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Marne-la-Vallée Master Plan

Marne-la-Vallée Master Plan

The Marne-la-Vallée master plan was part of an overall new town economic development plan to relieve urban development pressures on Paris.  Our work noted here was conducted by a predecessor company in which our co-founder was a partner.   Our work in connection with the Marne-la-Vallée master plan included the land use planning and strategic business planning support for client Walt Disney Co.

 

The strategic business planning work included product concepting and financial analysis for various sections of the master land use plan, including specific feasibility issues raised by client’s  strategic planning department.  Work performed also included overall land development consulting analysis such as land residual valuations – a means of depicting build-out value for various master plan and build-out scenarios, as well as financial studies of alternative routings of planning golf course facilities.

 

Marne-la-Vallée is a new town, an economic development strategy for the greater Paris region of France.   It is about a 50-minute drive (by auto) from the center of the Marne-la-Vallée new town master plan which includes Paris Disneyland, over to central Paris (at or about Pont Neuf).   By metro the trip is about one-half the time by automobile.  The Marne-la-Vallée project was one of five new towns envisioned in the early 1960’s, and emerged among these other concept new towns as the largest.

 

The new town was intended to take some of the urban development pressure away from Paris and place a new focus in a new location.  Paris Disneyland was the business “anchor” for propelling the start and growth of the new town region.   From a population of Marne-la-Vallée has a current population of more than 280,000 residents.  The Marne-la-Vallée master plan called for a potential of 500,000 residents at full build-out.

 

Other major institutions that located in this new town include Université Paris-Est Marne-la-Vallée and École des Ponts ParisTech, among numerous others.  The Descartes Cluster is also situated in Marne-la-Vallée new town, the largest concentration in France of research centers (50+), higher education organizations and businesses involved in green technologies and city sustainability.

 

The master planning process for Paris Disneyland (then Euro Disneyland) was comprehensive and wide-ranging. Disney’s overall project included master-planning of a major regional theme park and themed entertainment district in the vicinity of the theme park.

Office and Industrial Consultants - Local government real estate consultants

Urban Core Revitalization – Spring Street Los Angeles

City of Los Angeles CRA  |  As real estate project consultants to the Los Angeles Community Redevelopment Agency, StoneCreek Partners provided financial analysis and evaluation of illustrative deal structuring for various public-private intervention strategies to achieve the economic turnaround and urban revitalization of the Spring Street corridor in downtown Los Angeles.  The redevelopment analysis included consideration of funded public subsidies, and transferred development rights.

 

Spring Street in downtown Los Angeles was once called “Wall Street of the West,” home to numerous major financial institutions, the old Pacific Stock Exchange, and many of the city’s finest office buildings dating back to the early days of downtown Los Angeles. A 1994 strategic plan for downtown called for a mix of public and private investment in retail, housing and commercial development.

 

Over the years, various efforts have sought to revitalize the Spring Street Corridor, including the successful opening of the Ronald Reagan State Building – at the corner of Spring Street and Third Street.

 

Joint Development Strategies for Metro Rail

Joint Development Strategies for Metro-Rail

Los Angeles County Metropolitan Transportation Authority  |  Acted as local government consultants to the City of Los Angeles providing Joint Development Strategies for Metro-Rail development, including financial and market analysis, for so-called “joint pubic-private real estate development opportunities” at potential Los Angeles Metro Rail stations.

 

Joint development refers to commercial development that is encouraged at such stations stops as part of the overall regional economic strategy for such transportation development. Work effort included a market feasibility studies with financial recommendations to document the fiscal economic impact of such joint development strategies.  Our work providing joint development strategies for Metro-Rail also included identification of analogous projects from other regions, and prototypical public-private mixed-use developments at specific Metro Rail stations.

 

Los Angeles Metro Rail is an urban rail system serving Los Angeles County, California, operated by the Los Angeles County Metropolitan Transportation Authority.  It consists of six lines, including two rapid transit subway lines (the Red and Purple lines) and four light rail lines (the Blue, Green, Gold and Expo lines) serving 93 stations.

 

L.A.’s Metro Rail started service in 1990.  Metro Rail had two predecessors which unfortunately were discontinued for reasons unrelated to ridership success.  The prior rail services were the the famed Pacific Electric Railway Company a/k/a the Red Cars and the Los Angeles Railway Yellow Car lines, which operated between the late 19th century and the 1960’s.  The Red Cars was a privately owned mass transit system in Southern California consisting of electrically powered streetcars, interurban cars, and buses and was the largest electric railway system in the world in the 1920s.   There are still vestiges of the old Red Car system in Los Angeles, visible in the lot lines and building edges that were once situated along the Red Car route alignments.

 

Local government real estate consultants

StoneCreek Partners has acted as local government consultants for real estate development, for an array of federal, state, regional and local municipalities and agencies.

Tribal economic development, a partial, view, for Morongo reservation lands.

Economic Development Plan – Tribal Lands

Morongo Band of Mission Indians  |  As land development consultants, StoneCreek Partners prepared a tribal economic development plan for the Morongo Indian reservation that encompasses almost 50 square miles of land.  The work occurred at a time when tribal gaming operations were housed in a temporary prefabricated building situated in Cabazon (California) along Interstate 10 on the periphery of Palms Springs.  The economic development plan included an analysis of regional economic growth by sectors, the feasibility of potential business projects, and the specific suitability and infrastructure availability throughout the reservation.

 

The tribal economic development plan included a master plan and land development strategy for all lands along the interstate that leads in and out of Palm Springs.  Phase 1 conceptual plans included relocation of the tribe’s existing casino into the heart of a new master-planned development.  Casino Morongo Resort & Spa, a 304-room hotel with 113,000-square-foot casino, was subsequently constructed by Perini Building Company.  With its grand opening in 2004, the Morongo destination gaming resort became one of the largest tribal gaming facilities in the U.S.  The Morongo Indians had their start in the gaming business in 1983, when tribal members started a bingo hall.

 

The Morongo Indian Reservation was established in 1876, one of nine reservations created by a Presidential executive order of President Ulysses S. Grant.