Chesapeake Economic Development Authority

EDAC Meeting Presentation – March 13, 2015

Presenting:

Robert L. Riddle, CCIM, EDA Chairman

President, Riddle Associates, Inc.

Clyde T. Clark, Jr., EDA Vice-Chairman

Senior Vice-President, Corporate Banking, BB&T

The EDA• The Authority is a public body consisting of 9 voting members whose purpose it is to acquire,

own, lease and dispose of properties to the end that they may be able to promote industry and develop trade by inducing manufacturing, industrial governmental and commercial enterprises to locate in or remain in this City.

• Members:• Robb Riddle – Chair • Clyde Clark – Vice-Chair • J.T. Fisher - Treasurer• John Maddux – Secretary• Dan Bell - Assistant Secretary • Russ Hanson• Teresa Peters• Patrick Reynolds• Stephen Telfeyan

• Executive Secretary: • Steven Wright, Director of Economic Development

• Meets 3rd Thursday of the month at 3:00 p.m. in office of Economic Development; open meetings, open to the public.

EDA/Council Work Session Outline - January 13, 2015• Industrial Parks Order of Priority (OOP) – 1

• South Norfolk OOP - 1

• Western Branch OOP – 1

• Williams Farm OOP – 1

• Economic Development Strategic Plan OOP – 1

• New Dominion Bridge OOP – 2

• Greenbrier OOP – 3

• Indian River OOP - 3

• Bowers Hill OOP - 4

• South Great Bridge/Great Bridge Village OOP – 4

• Hickory/Edinburgh OOP – 5

• Western South Military Highway OOP – 5

Note: The Order of Priority number (OOP) is a relative order of attention the EDA would suggest, 1 being the highest and 5 being the lowest order of importance.

Industrial Parks (Riddle)

• Need to identify future sites and acquisition

budget for future needs throughout the city.

• We need another Cavalier Industrial Park now.

100% sold out

Industrial Parks• Existing EDA Developed Parks

CavalierSEVTC

Oceaneering

Oakbrooke

South Norfolk (Riddle)• Address Housing Concerns

• Mixed Use Housing projects to attract youth citizens

• Must be safe, police patrols on bikes, higher visibility

• Consistently enforce codes in SoNo

• EDA should work with CRHA like Norfolk has done at East Beach

• Acquire Strategic Properties

• Along Poindexter Street beginning at Gateway then move NE

• Acquire blocks of property to enable redevelopment

• Any development tax credits available?

• Invest in infrastructure and other incentives for strategic return (encourages

development)

• Recommend the relocation Comm. Of Rev./Treasurer/Police near

Gateway, possibly the former Library facility

• Fund 22nd Street Bridge

• TIF Bonds (not cash/tiff funding)

South Norfolk

• Infrastructure Improvements

Proposed 22nd

Street Bridge relocation.

South Norfolk

• Strategic Property Acquisitions

Former Bank of America Building

Former Courthouse Building

South Norfolk• Residential and

Commercial Redevelopment

Reunion Townhomes by Ryan Homes

South Norfolk

• Working Industrial Waterfront

Western Branch (Clark)• Communicate by letter with Major Property Owners

• Ches. Sq. Mall, Eliz. Harbor Dr., Large parcels west of I64

• Seek opportunities for Development and Redevelopment

• Identify site for high speed rail station in Western Branch/Bowers

Hill area

• Need more retail/restaurants

• Seek opportunities to promote development of Commerce Parks

• Support Port Related business growth

• Need daytime population (new jobs in WB)

• Need more “Roof Top” (new residential development)

• With daytime population and roof tops-new restaurants/retail

will happen

• Without roof tops and daytime population, retail will continue

to decline

Portsmouth Boulevard East of I-664 to Taylor Road

King’s Pointe at Western Branch I-664• Established retail/service

corridor anchored by Chesapeake Square Mall (Washington Prime -www.wpglimcher.com)

• King’s Pointe at Western Branch

• Adjacent to 78 acres for future development - for additional information go to: http://www.cbre.us/o/norfolk/properties/elizabeth-harbor-drive/Pages/overview.aspx

Pine Grove Property

Smith-Boyd Farm

Lowe’s &Starmount

Retail Development

Jolliff Landing

King’s Pointe at Western Branch

• Development along

the Portsmouth

Boulevard Corridor

is extending west,

between I-664 and

the

Chesapeake/Suffolk

city line.

