2017 August Luncheon

"Evaluating Incentives Using and ROI Approach"

Wednesday, August 16, 2017

11:30 AM Registration and Networking

12:00 PM Presentation

Description: As budgets get tighter, incentives are facing closer scrutiny. Explore how communities are addressing this through an ROI approach to viewing land within a municipality. The City of St. Louis' innovative approach is the case study on estimating the needed tax return on developments that utilize various incentives tools.

First is a discussion of the challenges and opportunities facing municipalities in today's post-Great Recession environment. Using available data, panelists determine the estimated amount of property, sales, earning and payroll tax generated per square foot of land in the City. The City of St. Louis model aims to differentiate the tax value per square foot of land based on its geographic location within the City (neighborhood/ZIP Code) its land use designated according to the Strategic Land Use Plan (SLUP), and its classification for tax assessment purposes (commercial, residential, or exempt).

The model also includes an effort to estimate the currently unfunded infrastructure liabilities of the City. Combining the estimated taxes generated per square foot, with this estimate of unfunded liabilities, the model then goes on to estimate how much city revenue needs to be generated per square foot in order to fund all of its unfunded infrastructure liabilities. An intermediate session for experienced planners.

Speaker Bio: Jonathan Ferry, St. Louis Development Corporation

Jonathan has 11 years experience in the field of economic development, and is currently serving as Financial Analyst and Major Projects Managers for the City of St. Louis, through their economic development agency, the St. Louis Development Corporation (SLDC). In his time with SLDC, Jon has developed an intricate, yet reproducible, system for analyzing projects that request incentives, which works to ensure that incentives are used responsibly, and only in ways that will ultimately grow the local economy, and not just shuffle business from one place in the city to another. This system is designed based on the premise that, in order to be financially sustainable, cities must think in terms of the amount of tax revenue that is generated per acre of land in the city. Using publicly available data, he created an algorithm that estimates the amount of tax revenue that needs to be generated by any given parcel of land in the City, the amount of which varies based upon the geographic location within the City (by neighborhood) and the land use of the property in question. This has allowed the City to evaluate proposed projects to ensure that their economic productivity is sufficient to merit incentives, and also to ensure that the amount of the incentive is not excessive. Outside of work, Jon enjoys living in the City with his wife and two daughters. He holds a Master's degree in Economics & Finance from Southern Illinois University, and he seldom passes up an opportunity to settle down with a good book.

Read more: 2017 August Luncheon

2017 June Picnic

Smart Cities & Communities

Wednesday, June 21, 2017
11:30 AM - 1:30 PM

Smart & Connected Communities Description

David is an accomplished executive architect focused on the planning and the execution of Smart or Gigabit City initiatives. As President of Sandel & Associates. David and his team work with cities, community organizations and technology providers to develop plans to accelerate the development of their Smart or Gigabit City initiative. In this regard, David has served as an advisor to the Google Fiber Mayors Bi-state Innovation Team MBIT and Mid-America Regional Council MARC of Kansas City.

David is also the founder of The Gigabit City Summit. The Gigabit City Summit is a Telepresence based global round-table which explores the issues of leadership, funding, economic development and collaboration that are central to the success of all Smart City initiatives. Cities that have participated in the global round-table thus far include San Francisco, Kansas City, St. Louis, Toronto, Amsterdam, Moscow, Barcelona and Singapore.

From 2001-2008, David served as President of The St. Louis Regional Exchange Collaborative and was appointed by local government and Washington University to lead, fund and execute a plan for the economic development of the St. Louis metropolitan Internet - the first Smart City appointment of its kind in the United States. During this same period, David was also the co-founder of Datotel, a managed services and Cloud provider. As a result of these combined work experiences, David has significant business development and contractual experience in both the Smart City public and private sectors including municipal utilities, local government, education, public safety, healthcare, energy management and service provider Internet infrastructure

Read more: 2017 June Picnic

2017 May Luncheon

"39 North Implementation - Creation of an Innovation District"

