Los Angeles County Fairplex, Pomona, CA – Advisory Service Panel

I had the pleasure and honor of participating on an Urban Land Institute Advisory Services Panel in California last month. The subject site was the 487-acre Fairplex, best known as the home of the Los Angeles County Fair. Urban Land Institute was invited to re-imagine this site’s potential as an economic engine and year-round destination and to identify opportunities for:

  • Improving land use, sustainability and utilization of existing assets

  • Creating economic impact

  • Improving the flow of visitors from future mass transit resources and within the Fairplex complex

  • Enhancing programming and visitor experience with new landscaping and experiential opportunities

  • Generating additional revenue

  • Creating mutually beneficial partnerships with community businesses and organizations

  • Connecting with and engaging the local community.

We had a great group of professionals on the panel, and I enjoyed working with the Fairplex’s management and operations teams.

A summary of the recommendations and the presentation can be found here.

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The Multiplier Effect in Action

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As I was helping a relative get some trees trimmed in his front yard, I found a real world demonstration of what we call the “Multiplier Effect” in economic development.  The idea is that every job that is added to an economy also leads to the creation of additional jobs indirectly— jobs that are created to serve the business and homes of the people doing the original jobs.  In this photo of a short stretch of a residential street in intown Atlanta, you can see a HVAC repair truck, a plumbing truck, two electrician vans, and two tree-trimming trucks.  Right after I snapped the photo, an Amazon delivery van and dry-cleaning delivery van drove by. 

So on this half-block, at this single moment in time, six people with six jobs living in six houses are driving 12+ additional indirect jobs, along with countless more dispatchers, mechanics, parts wholesalers, fleet managers, accountants, and other folks working behind the scenes.

That is how the multiplier effect works.

Troup Communities Call on Bleakly for County-wide Housing Study

When the Troup County Center for Strategic Planning, the City of LaGrange, the City of Hogansville, and the City of West Point desired to create and launch a locally-based plan to meet their housing needs, they relied upon Bleakly Advisory Group to help complete the tall task.

As detailed in a recent article in the LaGrange Daily News, the Georgia Initiative for Community Housing (GICH) helped to initiate the Bleakly study of the local housing market, which included a supply and demand analysis and and strategy development.

“A large portion . . . revolved around the reasons why people who work in Troup County and live elsewhere choose to live outside the county. Some of the reasons cited in the results included quality of schools, taxes, public safety, and housing costs. However, housing variety was singled out as a significant area of focus. . .”

In addition to a deep dive into the data on the local housing market, the results were also based on a survey that asked residents and people who work in the county to assess current housing supply and future housing needs.” 

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Welcome Jon McKenley, Bleakly Advisory Group's Newest Consultant

Jon McKenley

Jon McKenley

Please help us welcome Jon McKenley, the newest member of the Bleakly Advisory Group team. 

Prior to joining Bleakly Advisory Group, Jon was an Urban Planner II with the City of Atlanta in the Department of City Planning. While there he served as liaison between all 25 Neighborhood Planning Units (NPUs) and the City government, and also managed the NPU Grant Program and Community Leadership Institute of Atlanta. Prior to working at the City, Jon interned at the Georgia Department of Economic Development.

Jon earned a Bachelor of Arts degree at Georgia State University’s J. Mack Robinson College of Business, majoring in Managerial Sciences and minoring in Planning & Economic Development.

Jon’s research and analytical skills have already made him an integral part of the Bleakly Advisory team.

Congrats to Bleakly Advisory Group's Newest Grad

Clare Healy

Clare Healy

Big congratulations go out to Clare Healy, Bleakly Advisory Group’s graduate intern consultant. Clare walked with Georgia Tech’s graduate program scholars last weekend after completing her master's degree in city planning at Georgia Tech. She is still hard at work on the Flats, as she is on track to collect a master’s in real estate development after the summer term.

Clare’s top-notch work has attracted the attention of the real estate community in her hometown. Clare has accepted a position with 3CDC in Cincinnati, Ohio beginning August 2019. We hate to see her go, but know she will be a true asset to her new firm. Congratulations Clare!

Bleakly Advisory Group Analysis Featured in Downtown Atlanta Profile

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In 2017 Bleakly Advisory Group completed a market analysis for Central Atlanta Progress, Inc. (CAP) that is currently being used to help plan for dynamic growth in the core of the unofficial “Capital of the South.” Bleakly’s work helped to set the stage for the well-received Downtown Atlanta Master Plan, which was released in 2018. Recently, Bleakly Advisory Group’s work was again highlighted in an Atlanta Business Chronicle article titled “Residents of tourist-driven areas make Atlanta visitors feel welcome.

“About 8.7 million people are drawn to downtown Atlanta’s tourist attractions annually, according to a 2017 report by Central Atlanta Progress. And while 26,850 people lived downtown as of 2016, a real estate market analysis by the Bleakly Advisory Group projected at least another 8,300 residents will move there by 2031,” the ABC article says.

Bleakly Advisory Group Assists Georgia's Rome with new Tax Allocation District (TAD)

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As detailed in the Rome News-Tribune:

Rome’s Redevelopment Committee has approved the creation of a Tax Allocation District on three parcels at a former Kmart property on Hicks Drive.

Bleakly Advisory Group assisted the City of Rome with the creation of the Redevelopment Plan that must be approved by the Rome City Council for the TAD to begin operation.

Geoff Koski, president of Bleakly Advisory Group, recently presented the plan to the committee, which outlines the need for the district.

The news article continues:

“This particular project makes a lot of sense,” Koski said. It encompasses 19.7 acres. The estimated fair market value of these parcels for tax purposes is $3.7 million and the assessed value, or taxable value, is $1.5 million.

Koski said the $35 million in annual sales that could generate more than $1.5 million in sales tax revenue for the city, coupled with the loss of jobs when Kmart closed in 2016, would qualify the site for a TAD under Georgia law.

“It is in the public’s best interest to have that site active again,” Koski said.

Read more here: http://www.northwestgeorgianews.com/rome/business/tax-allocation-district-on-former-kmart-property-on-hicks-drive/article_c2863588-50b8-11e9-8f3b-6f8eaa75b5bf.html

Geoff Koski of Bleakly Advisory Group Accepted into Forbes Real Estate Council

Geoff Koski, Bleakly Advisory Group

Geoff Koski, Bleakly Advisory Group

Forbes Real Estate Council Is an Invitation-Only Community for Executives in Real Estate

Geoff Koski, president of Atlanta-based real estate and economic development consulting firm Bleakly Advisory Group, has been accepted into Forbes Real Estate Council, an invitation-only community for executives in the real estate industry.

 Mr. Koski was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

 “We are honored to welcome Geoff Koski into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Real Estate Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

 As an accepted member of the Council, Mr. Koski will connect and collaborate with other respected local leaders in a private forum. He will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com, and to contribute to published Q&A panels alongside other experts.

 Mr. Koski’s reaction upon learning of his acceptance into Forbes Real Estate Council: “I am really excited about joining. I expect that my participation will help Bleakly Advisory Group further cement our leadership role in the Atlanta real estate and urban planning industries.”

 ABOUT FORBES COUNCILS

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

 

For more information about Forbes Real Estate Business Council, visit forbesrealestatecouncil.com.