Herron-Morton Place Association IUPUI O’Neill School of Public and Environmental Affairs Capstone – V473 Presented by: Neighborhood Watch Team Kelly Barbret | Libby Bowling | Megan Gasper | Saymah Kollison | Andrew Turner Fall 2019 Contacts Herron-Morton Place Association Contact: Kelly De Waal Email: [email protected] Phone Number: (317) 727-7567 Neighborhood Watch Team Contacts: Saymah Kollison Megan Gasper Kelly Barbret Email: Email: Email: [email protected] [email protected] u [email protected] Phone Number: Phone Number: Phone Number: (317)918-5098 (812)592-7076 (734)883-0970 Libby Bowling Andrew Turner Email: Email: [email protected] [email protected] Phone Number: Phone Number: (317)965-9417 (765)432-8962 Course Instructor Contacts Teresa Bennett Email: [email protected] Phone Number: (317)278-9173 Unai Miguel Andres Email: [email protected] Phone Number: (317)274-2414 1 Table of Contents List of Findings ........................................................................................................................ 4 Glossary of Key Terms ............................................................................................................ 5 Executive Summary ................................................................................................................ 6 Research Approach ............................................................................................................. 6 Conclusions ........................................................................................................................ 7 Recommendations .............................................................................................................. 7 Introduction ........................................................................................................................... 8 Goals and Objectives .......................................................................................................... 9 Deliverables ........................................................................................................................ 9 Methodology ........................................................................................................................ 10 Literature Review ............................................................................................................. 10 Case Studies ..................................................................................................................... 10 Primary Research .............................................................................................................. 10 Literature Review ................................................................................................................. 11 Herron-Morton Place ........................................................................................................ 11 Culture of Herron-Morton Place ........................................................................................ 11 Herron-Morton Association .............................................................................................. 12 Indianapolis and Short-term Rentals ................................................................................. 13 Herron-Morton Place ........................................................................................................ 13 Economics of Short-term Rentals ...................................................................................... 14 Local Housing Prices .......................................................................................................... 15 Restrictions and Public Policy on Short-term Rentals ........................................................ 15 Current Indiana Policies .................................................................................................... 16 Midwestern Case Studies ..................................................................................................... 18 Chicago, Illinois ................................................................................................................. 18 Cincinnati, Ohio ................................................................................................................ 18 Columbus, Ohio ................................................................................................................ 19 Carmel, Indiana ................................................................................................................ 20 Ann Arbor, Michigan ......................................................................................................... 21 2 Detroit, Michigan .............................................................................................................. 22 Traverse City, Michigan ..................................................................................................... 23 Analysis and Findings ............................................................................................................ 27 Findings ............................................................................................................................ 39 Secondary Research Findings ............................................................................................... 39 Primary Research Findings ................................................................................................... 39 Conclusion ............................................................................................................................ 41 Recommendations ................................................................................................................ 42 Monitor ............................................................................................................................ 42 Educate ............................................................................................................................ 42 Survey .............................................................................................................................. 42 References ........................................................................................................................... 43 3 List of Findings Figure 1: Total Impact Selections ................................................................................................. 27 Figure 2: Impact on Culture .......................................................................................................... 28 Figure 3: Impact on Public Safety ................................................................................................. 29 Figure 4: Impact on Parking Availability ....................................................................................... 30 Figure 5: Impact on Public Works (Sidewalks, Trash removal, Etc.) ............................................. 31 Figure 6: Impact on Small Business Responses ............................................................................ 32 Figure 7: Impact on Housing/Rent Prices Responses ................................................................... 33 Figure 8: Aggregated Impact Responses, by Age .......................................................................... 34 Figure 9: Aggregated Impact Responses by length of residency in Herron-Morton Place ........... 35 Figure 10: Aggregated Impact Responses by length of anticipated residency in Herron-Morton Place ............................................................................................................................................. 36 Figure 11: Aggregated Impact Responses by number of individuals living in a household .......... 37 Figure 12: Aggregated Impact Responses for those with or without children ............................. 38 4 Glossary of Key Terms Short-term rental: Houses or rooms that are rented for a time period ranging from one night to one year. For the purpose of this report, short-term rentals are often rented by those from out- of-town and the transaction is done through online applications as part of the sharing economy Destructive: Causing damage or harm in areas including but not limited to private property, public infrastructure, neighborhood culture, or quality of life Beneficial: Having positive externalities in areas including but not limited to neighborhood culture and quality of life Neighborhood culture: The level of social cohesion and shared values applied across neighborhood residents Public works: Shared infrastructure, institutions, and services meant to improve quality of life, safety, and health for neighborhood residents 5 Executive Summary Herron-Morton Place Neighborhood is a Historic Neighborhood located on the upper Near Northside of Indianapolis (City data, 2019). The neighborhood was added to the listing of the National Register of Historic Places in 1983 to preserve the historic value of the remaining structures in the area (Berkson, 2018). With this listing comes certain regulations that must be maintained in order to ensure the preservation of key historic elements in the neighborhood. With the introduction of short-term rentals including those found through platforms like Airbnb and VRBO, the Herron-Morton Place Association has expressed concerns regarding the effect on neighborhood culture, safety, and economy. There is a national dialogue regarding short- term rentals and their impact to the communities where they exist. Kelly deWaal of the Herron- Morton Place Association