10 Reasons Why Downtown Mixed-Use Development is a Win-Win-Win

  1. ‘Mixed Use Represents a “smart growth” approach to development using existing infrastructure with easy access to transit.

  2. Can be incented with minimal impact to the taxpayer: a revamped T.I.F. Program, and an interest free (repayable) loan program both presently recommended for the new C.I.P. program.

  3. Generates significant new sources of tax revenues for the City of Greater Sudbury.

  4. Ignites immediate private sector investment.

  5. Strongly supported by the City of Greater Sudbury’s Corporate Strategic Plan, the Downtown Master Plan and the Greater Sudbury Development Corporation’s Strategic Plan: From the Ground Up.

  6. Provides an immediate solution to urgent downtown problems: lack of convenient parking, lack of residential options, lack of Class A office space and lack of ground floor retail.

  7. Creates immediate jobs.

  8. Replaces low value and unattractive surfaced parking lots with high value urban scale development.

  9. Lends immediate support to other proposed community infrastructure projects that require parking such as the Place des Arts project and the Elgin Greenway.

  10. Leads to an improved “Sense of Place” and boost community pride in Sudbury’s historic core.

Win
CITY
Increased
Tax Revenue

Win
DOWNTOWN
Immediate
Problem Solved

Win
PRIVATE SECTOR
Reduced Risk
with Incentives

Read more ‘Mixed Use Development’

2 thoughts on “10 Reasons Why Downtown Mixed-Use Development is a Win-Win-Win”

  1. This is what down town needs. It will never be a shopping hub as in the good old days , but it could be a vibrant retail / residential area to compliment an arts center, arena, casino, greenspace. Down town Sudbury , could once again be beautiful, & busy. We cant afford to let this go by. The architectural school started it all, lets keep it going.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s