Businesses and workers are changing the kinds of demands that are put on a place. The public sector still needs to catch up.
Leadership, engagement, change: These were the themes that speakers at the Redevelopment Forum plenary session on Making Every Place a Great Place To Live and Work emphasized as critical to successful redevelopment in the face of shifting economic trends.
Jennifer Vey, the director of Brookings Institution’s newly established Anne T. and Robert M. Bass Center for Transformative Placemaking, set the stage with some historical context (view her presentation here) and a look at how recent technology and economic shifts — desire for professional collaboration, demand for easy access to amenities, potential for remote work — are changing the demands that are put on a place.
If you’re looking for session presentations, you can find links to them from the respective session pages (click on a session title from the Agenda page), or find them all together on our SlideShare channel.
And if you’re looking for session summaries, just scroll down, or find them linked from the appropriate session page.
Save the date! Redevelopment Forum 2020 is Friday, March 6. See you there!
This summary was written by Jeffrey Stoller. Mr. Stoller is president of BJS Communications in Moorestown, N.J.
Since enactment of the 2017 Tax Cuts and Jobs Act, a broad range of developers, public officials, and community leaders have viewed the law’s Opportunity Zone (OZ) designations as a powerful tool for bringing new housing and business activity to low income areas nationwide.
The OZ program seeks to channel significant amounts of investor capital gains income into local development projects, in exchange for reduced or eliminated capital gains taxes. At first glance, there’s something in it for everyone: new amenities and jobs for distressed neighborhoods; more tax revenues for municipalities; a significant infusion of cash for developers; and reduced or waived capital gain taxes for long-term investors.
The horizon for stormwater management in New Jersey is about to change significantly. As part of the 2019 Redevelopment Forum on March 8, a panel consisting of Michele Adams, president of Meliora Design; Adrienne Vicari, financial services practice leader at Herbert, Rowland and Grubic; Gregg Woodruff, sustainability leader at Langan Engineering and Environmental Services; and Stephen Marks, business administrator for the City of Hoboken, highlighted several major initiatives that will influence how future development is managed and how it will affect the environment.
The moral reason for equity should be enough, but there are good economic reasons too. So how do we realize equity through redevelopment?
At the New Jersey Redevelopment Forum, during a breakout session, panelists discussed how their work is promoting equitable redevelopment, providing support for the economic case. They then engaged attendees in an open discussion on the considerations that must go into a redevelopment project if it is to be equitable.