2005-2010 Economic Development Strategy 2007 City Council Update.

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Presentation transcript:

Economic Development Strategy 2007 City Council Update

Neal Andrews Bill Fulton Ed Summers City Council ED Committee “CHAIR”

High Value, High Wage Jobs Diversify Local Economy Increase Tax Base Continue Prosperity Objectives

A FOCUSED STRATEGY A five-year work program with accountability and tangible results ADOPTED APRIL 2005

WHAT?HOW?

Auto Center Upper North Ave. Focus Areas McGrath PropertyWestside DowntownThe Future

Enhance revenue and maintain parity. Create a regional retail destination. Auto Center

Auto Center: Status Report FY FY Jaguar/Land Rover Bunnin GMC/Buick/Pontiac Banner Program Olivas Park Drive Extension Big Sign Employee Parking Retailers

Employee Parking Auto Center Olivas Park Drive Big Sign Camping World Toyota Expansion Retail

McGrath Property Site development Value added industry, mixed-use, etc.

McGrath Property: Status Report FY FY Development Team Preliminary Planning Specific Plan/Guidelines Annexation Business Attraction

Westside Revitalization tools Development opportunities

Westside: Status Report FY FY Westside ED Strategy Redevelopment? Community Plan

Brooks Institute expansion Employment village Upper North Avenue

Upper North Avenue: Status Report FY FY Complete ED Strategy Private Charette Redevelopment? Community Plan Annexation

Village at Crooked Palm Brooks Expansion – 320,000 sf Village Center – Boutique Hotel, Theater, Commercial Santa Ventura Studio Hollywood West – 320 Condos, 80 single family homes USA Petroleum – 350 residential units

Downtown Economic vitality Vibrant 24/7 downtown

FY FY Downtown Ventura Org. Retail/Office Strategy Wi-Fi Downtown: Status Report Parking Management Plan Facilitate Projects WAV B of A, 42 Chestnut Cultural Village Freeway Cap/Pierside Plaza

Prepare for the New Economy Continued Prosperity ‘The Future’

‘The Future’: Status Report FY FY Site Selector Website Job Investment Fund (JIF) Business Incubator High-Tech Cluster Development Job Investment Fund (JIF) Business Incubator Citywide Retail Pacific View Mall - North

Our sleeves are rolled: On to FY