New York Avenue Corridor Strategy Adopted Report New York Avenue Corridor Strategy Adopted Report | Page 96

IMPLEMENTATION
CONCLUSION
Many urban centers, corridors, and established
neighborhoods that have undergone publicly-ini-
tiated revitalization initiatives are emerging as
regional destinations in cities throughout the na-
tion. In virtually every success story, redevelop-
ment and new development within these areas
has been the result of a holistic approach involv-
ing nurturing and growing each diverse segment
of the economy, eliminating barriers to invest-
ment, and marketing positive changes through
an overall image of vitality. This experience has
proven that as varied as the markets are with-
in these community centers, so too are the re-
quired solutions. Communities can no longer
rely on a single economic engine to propel their
future nor can these challenging environments
rely on a single project or initiative. Multiple ef-
forts are required, including projects, programs
and policies, all designed to “ready the environ-
ment for investment” and make the public sector
an effective partner.
investment. Ultimately, the City of Arlington, its
Council, Planning and Zoning Commission, staff
and citizenry will have to support a final course
of action for change. The information presented
here is designed to provide a range of actions for
consideration and sound decision-making. Ulti-
mately success will depend on:
• Promotion of market opportunities
• Removal of physical and perceived
barriers
• Education (public, property owners,
developers, lenders, regulators and
consumers)
• Equalization of economic risk vs. re-
turn
• Public-private solutions
• Project support and encouragement
Revitalization of urban corridors has proven to
be a good idea for the following reasons:
• Enhances quality-of-life
• Provides public places
• Sustains the marketplace
• Captures local dollars
• Recaptures commerce
• Protects property values
• Creates an identity
The New York Avenue Corridor Strategy provides
a roadmap to move the City’s and stakeholders’
vision towards reality and to ensure that rede-
velopment of the area be accomplished in a way
that balances private investment objectives with
community sustainability. The series of actions
/ strategies summarized herein will capitalize on
market opportunities and overcome barriers to
ARLINGTON, TEXAS
88