Division Corridor Strategy Final Report Division-Corridor-Strategy-Final-Report | Page 9

This Strategy seeks to recognize public input and aesthe c challenges, and address them by turning the focus to investments through catalyst redevelopment projects. Focus should be on changing the percep on of the Corridor, one project at a me. The goal is to create new investment that will create jobs, provide a mix of land uses, create ameni es, bury or relocate u lity lines, and enhance the overall quality of life. The Strategy targets opportuni es for new infi ll that can build excitement for even more redevelopment and long-term change to the Corridor’s appearance. At this me, the objec ve is not to bury all u lity lines and construct new sidewalks to a ract developers. Those are costly endeavors and poten ally off er nega- ve returns on public investments, an unwise use for public funds. Signifi cant public improvements without associated redevelopment including sidewalks, u lity burial, and new infrastructure could create infl ated land values, further limi ng the ability to assemble parcels and thus poten ally limi ng redevelopment opportuni es. Implementa on is key to the successful development of any planning Strategy. In order to successfully realize the community’s vision set forth in this Strategy, recommenda ons must be priori zed. Strategies should be implemented incrementally as the market warrants or as funding becomes available. The most important implementa on item is to develop the infi ll opportuni es described as the opportuni es recommenda ons and illustrated on the Targeted Development Plan. Phasing for these development opportuni es will be dependent on market condi ons. Implementa on of the recommended programs will require con nuous crea ve partnerships, input and coordina on with the City, stakeholders, UT Arlington, land owners, developers, fi nancial ins tu ons, the Downtown Arlington Management Corpora on (DAMC), Chamber of Commerce. Some public investment by the City will be needed to close the development gap. Division Street Corridor Strategy City of Arlington Specifi c proposed development opportuni es should help capture market poten al and should off er something new to Arlington in the form of a true mixed-use center. This will a ract business develop- ment and help to align the area with the University of Texas at Arlington’s goals to becoming a top er research university. The University’s progress will a ract a younger demographic. The City should strive to create public-private partnerships with research and development fi rms interested in capitalizing on ac vity at UT Arlington. The projects implemented with this Strategy can help provide residen al develop- ment, offi ce space, and quality of life needed to retain talented graduates. A mix of land uses will help meet the community’s goal of crea ng places that people want to live, shop, work, and be entertained. 7