Rural Creative Placemaking Initiatives and Success in Trinidad
Governors Office of Economic Development & International Trade supports creative placemaking in rural communities through grants, training, and funding opportunities. Trinidad, facing challenges, turned its decline around with strategic investments, attracting businesses, increasing revenue, and revitalizing its community through innovative projects.
- Creative Placemaking
- Rural Development
- Trinidad Success Story
- Community Revitalization
- Economic Growth
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Presentation Transcript
Governors Office of Economic Development & International Trade Creative Placemaking in Rural Communities
Rural Creating Placemaking Initiatives Grants with (NEA, State, Private Philanthropy) Change Leader Training (State) Creative Opportunity Counties (NEA, State) Creative Districts (NEA, State & Local Government, Private Philanthropy) Creative District Community Loan Fund (State & CDFI) Space to Create (Local, State, Federal, Philanthropy, Private Investors) Rural Philanthropy Days (Philanthropic Partners, State & Community Foundations)
Trinidads Story in 2012 Population declined from 30,000 to 9,400 20+ years of City budget shortfalls Loss of mining and extractive industry jobs Recurring turnover in elected leadership Young people leave and don t return Aging population and infrastructure Abandoned and blighted buildings
Groundwork between 2013-2016 Historic Building Analysis (History Colorado) Downtown Retail Uses & Leakage Assessment (Downtown Colorado Inc.) Formalized Creative District & Main Street strategies (State agencies) Updated building codes (Local Government) Activated Urban Renewal Authority (Local) Enacted anti-blight ordinance (Local) Retail cannabis sales approved (State, Local) Selected as Demonstration project for Space to Create
Trinidads Success 2012 Today * Commercial Building Investment $1.2 M Commercial Building Investment $37m Lodging Tax Collections $150K Lodging Tax Collections $554K Vacancy Rate in Downtown 63% Vacancy Rate in Downtown 13% Commercial Real Estate Trans. 6 sales Commercial Real Estate Trans. 42 sales General Fund Revenue No growth General Fund Revenue $4.8M increase Declining population New signature events 3 Abandoned buildings Acquisition of Fisher s Peak/state park designation (19,000 acres) $25.4M Blight Population increase/creative sector attraction Space to Create demonstration project Restoration and re-use of historic buildings
Space to Create Stimulate community & economic development in rural & small towns/9 regions Affordable live/work, community, retail and commercial space Partnership among state agencies: Economic Development, CCI, Dept of Local Affairs, Housing, History Colorado Partnership with philanthropy: Boettcher, Gates, El Pomar and community foundations First state-led initiative for live/work spaces for creative sector in rural areas Trinidad: 41 units of live/work space, 20,000s.f. community & retail space ($18M) Ridgway: 26 units of live/work space, 3000s.f. community space ($10M) Paonia: Completed Feasibility & Market Studies, assessing project scope Grand Lake: Completed Feasibility& Market Studies
