Franklin Properties, LLC
"The key to any city's future lies in its ability to attract and retain middle-income residents."
This presentation was delivered to the Thursday Morning Roundtable at University College in Syracuse, April 6, 2006.
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Some points from the presentation:
There's nothing wrong with Syracuse that 60,000 new middle-income residents wouldn't solve.
A person who lives and works downtown spends about four times as much money there as someone who only works downtown.
Retail left downtown because it followed
the people who moved out of town.
Sprawl without growth: We've taken a fixed population and spread it over twice as much terrain
The city needs to act like new middle-income residential development is the most important thing they can do for the future – because it probably is.
We must leverage our redevelopment assets. The city should get 5-10 dollars of private investment for every dollar of government investment.
Great neighborhoods require: Excellence, Safety and Predictability.
74.4% of U.S. households don't have children under the age of 18. Most Americans aren't
making housing decisions based on school considerations.
No community has ever demolished its way to prosperity.
20% of any building's cost is the basic structure. Existing buildings, particularly historic buildings, are the "low-hanging fruit" of downtown redevelopment.
Stop demolishing our assets. When buildings are demolished, the site often remains vacant for years. Demolition permits should only be issued when a building permit is also being issued for the same site.