REQUESTFORQUALIFICATI ONS Building a Tactical Revitalization ...
REQUESTFORQUALIFICATI ONS Building a Tactical Revitalization ...
REQUESTFORQUALIFICATI ONS Building a Tactical Revitalization ...
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SCOPE OF SERVICES<br />
1. Economic and Market Analysis<br />
2. Land Use & Ownership, Existing and Underutilized Sites<br />
3. Existing Infrastructure/Transportation/Parking<br />
4. Current Fiscal Situation of Downtown Albany<br />
5. Existing Branding & Marketing Programs<br />
6. Quality of Life Factors<br />
A. Economic and Market Analysis<br />
The economic and market analysis is the foundation for developing a credible and actionable redevelopment plan for<br />
Downtown Albany. AKRF will conduct the economic and market analysis that will provide the economic reality framework<br />
for vision and goals that will be developed in Task C. The activity will proceed concurrently with the other existing condition<br />
analyses being conducted by other team members.<br />
Economic Analysis<br />
The economic analysis is the foundation for developing a credible and actionable<br />
redevelopment strategy for Downtown Albany. AKRF and Halcyon will evaluate<br />
the economic conditions and trends in Albany and the surrounding area. Key<br />
economic indicators that will be evaluated include:<br />
• Unemployment rates<br />
• Housing (new construction and existing home sales)<br />
• Income growth<br />
• Major existing employers<br />
Halcyon and the AKRF Team will also expand upon the following building<br />
blocks that will inform creating an effective economic development approach. They are intended to produce definitive<br />
knowledge enhancement and public/community relationships for Albany’s future economic development.<br />
<strong>Building</strong> Block #1—Identify External Enterprise Drivers<br />
External forces that impact Albany businesses:<br />
• Regional Trends—Growth patterns; recent Corporate Locations<br />
• Corporate Wish Lists Evaluation—Location factors and demographic opportunities<br />
• Supply Chain Future Drivers<br />
• Workforce Pipeline—Training linkages and cost<br />
<strong>Building</strong> Block #2—Identify Internal Enterprise Drivers<br />
Looking more closely at the factors which drive enterprises, we will also assemble data points on:<br />
• Perceptions of Quality of Life (QOL), retail, and housing stock<br />
• Aging Facilities—Key building obsolescence<br />
• Workforce<br />
• Lack of “Centers of Excellence”—Demarked Magnet/ Training Schools<br />
• Co-Locational forces—Data centers<br />
10<br />
Proposal For Capitalize Albany Corporation<br />
RFP for <strong>Building</strong> a <strong>Tactical</strong> <strong>Revitalization</strong> Plan for Downtown Albany, NY