BOA Slides 3-1-11 FOR PRINTING MONICA — File 190948

Laying the Groundwork for the Next Economic Cycle Mayor Joseph A Curtatone Office of Strategic Planning and Community Development

• Keystones of Our Community • Somerville’s Economy, Past & Present • Vision for Somerville’s Future • Framework for Success Agenda:

Raise Raise a Family Family Work Work Live Live Community Community Economic Economic Opportunity Opportunity Culture Culture Wellness Wellness & Safety & Safety Sustainability Sustainability Diversity Diversity Keystones of Our Community Somerville Somerville: A Great A Great Place Place to: to: Play Play

0 20,000 40,000 60,000 80,000 100,000 Total Population Source: US Census Somerville’s History 102,000 102,000 77,000 77,000 78,000 78,000 104,000 104,000 90,000 90,000 1,000 1,000 20,000 20,000 40,000 40,000 77,000 77,000 1850 1850 1900 1900 1950 1950 2000 2000

18,569 20,068 22,451 22,312 23,206 22,098 21,411 21,102 21,856 20,699 19,004 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Jobs in Somerville Almost No Net New Jobs Change in 20 Years 20 year Average

Jobs in Somerville 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Health and Social Retail Admin and Waste Restaurant and Food Number of Jobs Source: US Bureau of Labor Statistics Majority of jobs in              low‐wage, part‐time, limited‐benefit sectors Employment Sector Classification

Size of Somerville Businesses 1,410 554 112 57 20 0 200 400 600 800 1,000 1,200 1,400 1,600 1 ‐ 4 5 ‐ 19 20 ‐ 49 50 ‐ 149 Over 150 Employees Number of Businesses Employer Size Classification Vast majority                     of businesses are small          and local‐serving

Jobs in the Metro Region Total Employment by Municipality 560,000 108,000 14,000 21,000 18,000 8,000 47,000 47,000 54,000 0 100,000 200,000 300,000 400,000 500,000 600,000 Boston Cambridge Brookline Somerville Medford Arlington Quincy Newton Waltham Jobs Source: Bureau of Labor Statistics

Jobs and Labor Force in the Metro Region Number of Jobs vs. Number of Residents in the  Labor Force 1.69 1.75 0.44 1.18 1.51 0 0.2 0.4 0.6 0.8 1 1.2 1.4 1.6 1.8 2 Boston Cambridge Somerville Newton Waltham Jobs per Labor Force Member Source: Bureau of Labor Statistics

Boston Metro Region: 1990‐2010 Boston adds 32 million square feet (msf) of commercial space Cambridge develops BioTech, R&D, Incubator clusters (3 msf) 128 Belt becomes hub for Information Technology  (6.5 msf) Interstate 495 becomes distinct office sub‐market (11.5 msf)

Somerville: 1990‐2010 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 11,000,000 12,000,000 1995 2000 2005 2010 Fiscal Year Commercial / Industrial Space (sf) Source: Somerville Assessing Dept. 4% increase in  commercial space   in 20 years  (500,000 sf)

Somerville Labor Force Somerville Residents with a College Education 0 5,000 10,000 15,000 20,000 25,000 30,000 1950 1960 1970 1980 1990 2000 2010* Number of Residents Source: US Census 55% of Somerville adults   have a college education

Jobs and Labor Force in Somerville 21,000 21,000 Jobs Jobs Labor Force Labor Force 45,000  45,000  Average Wages Average Wages $38,000 $38,000 Average Income Average Income $55,000 $55,000 6,000 6,000 High High‐Skill Jobs Skill Jobs 30,000  30,000  College College‐Educated Adults Educated Adults

Where Somerville Residents Work 1,600 1,600 Medford 12,500 12,500 Boston 2,000 2,000 Newton/ Waltham 9,000 9,000 Cambridge 7,000 7,000 Somerville 10,000 10,000 Other

