North Avenue Commercial property values were suffering and in decline. Investments are not self sufficient, and there are buildings that have suffered debilitating loss, without any reinvestment. Lack of demand keeps rents low and defers maintenance, and encourages the spiral of decline.
How can a commercial district bisecting decidedly stable, middle class neighborhoods fail to sustain a market relative to the needs of the neighborhoods? What is restricting access from the neighborhoods to the commercial market?
This was the purpose of the Planning Project.
Primary Market realities: What are the economics in place?
How do we create a self sustaining business environment?
How do we attract private investment and reconnect the purchasing power inherent in the neighborhood back to the commercial district?
convenient environment to come down and conduct business.
Why should we care?
Schedule for approvals:
May 9, 2011 Plan Commission Review
May 10th, 2011 Presentation to the Committee on Community Development, referred to
May 17th, 2011 Common Council Approval for adoption.