7. Provide transparency that clearly defines the (re)development process and expectations.
Hold informational introductory meeting with the private sector to review the public process when a project is proposed.
Developers look to partner with cities that are clear about (re)development goals and processes. Early informational meetings signal to developers that the city is serious about partnering on its (re)development sites.
Say “no” early when a proposed project does not meet community goals and vision.
Time is money when it comes to (re)development. According to ULI MN developers, development delays and inconsistency in policy direction and approvals can be very costly. A “quick no” is preferable to a “slow no” or a “very slow yes”.
Create a clear, achievable development review process checklist.
Due to the inherent risk in real estate development, developers select projects in locations where the risks are fewer or more manageable. A clear (re)development review process checklist states expectations and the important benchmarks and tasks in the (re)development process. The (re)development review checklist, coupled with a publicly accessible master plan and information on priority (re)development ready parcels, allows a developer to understand the city’s goals and what kinds of tools/financial support are available. In turn, the developer can realistically assess project feasibility. The developer will work with the city to problem-solve and get as close to city’s goals as possible.
Redevelopment in the Twin Cities: A Developer’s View, provides additional opinions from local developers.
Conduct “sketch or concept plan” review when appropriate.
Local developers state that the biggest challenge in the development process is political risk. A flexible sketch/concept plan review process can allow developers to iteratively modify their projects based on a dialogue with city staff and/or policy leaders. A reliable and fair review process with developers can help to form a positive working relationship between cities and developers. Most local developers want to work with cities as partners. Some believe that a good working relationship is “essential” for a successful project.
Redevelopment in the Twin Cities: A Developer’s View, provides additional opinions from local developers.