Wednesday, May 17, 2017

11:30 AM Registration and Networking

12:00 PM Presentation

Description: The St. Louis region is rapidly emerging as a world leader in academic and corporateagtech research and innovation.  The 39 North Master Plan is a vision to create an innovation district in St. Louis County uniquely positioned to advance the region’s global leadership in plant sciences and agtech. The highest concentration of plant science PhD’s in the world, over 750, call the St. Louis region home. Highly skilled experts contribute to worldclass research institutions including the Donald Danforth Plant Science Center, the Missouri Botanical Garden and academic institutions including Washington University, St Louis University, and the University of Missouri St Louis. Leading multi-national corporations including Monsanto, Bunge, and Novus International have their headquarters in St. Louis and an increasing number of small and midsize businesses comprise a remarkable regional network of over 400 research and development agtech companies employing over 15,000 people.  The 39 North Master Plan is a result of a $500,000 federal innovation grant from the U.S. Department of Commerce, and, developed by the St. Louis Economic Development Partnership and St. Louis County in partnership with the City of Creve Coeur, and the City of Olivette, to provide guidance on future development of the Plant Science Innovation District area near N. Lindbergh Boulevard and Olive Boulevard consisting of approximately 575 acres. 

Implementation of the plan, overseen by the St. Louis Economic Development Partnership, shall focus on connecting regional assets, improving mobility, creating development opportunities, and additional green space to enhance the region’s ability to grow, attract and retain companies and top talent.  The district lifestyle preferences often sought by highly-skilled employees include mixed retail, residential and office space connected by walking and biking trails and green space.  Given the proximity of 39 North to housing options, spacious recreational areas, street and trail network, neighborhood amenities, and commercial opportunities, together, the City of Olivette and Creve Couer may help realize the vision of 39 North for innovation growth.

Speaker: 

Janet Wilding - St. Louis Economic Development Partnership

Jason Jaggi - City of Creve Couer

Carlos Trejo - City of Olivette

Read more: 2017 May Luncheon

2017 April Luncheon

"Finding Connections in the Brownfield Marketplace"

Wednesday, April 19, 2017

11:30 AM Registration and Networking

12:00 PM Presentation

 Description: Generally, brownfields are no longer a major barrier to redevelopment. Developers are typically well-versed in the process required to engage in these kinds of transactions. Most know how to secure the required environmental assessments, perform any required remediation, and secure the necessary certification for a desired property. Yet many brownfields still remain, typically in the more distressed communities where capacity to market brownfields properties is limited. Often these communities are unaware of, or are not familiar with, the process and as a result, are overlooked when developers are searching for new redevelopment opportunities.

Attracting private investment can prove a daunting task for any municipality struggling with the challenges associated with brownfield properties. For smaller, disadvantaged communities these challenges can become insurmountable as these communities often lack even the most basic resources necessary to promote brownfield redevelopment. In addition to the actual contamination of a property, the stigma alone can further reduce developer interest. 

Dr. Sarah L. Coffin, AICP will walk us through the local brownfield redevelopment process with an emphasis on preparing RFPs for potential developers. She will also preview the upcoming Fall 2017 St Louis Metropolitan Brownfields Marketplace, profiling what you will need to participate. Come hear how you can return previously underutilized properties back into productive use. 

Speaker Bio: Dr. Coffin is an associate professor of urban planning and development in the Center for Sustainability at Saint Louis University. She has extensive background in developing information systems as decision tools.  Specifically, she has developed indicator projects used to promote brownfield redevelopment in distressed neighborhoods and a system for evaluating the efficacy and efficiency of development tools.  Her research interests include examining the impacts of brownfields, vacant properties, and more recently the impact of development incentives on weak market economies and whether new ways of framing the redevelopment question might provide positive benefits for distressed communities.  Dr. Coffin holds a Ph.D. in City and Regional Planning from the Georgia Institute of Technology, a Master’s degree in Urban Planning, Design, and Development from Cleveland State University, and a Bachelor of Science degree in Business Administration from Lake Erie College.

Read more: 2017 April Luncheon

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