12.08.2013 Views

Market Creek Plaza - Center for Community Innovation

Market Creek Plaza - Center for Community Innovation

Market Creek Plaza - Center for Community Innovation

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

<strong>Market</strong> <strong>Creek</strong> <strong>Plaza</strong><br />

The Resident Ownership of Neighborhood Change<br />

August 2006


The Area<br />

• Long-term<br />

disinvestment<br />

• “Four Corners of<br />

Death”<br />

• Target <strong>for</strong> “dumping”<br />

unwanted land use<br />

• No visible signs<br />

of public or private<br />

support


Our Key Questions<br />

1. Is resident-led neighborhood revitalization<br />

possible?<br />

2. How do we avoid wide-spread displacement?<br />

3. Can we successfully bridge this community<br />

to the larger region?<br />

4. Can we help residents build hope, skills, and<br />

economic success while rebuilding their own<br />

neighborhood?<br />

5. Can we create sustaining community<br />

resources?


Our Theory<br />

For change to be sustaining,<br />

residents must own their own change —<br />

• Own the plans (builds vision)<br />

• Own the implementation (builds capacity)<br />

• Own the assets (builds wealth)


The Opportunity<br />

1998


The Site<br />

• Redevelopment<br />

“hot spot” <strong>for</strong> over<br />

15 years<br />

• Viewed as<br />

unbuildable &<br />

unbankable (no<br />

access,<br />

contamination,<br />

surrounding blight)<br />

• Seen by City as<br />

possible bus<br />

parking lot<br />

• Flood plain risk


What We Tried<br />

• Throw out all<br />

preconceived<br />

strategies<br />

• Ask / listen / learn<br />

• Share decisionmaking<br />

with<br />

residents


Owning the Plans<br />

• Can-do spirit and strong social networks<br />

• Over 3,000 involved<br />

IMPACT<br />

• Skills in organizing, facilitation, land planning<br />

• Experience working in cross-cultural teams


Owning the Implementation<br />

IMPACT<br />

• Skills, capacity & strong economic networks<br />

• Over 500 involved<br />

• Nearly 200 jobs; payrolls of $6 million<br />

• 65% of construction; 5 contractors bonded<br />

• 6 locally-owned businesses financed & launched<br />

• 22 micro-entrepreneurs in retail venue<br />

• 6 youth business launched


Owning the Assets<br />

IMPACT<br />

• Strategy <strong>for</strong> building wealth and recycling value<br />

• Teams trained in securing project capital, as well as<br />

personal finance and investing<br />

• <strong>Community</strong> development IPO — 10% preferred<br />

return to 450 stakeholders<br />

• Neighborhood-based community foundation —<br />

over 1,000 residents involved<br />

• Revenues & project value recycled into<br />

neighborhood — $15.7 million over 10 years


Taking The Vision To Scale<br />

• 45-acre mixed-use<br />

transit-oriented<br />

development<br />

• $250 million multicultural<br />

village<br />

• 830 homes<br />

• 250,000 sq. feet of<br />

commercial space<br />

• Integrated<br />

community services<br />

• Resident planned,<br />

built, owned


Guiding Principles<br />

Build Relationships<br />

• Commit<br />

• Surround every<br />

problem and<br />

opportunity with<br />

a team<br />

• Do with not <strong>for</strong>


Guiding Principles<br />

Organize to Support the Work<br />

• Work across social and<br />

economic disciplines<br />

• Let no corporate<br />

structure be a barrier<br />

• Be ready to change


Guiding Principles<br />

Listen to All Voices<br />

• Listen broadly as a way<br />

of doing business<br />

• Encourage and<br />

embrace differences<br />

• Look <strong>for</strong> “both/and” not<br />

“either/or”


Guiding Principles<br />

Take Risks<br />

• Risk not seeing the<br />

outcome up front<br />

• Shared risk requires<br />

shared accountability<br />

• Risk change in your<br />

own organization


Guiding Principles<br />

Who Decides and Who Benefits Matters<br />

• Owning the plans =<br />

Vision<br />

• Owning the<br />

implementation =<br />

Capacity<br />

• Owning the assets =<br />

Wealth<br />

Power<br />

Leverage<br />

Sustainability

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!