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Addressing Blight and Vacancy on Main Street Summit 2024: Blighted and Vacant Properties

Addressing Blight and Vacancy on Main Street Summit 2024: Blighted and Vacant Properties

Presentation Summary

Rista Malanca, Director of Community and Economic Development at NHCOG, discusses updates to two important pieces of recent legislature concerning blight and littering:

Regarding PA 19-92, her presentation defines a party of interest and explains how one can file a claim to receive ownership of an abandoned/blighted property. Later, she provides an analysis of PA 23-33 that includes updated language on the maximum daily penalties municipalities can assess for blight under their general powers and the increased state littering fine.


What is Tax Increment Financing?


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About Our Presenter

Rista Malanca

Director of Community and Economic Development at Northwest Hills Council of Governments (NHCOG)

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Addressing Blight and Vacancy on Main Street Summit 2024: State Historic Preservation Office (SHPO)

Addressing Blight and Vacancy on Main Street Summit 2024: State Historic Preservation Office (SHPO)

Presentation Summary

Julie Carmelich, Historic Tax Credit Administrator, State Historic Preservations Office (SHPO), will discuss several tax credit programs offered by SHPO applicable to historic rehabilitation efforts including:

She will also present on the environmental benefits of historic preservation and other grant opportunities from SHPO.


What is Tax Increment Financing?


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About Our Presenter

Julie Carmelich

Historic Tax Credit Administrator, State Historic Preservations Office (SHPO)

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Addressing Blight and Vacancy on Main Street Summit 2024: C-PACE for New Construction

Addressing Blight and Vacancy on Main Street Summit 2024: C-PACE for New Construction

Presentation Summary

Peter Ludwig, Senior Manager of Market Engagement at CT Green Bank, presents on the CT Green Bank C-PACE for New Construction program.

The C-PACE for New Construction program (Commercial Property Assessed Clean Energy) offers financing available to commercial properties for GREEN solutions and low-cost, long-term funding (up to 25 years). The owner repays over time through a senior assessment placed on the property. The assessment stays with the property regardless of ownership. This presentation also includes information on eligible and ineligible costs for C-PACE financing.


What is Tax Increment Financing?


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About Our Presenter

Peter Ludwig

Senior Manager of Market Engagement at CT Green Bank

Contact Info

Website:

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Goman + York

Goman + York

Listen + Advise + Execute

Drawing on decades of experience, Goman + York’s primary mission is to develop realistic and actionable strategies that revitalize towns, cities and neighborhoods at the intersection of planning, economic development, and real estate development.

Services

Services include: Placemaking; Downtown Revitalization; Community & Economic Development; Mixed-use Development; Adaptive Reuse of Historic Buildings; Economic Health of the Downtown; Strategic Planning; Small Business Development

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Contact

Denise Robidoux
EVP/COO
111 Founders Plaza, Suite 1000
East Hartford, CT 06108
860.798.2804
drobidoux@gomanyork.com

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Addressing Blight and Vacancy on Main Street Summit 2024: reSET

Addressing Blight and Vacancy on Main Street Summit 2024: reSET

Presentation Summary

Sarah Bodley, Executive Director, reSET co/BL&D, will present on the ways that reSET is a resource in retail incubation, launching and propelling social enterprises and other entrepreneurial initiatives to occupy vacancies on Main Street.

Her presentation will highlight successes with Connecticut businesses such as Blue Earth Compost, Charlie’s Traveling Treat Truck, and the Hartford Culinary Collaborative.


What is Tax Increment Financing?


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Other Resources


About Our Presenter

Sarah Bodley

, Executive Director at reSET

Contact Info

Website:

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Addressing Blight and Vacancy on Main Street Summit 2024: Fighting Blight with TIF

Addressing Blight and Vacancy on Main Street Summit 2024: Fighting Blight with TIF

Presentation Summary

Tax Increment Financing (TIF) uses new/incremental real property tax revenue generated from new development and increased value to repay costs of the project or improvements to the TIF District.

In this presentation, Michael Andreana, Attorney, Pullman & Comley, will discuss the ways that TIF revenues can be used to fight blight, requirements for establishing a TIF district, and the basic components of a Master TIF District Plan.

Presentation Highlights


What is Tax Increment Financing?


