Olive Blvd Urban Land Institute - Technical Advisory Program Final Report

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ULI-St. Louis Technical Assistance Panel Recommendations I-170/Olive Blvd. Joint Redevelopment Task Force ComparisonOlivetteUniversity City 7,737 (+4% from 2000)35,371 (-5.5% from 2000) 2010 Census St. Louis County 998,954, -1.7% from 2000 Ladue schools, mostly Loop, eclectic, diverse, Appeal residentialWashington University Pool city; shares with other pool Point-of-sale city; keeps sales Sales Tax Structure cities in the county on a per- tax generated within its borders capita basis Sales Tax Grows With Retail salesPopulation growth I-170 and Olive Both cities regard the interchange as a gateway Reordering the Questions The more the Panel members considered the preferred uses (see th vbp) rkabo qeb ofdeq `lkafqflkp ¥ tef`e fp ^ _fd `^sb^q ¥ j^kv ` those conditions rst, then view the preferred uses through that lens. The right development, would mean the cities would need to set up a framew bufpq) pljbqefkd ql ^qqo^`q ^ka fk`bkqfsfwb i^ka rpb fk qeb pq cl`rpba qeb M^kbi$p afp`rppflk+ 2. What can the municipalities do to attract and incentivize t Create a framework for change. 3. What are the bene ts, obstacles and drawbacks of working together? 1. Are the preferred uses realistic? Step 1: A 353 District Qeb M^kbi$p krj_bo lkb fab^7 ?rfia lk qeb pvkbodv lc qeb Q^ph Clo`b ^ka `ob^qb ^k Lifsbqqb Rkfsbopfqv City joint development district in the study area, as an Urban Redevelopment Corporation under provisions of Chapter 353 of the Missouri Statutes. A Chapter 353 corporation would give the cities the legal and marketing power to set the stage for successful redevelopment. Forming a joint 353 corporation tells potential developers, business owners, government and civic partners and interest groups that these two cities mean business. on the east side of Lambert Airport that pulls together land from three cities: Ferguson, Kinloch and Berkeley. Two cities teamed up in a joint 353 University City and the City of St. Louis created a Transportation Development District that has received district is a bold idea. federal funding to run a restored streetcar across their shared border between The Loop and Forest Park. The Other local governments have collaborated in proposed bi-city 353 district is bold, but not without redevelopment efforts, but not quite like this. North precedent. Park Partners is a joint development district formed 6