Page 70 - Valparaiso, IN U.S. 30 Corridor Plan

Adopted July 25, 2011
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Implementation

SECTION FOUR

Making this plan a reality will require use of all the • Land Acquisition
tools at the City’s disposal. These include: direct public Direct Public Investment • Road connections
• Underground wires
investment in streetscape, infrastructure, and site • Streamback restoration
acquisition; targeted incentives for private investment; • Streetscape
the application special zoning and design review • TIF
authority; strategic extensions (or denials) of public Cost
services, selective annexations, and possible use of the • Land write-down
City’s extra-territorial (ETJ) planning powers. The City Incentives • Redevelopment loan fund
should begin to actively promote US-30 as a “target • Facade sign grants
reinvestment area” and make public its revitalization • Tax abatements
program on the City website and through various media
outlets. Regulations • Annexation policy
• Design guidelines
Implementation activities can be organized into four Privately-led • Merchants Association
different but overlapping “tracks”. The tracks present • BID
a wide variation in terms of cost, ramp-up time, and Time to implement
magnitude and immediacy of impact (figure 1). They
include: (1) legal/regulatory approaches, (2) incentives,
(3), direct public investment, and (4) privately-led = size of impact
initiatives.
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