Moule & Polyzoides Receive Smart Growth EPA Award
Top Prize Awarded for Work on BLVD Transformation ProjectSubmitted on 11/30/2012. Tags for this image:
Congratulations are in order to Moule & Polyzoides for receiving the top prize, Overall Excellence, for the Environmental Protection Agency's Smart Growth Awards for 2012!
Chenin Dow, Project Assistant for the City of Lancaster, recently posted some statistics on the dividends the transformation project is starting to pay:
· The BLVD has attracted 49 businesses since late 2009.
· Revenue from the downtown area is up 96% compared to the same period in 2007, the year before revitalization efforts began. (The Downtown Lancaster Specific Plan was adopted in 2008.)
· The project cost was approximately $11.5 million for a per-block cost of approximately $1.27 million.
· While Lancaster’s assessed property valuation fell 1.25% overall from 2011 to 2012, property values in the downtown area rose 9.53%.
· Private investment is estimated at $130 million.
· Over 800 permanent jobs have been created, in addition to approximately 1,100 temporary construction jobs.*
· The project has generated an estimated $273 million in economic output.*
· Just over 800 housing units have been constructed or rehabilitated.
· Over 116,000 square feet of commercial space has been constructed or rehabilitated.
· New public amenities include American Heroes Park, a 13.5-acre, $7 million facility, and the Lancaster Museum of Art & History (MOAH), a three-story, 19,246-square-foot complex.
· The overall number of traffic collisions has been cut in half, while injury-related collisions have plummeted 85% as a result of the new streetscape and traffic pattern. (These figures compare the two-year history prior to the transformation with the two years following.)
*Figures determined using the California Redevelopment Association’s IMPLAN Jobs Calculator.