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Why Redevelopment? Why Gwinnett? Why Now?

Why Redevelopment? Why Gwinnett? Why Now?. Redevelopment Forum October 11, 2012 Bryan Lackey, Director Gwinnett County Planning & Development.

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Why Redevelopment? Why Gwinnett? Why Now?

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  1. Why Redevelopment?Why Gwinnett?Why Now? Redevelopment Forum October 11, 2012 Bryan Lackey, Director Gwinnett County Planning & Development

  2. Gwinnett County has done a tremendous job handling this growth and has maintained its status as a premiere place to live, work and play in the metro Atlanta area for decades • As some of this growth moved further northwards, many older developments have not been maintained to a level that meets current consumer expectations Background

  3. Est. in 2002, comprised of a cross-section from chamber, county, CIDs and community leaders • The Task Force was asked to develop recommendations for a comprehensive program that will promote economic opportunity and vitality in those areas experiencing decline • Final report issued in 2005, with recommendations that formed the basis of our redevelopment efforts today including the formation of Partnership Gwinnett Revitalization Task Force

  4. Preparing The Way

  5. Revitalization Task Force

  6. Revitalization Task Force

  7. 10-Year update completed in March 2012 by Jacobs & Bleakly Advisory Group • Study in the area within and surrounding the Gwinnett Place Activity Center • Convert Gwinnett Place Mall area into a regional mixed-use with greenspace • Transportation improvements • Diverging Diamond Interchange at I-85 & Pleasant Hill Rd. underway Livable Centers Initiative

  8. Livable Centers Initiative

  9. Livable Centers Initiative

  10. Livable Centers Initiative

  11. Norcross – Buford Hwy. Study

  12. Nine existing Tax Allocation Districts (TADs) • College Corridor, Duluth-Buford Hwy., Duluth Hwy., Gwinnett Place, Indian Trail, Jimmy Carter Blvd., Lake Lucerne, Park Place, and Suwanee Gateway • TADs are used nationwide as incentives to attract quality developments to underutilized or distressed redevelopment areas • TADs help create jobs, eliminate blight, reduce crime, strengthen economic base, increase property values and tax revenues, and decrease poverty through redevelopment Tax Allocation Districts

  13. Gwinnett Place TAD Tax Allocation Districts Jimmy Carter Blvd. TAD

  14. Park Place TAD Suwannee Gateway TAD Tax Allocation Districts

  15. Two existing Opportunity Zones (OZs) and a third in process • Jimmy Carter Blvd., Norcross, and Gwinnett Place (pending final approval) • $3,500 per job tax credit for creating 2 or more jobs, which can be taken against the business’ income tax liability and state payroll withholdings • Areas must be within or adjacent to a Census block group with 15% or greater poverty Opportunity Zones

  16. Opportunity Zones

  17. Mixed-Use Districts with Incentives to Encourage Redevelopment & Achieve Higher Density Unified Development Ordinance

  18. Form Based Code Overlay Districts Unified Development Ordinance

  19. Market Street’s Second 5-Year Implementation Plan • Continue efforts to utilize redevelopment strategies to enhance Gwinnett County downtowns, activity centers, and principal corridors Partnership Gwinnett 2.0

  20. Our Success

  21. Green’s Corner

  22. Park Place

  23. Hwy 78

  24. Our Potential

  25. I-85 Jimmy Carter Blvd. OFS Brightwave

  26. Size: 160 + acres Within TAD/OZ: Yes/Yes Future: High-rise & Regional Mixed-use OFS Brightwave

  27. I-85 Venture Dr. Santa Fe Mall

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