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Broadway Business Improvement Plan

Broadway Business Improvement Plan. Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area. BROADWAY BUSINESS CORRIDOR BACKGROUND. Planning Challenges Narrow corridor 2-miles long Limited east-west connectivity Vacant land Absentee property owners Funding

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Broadway Business Improvement Plan

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  1. Broadway Business Improvement Plan Phase I Conceptual Economic Development Strategy for the Marine Village Sub-Area

  2. BROADWAY BUSINESS CORRIDOR BACKGROUND • Planning Challenges • Narrow corridor 2-miles long • Limited east-west connectivity • Vacant land • Absentee property owners • Funding • Solution • Phased redevelopment • Immediate implementation of each phase; while planning the next • Immediate Actions • Mid and Long Term Strategies

  3. BROADWAY BUSINESS IMPROVEMENT PLAN The Economic Development Strategy for each Sub-Area will: • Identify Primary Goals and Objectives for the Broadway Corridor; • Define an Action Plan and Capital Improvement Plan for the Corridor; and • Identify the project/program costs for implementation • Create a timeline and financing plan. Issue and Planning Areas to be Addressed by the Plan: • Business Attraction • Beautification • Circulation/Traffic • Land Development Regulations • Area Demographics • Real Estate Redevelopment • Infrastructure • Security • Funding

  4. BROADWAY BUSINESS IMPROVEMENT PLAN Primary Issues from September 6, 2012 Meeting • Security • Setback requirements and zoning • Parking and feasibility of on-street parking • Loitering and Food bank/soup kitchen • Gambling Boat as a positive to draw more customers to Broadway • More places for Boat Crews and Employees to go for goods and services • Attraction of marine industry • General Clean-Up of the Corridor

  5. BROADWAY BUSINESS CORRIDOR BACKGROUND • North of 39th Street • 71% of the properties are occupied Commercial • 16% of the properties are Vacant • 12% of the properties are Civic Uses • These properties are zoned BMUD Type II • South of 39th Street • 55% of the properties are Residential • 26% of the properties are Vacant • 18% of the properties are Hotel/Motel • These properties are zoned BMUD Type I • Broadway Businesses (2011 Survey) • 83% of businesses surveyed had been in business for more than 10 years. • 83% of businesses owned their own property. • 75% of businesses draw their clientele from word of mouth.

  6. BROADWAY BUSINESS CORRIDOR BACKGROUND Phase II: Neighborhood Commercial/Marine 50th to 59th Street (54% Vacant Land) Phase I: Marine Village Node 36th to 50th Street Phase III: Mixed Use/Neighborhood Commercial 26th to 36th Street

  7. BROADWAY BUSINESS CORRIDOR BACKGROUND Phase II: Neighborhood Commercial/Marine 50th to 59th Street (54% Vacant Land) Phase I: Marine Village Node 36th to 50th Street Phase III: Mixed Use/Neighborhood Commercial 26th to 36th Street

  8. BROADWAY PHASE I SURROUNDING CATALYTIC ACTIVITIES Public Waterfront Recreation Private Waterfront Recreation Commercial Waterfront Community Services Port of Palm Beach Broadway Corridor Proposed Multi- Family Northwood Village Industrial Area Currie Corridor (Currie Park Boat Ramp)

  9. LOCAL MARINE INDUSTRY AND COMMERCIAL ATTRACTORS Public Waterfront Recreation Private Waterfront Recreation Commercial Waterfront Community Services Port of Palm Beach Within a ¼ Mile Radius Broadway Corridor Proposed Multi- Family Northwood Village Industrial Area Currie Corridor (Currie Park Boat Ramp)

  10. MARINE INDUSTRY ATTRACTORS: THE PORT • Less than 1 mile from Broadway Marine Node • 94 operators and tenants • 1,459 full time employees • 37 acres of Foreign Trade Zone • Celebration Cruises carries 300,000 passengers annually • Suncruz Casino Cruise carries 150,000 passengers annually Broadway

  11. BROADWAY CORRIDOR MARINE NODE • Marine Node is 36th to 50th Streets • 44th to 50th Streets targeted for Neighborhood Commercial • 44th to 36th Street targeted Marine related Services/Showroom • The epicenter of the Marine Node will be at the intersection of 40th Street and Broadway

  12. BROADWAY CONNECTIVITY AND MAJOR EMPLOYERS

  13. MARINE NODE INTERNAL CONNECTIVITY AND CIRCULATION

  14. MARINE NODE PROGRAM FOCUS AREAS • Business Attraction • Beautification • Circulation/Traffic • Land Development Regulations • Area Demographics • Real Estate Redevelopment • Infrastructure • Security • Funding

  15. BROADWAY BUSINESS IMPROVEMENT PLAN Schedule • 1st Meeting held September 6, 2012 with Business • 2nd Meeting September 13, 2012 Community Next Steps • Data and Analysis • Goals, Strategies and Tactics • Draft presentation/workshop • Financial Feasibility • Capital and Financing Plan • Final Draft –Sub Area I

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