New York Avenue Corridor Strategy Adopted Report New York Avenue Corridor Strategy Adopted Report | Page 150

APPENDIX
Barrier Category*
Strategy
Near-Term Mid-Term
(< 24
(3 to 5
Months)
Years)
Action Public Sector
Role Participating
Groups Resources
Needed Meet with City officials to share discussions with
private interests related to financial challenges
associated with redevelopment in the Study Area
in an effort to preemptively prepare them for
future discussions regarding public participation in
catalyzing initiatives. Policy Maker,
Financier Economic
Development, City
Management Staff Time,
Consultant Time
(Optional) x
Financier Economic
Development,
Department, City
Management Consultant Time
(Fee for Services or
Pro Bono) x
Policy Maker,
Financier Economic
Development,
Department, City
Management Staff Time x
Financial
Based on preliminary
analyses of financial
feasibility associated with
Establish policies that support co-mingling
catalyzing
public resources (i.e., library funds, senior
developments, no one
center / recreation center funds, CIP, CDBG).
resource was sufficient to
fill the identified
economic "gaps."
Perception / belief by
stakeholders, officials,
others that the public
sector should allow the
market to act on its own
without intervention -- the
fact that it will by going
somewhere else or
develop in a way
inconsistent with the
vision.
Share the “gap” analyses prepared as part of
this planning process with elected and
appointment officials so that they understand
contributing factors and the impact of select
resources.
Bring in advisors to explain the various
components of economic feasibility and prepare
officials for the potential magnitude of economic
"gaps", resources that in combination could be
used to fill them and the community's return on
investment were they to elect to participate.
Meet with City officials to share discussions with
private interests related to financial challenges
Establish public commitments to use many of
associated with redevelopment in the Study Area
the financial and policy resources identified in
in an effort to preemptively prepare them for
the “gap” analysis process.
future discussions regarding public participation in
catalyzing initiatives.
Long-
Term
(5 to 10
Years)
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