Executive Summary - Certified Technology Park Master Plan

EXECUTIVE SUMMARY

CERTIFIED TECHNOLOGY PARK MASTER PLAN AND REDEVELOPMENT STRATEGY BLOOMINGTON, INDIANA

JULY 2013 1

THE CTP Certified Technology Park

Certified Technology Parks (CTP) are created as a tool to support the attraction and growth of hightechnology business and to promote technology transfer opportunities. The State of Indiana awards the designation to communities that are partnering with a research institution to work with technology businesses to create jobs in the park and the development of business startup environments.

State certification allows capture of new income and sales/ use taxes in the district High-tech activity focus

Designation as a Certified Technology Park allows for the local recapture of up to $5 million of state and local tax revenue, which can be invested in the development of the park. In addition to the recapture of tax revenue, communities may seek up to $4 million in grant funding from the State for use within the Bloomington CTP.

46

17th St

37

CTP Kirkwood Ave

10th St Walnut St

e

DOWNTOWN 3rd St BLOOMINGTON rs on Dr

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tte

- MAYOR MARK KRUZAN

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Pa

“

OUR FULL VISION FOR 3rd St THE TECH PARK INCLUDES STRONG AND PRODUCTIVE PARTNERSHIPS WITH ALL OF THE COMMUNITY’S ENTREPRENEURIAL SUPPORT NETWORKS”

na

Rogers St

Ve r

Fee Ln

45

College Ave

Kinser Pike

45

Maxwell Ln

IU

THE VISION The Bloomington Certified Technology Park stands alone in comparison to other CTPs throughout Indiana. This place is a vibrant downtown district, full of things to do and places to go; a place where collaboration thrives and where relationships are forged.

This CTP throws open its arms to welcome current and future residents, as well as the current and future technology-focused businesses. Through an intentional mixing and clustering of uses, the Bloomington CTP fosters collaboration and relationships. It links Bloomington’s compact cultural, civic, commercial, and residential districts.

It builds upon existing amenities and provides new attractions that encourage residents of the City to explore and mingle. It celebrates both the heritage and history of what was here and embraces new and emerging technologies that allow us to live in a more sustainable manner. It promotes community, healthier lifestyles, and the desire to work and play close to home through a walkable and bikeable environment.

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THE VISION AN URBAN DISTRICT THAT IS DOWNTOWN located in the middle of cultural, commercial, civic, and residential areas connecting districts and destinations comfortable density and a mix of uses walkable, bikeable, and reflective of the community fabric foster a collaborative community spirit of innovative thinking

A NETWORK OF NEW, DYNAMIC OPEN SPACES new pedestrian networks and open spaces encouraging outdoor play and active recreation open spaces connecting City Hall to existing attractions a tech campus linked by a central collaborative open space a new “emerald necklace” of unique open spaces along the B-Line Trail connecting the Farmers’ Market to Butler Park

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EMBRACING THE SITE HERITAGE recalling historic patterns protecting and adapting historic icons as interesting places to work and live re-imagining forgotten relics as prominent expressions of environmental responsibility and identity-lending outdoor art

LOOKING TOWARDS THE FUTURE emerging technology-focused businesses sustainably managing stormwater and celebrating it as a central organizational element re-thinking water supply and water use new green energy incentivizing private-sector economic development through quality of life investments

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THE FRAMEWORK PLAN CTP Boundary - 65 acres Core Properties - 12 acres

