Reconnecting America BioDistrict - a Leader in Urban Economic Development

RECONNECTING AMERICA

Sustainable Economic Development Strategies

BioDistrict

Iberville\Treme CNI

FrenchQuarter

CBD

VisionBioDistrict New Orleans will become a thriving and highly livable business, education, science and health destination, regarded throughout the City and the nation as the premier revitalized urban district of choice. The BioDistrict will be known for its walkable scale, new and historic neighborhoods, excellent schools and services, vibrant retail, accessible open space and transit, as well as a range of stable and well paying bioscience and health industry jobs. The BioDistrict will become a national model for urban revitalization, job creation and economic and industry development.

CATALYST

Economic Development Opportunities

10/16/12

Stakeholders

HEALTHCARE / BIOSCIENCE INDUSTRY

University Medical Center

Hospital

VAHospital

BioInnovation Center

LA Cancer Research Center

GNO, Inc.

RPC

Chamber

LSU

Delgado

LPHI

Xavier

BusinessCouncil

Tulane

CITYSTATE

NOCVB GNOFNeighborhood

Groups

INDUSTRY

WORKFORCEDEVELOPMENT

RESEARCH

EDUCATION /TRAINING

Academic Corporate

InformaticsEnvironmental

Industrial Medical

Secondary

Primary

Higher

ECONOMIC DEVELOPMENT OPPORTUNITIES

10/16/12


Hospital

VAHospital



GNO, Inc.

RPC

Chamber

LSU

Delgado

LPHI

Xavier

BusinessCouncil

Tulane

CITYSTATE


Groups


Retail

Housing

Commercial

Infrastructure

Civic Amenities

COMMUNITY REVITALIZATI

ON

RESEARCH

Academic Corporate

EDUCATION /TRAINING Secondary

Primary

Higher

INDUSTRY


Industrial Medical

Capital

Supply Chain

FIRE Services


10/16/12


Hospital

VAHospital



GNO, Inc.

RPC

Chamber

LSU

Delgado

LPHI

Xavier

BusinessCouncil

Tulane

CITYSTATE


Groups


EDUCATION /TRAINING

INDUSTRY

Retail

Housing

Commercial

Infrastructure

Civic Amenities

Secondary

Primary

Higher


Industrial Medical

Capital

CorporateAcademic

Supply Chain

FIRE Services

New Orleans Community Benefits

COMMUNITY REVITALIZATI

ON


RESEARCH

10/16/12


Hospital

VAHospital



GNO, Inc.

RPC

Chamber

LSU

Delgado

LPHI

Xavier

BusinessCouncil

Tulane

CITYSTATE


Groups

Regional Workforce System

AccessInnovation

Relevance

Is there access to training and services for unemployed/underemployed adults and people with barriers to employment

Are there Feedback loops between research and industry that connect innovation, business growth, and education/training

Do our training systems provide skills and credentials align to the workforce needs of industry and business.

SystemsIntegration

EmployerEngagement

FundingIntegration

BioDistrict New Orleans

Key Development Areas

Key Development Areas focus on the BioDistrict’s target industries and potential catalytic projects, while allowing existing residential neighborhoods to revitalize and redevelop organically. The five key areas are as follows:

A: Galvez Research NeighborhoodB: Xavier/Gert TownC: Tulane Avenue/Canal Street

D: Downtown Health CampusE: Civic Center

Galvez Research District

Galvez Research Neighborhood• R&D offices, labs• Grocery & neighborhood retail• Urban Park

• Full spectrum of residential options• Container nursery & stormwater park

Galvez Research District

Galvez Research Neighborhood• R&D offices, labs• Grocery & neighborhood retail• Urban Park

• Full spectrum of residential options• Container nursery & storm water park

Xavier University / Gert Town

Xavier/Gert Town• Compact, contiguous University expansion• Reopened neighborhood school & pool• Multi-family infill residential

• Container nursery• Shared University/community artists’ spaces• Incubator/accelerator/light industrial

Xavier University / Gert Town

Xavier/Gert Town• Compact, contiguous University expansion• Reopened neighborhood school & pool• Multi-family infill residential

• Container nursery• Shared University/community artists’ spaces• Incubator/accelerator/light industrial

Tulane Avenue / Canal Street

Tulane/Canal Street• University expansion within urban fabric• Math & science magnet high school• ‘Festival’ street and two urban parks

• Mixed-use residential with active ground floor• Expanded Claiborne Avenue retail

Tulane Avenue / Canal Street

Tulane/Canal Street• University expansion within urban fabric• Math & science magnet high school• ‘Festival’ street and two urban parks

• Mixed-use residential with active ground floor• Expanded Claiborne Avenue retail

Downtown Health Campus

Downtown Health Campus• New Delgado CC academic building• Va Hospital replaced with new sharedacademic, student life, student services

• ‘Festival’ street & urban plaza• Renovated Charity Hospital• Structured parking

Downtown Health Campus

Downtown Health Campus• New Delgado CC academic building• Va Hospital replaced with new sharedacademic, student life, student services

• ‘Festival’ street & urban plaza• Renovated Charity Hospital• Structured parking

Social Resource Provision by 2030

CONSTRUCTION IMPACT (2010 Dollars)

Market Based Program 5 Year 10 Year 20 Year

Residential 1,280,000 418,000 418,000

Retail 100,000 55,000

Med. Office, R&D, Advanced Mfg.

175,000 625,000 800,000

Blended Cost PSF $180-225 $197-253 $265-340

Development Value Est. $345,600,000 - $432,000,000

$216,306,000 - $277,794,000

$322,770,000 – $414,120,000

Assumes BioDistrict Re-Investment

10/16/12

Return On Investment

ANNUAL IMPACT (on annual basis, 2010 Dollars)

AS OF YEAR 5 AS OF YEAR 10 AS OF YEAR 20

Estimated Direct Employment

8,800 12,160 21,168

Estimated Direct and Indirect Employment

11,475 19,036 34,085

Estimated Direct and Indirect Personal Earnings

$546.7 $1,103.1 $2,528.3

Estimated State Sales Tax

$39.9 $80.5 $184.6

Estimated State Sales Tax

$30.1 $60.7 $139.1

Assumes BioDistrict Re-Investment

10/16/12

Return On Investment