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Milpitas Redevelopment
- 1. Redevelopment in the City of Milpitas Diana Barnhart Economic Development Manager City of Milpitas
- 2. Three town hall meetings for the Milpitas community to learn more about the Milpitas Redevelopment Agency. THURSDAY SATURDAY MONDAY February 24th February 26th February 28th 7:00pm to 8:30pm 2:00pm‐3:30pm 6:30pm‐8:00pm Multipurpose Room Committee Room, Community 1st Floor Auditorium The Milpitas Library Milpitas City Hall Milpitas Senior Center Redevelopment in the City of Milpitas
- 3. Overview of Slideshow • Show the legacy of benefits of redevelopment projects for Milpitas • Explain how the Milpitas Redevelopment Agency works • Encourage voters to engage state representatives about the importance of redevelopment Redevelopment in the City of Milpitas
- 5. Businesses Attracted By Milpitas Redevelopment Zones Great Mall Redevelopment in the City of Milpitas
- 9. How Redevelopment Works The Agency creates redevelopment areas Help build businesses and beautify the community. Milpitas Public Library City Hall Barbara Lee Senior Center KLA‐Tencor Sandisk Piercey‐Toyota South Bay Honda Great Mall of Northern CA Town Center Shopping Center Future BART Station Redevelopment in the City of Milpitas
- 10. Barbara Lee Senior Center Milpitas Public Library City Hall Town Center Shopping Center KLA‐Tencor Sandisk South Bay Honda Piercey‐Toyota Great Mall of Northern CA Linear Technology Future BART Station
- 11. As property becomes more valuable due to major improvements made through redevelopment investments, the increased value generates more tax dollars in the “Tax Increment.” This tax increment goes to the Redevelopment Agency to meet bond obligations, pay for new projects and fund public schools and other agencies through pass‐throughs. Redevelopment in the City of Milpitas
- 12. Significant Redevelopment Achievements • Provided assistance to the developers of the Great Mall through renovation of the Ford assembly plant • Built the new Milpitas Public Library • Built three freeway interchanges on the heavily used highway I‐880 • Implemented flood zone improvements that helped to attract businesses in southwest Milpitas such as Cisco Systems and KLA‐ Tencor among many others Redevelopment in the City of Milpitas
- 13. Redevelopment projects have attracted between 10,000 ‐ 15,000 jobs to Milpitas. Many of the largest employers in Milpitas are located in redevelopment areas, attracted to Milpitas through the city's redevelopment policies. Large businesses provide opportunities to the small businesses in close proximity. Redevelopment in the City of Milpitas
- 18. The Status of Redevelopment • California is facing a severe budget crisis • State budget – could eliminate redevelopment funding Redevelopment in the City of Milpitas
- 19. The Immediate Future of Redevelopment is in Flux • Friday, February 18th – State and Assembly Budget Committees vote to eliminate redevelopment • “Reforms in lieu of elimination“ – Assembly Budget Committee • Budget must be approved by State Legislature Floor Vote • Dep’t of Finance Issued Emergency Elimination Legislation Today (Wed. Feb 23rd) • Governor Brown sets target for decision for March 10th Redevelopment in the City of Milpitas
- 20. While the City of Milpitas recognizes that reforms to redevelopment can be helpful, ending the Milpitas Redevelopment Agency would mean the loss of not only millions in transfer funding but also put needed work on community betterment at risk. Redevelopment in the City of Milpitas
- 21. Recent Successful Redevelopment Project • Protection of jobs at Flextronics Inc. • Flextronics Inc. manufactures SunPower solar panels in Milpitas • Milpitas hosts the only U.S. manufacturing plant for SunPower solar panels. “Milpitas picked for SunPower manufacturing” – Silicon Valley Business Journal “Arnold, SunPower, Flex Bring 300 Greentech Jobs to California” – Greentechmedia.com Redevelopment in the City of Milpitas
- 22. Redevelopment Achievements in Milpitas • Great Mall • Milpitas Library • Milpitas Community Center • City Hall • Police Station • Terrace Gardens Senior Housing • Montague interchange with I‐880 • Tasman/I‐880 Interchange • 237‐I‐880 Interchange • Milpitas Senior Center • Fire Station 1 • Dixon Landing Interchange • Calaveras Blvd. Widening • Montevista Apartments Redevelopment in the City of Milpitas
- 23. Redevelopment Efforts at Risk • Major infrastructure improvements that will protect job centers and many residential neighborhoods for continued community development. • Financial assistance for business retention and attraction. • Continued flood control. Redevelopment in the City of Milpitas
- 24. Long‐Term Projects at Risk • Infrastructure projects to support Transit Area Master Plan. • Redevelopment of older, blighted shopping centers. • Revenue generating projects such as a conference center. • Community serving facilities such as the new Senior Center and Public Library. Redevelopment in the City of Milpitas
- 25. Additional in‐depth information on redevelopment can be found on The City of Milpitas Redevelopment Agency’s Website http://bit.ly/MRA2011 Redevelopment in the City of Milpitas
- 26. Call or Email Your State Representatives Today to Save Redevelopment Bob Wieckowski State Assemblyman assemblymember.wieckowski@assembly.ca.gov Capitol Office: District Office: State Capitol 39510 Paseo Padre P.O. Box 942849 Parkway Suite 280 Sacramento, CA 94249‐0020 Fremont, CA 94538 Ph: (916) 319‐2020 Ph: (510) 440‐9030 Fx: (916) 319‐2120 Fx: (510) 440‐9035 Ellen Corbett Senate Majority Leader senator.corbett@senate.ca.gov Capitol Office: Fremont District Office: State Capitol, Room 313 39155 Liberty St., #F610 Sacramento, CA 95814 Fremont, CA 94538 Ph: (916) 651‐4010 Ph: (510) 794‐3900 Fx: (916) 327‐2433 Fx: (510) 794‐3940 Redevelopment in the City of Milpitas