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In order to create a real village
center, the DDA
must be a proactive player in the real estate
market and cultivate mutually beneficial
relationships with developers and neighboring
jurisdictions. In light of increasing development
pressure, immediate action to direct the type
and
location of future development and
growth is needed.
The success of the vision put
forth in
this plan is contingent on achieving a
unique mix of uses that are
purposefully knit together in a well
designed and connected urban
environment. This delicate balance
could be easily upset by poor
development and inappropriate land
use choices. As the DDA moves forward with this
plan, it must approach each development as a
vital part of the vision as a whole.
Implementation of this vision will require a
significant commitment from the DDA to provide
ongoing support and participation, and
dedication of time, money, and resources. The
DDA will need to take direct action to correct
decades of piecemeal development.
Intervention in the local real estate market will
be
necessary, by assembling land, relocating
businesses and residents,
mapping and executing
road and utility
extensions, rezoning,
developing new
partnerships with
neighboring jurisdictions,
and working to further
strengthen these
relationships.
The successful implementation
of this plan will
require a comprehensive, coordinated strategy
that includes detailed planning, financing, and
project coordination.
IMPLEMENTATION
STRATEGY OVERVIEW
Partnerships and local commitment are paramount
to making this vision a reality. Multiple players,
a variety of funding sources, and a coordinated
timeline will be necessary. A Development Management
Team should be created to ensure that projects
are correctly timed, maximize public and private
resources, and do not conflict or compete with
other projects. In partnership with the DDA, such
a team will provide the leadership and stability
necessary to bring this plan to fruition.
A framework to attract, direct,
and facilitate
development through strategic marketing, tax
increment financing incentives, and revised
Township regulations is necessary. Regulatory
changes include revisions to the zoning
ordinance, and adoption of additional design
standards.
A detailed development plan
should be
completed for each activity area. This plan will
identify development and marketing strategies,
specific regulatory changes, and public
improvements and investments.
The successful implementation of this plan
will rely heavily on the use of TIF funds to
finance public improvements, assemble land, and
recruit developers. Beyond TIF funds, the DDA
should explore creation of special assessment
districts and state and federal funding
opportunities. Ongoing management and
programming of the district may require the
creation of a business improvement, or principal
shopping district (PSD).
Immediate implementation steps
include:
• Create a Development
Management Team
• Create a regulatory framework for infill
and new development
• Refine design for public improvements:
road improvements and extensions, streetscape,
signage, stormwater management, and recreation
• Pursue funding sources
PROJECT
SEQUENCING
The ultimate sequencing of projects should be
directed by both developer interest and the DDA’s
ability to leverage the highest rate of return
based on existing infrastructure investment. As
developers display interest in a specific land
use, their project should be located in general
conformance with the master plan. The $15 million
of existing increment that is available to kick
off redevelopment should be used to fund public
improvements that will spur the most development
in the shortest amount of time, as immediate and
ongoing infusions of increment will be necessary
to initiate the first steps of implementation
and continue those efforts throughout the district.
Strategic public improvements
will direct private
investment to the most beneficial locations and
will help generate increment for a more constant
flow of debt-service revenue. The primary
development “triggers” are construction
of the
Coleman Road extension and the P4 parking
structure, and streetscape improvements along
Lake Lansing Road, from U.S. 127 to Wood Road.
The Coleman Road extension is critical to the
overall success of the DDA redevelopment vision,
as the densities proposed in this plan will
significantly increase traffic volume on Lake
Lansing Road and the additional outlet of the
northern connection will help alleviate traffic
delays.
The existing infrastructure
investment in Areas A
and B will result in a higher rate of return from
new development in these areas. Additionally,
projects in Areas A and B do not require
extensive property consolidation, site
preparation, or developer negotiations, and could
proceed as a standard Planned Development.
This “low hanging fruit” should be
pursued
concurrently with preparation of the other more
complicated redevelopment areas to encourage
diversified real estate opportunities that will
pull
in new markets and generate increment to fund
the more complex projects.
Increment generated from projects
in Areas A
and B will fund public improvements, or
development triggers, elsewhere in the district.
For example, based on anticipated project
sequencing, this early increment will help fund
public plazas and an enhanced pedestrian
connection to Eastwood in Area C and help
initiate redevelopment of Area E by funding
property acquisition, business relocation, and
public improvements. Ongoing infusions of
increment generated by early phases of
development will fund streetscape enhancements
that will unify existing development in Area D
with that of the greater district, and will support
creation of the Civic Area, Area F, by funding
infrastructure improvements and construction of
public buildings.
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