HARRISON SQUARE It's About our FUTURE Councilmen Tim Pape and Sam Talarico Walk 27, 2007.


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HARRISON SQUARE It's About our FUTURE Councilmen Tim Pape and Sam Talarico Walk 27, 2007 WHY DOWNTOWN? WHY A BALLPARK? WHY HARRISON SQUARE? WHY DOWNTOWN? … in light of the fact that a dynamic downtown draws in lucrative employments in the new economy Fortress Wayne's Test
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HARRISON SQUARE It’s About our FUTURE Councilmen Tim Pape and Sam Talarico March 27, 2007

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WHY DOWNTOWN? WHY A BALLPARK? WHY HARRISON SQUARE?

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WHY DOWNTOWN? … in light of the fact that an energetic downtown draws in lucrative employments in the new economy

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Fort Wayne’s Challenge We’re losing ground in the worldwide rivalry for lucrative occupations 20 years back, Fort Wayne’s normal per-individual salary was more prominent than the national normal. Today, Fort Wayne’s normal per-individual salary is right around 20% beneath the national normal.

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We are losing ground: Why? An Economic Paradigm Shift and Fort Wayne is Behind In the old economy, individuals moved where employments were situated In the new economy, occupations take after laborers and where they need to live

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Attracting Talented Workers Means Attracting High-Paying Jobs New York Times: Cities contend in hipness fight to pull in the youthful (November 20, 2006) “These urban communities are battling for school instructed, 25-34 year-olds, a demographic gathering progressively saw as the way to a monetary future. Worldwide and innovatively clever, the ‘young and restless’ are at the most attractive age on the grounds that their shots of moving drop abruptly when they turn 35. Urban communities that don\'t pull in them now will be harming in 10 years . These are individuals who, demographers say, are prone to pick an area before discovering work. They like downtown living, open transportation and a lot of amusement choices . . . Urban areas are concentrating on capable specialists who need a sure way of life rather than enormous managers that have generally been occupied with duty credits and infrastructure.”

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Old Company Has Strategy for the New Paradigm—Minor League Baseball Dow Chemical – Midland, Michigan Fortune 500 No more drawing in skilled laborers in Midland Dow started building another city Dow Diamond

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From Brain Drain to Brain Gain Councilman Crawford has demonstrated the issues confronted when gifted, youthful specialists leave our city. Senator Daniels is engaging to hold school graduates and is executing projects to take care of this issue.

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Our Citizens Want a Vibrant Downtown The Fort Wayne Downtown Housing Study discovered we can bolster 387 business sector rate units downtown every year. In a late Grand Wayne Convention Center study, 83.4% concurred “the group ought to keep on putting resources into downtown Fort Wayne.”

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A High Quality of Life Means Business Investment Economic Development contemplates, financial advancement specialists, and entrepreneurs rank personal satisfaction issues as one of the essential elements of where to find More critical than administrative and expense environment Local monetary improvement specialists trust Harrison Square is a need

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HARRISON SQUARE ENDORSEMENTS Greater Fort Wayne Chamber of Commerce Fort Wayne-Allen County Economic Development Alliance Downtown Improvement District Fort Wayne Economic Development Commission Young Leaders of Northeast Indiana Northeast Indiana Regional Marketing Partnership Building Contractors Association Building Trades Embassy Board of Directors Chancellor Michael Wartell—IPFW Bob Taylor—Do it Best Corp.

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HARRISON SQUARE ENDORSEMENTS Jim Cook—Chase Bank Mike Ottenweller—Ottenweller Co. Tom Current—Current Mechanical Chuck Surack—Sweetwater Sound Charlie Mason—Former Parkview Hospital CEO Scott Glaze—Fort Wayne Metals Pat Sullivan—Hylant Group Bob Sallaz—Kitty Hawk Cargo Mike Packnett – Parkview Hospital CEO

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WHY A BALLPARK? …because it attempts To invigorate retail and private advancement downtown To draw in more individuals in night and weekends to downtown

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Today’s Minor League Baseball Projection of no less than 300,000 individuals Recently constructed Class A Parks normal 320,000 High: 583,000 Projection of 200 occasion days for every year 70 Wizards diversions Alternative uses will bring thousands downtown Single best accessible appreciation for bring several thousands downtown

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Today’s Minor League Baseball Not your father’s small time baseball Remarkable building blast 120 groups 49 new stops 11 more being worked on 39 million went to amusements in 2002 Most since 1949 Increase in participation is converse pattern of MLB Attendance picks up in new ballparks ended up being supported Affordable, family situated Lower costs than Memorial Stadium

