Ayres Knowledge Center INDentrification Via Placemaking | Page 7

These animations have the ability to attract initial building investors who grasp the vision and take the plunge into restoration, while eventually sparking the interest of business owners who might wish to locate within the project. Paired with the environmental studies initiated with the EPA Brownfields Program, communities have significant tools at their disposal to affect positive change. Yet financing public improvements in these INDentrification areas can remain a challenge. Similar to private sector investors, public leaders require similar encouragement to make decisions that are innovative in supporting redevelopment. Often, this support comes in the form of public infrastructure and placemaking that enables private reinvestment to thrive. In the case of Cheyenne’s West Edge District, the overall vision developed with the assistance of the EPA Brownfields Program included a four-pronged approach to economic revitalization based on placemaking and public safety enhancements. By mitigating brownfields and addressing urban storm drainage concerns, the City has the opportunity to create meaningful park amenities that motivate reinvestment. Linkage of these four components is best illustrated in the “project compass” that guided the effort. Connecting different silos of community development projects helped to develop a strong support for the revitalization effort within the community. This strong vision also enabled the City to successfully secure grants for different elements of the program from diverse funding sources, including the Federal Emergency Management Agency and the U.S. Economic Development Administration. Figure 7 - The Project Compass was created to clearly explain the interrelated goals of the West Edge project. Two centerpiece elements of public placemaking provide the backbone of public spaces to generate an investment-ready environment. The first public feature would convert a sparingly-used public parking lot into a detention pond to address regional flood control as well as provide surface enhancements which create an amphitheatre and passive recreation space. Blending the functionality of purposes enables a broader set of outcomes to benefit the City’s residents while also making the adjacent depressed properties more desirable locations for revitalization. The Civic Commons, as the area is referred to, has the 7 | Page