1. City of Asheville ECONOMIC & COMMUNITY DEVELOPMENT INITIATIVE www.ashevillenc.gov

2. THE APPROACH: Align partners around three goals: Vibrant mixed-use neighborhoods Downtown vitality Robust job growth

3. Align strategic partners around three key goals Neighborhood vitality Vibrant Central City Robust job growth THE STRATEGY: RIVER REDEVELOPMENT Plan of Work: Riverside Drive Redevelopment Plan RADTIP Transportation and Greenspace Coordinated Infrastructure Improvements Job growth in creative sector, others East of the Riverway Initiative

4. THE STRATEGY: DOWNTOWN VITALITY Plan of Work: South Slope Redevelopment Plan BID Service District Infrastructure Improvements US Cellular Center Renovations Phase II Festival & Special Event Recommendations

5. Quality city services Capital investment Incentives Citizen engagement Tax structure Arts, culture & special events Real estate asset management Adaptive reuse & new construction Community planning Synthetic TIF Form-based Code Recreation & open space TOOLS:

6. RESOURCES: Revolving fund that reinvests revenues from possible sources including: City and County property tax base (Synthetic TIF) Land sale and lease proceeds Retired economic development incentives General Fund and Enterprise Fund contributions Leveraged public investments (DOT/HUD/EPA, CDBG, HTF)

7. THE STRATEGY: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT

8. THE STRATEGY: RIVER REDEVELOPMENT - RADTIP

9. RETURN ON INVESTMENT: NEIGHBORHOOD VIBRANCY - RIVER REDEVELOPMENT