill, Greater Chattanooga Regional Growth Initiative (Thrive 2055)
13 13
14 Prime retail location (late 20 th century) Walmart Supercenter, an archetypal big box store, in Madison Heights, 14 Virginia. (from Wikipedia entry for Big-box store )
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17 Photo of rural New Jersey by Alex MacLean
18 Prime Residential location (late 20 th century) 18
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20 Suddenly, things are different THE DEMOGRAPHIC AND ECONOMIC FUNDAMENTALS HAVE SHIFTED
21 Demographic Change
22 Boomers are a different kind of Senior Citizen 22
23 Adulthood II Boomers not ready for the rocking chair Today s retiree can live past 90 These additional 31 years of expected life have not been just tacked on at the end... Today s 65-year-olds are starting new careers or continuing old ones, traveling around the world, and eloping with new loves, in a stage of life we are calling Adulthood II. - cultural anthropologist Mary Catherine Bateson, quoted in ULI report
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25 Boomers and housing Boomers are downsizing
26 Millennials are different: Your children and grandchildren 26
27 Millennials They follow lifestyle, not jobs. Millennials choose where to live before finding a job. Of all college-educated 25- to 34-year-olds 64% looked for a job after they chose the city where they wanted to live. (U.S. Census)
28 Preferences: Transportation
29 Preferences: Housing 47% 12% 40%
30 Preferences: Housing Erwin, Tennessee Conway, Arkansas Bardstown, Kentucky Atmore, Alabama Jonesborough, Tennessee Bardstown, KY: C. Bedford Crenshaw, Jonesborough, TN: User brent_nashville on flickr Rifle, CO: User jasperdo on flickr Rifle, Colorado 40%
31 We ve got the wrong housing stock for the 21 st century
32 Occupied Housing Demand-Supply Mismatch 2015 Source: Arthur C. Nelson, University of Arizona.
33 Economic Development Industrial Site: The grand prize of the 20 th century Image source: Escambia County Historical Society 33
34 Economic growth 20 th century vs. 21 st century From tools and spools to eds and meds * Chasing Manufacturing smokestacks economy vs. Chasing vs. Knowledge talent economy
35 The 21 st Century Economy Manufacturing is changing Smaller part of our economy Its nature has changed
36 The 21 st Century Economy Creativity, knowledge, innovation Importance of networking, interaction Demand for skilled workers Talent is replacing the tax incentive as the No. 1 economic-development tool in America. Mark Wilson, president and CEO Florida Chamber of Commerce Quoted in Palm Beach Post, June 9, 2016
37 Download the report at
38
39 Conway, AR Chamber of Commerce
40 There is a price/value premium for walkable places 2016 study ranks the top 30 US metropolitan areas in walkability Key finding: Average is 74% over their drivable suburban competition. 40
41 There is a price/value premium for walkable places (residential) Applies to residential real estate - Above-average walkability: $4,000 to $34,000 more in home sales price Sources: Walking the Walk by Joseph Cortwright, CEOs for Cities and The Walkability Premium in Commercial Real Estate Investments by Gary Pivo and Jeffrey Fisher
42 There is a price/value premium for walkable places (commercial) Applies to commercial real estate - Greater walkability: 1% to 9% increase in commercial property value depending on type; also higher incomes and lower capitalization rates Sources: Walking the Walk by Joseph Cortwright, CEOs for Cities and The Walkability Premium in Commercial Real Estate Investments by Gary Pivo and Jeffrey Fisher
43 Traditional Main Streets are back Credit: clariontoday.com
44 Communities are now in a ferocious competition over place (whether they know it or not) Erwin, Tennessee
45 Sense of place? Not so competitive in the 21 st century
46 Sense of place?
47 Sense of place!
48 Sense of place?
49 Sense of place!
50 Taking the Long View Source: Steve Price, Urban Advantage
51 Taking the Long View Source: Steve Price, Urban Advantage
52 Taking the Long View Source: Steve Price, Urban Advantage
53 Taking the Long View Source: Steve Price, Urban Advantage
54 Taking the Long View Source: Steve Price, Urban Advantage
55 Taking the Long View Source: Steve Price, Urban Advantage
56 Taking the Long View Source: Steve Price, Urban Advantage
57 Meridian, MS
58 It s all about location
59 It s all about location
60 It s all about location
61 Your Identity is Key In any public project you need to know: Who you were in the past Who you are now And who you aspire to be
62 Who You Were in the Past Meridian, with its depots, store-houses, arsenal, hospitals, offices, hotels, and cantonments no longer exists. General Sherman February, 1864
63 Who You Were in the Past
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65
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67 Meridian s Union Station
68 Who You Are Now
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70
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72 Who You Aspire to Be
73 David Barr
74 Union Station at Completion Annually, Union Station hosts 250 events and 300,000 people
75 Union Station Development Results Private development of $165 million in surrounding area New life for historic structures
76 (photo credits: City of Meridian) Restored City Hall
77 (photo credits: The Meridian Star) Restored City Hall
78 Restored City Hall
79 (photo credits: The Meridian Star) Restored City Hall
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82 Image source:
83 Image source:
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85 World Class Performances
86
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88 Mississippi Arts and Entertainment Experience
89 Mississippi Arts and Entertainment Experience
90 Mississippi Arts and Entertainment Experience
91 Mississippi Children s Museum - Meridian
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98 It Is Critical to Engage Future Generations
99 Thank you. For more information: John Robert Smith Chris Zimmerman Atmore, Alabama February 19, 2019
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