• Numerous

“greenfield”

development

opportunities.

Portsmouth Boulevard West of I-664 to City Lineof I-664

• Fully funded road widening from 2-lane to 4-lane

• Currently in Right Of Way acquisition phase

• Estimated completion date: November 2017

• Increased Access for New Development

Joliff Landing

Boyd Tract

Portsmouth Boulevard Improvement Project

Williams Tract (Clark)

• Qualifies as the only Certified

Site/Certified Mega Site for Economic

Development in the City of Chesapeake

and the surrounding cities, with the state

economic development encouragement

and support.

Williams Tract (Clark)

• A PUD needs to be put

in place. Identify uses

and strategy for delivery

of infrastructure.

Economic Strategic Plan (Clark)• Should not be done by EDA or Consultant alone

• Plan should mesh the EDAs knowledge about Ches. and expertise in varying fields with the expertise of a consultant with a global frame of reference and knowledge of trends influencing economic development.

• We know Ches. and what we have to offer…we need to understand how we are perceived by site selection consultants, corporate real estate executives and business owners nationally/internationally.

• Plan should focus on Chesapeake’s ability to compete by getting honest objective feedback on how we can compete in the global marketplace. The competitive analysis of target Industries, Real Estate, Workforce...

• Identify metrics measuring success that is easily understood/maintained

New Dominion Bridge (Clark)• Dominion Blvd. Corridor

• Need to plan for the future growth plans south of the bridge now that the bridge is open.

• Historic Traffic Count: 30,000 vehicles per day (2007)

• Projected Future Traffic Counts: 62,932 vehicles per day (2030)

• Will allow for unrestricted water access

• Improvements to Dominion Blvd

• Possible Development to the NC line

• Dominion Corridor Strategic Plan underway

• Completed Early 2017

Greenbrier (Riddle)• Support Dollar Tree Development

• What is the future of Greenbrier Mall

• Pedestrian walk over, or better cross walk for pedestrians

• Address restrictive sign ordinance

• Develop a “Way-finding”/Directional Signage solution

• Take advantage of South Greenbrier Redevelopment Opportunity (City Garage)

• Use technology and develop attractions/places to attract youth and families

• Technology - Apps, Four Square, etc…) to market retail, restaurants, recreation

• Enhance City Park to attract youth and families (like Adventure Park at Virginia Beach Marine Science Museum). Need better/more effective advertising of City Park events.

Dollar Tree Mixed Use Site

Indian River (Riddle)

• Aged run down major shopping Center because of substandard waterissues; pressure and water quality. They have had major retailopportunities which have passed because of water issues.

• Solve private water ownership issue at Indian River Shopping Centerand adjoining neighborhood. “Expensive Issue”

Indian River Shopping Center

Bowers Hill (Clark)

• Identify High Speed Rail Stop as Suffolk has done

• This area is where rail, airport and convergence of Interstates and Highways present a transportation node development opportunity. Possible future office/industrial demands

• What are the future plans for the Executive Airport?

Bowers Hill

Bowers Hill (Clark)

Potential High Speed Rail Station Location

South Great Bridge/Great Bridge Village (Clark)

• Need to revisit Great Bridge Village Plan

• Mixed use development along waterfront to attract youth, families and tourism

Great Bridge Village

Hickory/Edinburgh (Riddle)• Is there a need and opportunity for EDA to develop an industrial park near

Edinburgh

• Approximately 100 acres zoned for commercial development

•Retail development featuring Target, Walmart, Home Depot and a wide variety of specialty stores, and restaurants

•Some office/services uses possible

Western South Military Highway (Riddle)

• Majority small parcel owners, difficult to assemble

• Some small industrial parks are currently underway

Western South Military Highway

Southern Enterprise Commerce Park

Questions, Feed Back, Input?