Lakefront Gateway LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH - PowerPoint PPT Presentation

Lakefront Gateway

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH Existing Lake Interchange

LAKE INTERCHANGE / DOWNTOWN PLAN 03/01/2013 NORTH Existing Pedestrian Challenges – Up Close

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH Lake Interchange – In Transition

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH New Development Opportunities

LAKEFRONT GATEWAY PROJECT 03/01/2013 NORTH New Development Opportunities

JUNEAU AVENUE OLD WORLD 3 RD ST BRADLEY CENTER MARCUS STATE ST CENTER 4 TH ST INTERSTATE 43 Grand KILBOURN AVENUE Germania Wisconsin Commerce Wisconsin (78 units) (108 units) (125 Library Hill Cawker Tower rooms ) Bldg WELLS ST (139 units) (75 units) Nelson Posner Bldg. 2 ND ST WISCONSIN Bros. (105 units) PUBLIC CENTER LIBRARY WISCONSIN AVENUE Plankinton Lofts HILTON 4 TH & WISC. GRAND AVENUE St. James 6 TH ST LOT Court (54 units) 700 Lofts MICHIGAN STREET Majestic (49 units) WE PROPOSED ENERGIES Lofts MARQUETTE UNIVERSITY/BUCKS 4 TH ST Boston Lofts (135 units) ATHLETIC RESEARCH The 401 (74 units) FACILITY INTERSTATE 794 (188 units) MILW PUBLIC Approved 5 TH ST MARKET Streetcar Route ST PAUL AVENUE INTERMODA L STATION WESTOWN NEIGHBORHOOD - CITY of MILWAUKEE

DOWNTOWN SUPPLY - 2008 Existing Number of Building Hotel Building Hotel Rooms Completed Operation Age Age Pfister 307 1893 1893 115 115 Astor 92 1920 1920 88 88 Hilton Milwaukee City Center 729 1927 1927 81 81 Best Western Inn T owne 100 1928 1928 80 80 Ambassador 133 1928 1928 80 80 DoubleTree 243 1965 1965 43 43 Ramada 155 1970 1970 38 38 Park East Hotel 159 1970 1970 38 38 Hyatt Regency 484 1980 1980 28 28 InterContinental (Wyndham) 220 1988 1988 20 20 Hotel Metro 65 1937 1998 71 10 Marriott Courtyard 169 1999 1999 9 9 Hampton Inn 138 1960 2000 48 8 Marriott Residence Inn 131 1928 2001 80 7 Subtotal 3,125

DOWNTOWN SUPPL Y - 2017 Existing Number Building Hotel Building Hotel of Rooms Completed Operation Age Age Pfister 307 1893 1893 124 124 Astor 92 1920 1920 97 97 Hilton Milwaukee City Center 729 1927 1927 90 90 Fairfield Inn 100 1928 1928 89 89 Ambassador 133 1928 1928 89 89 DoubleTree 243 1965 1965 52 52 Ramada 155 1970 1970 47 47 Park East Hotel 159 1970 1970 47 47 Hyatt Regency 484 1980 1980 37 37 InterContinental 220 1988 1988 29 29 Hotel Metro 65 1937 1998 80 19 Marriott Courtyard 169 1999 1999 18 18 Hampton Inn 138 1960 2000 57 17 Marriott Residence Inn 131 1928 2001 89 16 Iron Horse 100 1907 2008 110 9 Aloft 160 2009 2009 8 8 Hilton Garden Inn 127 1886 2012 131 5 Brewhouse Inn & Suites 90 1890 2013 127 4 Marriott Milwaukee 205 2013 2013 4 4 Potawatomi Hotel 381 2014 2014 3 3 Kimpton Journeyman 158 2016 2016 1 1 SpringHill Suites 155 1928 2016 89 1 Homewood Suites 94 1892 2017 125 0 The Westin Milwaukee 220 2017 2017 0 0 Average Age: 64 34 Subtotal: 4,815

ADA Facilities Lift Ramp

Moving Milwaukee Forward Equitable Growth through Transit Oriented Development (TOD) Planning

Bublr Bike Locations As of December 31, 2016 Ald. Stations District 3 14 4 20 6 9 12 6 14 1 7 Wauwatosa

Residential Units New Residential Units Completed or 1800 Under Construction in the Greater 1677 Downtown 1600 From 2004 through 2016 = 9,931 Units Residential… 1400 1200 1017 966 978 1000 832 788 794 749 800 646 600 486 498 367 400 322 303 194 176 200 140 78 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Und Const January 2017 Summary

Downtown Area and Tax Base Downtown has 3.2% of the City’s land area and 18.6% of the tax base.

Milwaukee’s Inner Harbor A multi-year focus For the School of Architecture and Urban Planning Funding Provided by: The Brico Fund The SARUP Urban Edge Prize. The UWM Graduate School and others

TID 92: Sherman Phoenix

Single Family & Duplex Development 2005 – 2017 YTD* Construction Permits for Single Family & Duplex Development 297 300 Total = 1,499 250 221 220 190 200 150 128 108 95 100 52 49 47 50 37 35 20 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017* Units Developed *through September 2017

Non-HACM Affordable Housing Development 2004 – 2017 YTD Ald. 2017 LIHTC District LIHTC 1 273 0 2 310* 79 3 79 0 4 1,580 0 5 15 0 6 1,051 0 7 285 0 8 268 0 9 747 56 10 120 80 11 0 0 12 678 0 13 0 0 14 90 0 15 1,054 0 TOTAL 6,550 215 *through July 2017 *Also HACM (Westlawn)

Total Capital Budget for Core Infrastructure Programs 2004 - 2015 $90 $80 $70 $60 In Millions $50 $40 $30 $20 $10 $0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Local Paving Replacement Cycle Selected Years: 2004-2014 120 108 100 74 80 62 60 40 20 0 2004 2008 2014

Portfolio performance 2004-2016 • 50 active TIDs in 2016 $1,600 • Expenditures: $505 million $1,400 $1,200 • Incremental value: $1.5 billion in 2016 $1,000 Expenditure • Paving projects funded: $800 Incremental $14.18 million $600 value • Housing projects funded: $400 $2.35 million $200 $0 (millions)

• 2017 YTD (September 30) • 2005-2017 YTD – 87 projects – 909 projects – $13 million of loans – $208 million loans – $50 million total investment – $835 million ttl investment – Retain 1,442 FTE jobs – Retain 18,233 FTE jobs – Create 295 FTE jobs – Create 5,990 FTE jobs • Supporting initiatives • New Markets Tax Credits – $175 million NMTC – 6 awards - $175 million – Milwaukee County RLF – 8 projects $122.25 million – Waukesha County RLF – Revolving Loan Funds – M7 Venture Debt loans • Four totaling $52.75 million – PACE Financing • 82 businesses, $61 million – SBA Community Advantage • Loans from $102,000 to $10 – KIVA Milwaukee million – Various Chamber loans

Since February 2015… ❖ 80 loans to Milwaukee entrepreneurs ❖ $465,500 lent ❖ Borrower ethnicity • 41% African-American • 32% Caucasian • 7.5% Hispanic ❖ Borrower gender • 61% female • 39% male ❖ Most common business types • Food/beverage • Retail • Services