7.3. HRSR 02-01-2021 - Laserfiche WebLink

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November 19, 2012 - Part III, page 1 - IIIIII.. IImmpplleemmeennttaattiioonn PPrriioorriittiieess Implementation The Mississippi Connections Redevelopment Framework Plan is intended as a framework for the evolution of the area as transportation, market, and use pattern shifts shape the area. The goal with this plan is to recognize these changes and guide them and the resulting development and redevelopment toward a preconceived vision. It is recognized that the Mississippi Connections Redevelopment Framework Plan will not be implemented in its entirety immediately but will evolve over the next 20 years. Thus, the Plan should be viewed as a sound, yet flexible sequence of orderly developments within the Study Area to achieve the vision. Establishing priorities to create the environment that encourages private reinvestment helps guide the City’s decision-making process and allocation of time and resources. The sizes and shapes of the facilities illustrated are not meant as hard and fast rules. They are intended to be suggestions and points of discussion as to the intensity and options for development. Each structure must be an individual statement of architecture, yet fit into the general character of the study area. Implementation Policies Redevelopment is an ever-changing process and activity may occur outside the identified Priority Project strategies, therefore the City, property owners, and stakeholders should consider the following policies as a framework for decision-making and strategy as the City evaluates potential redevelopment projects and determines where to direct resources. These policies should serve as the basis for development of a work plan for the Housing & Redevelopment Authority.  The availability of external resources (i.e. grants) and/or market conditions may create redevelopment opportunities outside of established short-term priorities. These opportunities may be pursued even if they are not part of the short-term priority list.  The City and the Housing & Redevelopment Authority should examine the creation of a permanent redevelopment funding source(s) that will complement the resources traditionally available through tax increment financing and other forms of public financing assistance.  The Goals and Policies within this Plan, which establish the framework for the Illustrative Master Plan, shall serve as the guiding principles for future City action.