A good rule of thumb is to think about planning for the next generation. Even though the code update suggests that things will be different in the future, this transition will not happen overnight. In fact, given the difficult economics of redevelopment, change is expected to be very gradual. Almost all of the property in the district is already developed. Even with incentives such as MUPTE (Multi-Unit Property Tax Exemption), the analysis suggests that about 250 new multi-family housing units will be built in the entire district over 20 years, along with a few dozen new jobs. This is good news for those who are concerned about change and not so good news for those who would like the long-term vision to happen sooner rather than later.
Change will happen whether we plan for it or not. This project is how we, as a community, can guide that change in a way that better meets our expectations.