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2 3

2

3

1E

5A

6

4A 1F

5A

1C

1G

1B

8 3

5B

4B

6

6

JACKSON ST

FAIRVIEW ST

TRA

ROGERS ST

TECH / COMMERCIAL

2

PROFESSIONAL OFFICE

A. Warehouse A

3

MIXED-USE

4

PARKING GARAGE

C. Showers Dimension Mill D. Showers Kiln

A. Garage A

E. Addition to Kiln

B. Garage B

F. Tech and Commercial

6

G. Tech, Commercial and Hub Space

8TH ST

IL

300 ft

B. Showers Administration

9TH ST

INE

B-L

N

1

MADISON ST

7

150

10TH ST

1F

5A

0

1F

COLLEGE AVE

7

3

MORTON ST

6

11TH ST

3

1D

1A

5B

3

5

7TH ST

RESIDENTIAL A. Townhomes B. Flats

6

GREENSPACE / OPEN SPACE

7

B-LINE TRAIL

8

COMMUNITY AMENITY

CHARACTER AREAS

BUILT-FORM

Core Properties

OFFICE/ COMMERCIAL

COLLEGE AVE

CTP Boundary COLLEGE AVE

CTP Boundary

Core Properties

11TH ST

11TH ST

10TH ST

10TH ST MADISON ST

JACKSON ST

8TH ST

N

New Street/Alley Greenspace

MORTON ST

New or Renovated Building

7TH ST

ROGERS ST

MORTON ST

ROGERS ST

JACKSON ST

FAIRVIEW ST

9TH ST

Renovated Building

BUILDING USES

7TH ST N

BUILDING MASSING

IL

MADISON ST

JACKSON ST

10TH ST FAIRVIEW ST

10TH ST

TRA

MADISON ST

9TH ST

IL

8TH ST

8TH ST

7TH ST N

2 to 3 stories 4 and above stories

MORTON ST

MORTON ST

1 to 1.5 stories 2 to 4 stories if new building

ROGERS ST

ROGERS ST

11TH ST

9TH ST

TRA

Residential

1st Floor Retail

11TH ST

INE

INE

B-L

Retail

Greenspace Community Amenity Structured Parking with Commercial

Core Properties

B-L

JACKSON ST

Core Properties

COLLEGE AVE

CTP Boundary COLLEGE AVE

CTP Boundary

FAIRVIEW ST

IL

TRA

New Building 8TH ST

Tech/ Commercial Professional Office/ Commercial

INE

IL

TRA

9TH ST

CIVIC

B-L

INE

B-L

MADISON ST

RESIDENTIAL

FAIRVIEW ST

TECH/ COMMERCIAL

7TH ST N

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THE FRAMEWORK

10TH

ST

ST

JAC KSO N ST

RO G

ERS

ST

MA

11TH

DIS

ON

ST

IL

RA

ET

MO

LIN

B-

RT ON

ST

VIEW OF OVERALL DEVELOPMENT

N

8

VIEW THROUGH CENTRAL GREEN NORTH

VIEW ALONG MADISON STREET

VIEW ALONG ROGERS STREET

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THE IMPLEMENTATION PHASE I: Option A

OPTION A ELEMENTS: BUILDING IMPROVEMENTS: A. Renovation of Warehouse A B. Demolition of Warehouse B C. Stabilize Showers Kiln & Dimension Mill Buildings

11TH ST

A

COMMON SPACE IMPROVEMENTS: D. Creation of Central Green North (greenspace and water management corridor) E. Re-alignment of 10th Street, extension of Madison Street F. Construction of parking and alley improvements

C

MADISON ST

D

ROGERS ST

B E

10TH ST

Renovation, Removal, Construction : $6.79 Million (approx) Warehouse A & Showers Administration buildings, 10th, Madison, Alley, Central Green North, Parking

F

Financed by CTP Funds, TIF and other Public Funds/Grants/Credits, Revenue from Sale N

Revenue: $150K annual (approx) Occupancy : 180+/Warehouse A, Showers Administration

PHASE I: Option B

OPTION B ELEMENTS: BUILDING IMPROVEMENTS: A1: New Building Replacing Warehouse A

11TH ST

Other Elements Remain the Same as Shown in Option A Renovation, Removal, Construction : $5.97 Million (approx) Showers Administration building, New Building replacing Warehouse A, 10th, Madison, Alley, Central Green North, Parking

A1

Financed by CTP Funds, TIF and other Public Funds/Grants/ Credits, Revenue from Sale ROGERS ST

MADISON ST

Revenue: $180K annual (approx)

10TH ST

10

Occupancy : 450+/New Building replacing Warehouse A, Showers Administration

N

VIEW OF PHASE I

SHOWERS ADMINISTRATION

ST

CENTRAL GREEN NORTH

AL

MO

LE

Y

RT ON

ST

DIMENSION MILL

10TH

SS T ER

WAREHOUSE A

RO G

DIS ON

ST

MA

11TH

ST

KILN

N

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CONTACT: DANISE ALANO-MARTIN ECONOMIC & SUSTAINABLE DEVELOPMENT DIRECTOR CITY OF BLOOMINGTON 401 N. MORTON ST. / PO BOX 100 BLOOMINGTON, INDIANA 47402 ALANOD@BLOOMINGTON.IN.GOV INFO: HTTP://WWW.BLOOMINGTONTECHPARK.COM/ HTTPS://WWW.FACEBOOK.COM/BLOOMINGTONCERTIFIEDTECHNOLOGYPARK HTTP://BLOOMINGTON.IN.GOV/CTP

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