BJH performed an economic and fiscal impacts analysis of an arts-based, mixed used development called Bronx Commons. The project plan consists of several components, including 293 affordable housing units (15% of which are to be targeted at musicians), performing arts and studio facilities, and a high school focusing on musical training. BJH’s scope included calculating the one-time and ongoing economic impacts (direct, induced and indirect) of the project. One-time impacts include construction spending and employment. Ongoing impacts include benefits of the housing project to the artists/tenants, as well as the benefits of having studio / work space adjacent and affiliated with the housing. In addition to the quantitative impacts, BJH undertook a qualitative narrative of project impacts that highlighted the development’s creation of a focal point for income generating opportunities for musicians. The narrative provided case studies for how an area’s musical heritage could catalyze further economic activity, activity not traditionally accounted for in traditional economic multipliers. BJH finally assessed the characteristics of musician-driven, home-based employment, and how these activities contributed to the local economy in broad ways not traditionally associated with home-based employment.
Kei Hayashi was the economic expertise behind Making Midtown, a blueprint for rethinking the Garment District in Midtown Manhattan, sponsored by Design Trust for Public Space, a highly regarded non-profit that considers the built environment in New York City, and which has sponsored projects such as the High Line and the Taxi of Tomorrow in their nascent stages. The Making Midtown project brought together key stakeholders in a community planning process – engaging developers, current building owners, manufacturers, and designers, as well as City officials.
Kei was responsible for modeling all of the developer returns and potential impacts on the City from various rezoning scenarios. Her industrial development experience played a key role in shaping the recommendations, which included the creation of new public and private programming to assist garment manufacturers that were too small to own their own space in the District.