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$7,150,000

$400

$850

$5,875

...while improving our quality of life.

Improve our bottom line....

$2,750

$900

$0

$96

Round 4

1 project, $4,000

Round 3

2 projects, $1,000 each

Round 2

5 projects, $400 each

Round 1

20 Projects, $100 each

Neighborhood Challenge

28 projects

20 leaders

1 new attitude

www.strongtowns.org | @strongtowns

The Project Development Process

+

Let's get it moving and have a conversation.

It is not going to cost us anything.

only because, and only when, they are created by everybody."

I always listen to my constituents.

If it is for safety, we have to do it.

"The impetus was a state fire marshal demand that the airport improve its water capacity by April 2016."

It will create jobs.

"Cities have the capability of providing something for everybody,

There is a lot of room for development.

Jane Jacobs, The Death and Life of Great American Cities

Option 3

A Funded Project

(dumbest)

Option 2

(dumber)

Option 1

(dumb)

Reinventing the Project Development Process

How to make high return investments by learning from the public.

Charles L. Marohn, Jr. PE AICP

$204 million

in subsidies

ORDERLY but DUMB

Innovation that happens from

the TOP DOWN tends to be...

CHAOTIC but SMART

Innovation that happens from

the BOTTOM UP tends to be...

$15+ Million in investment

50% Increase in rents

25 new businesses

29 property build/renovations

17 blighted properties reclaimed

A prudent, low risk public investment strategy.....

....supports incremental private investment.

$1,104,500

95%

$618,500

Low Risk, Steady Returns

5%

High Risk, High Return

Local Government Growth Portfolio

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