The One Day Workshop - Something You Can Do At Your Fair

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• Phase 1
• Task 1 Determine Study Area
• Task 2 Assemble Site Documentation
• Task 3 Inventory Data Gathering
• Phase 2
• Task 4 Community User Group Input Sessions
• Task 5 Evaluate Economic Area Demographic
  Profile
• Task 6 Examine Real Estate Market Trends
• Task 7 Site Analysis
• Phase 3
• Task 8 Measure Market Potentials Prepare
  Preliminary
• Task 9 Develop Alternative Concepts
• Phase 4
• Task 10 Calculate Economic Impacts
• Task 11 Finalize Master Plan Final
  Presentation

Project Phases Bullock, Smith Partners, Inc.
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• Physical Analysis

Bullock, Smith Partners, Inc.
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• Primary Study Area

• Photos

Project Scope Bullock, Smith Partners, Inc.
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• Secondary Study Area

• Photos

Project Scope Bullock, Smith Partners, Inc.
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• Notes from Interviews and Public Meetings
• Lakefront is a valuable asset to the community of
  Kingston.
• Economic concerns include increasing tax revenue,
  buying power and retail opportunities.
• Public investment is a concern would like to
  attract new money.
• Traffic and parking are significant concerns in
  the lakefront area.
• Important to emphasize historic elements within
  the city.
• Tourism and local recreation could be increased
  with restaurants and riverboat possibilities.
• Kingston would be an ideal place for a small
  marina to purchase gas.
• Ultimately, would like to improve upon the
  quality of life in Kingston.

Public Comments Bullock, Smith Partners, Inc.
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19. Architectural Theme/ Image
20. Ownership
22. Significant Issues
21. Opportunities and Constraints
100 Buffer Zone for Beer Sales
Analysis Bullock, Smith Partners, Inc.
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• TVA Information

Land Controlled by TVA
Watts Bar Operating Information
TVA Information Barge, Waggoner, Sumner Cannon
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• Economic Impact Analysis

Economics Research Associates
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Study Objectives

• Assess overall redevelopment potential of
  downtown/waterfront
• Identify market potentials (retail, office,
  housing)
• Estimate economic benefits

Economics Research Associates
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Tasks

• Stage I Diagnostic
• Key stakeholder interviews focus groups
• Conduct market research
• Understand economic fundamentals what are the
  factors driving demand?
• Stage II Market Potentials
• Test commercial tourism development
  opportunities
• Identify appropriate commercial mix
• Stage III Economic Impacts
• Measure potential economic impacts to determine
  leverage

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Market Potentials

• Housing
• Waterfront 20 to 70 units
• Downtown 40 units
• Total Housing Program of 60 to 110 Units
• Commercial
• Restaurants 12,000 SF
• Leisure Entertainment 6,500 SF
• Specialty Retail 6,000 SF
• Office 25,000 SF
• Total Commercial Program of 50,000 SF

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Potential Economic Benefits

• Temporary construction jobs associated income
• Permanent employment wages generated by new
  commercial retail restaurant uses
• New, permanent residents attracted to new housing
• Increasing retail sales taxes

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Potential Employment Income

• Temporary
• 3.4 million in construction income
• Generating approx. 25 construction jobs
• 5-year buildout
• Permanent
• 6.5 million in annual wages
• Approximately 200 new jobs

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Potential Sales Tax Revenues

• 5.5 million in annual retail spending
• 2 million in general retail
• 3.5 million in food beverage
• 470,000 in annual retail sales taxes
• State of TN 350,000
• Roane County 70,000
• Kingston 70,000

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Potential Property Tax Revenues

• 136,000 in annual property taxes generated by
  new development
• Distribution 94,000 to Roane County 42,000 to
  Kingston

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Supportable Retail Space

• 320,000 in annual spending generated by on-site
  employment
• 1.5 million in annual retail spending generated
  by on-site households
• 9,000 SF of retail space supportable by new
  development

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Benefits of Downtown Revitalization

• Protects property values
• Sense of identity community pride
• Place to shop, visit, gather socially interact
• Key indicator of social health of a place
• Visual representation of community heritage
• Attracts new residents, tourists, new businesses
• Convenience local accessibility to goods
  services

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• Alternative Concepts

Bullock, Smith Partners, Inc.
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• Program Recommendations

Restaurant Options Bullock, Smith Partners
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• Program Recommendations

Office Space Options Bullock, Smith Partners
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• Program Recommendations

Retail Options Bullock, Smith Partners
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• Program Recommendations

Residential Options Bullock, Smith Partners
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• Alternate Concepts

Option A
Option B
Option C
Options Bullock, Smith Partners
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• Development Strategy

Bullock, Smith Partners, Inc.
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• Development Strategy

Site Plan Bullock, Smith Partners
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• Development Strategy

Restaurant/Marina Bullock, Smith Partners
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• Development Strategy

Retail Bullock, Smith Partners
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• Development Strategy

Retail Bullock, Smith Partners
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• Development Strategy

Office Bullock, Smith Partners
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• Development Strategy

Streetscape Improvements Bullock, Smith Partners
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• Development Strategy

Streetscape Improvements Bullock, Smith Partners
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• Development Strategy

Streetscape Improvements Bullock, Smith Partners
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• Development Strategy

Greenway Enhancements Bullock, Smith Partners
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• Financing Concepts

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Potential Financing Options

• Examples of direct incentives for private
  investment
• Land assembly
• City-funded improvements
• Disposition of city-owned parcels at low or no
  cost
• Site preparation
• Property tax abatements or reductions
• Gap" financing for business expansion or
  relocation
• Direct grants and/or other business development
  incentives
• Revolving business loan program
• City as developer/landlord

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Potential Financing Options

• Examples of indirect incentives for private
  investment
• Public infrastructure improvements
• Underground utilities
• Streamline permitting public approvals
• Main Street Program

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Implementation Strategy

• Public Improvements
• Funding
• Capital Improvements
• Grants
• Budgeting
• Issue RFP/RFQ
• Select Designer
• Design
• Bid
• Construction

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Implementation Strategy

• Public/Private Development
• Identify Projects
• Identify Potential Developers
• ICSC
• BWSC/BSP
• Develop RFPs
• Receive Proposals
• Select Developer
• Develop Designs and Build

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Implementation Strategy

• Operations
• Develop Program
• PR Campaign
• Implementation of Plans
• Develop Entertainment Schedule

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Implementation Strategy

• Staffing Options
• Utilize Existing Staff
• Hire New Staff (Full-time/Shared)
• Waterfront Development Manager
• Main Street Program Director
• Hire Consultant
• Member of the National Council for Public-Private
  Partnerships

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