Three NP projects made the news recently for their efforts to move from redevelopment plans to action including a site re-use project in Ohio, a downtown district in Massachusetts, and riverfront redevelopment in Connecticut:
$30 Million Commitment to Spur Site Redevelopment in Dayton, OH
Premier Health and the City of Dayton, OH have pledged $15 million each to redevelop the Good Samaritan Hospital site in Northwest Dayton. The City and Premier Health plan to use their funds to secure additional public and private funds in order to redevelop the site for a mix of uses that encourage market rate housing and new job creation. The pledge comes as result of the recently completed Phoenix Next project, which engaged community members and stakeholders in planning for the future of the 13-acre site. NP prepared the economic and data analysis to support the redevelopment planning.
Neighboring Cities in CT Take Steps to Revitalize Riverfront Districts
In August, NP completed an analysis for the Cities of Groton, CT and New London, CT on how they could revitalize two riverfront districts connected by a multi-use path. The Thames Street Promenade Study produced guiding strategies for the districts as well as short term actions to spur early stage redevelopment. The City of Groton has already begun to take next steps including creating a Tax Increment Financing District and applying for grants to improve accessibility and address resiliency planning.
Downtown District Dining Fund to Bring New Business to Springfield, MA
The City of Springfield is offering up to $200,000 in low interest loans to attract new restaurants to the city’s Transformative Development Initiative (TDI) District. The Fund is part of a broader effort to accelerate growth in the district including other actions such as Develop Springfield’s Lease It Local Program, which subsidizes leases for small businesses in vacant or underutilized buildings. Much of the implementation has its roots in the TDI program’s Active Implementation Plan produced by NP in 2016.
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