City has potential but needs a plan: urban expert
April 09, 2010
Meredith Macleod
The Hamilton Spectator
http://www.thespec.com/News/Business/article/750385
Hamilton has the ingredients for revitalization but it has to write the recipe, says a noted urban renewal expert who will be the keynote speaker at next month's Hamilton Economic Summit.
"Hamilton is a jewel. You have a catalogue of restorable assets," Storm Cunningham told a small group of key summit organizers this week.
"I do a lot of work in Canada ... and whenever I'm asked what is a prime city for revitalization, Hamilton always immediately comes out of my mouth."
Cunningham, an urban revitalization consultant and author of The Restoration Economy and reWealth, spent a couple of days touring Hamilton and talking to civic leaders this week in order to tailor his message for the May 17 community luncheon.
He'll be focusing on downtown renewal.
"It's hard to imagine a place with more potential than Hamilton," he said, citing the waterfront and underused buildings in the core.
But potential doesn't guarantee success, he cautioned.
The city has to create a vision of its future, set up a strategy to get there and bring the right people and institutions into the mix to put it in action.
The key is to have an organization dedicated to perpetuating renewal, whether that's a city council, a university, a community foundation or even a private sector developer, Cunningham said.
Otherwise, good things happen in fits and starts but momentum and investor confidence won't build, he said.
The third annual Hamilton Economic Summit will focus on business opportunities through the Pan Am Games, transportation and downtown renewal. The event is about two-thirds sold out for the invitation-only portion.
The luncheon, featuring Cunningham and moderated by McMaster professor Nick Bontis, is open to the public and tickets are available.
There is also a free Next Generation youth summit happening at the same time.
The summit's budget this year is about $290,000, raised by ticket sales and sponsorships. That pays for the cost of running the event and will go to launching the first phase of the Next Generation strategy to "attract and retain highly educated and mobile next-generation talent," according to the website.
Cunningham warned that cities can't buy their way to renewal or expect that a new stadium, convention centre or rapid transit system will be the silver bullet.
"It's not about buying a product but building a process."
A community has to prove to deep-pocketed investors that it knows where it's going and has a road map to get there. Those investors are lured by the "perfect combination of low property values and high potential," he said.