The Inside Scoop!
Hundreds of Thousands of Square Feet of New Space... Consider the possibilities!!
Viaduct is just about moving people quickly through the city. Street Level is about getting people into the city easily to live, work & play.
7 Acres of New Development Opportunities. Redensification of our Urban Fabric... prominent historic sites preserved.
The
Lost Property Value
12-40 Destroyed Downtown Buildings... some prominent historic sites, eroding downtown’s cultural fabric. Erased Development Opportunities... In fact, more dead space will be created for the highway to meet federal regulations.
University Hill
Long Project Scope, resulting in disrupted traffic flow to downtown. Hold on... won’t downtown businesses be affected ?! Several years is not a weekend project!
_
GAIN GAIN
Viaduct
Green Public Spaces Blocks of Bike Paths Miles of Walkable Space
7 Acres Translates to Hundreds of Thousands of Square Feet of New Development.
The
Value
LOSS
$3.3 Million in Lost Taxes Annually. Just thinking out loud here... but how will we make up the tax dollars?
LOSS
Limited Downtown Cultural Growth...fewer new restaurants, retail & entertainment.
LOSS
Displaced Residents, Businesses & Employees.
LOSS
Limited Residential Development Opportunities.
That’s a problem, considering the current downtown occupancy rate is 99%. *Other options besides the street level and viaduct concepts have not been recommended for further study by NYSDOT and are not included here.
. . . And a chance to repair the damage of the past.
Potential $5.4 Million of New Taxes Generated Annually.
Opportunity
Property Value
Downtown
GAIN
The
Problem
+
Premium Retailers New Restaurants Additional Office Spaces New Residential Units
Viaduct Option
To download this publication, go to downtownsyracuse.com
Phased construction means less disruption to commerce, property & business owners.
Street Level Option
Which Would You Choose?