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About Our Presenter

Michael J. Andreana

, Attorney at Pullman & Comley LLC

Contact Info

Website:

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Downtown Gift Card Program

Downtown Gift Card Program

Are you considering a gift card program for your downtown? Or maybe you already launched one, but it’s struggling – or worse?

When done well, a gift card program can be an excellent way to market your downtown and support your Main Street businesses.

Learn the secrets of Middletown’s gift card program that led to a 14x return in sales for Main Street businesses! In this webinar, Sandra Russo-Driska discusses the must-do’s and absolutely-don’ts that have helped the Middletown Downtown Business District run a profitable gift card program for over a decade, including selling 4,100 gift cards in 2021!

Helpful LInks

In this presentation, Sandra Russo-Driska, Downtown Business District Coordinator, shares:

  • The support & resources you need to start and maintain a successful gift card program
  • Common issues that come up & how to overcome them
  • The staff & time commitment you need to run a successful gift card program
  • A brief overview of the technology platform Middletown’s Downtown Business District uses for their program.

Other Resources

CMSC Professional Affiliates

  • Link to MP PA post

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V.4.2 Succession Planning Resources

V.4.2 Succession Planning Resources

Action

Be a resource for your businesses on succession planning so they can learn about, plan for and successfully navigate business transitions if the owner can no longer maintain the business.

Why

Business owners are often so engaged with the day to day operations of running the business that it’s hard to take the time to consider succession planning, unexpected illness, retirement. Still, having a plan in place for the future will help protect one the business owner’s (and often their family’s) most financially valuable asset. A succession plan evaluates the value of the business and prioritizes mentorship for possible successors. Succession planning helps to avoid a forced sale of the business and Main Street vacancies.

How

  • Obtain samples of disaster, hazard or resiliency plans from other communities to use as a reference. 
  • Explore opportunities for technical assistance and partnership with your region’s Council of Governments’ Hazard Mitigation Plan, SustainableCT and Resilient Connecticut – CIRCA. 
  • Hold a workshop with Main Street stakeholders, emergency services, public safety, public health, economic development, and other municipal departments to discuss and draft the Disaster Plan.
  • Include topics such as mitigation, natural disaster, technology loss, pandemic, relocation options, resources and communication plan.
  • Include what financial resources would be available to help the business(es) with continuity.

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V.4.1 Disaster Planning

V.4.1 Disaster Planning

Action

Develop a Disaster Plan, specific for Main Street district businesses, in collaboration with public safety, public health, economic development and other municipal departments.

Why

Our Main Streets and town centers are often our economic engines, our gathering places, our access to goods and services…the lifeblood of the community. Having a plan in place for unexpected disasters can prevent or mitigate impacts to our community, including Main Street businesses. This plan will provide resiliency and allow businesses and the community to bounce back more quickly. 

How

  • Obtain samples of disaster, hazard or resiliency plans from other communities to use as a reference. 
  • Explore opportunities for technical assistance and partnership with your region’s Council of Governments’ Hazard Mitigation Plan, SustainableCT and Resilient Connecticut – CIRCA. 
  • Hold a workshop with Main Street stakeholders, emergency services, public safety, public health, economic development, and other municipal departments to discuss and draft the Disaster Plan.
  • Include topics such as mitigation, natural disaster, technology loss, pandemic, relocation options, resources and communication plan.
  • Include what financial resources would be available to help the business(es) with continuity.

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V.3.5 Recruiting Businesses

V.3.5 Recruiting Businesses

Action

Create a plan for recruiting businesses that considers community input and market trends and that communicates a clear “wish list” of desired businesses. 

Why

A recruiting plan will help everyone involved stay on track and work together to create a vibrant, diverse and intentional mix of businesses in your district. Maybe your Main Street is looking to stand out from the rest, provide certain types of entertainment or services, embrace and market a certain niche or business cluster. Developing this plan will help ensure success in accomplishing district goals. 

How

  • Initiate a community engagement workshop to review available market studies and community plans and understand the district’s assets and desires. Develop a “wish list” of businesses.
  • With input from property owners, real estate brokers and developers, develop and carry out a business recruiting plan. 
  • Hold stakeholder engagement sessions at least quarterly, ongoing. 
  • Review the plan and update market studies periodically to understand new trends and assets.

CMSC Professional Affiliates

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