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6 =u'lj 11.1 <br />3. Economic Growth & <br />Citywide Revitalization <br />Tagline: Build the Portsmouth <br />of Tomorrow. <br />Tone: Growth that reflects <br />pride, opportunity, and a <br />modern city identity. <br />Outcomes: <br />City of Portsmouth <br />2026-2030 <br />Strategic Pillars <br />GOALS: <br />Short -Term (1-2 Years) <br />• Demo City Jail <br />• Apply for IDA (Intensely Developed Area) for <br />City -Owned Waterfront Property <br />• Crawford Bay – Solicitation of Developers <br />• Form a Shipbuilding & Defense Industry <br />Roundtable to strengthen partnerships and attract <br />new investment in maritime -related sectors. <br />• Clean up the Crawford Bay redevelopment site <br />and use it as a public space until construction <br />starts. <br />• Implement a new digital parking app to administer <br />downtown parking fees and enforcement. <br />• Implement joint City/EDA property acquisition <br />strategy for LINC district. <br />Medium -Term (2-4 Years) <br />RAISE LINC District – Complete Design and <br />The city delivers <br />Start Construction <br />visible development <br />• Define methods and actions for increasing tax <br />wins—Crawford Bay, <br />streams informed by a commercial assessor. <br />Jail redevelopment, <br />• Target industrial growth sectors to diversify the <br />and a new City Hall. <br />tax base. <br />Revitalized gateways, <br />• Build diverse strategies to diversify and enhance <br />corridors, and public <br />revenue streams. <br />spaces attract <br />Long -Term (5 Years and Beyond) <br />investment and talent. <br />• Complete Construction and Close-out RAISE <br />A diversified, <br />Grant <br />expanding tax base <br />• Crawford Bay – Start Construction <br />fuels sustainable <br />• Achieve a 20% increase in commercial <br />revenue growth and <br />assessments by FY2030 through targeted <br />long-term prosperity. <br />economic growth. <br />Achieve national recognition as a regional Blue <br />Economy hub, demonstrating leadership in <br />maritime innovation and sustainability. <br />Implement parking study recommendations. <br />