15% 15% 85% 85% 85% of residents  will live within ½ mile of rapid transit Return to Transit

Return to Transit Planning for Growth Oakland, CA Arlington, VA

Return to Transit Failure to Plan West Hyattville, MD Glenmont, MD

Framework for Future Policy Determining vision, priorities, preferred future land uses and  their scale & design Infrastructure Right‐sizing & providing infrastructure to meet needs of future vision Land Identifying sites in need of remediation & parcels to be consolidated  Catalyst Projects Facilitating projects that incentivize private development in a geographic  area by helping to change the perception of the area, increase foot traffic,   increase demand for goods and services, and/or remove blight. Occupancy Providing programs that support tenants and re‐tenanting (marketing,  microloans, storefront improvements, etc)

Sewer Energy Storm Telecom Land Land Infrastructure Infrastructure Policy Policy Catalyst Projects Catalyst Projects Occupancy Occupancy Framework for Future

Vision for Somerville’s Future Policy • Hundreds of residents have participated • 60‐member Steering Committee • Upcoming community meetings March 2011

Where to Conserve, Enhance, Transform? Policy Transform Transform Enhance Enhance Conserve Conserve

Future Economies Commission Policy Assemble business and academic experts to: • Identify next wave of innovation (e.g. nanotech) • Understand changing economic trends (e.g. future of  storefront retail) •Build relationships with industry groups • Develop strategy to recruit companies to Somerville

Infrastructure Impacts of Inadequate Infrastructure 

Infrastructure Impacts of Inadequate Infrastructure 

Land Impediments to redevelopment  Outdated street  and parcel  networks

Land Somerville’s Industrial Legacy  475 identified  brownfields

Land Urban Renewal Districts  Possible  Possible  Future Future Past Past Present Present

Catalyst Projects 20 Holland Street (Harvard Vanguard Building) 212 Elm Street  (Citizens Bank Building) Catalyst Projects Examples from Davis Square 

Catalyst Projects Catalyst Project Sites 

Catalyst Projects Kiley Barrel Potential for: • 86,000 sq. ft. of developable space • Ground floor retail

Catalyst Projects Library/City Hall/Private Office Building Potential for:  • 135,000 sq. ft. municipal facility • 200,000 sq. ft. private office • Ground floor retail • Public parking garage

Catalyst Projects Post Office Potential for: • 27,000 sf mixed use/entertainment • 17,000 sf of performance space • 10,000 sf of rentable space • Preservation of historic mural & building

Catalyst Projects Union Square Transportation Plan Potential for:  • 38,000 sq. ft. public gathering space • Improved level‐of‐service • Commercial use at 90‐92  Union Square

Catalyst Projects Waste Transfer Facility Potential for: • 260,000 sq. ft. mixed use development • Public Safety facilities • Private office space • New gateway to Somerville Source: MIT Student Work, 2005

Catalyst Projects Buena Vista Garage Source: Tufts Student Work, 2010 Potential for: • 80,000 sq. ft. of mixed use development • 100‐room hotel • Public parking garage

Catalyst Projects 161/165 Broadway Source: Tufts Student Work, 2010 Potential for: • 50,000 sq. ft. mixed use development • Ground floor retail • New senior & youth center • Restoration of historic tower & facade Broadway

Occupancy Artisan’s Asylum & Design Annex Working with academic & nonprofit partners to meet demand for  startup space and support the next generation of design/manufacturing/  fabrication entrepreneurs Incubation Partnerships

Occupancy Storefront Improvement & Retail Best Practices Programs Working with landlords, tenants & nonprofit partners to provide technical  assistance and low‐cost loans for exterior renovations, signage  improvements and interior design Commercial Property Improvements 

Discussion

Conclusion • Somerville is at pivotal moment in its history • Transit can be a catalyst for increased economic opportunity • Without policy and action, new transit will fail to deliver • Financial sustainability and quality of life requires thousands of     new Somerville jobs