2040 Strategic Pillar — Create Business and Innovation Nodes
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Importance of Business and Innovation Nodes
Importance of Business and Innovation NodesCoppell has several significant business and commercial nodes. These are centered on the west side of the city, and in the Denton Tap / Sandy Lake areas. Increasingly cities are working to create new models of business and innovation nodes to help navigate the reinvention of retail spaces, and to attract small businesses and start-ups. Within Coppell, Old Town is frequently pointed to as an example of a node development that fits the character of Coppell. It has some more compact footprint single family homes, walkable neighborhood, boutique retail, bars and restaurants, and anchor attractions like the Farmers Market. In addition, the Arts Center is expected to provide an additional boost. These are all experiences people desire and can be experienced in a small location.
2040 Goals and Action Steps:
Support the Old Town area and concept.
- Encourage and incentivize continued investment in Old Town, including potential expansion of residential areas.
- Look for historical designation opportunities of key Coppell buildings, particularly City owned spaces, to help create cultural centers, similar to Old Town.
- Support programs to increase foot traffic to Old Town, including transportation options that better connect residents and visitors to Old Town area.
Encourage redevelopment of ‘hot spots’ along the Denton Tap / Sandy Lake corridor as major creativity zone.
- Provide incentives to attract start-ups and innovators to Denton Tap / Sandy Lake corridor.
- Locate new city amenities and facilities in such a location to help create critical mass.
Work with the commercial / warehouse district to understand the future Version 2.0.
- Build skills training programming through higher education and community education to meet the community’s future anticipated workforce needs.
- Explore the potential evolution of distribution and warehouses, and how Coppell might anticipate future trends that could lead to repurposing or greater concentration of technical services.
Explore future trends in retail and repurposing commercial areas.
- Encourage the repurposing of buildings to create maker-spaces for start-ups, or shared work spaces.
- As individual car ownership and use becomes less prevalent, begin to re-purpose parking areas into more community spaces and green amenities.
- Assess industry cluster potential of Coppell, especially in healthcare and professional services.