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Comprehensive Plan
March 2017
Thomas Eddington, AICP Charles Buki
Vice President - Planning and Design President
Approach
Project Timelines
Translates the why - based on core values and market conditions - into a decision
making framework that can be applied both to whats known and unknown
Review
Get the big things right
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$40,809
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$45,643
Review
What do we have to know now?
Approach
1 Analysis
3 CompleIon + PresentaIon
PROPERTY SCORING
PHASE 1
Phase JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN
1 Analysis
3 CompleIon + PresentaIon
Phase JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN
1 Analysis
3 CompleIon + PresentaIon
Phase JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN
1 Analysis
3 CompleIon + PresentaIon
At the corporate level, TARGET has made three determinations for the period 2017-2019:
- It will make a $7B investment in old and tired stores around the country, especially when local jurisdictions are matching these
investments.
- It will concurrently begin to strategically move away from regional and towards town/urban locations.
- It will re-evaluate its leases based on on-line and other factors under consideration
These determinations have led TARGET to approach the City of Waynesboro, and TARGETs commercial leasing and
brokerage partners for some properties, and note the following:
- It is evaluating potential TARGET and Super TARGET alternative locations nearer to 64/81 and is presently in active conversations with
Staunton economic development officials and those another neighboring jurisdictions with overlapping trade areas.
- If TARGET is to stay in Waynesboro, it is figuring it will need to invest $8M in upgrades, and TARGET wants the City to defray these
costs to an extent necessary to make staying in Waynesboro preferable to leaving for another possibly nearby location.
- TARGETs corporate aim is to be increasingly located in more amenity-rich settings than the Waynesboro Town Center is; this means
they need the center to be upgraded, so they want more height and a mix of uses, changes the centers current owners may not wish
to make at this time without a city partner since such changes are not really within their business model.
You are to make a recommendation to the City Council:
1. Do you recommend the city make cash contributions to the Target redevelopment? Why or why not?
2. Do you recommend the city modify the zoning code to allow for denser development and a greater mix of uses? Why or why not?
3. What are your and the communitys core values that factor into how you evaluated this scenario and recommend the city respond?
4. What are the target market implications this challenge poses?
KTC #2b - Changing Retail Circumstances
HYPOTHETICAL FOR DISCUSSION PURPOSES ONLY
KOHLS has been re-evaluating store performance, location, and labor capacity
- Stock plunged 19% in January forcing the board of the Wisconsin based retailer to re-think its long term position in many
markets, including its 29 Virginia stores. In examining its market share in the region, it is being advised to unilaterally keep its
Harrisonburg and Charlottesville stores, but to reconsider its Waynesboro presence in the context of overtures being made to
Kohls by Staunton Crossing LLC and some of its equity partners.
- Staunton Crossing LLC has finalized contracts with Marriott-Fairfield, Chick-fil-A, Aldi, Tru-Hilton, Bojangles.
These factors have led KOHLs to approach the City of Waynesboro and note:
- Kohls really likes Waynesboro; it really likes the location.
- But they are seeing contractions nationally and regionally and their cash flow from the Waynesboro store is not keeping pace
with Harrisonburg, Lynchburg, Charlottesville, Roanoke, or Culpepper
You are to make a recommendation to the City Council:
1. Kohls has made no direct overtures to the city, but you know they like the Fisherville, Staunton and other locations as possible
store sites as they evaluate the size of their presence in the region..
2. How should the comprehensive plan wrestle with retail in general and the Waynesboro Town Center in particular?
3. What core values factor into how you and your community think about the challenges posed here?
4. What target market considerations are you giving to this challenge?
KTC #2c - Changing Retail Circumstances
HYPOTHETICAL FOR DISCUSSION PURPOSES ONLY
Option 1 Option 2 Option 3
Minnesota-based Cargill is planning to expand its presence in the region, and wants to grow on both sides of I-81
- It presently operates several facilities in the Harrisonburg area, the main one being a 19 acre processing facility near Bridgewater.
- It would like to open a new turkey/poultry processing facility in Waynesboro and has selected three sites it believes would be suitable, and
they like them all.
- Their 1st choice is a 21 acre site behind Berry Plastics and the Industrial Park.
- Their 2nd preferred site is at the intersection of 6th and North Charlotte by the South River
- Their 3rd choice is a 27 acre site is near Mt Torrey Road, a site owned by the city.
- They like the labor force match they seek, and in either location promise to being 4 managerial jobs at $70,000 each and 60 FT
processing jobs at $14-19/hr plus benefits, direct impact of more than $20M the next 15 years to the Waynesboro economy.
- Both sites require zoning modifications
- Cargill promises top dollar to sellers, and does not require any financial incentives, but will take their expansion plans elsewhere if unable
to secure zoning changes in a timely manner.
You are to make a recommendation to the City Council and Planning Commission:
1. What do you like about the Cargill potential? What dont you like? Why?
2. What questions come to mind when thinking about such possible development?
3. Do you recommend zoning/regulatory accommodations be made to bring about this economic development opportunity?
4. What core values factor into how you and your community think about the challenges posed here?
5. What target market considerations are you giving to this challenge?