STAKEHOLDER COMMITTEE KICKOFF Castleton Strategic Revitalization Plan 96th street nickel plate line masters road 69 hague road 86th street Castleton Square Mall 82nd street Community Hospital North dean road dean Keystone Ave Keystone allisonville road shadeline avenue 75th street February 18, 2019 binford boulevard OUR TEAM Emily Mack Director Brad Beaubien Administrator for Long Range Planning Relevant Agencies Stakeholder and Community Input Redevelopment, Mixed-Use Planning, Placemaking, Connectivity, Zoning and Land Use Retail Niche Transportation, Public Financing Market Analysis, Rail-To-Trail Planning Neighborhood Market Strategy Infrastructure, Strategies Feasibility, and Policy Outreach and Public Stormwater Implementation Relations Management Strategies 2 AGENDA 01 02 03 04 THE PROCESS INITIAL GOALS + NEXT IMPRESSIONS OUTCOMES STEPS 3 01 THE PROCESS WORK PLAN INPUTS ACTIVITIES Resources + People Scope + Project OUTPUTS Deliverables from the process. SHORT TERM OUTCOMES Changes in knowledge, skills, attitudes, behavior, policies or practice. LONG TERM OUTCOMES Changes in broader conditions. 5 INPUTS RESOURCES + PEOPLE ONGOING TARGETED FLEXIBLE City Staff and Elected 23 - Member Stakeholder Informal Coffee Chats Officials Committee » 6 Opportunities to Engage Project Website » Advisory/Guidance Role Focus Groups (9 Opportunities to Engage) Topical Surveys Public Workshops » Broad Representation » 2 Series of Public Workshops (Business Community, Residents, Developers, Open House Elected Officials, City Reps.) » Releasing Recommendations » Final Meeting and Implementation (Release of Final Plan to Targeted Individuals) Individual Stakeholders » Subject Based Engagement (20 Opportunities to Engage Individuals and Small Groups) 6 AcTIVITIES SCOPE What it is Opportunity to Capture Community Input Establishes Goals, Policies and Recommendations Large-Scale Area Planning Effort Informs Future Land Use Economic Development Tool Plan That Can Be Implemented (short-, medium- and long-term) What it isn’t Zoning Ordinance or Rezoning Construction Plans Eminent Domain White River Master Plan 7 AcTIVITIES PROJECT 2019 TASK 2 TASK 4 TASK 1 TASK 3 LEARNING ANALYSIS + STRATEGIES + DOCUMENTATION OPPORTUNITIES RECOMMENDATIONS Understanding Laying the Groundwork Visioning Putting it all together Castleton today » Targeting Analysis » Testing Strategies and » Capturing Input » Understanding the Site (physical, market, retail Recommendations » Explaining Projects » Setting Goals and etc.) » Framework and Priorities » Partnerships and » Exploring Case Studies Catalyst Site Ideation Implementation Steps » Defining Big Picture » Placemaking Opportunities » Phasing and Costs » Feasibility Testing 8 OUTPUTS DELIVERABLES Document Graphic Presentations Plan in Print and Digital Formats Multiple Chapters Planning Document Project Appendix Document will define Capture Robust Public Input Enhanced Connectivity Broad Vision Pedestrian and Vehicular Safety Goals For The Future Major Projects Policy Recommendations Financing Tools Scale and Style of Future Development Economic Development and Implementation Strategy Redevelopment Opportunity Sites Refined Land Use 9 EXAMPLE PROJECTS GM STAMPING PLANT 10 EXAMPLE PROJECTS WEST SIDE INDIANAPOLIS 11 02 INITIAL IMPRESSIONS STUDY AREA nickel plate line 96th street 465 masters road 69 hague road 86th street CASTLETON SQUARE MALL 4.36 SQ MILES 82nd street COMMUNITY HOSPITAL NORTH dean road dean Keystone Ave Keystone allisonville road shadeline avenue 75th street 465 binford boulevard 13 SIZE COMPARISON 4.36 sq mi COMPARE OVERALL STUDY AREA Castleton Study Area Understanding the Scale » Castleton Study Area - 2,790 Acres (4.36 sq mi) » Downtown Indianapolis - 2,747 Acres (4.29 sq mi) I-65 W h i » Indianapolis Square Mile - 597 Acres t 4.29 sq mi e (1 sq mi) r iv e r Mile Sq. I-65 / I-70 I-70 Downtown Indianapolis 14 SIZE COMPARISON 240 Acres COMPARE 1,382,000 sf Retail 129 Stores SHOPPING CENTERS Understanding the Scale Castleton Mall » Castleton Mall - 240 Acres » Greenwood Park Mall – 125 Acres » Washington Square Mall – 116 Acres » Lafayette Square Mall – 90 Acres » Fashion Mall at Keystone – 90 Acres 90 Acres 60 Acres » Hamilton Town Center – 60 Acres 711,000 sf Retail 673,000 sf Retail » Glendale Town Center – 50 Acres 123 Stores 99 Stores » Clay Terrace – 50 Acres » Circle Center Mall – 8 Acres Fashion Mall at Keystone Hamilton Town Center 15 ORIENTATION » Bookended by two potential regional » High visibility and access » Opportunities for true land use economic development drivers: the integration, vertical density, mixed White River and the Nickel Plate Trail » Signifcant anchors - Fashion Mall and income housing, quality infrastructure, Community North multi-modal blue and green » Massive regional transportaton system, infrastructure corridors, and regional including two interstates » Strong housing at edges attraction I-465 White River Sahm Park Nickel Plate Rail Corridor Fashion Mall Clearwater Shopping I-69 Castleton Square Mall Less than 3 miles 82nd Street Community Hospital North Allisonville Road Feet 0 1,050 2,100 4,200 6,300 Copyright nearmap 2015, Source: Esri, DigitalGlobe, GeoEye, Earthstar Geographics, CNES/Airbus DS, USDA, USGS, AeroGRID, IGN, and the GIS User Community16 DEMOGRAPHICS Population 3,740 Median Age Avg Household Size 36.2 1.93 Four-Year Median Household Degree Income 60% $66,127 North Subarea White River I-465 Castleton Study Area Allisonville Road Population 11,217 Median Age Avg Household Size East 31.1 1.76 Subarea Four-Year Median Household 82nd Street Degree Income 51% $27,666 Southwest Subarea Indianapolis Metro Population 2,053,679 Population 4,800 Population 8,474 Median Age Avg Household Size Median Age Avg Household Size Median Age Avg Household Size 37.1 2.54 44.3 2.37 43.7 2.39 Four-Year Median Household Four-Year Median Household Four-Year Median Household Degree Income Degree Income Degree Income 34% $58,470 62% $94,536 60% $89,576 17 LAND USE Employment 96th street Indianapolis Metro Study Area Retail 126,951 12% 6,187 22% Healthcare / Social 184,516 18% 5,290 19% Assistance Finance & Insurance 57,436 6% 1,721 6% nickel plate line masters road Accommodation & 92,614 9% 3,384 12% Food Services Educational Services 76,789 7% 469 2% TOTAL 1,028,126 27,666 465 hague road 86th street 69 82nd street dean road dean Commercial 31% Office 12% Institutional 5% Industrial / Logistics 8% allisonville road Substation 0% shadeline avenue Detached Residential 4% Attached Residential 13% Park / Open Space 4% 75th street 18 CONNECTIVITY 96th street nickel plate line masters road 465 hague road 86th street 69 82nd street dean road dean Highways Major Roadways Connected Roadways Planned Trails allisonville road Major Intersections shadeline avenue Bridges / Overpasses Poor Connectivity 75th street 19 PUBLIC LAND 96th street 3 acres nickel plate line masters road 33 acres 37 acres 465 hague road 86th street 69 82nd street dean road dean Public Land allisonville road Downtown Study Area shadeline avenue Parks 125 ac 4% 39 ac 1% Pervious --% 54% Impervious --% 46% INDOT ROW --% 9% 75th street 20 WATER SysTEMS 96th street nickel plate line masters road 465 hague road 86th street 69 82nd street dean road dean allisonville road Water Bodies 100 Year Flood shadeline avenue Floodway Streams / Ditches 22% Flood in Study Area (670 ac) 75th street 21 OWNERSHIP 96th street Largest 25 Land Owners nickel plate line masters road 465 hague road 86th street 69 82nd street dean road dean Top 5 Owners (Non Residential) Cushman & Wakefield 96 ac allisonville road Community Health 94 ac shadeline avenue Broadbent 80 ac Simon Property Group 71 ac Sunbeam 69 ac 75th street 22 TIF DISTRICT nickel plate line 96th street masters road 465 69 hague road 86th street CASTLETON SQUARE MALL 82nd street COMMUNITY HOSPITAL NORTH dean road dean Keystone Ave Keystone shadeline avenue allisonville road 75th street binford boulevard 23 TIF DISTRICT 1. When a TIF is established, the current assessed value is designated as the “base”. 2. The assessed value from new investment is allocated to the “increment.” The resulting property tax revenue is used to fund development-related projects. 3. At the end of the TIF’s lifespan, all assessed value is reverted to the base, increasing the tax base for local taxing units. 24 TIF DISTRICT Allowable TIF expenses are defined in IC 36-7-15.1 » Acquire land and right-of-way » Pay prinicpal and interest on bonds » Fund infrastructure improvements that are either physically within or physically connected to the allocation area. » Fund certain workforce training expenses TIF limitations: » Cannot fund operating activities » Redevelopment commissions must release revenues in excess of 200% of planned expenses and debt service » Can not capture revenue from residential properties (under most conditions) » Cannot fund investments outside of/disconnected from allocation area » Expires 25 years after first debt payment is made 25 TIF DISTRICT How TIF’s Work Increment New val resulting Assessed from investment Value within the TIF lue ase a Te assessed val isting Increment V reverts to the d within the allocation base oncethe allocation e Assessed s es at ime i reati period epires ss Value A Time 26 TIF DISTRICT 96TH STREET ALLOCATION AREA History Originally created to fund bridge projects on 96th Street. Since 2006, bonds have been defeased and nickel plate line 96th street assessed value re-leased. The City has recently decided to capture any new growth after 2018 in the TIF