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HomeMy WebLinkAbout2D, Review of Draft Community Development SWOT Analysis i EN HILLS Request for Council Review 2D Prepared By: Jill Hutmacher, Worksession Date: December 20,2010 Community Development Director Community Development SWOT Analysis Discussion Discussion Topic: SWOT(Strengths,Weaknesses,Opportunities,and Threats)Analysis for Community Development in Arden Hills. Supporting Documents: 1. Memorandum dated December 20,2010, from Jill Hutmacher 2. Community Development SWOT Analysis ,- S DVEEN HILLS MEMORANDUM DATE: December 20, 2010 TO: Mayor and City Council FROM: Jill Hutmacher, Community Development Director c�L' SUBJECT: Community Development SWOT Analysis Attached is a draft SWOT(Strengths, Weaknesses, Opportunities, and Threats)Analysis for Community Development in Arden Hills. The points listed in the analysis are compiled from conversations with Council and staff, demographic data included in the 2030 Comprehensive Plan, and my observations over the past six weeks. The draft SWOT Analysis is not a complete or refined document,but is meant solely to serve as a starting point of an on-going discussion on community and economic development goals and priorities. City Council feedback is requested including additions, deletions,and other suggestions. City of Arden Hills City Council Work Session December 20, 2010 Page 1 of 1 City of Arden Hills Community and Economic Development Draft SWOT Analysis December 2010 Neighborhoods, Housing Stock, and Housing Supply R Strengths • High median housing value • Predominantly single family homes • Long tenure of residents • Established, cohesive neighborhoods • Relatively few foreclosures Weaknesses • Few life cycle housing opportunities • Limited pedestrian and bicycle connectivity between neighborhoods due to freeways and natural barriers Opportunities • Redevelopment to provide additional life cycle housing 3, • Potential to work with Sheriff-elect Bostrom on quality of life issues • Potential to increase pedestrian access as intersections are reconstructed Threats • Single family rentals • Aging housing stock • Limited capacity of aging homeowners for maintenance and investment • Impact of foreclosed and/or poorly maintained homes on neighborhoods r Jobs, Employers, and Business Environment Strengths • Large employee base relative to population • Education attainment higher than area median • Close proximity to metro freeway system • Mix of office, retail, and industrial properties • Proximity to Medtronic Weaknesses Ipl4�I�ll MI it �i • Aging office/industrial stock that may be becoming functionally obsolete • Little communication and relationship-building with business community • City website does not have a page for business interests and issues • City does not use electronic communications as extensively as private sector businesses Opportunities • Improving economy KIM ; • Growing med tech sector • Strength and growth plans of corporate entities • Strength and growth plans of Bethel University and Northwestern College Threats • High office vacancy, particular in older buildings • Two large corporate employers hold large proportion of jobs • Reuse of corporate headquarter buildings can be difficult • MnDOT plans to reduce access to freeway system Table 2.9-Educational Attainment(2000) Arden Hills Mounds View s tew Brighton Roseville Shoreview Ramsey County 7-County Metro Those 18 and over,High School Graduate 93% 88% 92% 91% 95% 81% 79% Those 25 Years and Over,Bachelor's Degree or higher 51% 42% 41% 2% 47% 34% 35% Source.U5 Census Development, Redevelopment, and Community Branding Strengths • 132 Plan adopted • TCAAP zoning adopted • Low level of property tax capacity in existing TIF districts Weaknesses ' • Very few greenfield development sites • Little community identity in commercial areas • Little progress made on implementation of 132 plan • New development will incur expensive redevelopment costs • No district plan for Red Fox/Gray Fox area • City website has no marketing/branding component Opportunities • Redevelopment in 132 and Red Fox/Gray Fox Districts • Redevelopment of TCAAP Site vs • Redevelopment of Old City Hall Site • Redevelopment of scattered infill sites Threats • Potential for delayed or failed TCAAP bid process • If TCAAP bidding process is successful, cleanup and development will likely take many years ' • Slow projected recovery of office market • Reduced access to freeway system Fiquro 10 Strvoiscapo Cross Section I IhN UrDIAN MD SIDEWAIX' BOULEVRD A BRA URNE DRIVE LEFT-TURN LE DRIVE DRR'E BIKE BOULEVARD SIDEMALN LNiE�--'UNEAN � UNE�IAKE