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REQUESTFORQUALIFICATI ONS Building a Tactical Revitalization ...

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AKRF PROJECT EXPERIENCE<br />

education, career, and other factors to determine the most likely type of visitor to the center. GIS was also used to complete<br />

several thematic maps, some in 3D, to display results to developers.<br />

ALTERNATIVE ENERGY RESEARCH AND DEVELOPMENT PARK FEASIBILITY ANALYSIS<br />

In March 2005, Destiny USA announced plans to build a one-million square<br />

foot R&D center in Salina, New York, at the crossroads of Interstate 81 and<br />

the NYS Thruway. AKRF examined the economic benefits of locating two<br />

major R&D clusters in upstate New York. The goal of the project is to improve<br />

economic conditions in the upstate region, accelerate commercialization of new<br />

technologies, and reduce dependency on foreign oil and fossil fuels. The firm<br />

analyzed qualitative location decision factors relevant to R&D clusters, such as<br />

university presence, infrastructure, and support services, and identified suitable<br />

locations for two high-tech clusters near concentrations of universities and<br />

existing R&D facilities along the New York State Thruway corridor.<br />

AKRF projected R&D cluster development cycles and rate of growth by assessing other successful R&D clusters and<br />

the educational, infrastructure, and lifestyle assets of upstate New York. AKRF also provided recommendations for<br />

incentivizing the developments by purchasing technological innovations at fair market value.<br />

FISCAL IMPACT ANALYSIS<br />

As part of the economic benefit analysis for the proposed R&D center, AKRF helped model the potential new employment<br />

and projected tax revenues that would be generated by the facility. AKRF projected employment in relevant high-tech<br />

Standard Industrial Classification (SIC) codes, demand for new housing, and potential fiscal impacts for the State and local<br />

municipalities through increases in commercial and residential property taxes, personal income taxes, and sales tax that<br />

would be generated by the new R&D workforce. The firm was responsible for the preparation of the final report and led the<br />

team that presented the results to the client.<br />

LONG BRANCH FERRY PIER, LONG BRANCH, NJ<br />

AKRF’s Economic and Real Estate Advisory Services practice conducted a<br />

market analysis for potential commercial development on the new pier including,<br />

restaurant, retail, entertainment and cultural venues. The scope of work<br />

included: establishing trades areas to identify potential customers, conducting<br />

market supply and demand analysis for potential commercial uses including<br />

demographic analysis of consumer spending characteristics, recommending the<br />

development program and square footage for proposed uses, and preparing pro<br />

formas to analyze the financial feasibility of development options.<br />

Proposal For Capitalize Albany Corporation<br />

RFQ for <strong>Building</strong> a <strong>Tactical</strong> <strong>Revitalization</strong> Plan for Downtown Albany, NY<br />

7

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