Community Development Strategies
In today’s environment, municipalities and developers have to be more creative with how projects are planned and financially structured in order to make proposed improvements feasible. In order for community revitalization to occur, diligent planning and unique sources of funding need to be brought into the equation. It is imperative that municipalities and developers generate a strategic plan to achieve their goals. As every locale is different, a new and distinctive plan must be created that is specific to the prospective community. Developing a solid strategy includes, creating a well defined community vision and identifying eligible incentives and sources of funding.
Having a plan is the first step, executing that plan is the next. For municipalities and developers that have already been through the visualization process it can be quite difficult to turn that vision into reality. Unfortunately, several developments do not progress past the initial step. In several cases, there is a disconnect between what the city wants and what a developer is able to accomplish. As a result, no progress is made. The Gryphon Group has been involved with several public/private sector negotiations that has allowed for both parties to move forward and realize their goals. This is achieved by helping the municipality identify and organize a toolbox of incentives to entice developers and encouraging developers to incorporate the community’s vision into the proposed improvements.
Ultimately, the end product can take several different forms and be accomplished in numerous ways. The highest and best use of property in a particular community may be residential, commercial, retail, office or all of the above in the form of a mixed-use development. The project can be accomplished via a Brownfield redevelopment, Historic restoration, new build and/or Green Design. The key is finding the right partner that is able to help create a well defined vision, bring resources to the table, facilitate public-private partnerships and provide development solutions for multiple uses. At The Gryphon Group, we are that partner and more.
We Specialize in Community Development Strategies
Gryphon Group, LLC