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D Con 13 May 2015
Transcript of BROADWAY BOULEVARD
AN INVESTMENT WITH RETURN
REGIONAL PUBLIC BENEFIT
leveraging private funds
EDUCATION AND WORKFORCE TRAINING
SUSTAINABILITY & CONSERVATION
PREVIOUSLY AUTHORIZED LARGE-SCALE BOND PROJECT FUNDING
IMPACTS ON OPERATING AND MAINTENANCE COSTS
Located in the
Rio Nuevo Tax Increment Financing (TIF) District
Broadway Boulevard (2 miles)
from Euclid to Country Club
Sunshine Mile Historic District
City of Tucson Ward 5 & Ward 6
Pima County District 5
A strategic investment to revitalize Broadway's Sunshine Mile district by leveraging cultural and architectural heritage assets, local enterprises and community pride to build a sustainable revitalization effort.
.5M in economic activity
30 local and national sponsors
2 dozen events, lectures & films
Organized by the Tucson Historic Preservation Foundation
The neighborhoods bordering the district are financially supporting the National Register Nomination
Established in 2013
Over 2 dozen members
Events and programs focusing
on economic development
Gateway to downtown Tucson
Improves the urban core
Cultivate small businesses
Expand the city’s sales tax base
Increase property values
The success of this item has broad implications and significant community return.
District Businesses, Tucson Modernism Week, Sunshine Mile Association, The Broadway Coalition, Tucson Historic Preservation Foundation, Sam Hughes Neighborhood Association, El Encanto Neighborhood Association, Broadmoor/Broadway Village Neighborhood Association, and Rincon Heights Neighborhood Association
Pima Community College, Chase Bank, Herman Miller and Knoll have all supported projects in the district
2 to 1 (bond / private ) Match
2M Bond Facade Program
1M Private Match
.6M Historic Tax Credit
total investment 3.6M
opportunity for on-the-job training and potential partnership with Pima Community College or the University of Arizona
renovation and re-use
built to last
historic-adaptive reuse sustainable models
Capital investments are insured by historic preservation conservation easements and resulting in the direct economic transformation of an important community corridor and local business district.
Develop a "Main Street" Program.
Approach is a proven preservation-based organizing framework that enables communities to
neighborhood business districts and corridors by
local assets - from historic, cultural, and architectural resources to local enterprises and community pride.
Main Street is a proven comprehensive strategy that addresses the variety of issues and problems that challenge traditional commercial districts.
The Sunshine Mile is poised for this program.
Jump start reinvestment in the Sunshine Mile commercial strip - generating
sales tax returns to the TIF - enhance the
east entrance to downtown - and foster a
dynamic retail business district
A façade restoration program that leverages private dollars, and federal tax credits to revitalize this critical commercial corridor and the eastern gateway of Downtown Tucson.
Managed under the Main Street Program