NJFuture Redevelopment Forum 2015 Vajjhala
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How working across sectors can leverage investments in infrastructure to provide multiple benefits.
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NJFuture Redevelopment Forum 2015 Vajjhala
- 1. Shalini Vajjhala New Jersey Future Redevelopment Forum March 13, 2015 .
- 2. The High Cost of Infrastructure Failure Image credit: YouTube
- 3. Designing & Financing for Resilience Image credit: Instagram (paulphootrakul)
- 4. A New Framework for Predevelopment
- 7. A Systems Approach to Predevelopment
Notas do Editor
- UCLA flood last year – water main break flooded campus. 10+ million gallons of water. Millions of $ in damages. This is what deferred maintenance looks like.
- To give a concrete example of predevelopment: imagine taking the UCLA flooded parking garage and redesigning it to integrate underground parking with stormwater storage … on purpose. That’s what RE.invest was designed to do. Bring together ideas from across sectors to make them both more resilient and more financeable at the end of the day. It’s counterintuitive, but sometimes making a project bigger can actually make it cheaper … by attracting private investment interest. This is a really important idea at the core of the RE.invest process.
- Predevelopment are all the activities that go into designing and developing an infrastructure project before construction.
- 3 major partners – Bechtel, Akin & Finance team
- 8 cities
- So how did we do that? 2 years 3 main tracks – engineering, legal, and finance. Lots of iteration.
- Cities & utilities gain access to best-available resilience technologies Innovative companies have a streamlined path to validation in new markets Communities participate in curating exhibits & accessing job training
- Cities & utilities gain access to best-available resilience technologies Innovative companies have a streamlined path to validation in new markets Communities participate in curating exhibits & accessing job training
- 6-step approach, developed after working with all 8 RE.invest partner cities. Focused on problem solving and creating investable projects.