Financing Smart Growth

DC streetcar tracks

Great smart growth developments start with a vision and good planning, but to build the actual project local governments, real estate developers and community members must secure the necessary capital funding. Innovative ways to finance smart growth projects was one of the main topics discussed at the June 2014 LOCUS Leadership Summit in Washington, DC where members of Smart Growth America’s Local Leaders Council and the LOCUS developers’ network met to talk about what it takes to bring a smart growth vision into reality.

Ben Miller, cofounder of Fundrise, believes that the real estate investment system is set up for very large investors and makes it nearly impossible for smaller investors to support local projects. “What if we squared the circle and let the community become both a capital resource and a partner in our real estate projects, so they would have some skin in the game?” posits Miller.

Local Leaders Council Uncategorized

Creating revitalization in slow markets

Small town main street

In communities where the market is slow, attracting developers and investors can be a tough challenge. A slow market can have many causes such as an economic downturn, a geographic disadvantage or a weak competitive edge within the region. Local leaders of small towns from states like Mississippi, Louisiana, Iowa, Maryland and California discussed the issues that impact attracting growth and development in a weak market during a session titled “Creating revitalization in slow growth markets” at the June 2014 Local Leaders Policy Forum in Washington, DC.

“Slow growth is relative to the market,” remarked Mayor Andrew Fellows of College Park, MD, and other leaders agreed. Mayor Ruth Randleman of Carlisle, IA pointed to other communities in the immediate Des Moines metropolitan region as their major competition. Former Mayor John Robert Smith of Meridian, MS suggested that sister cities in the greater geographic region and neighboring states were their biggest competition. “Our problem was that we were trying to be Gulfport of Biloxi, when we didn’t realize that we had strengths of our own,” said Smith.

Local Leaders Council

Local leaders share strategies for revitalizing underserved neighborhoods

East Baltimore

How does a community pursue smart growth in underserved neighborhoods where infrastructure problems, concentration of poverty and concerns about gentrification and displacement abound? Two-dozen leaders from diverse communities discussed this very question during the Local Leaders Policy Forum, held on June 16th in Washington, D.C.

Mayor Jacqueline Goodall of Forest Heights, MD shared her experience from living in several different cities over the years. “Gentrification and displacement are real, not perceived, concerns,” said Goodall. “Lower income and minority families can be very vulnerable to neighborhood changes that drive up costs even moderately. As leaders, we cannot overlook that threat.”

Local Leaders Council

Local leaders confront revitalization challenges

Policy Forum plenary panelistsChris Leinberger, President of LOCUS, Peg Meortl, PNC Bank’s Senior Vice President for Community Development Banking, Don Edwards, CEO of Justice and Sustainability Associates, and Mayor Mick Cornett of Oklahoma City, OK discuss revitalization during the Local Leaders Policy Forum opening plenary.

Most American communities are actively seeking the benefits of local revitalization. But, how is revitalization measured and how can communities achieve the most lasting outcomes? This was the central question in the opening plenary session at Smart Growth America’s Local Leaders Policy Forum held in Washington, D.C. on June 16th, 2014.

Job creation, attracting new businesses and supporting local entrepreneurs are undoubtedly critical goals of revitalization. However, communities are also concerned about making progress in other critical areas like health, social equity and sustainability. Leaders and experts offered diverse perspectives on the diverse roles of revitalization and innovative approaches that can maximize results that strengthen communities.

Local Leaders Council

Leaders from communities around the country gather at the opening reception of the Local Leaders Policy Forum

Local Leaders Policy Forum reception
More than 70 mayors, councilmembers, commissioners, agency directors and other local officials from around the country gathered in Washington, DC on Sunday, June 15 for the opening reception of the Local Leaders Policy Forum, a conference for local elected and appointed leaders using smart growth strategies to revitalize communities. The Policy Forum is the first national convening of Smart Growth America’s Local Leaders Council.

The opening reception provided an opportunity for members of the Local Leaders Council to meet with each other and Smart Growth America staff to begin to discuss their strategies for redeveloping downtowns, revitalizing commercial corridors and making neighborhoods great for all residents.

Mayor Mick Cornett of Oklahoma City, OK and former Mayor Mark Mallory of Cincinnati, OH, co-chairs of the Local Leaders Council’s advisory board, welcomed leaders to the reception. Both mayors pointed to the importance of building on the shared goals of the group and learning from each other’s experiences and approaches over the days ahead.

Local Leaders Council

Attend the 2014 Local Leaders Policy Forum

policy-forum

Elected and high-level appointed leaders in local government are invited to attend Smart Growth America’s Local Leaders Policy Forum on June 15-16, 2014, in Washington, DC.

The Policy Forum will provide a unique opportunity to meet fellow leaders from around the country who are using smart growth strategies to help their communities compete and grow in today’s economy, to provide housing and transportation choices for residents and to create great places to live, work and play.

Local Leaders Council