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Minor League Ballpark Case Studies Proven Catalysts Oklahoma City – SBC Bricktown Ballpark Cost $35 million; 100% city-financed. Lost offer for United Airlines upkeep office to Indianapolis. United Airlines told Oklahoma City it had made the best proposition, yet it couldn’t predict any of its workers needing to live ina spot like Oklahoma City. The ballpark locale is currently one of the quickest developing areas in the district, with various top of the line eateries, music clubs and office edifices. In the first place season of new ballpark, the group set an unsurpassed participation record that was softened again seven years after the fact up 2005. Objective of downtown rejuvenation of $350 million of private-segment venture and brought about $2.5 billion of such speculation. Property estimations in the region expanded 230% since ballpark finished.

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Minor League Ballpark Case Studies Proven Catalysts Dayton Every diversion sold out subsequent to 2000 opening (9,500 fans) 30% expansion in retail movement on amusement days. Relison Company building - $26 million new central command over the road from the ballpark, bringing 500 occupations downtown. $230 million riverfront advancement task including private, retail and stimulation by Mandalay Group. Indianapolis –Victory Field (1996) Cost $21 million; open and private financing. $3 billion of downtown speculation took after.

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Minor League Ballpark Case Studies Proven Catalysts Akron – Canal Park (1997) $35 million; $31 million paid by city. $90 million put resources into downtown since opening. Two adjoining distribution centers redeveloped as Class An office space and blended utilization venture. Most seasoned law office in Akron moved there. Three organizations migrated home office to redeveloped space in downtown, including AES - $33.4 million put into one million square feet home office including 200 employments and $700,000 in duty income. Multi-million arranged blended utilization advancement by private speculator included IMAX theater, open air amphitheater, workplaces, retail organizations, and lodging.

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Minor League Ballpark Case Studies Proven Catalysts Memphis – Auto Zone Park Downtown populace expanded 33% since opening in 2000; private inhabitance at 96%. 385-private unit complex situated in outfield vista. Moore Building redeveloped into 220,000 square feet of Class An office space for $20 million. “The Ballpark District is acclaimed for the rejuvenation that it led in Memphis’ urban center. The ballpark succeeded in not just presenting an effective new advancement of the downtown zone, yet changed its residents’ recognitions. It brought individuals over into Memphis’ center who had not went by for a long time. The Ballpark District went about as an impetus for further infill and redesigns downtown.”

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Minor League Ballpark Case Studies Proven Catalysts Toledo – 5/3 Park Attendance bounced 44% over participation at past non-downtown stadium. Adjoining St. Clair Village created with 108 lofts and retail space. Seven encompassing structures offered for private advancement; six sold. Redeveloped space included retail, innovation office space, meeting space and 40 townhouses. Toledo Journal Newspaper rented redeveloped space in encompassing structures. 12 new eateries and clubs.

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Minor League Ballpark Case Studies Proven Catalysts Greensboro – First Verizon Park (2005; AA) Old stadium arrived at the midpoint of 3,000 for each amusement; new stadium 5,900 for every diversion first year and 6,300 for every diversion second year. $60 million inn contiguous park in arranging stages Multi-million blended utilization task of retail and private Other uses: secondary school reunions, organization picnics, “Bands in the Stands”, Willie Nelson and different shows. Old ballpark (as yet existing) facilitated 200 amusements in 2006: nearby school, secondary school, youth baseball groups.

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Minor League Ballpark Case Studies Proven Catalysts Buffalo – Dunn Tire Park Projection was for stadium to pull in 350,000 fans for every year. It has arrived at the midpoint of 872,000 since stadium opened in 1988. Facilitated week-long campaign by evangelist Billy Graham, B.B. Ruler show, Goo Dolls show and a host site for yearly National Chicken Wing Festival. Ballpark impelled lofts, flats and retail.

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Minor League Ballpark Case Studies Proven Catalysts Charleston, WV – Appalachian Power Park Cost $23 million; $5 million from group proprietor and rest from state and city. Participation multiplied since opening new stop. Joined old building into stadium that will get to be eatery and business space. Space condo encompassing ballpark in arranging stages.

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Minor League Ballpark Case Studies Proven Catalysts Camden – Campbell Field (2001) $60 million redevelopment of the Nipper Building into 341 private units. Tweeter Center believer venue. New Jersey State Aquarium.

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Minor League Ballpark Case Studies Proven Catalysts Louisville – Louisville Slugger Field Total speculation of $84.5 million in the area. 210,000 square feet of new or revamped retail space. 115 new private units; 115 new private units in arranging stage.

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Minor League Ballpark Case Studies Proven Catalysts All or dominant part open financed small

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