Sunday Interview: Mat Swift says urban development ‘is a journey without an end’
By Chuck Williams, Columbus Ledger-Enquirer | |
McClatchy-Tribune Information Services |
The company has substantial holdings downtown, and as the president of the company's real estate division, Swift's fingerprints are on many of the substantial downtown projects -- most recently the
He recently sat down with
Here are excerpts of the interview, with some of the questions edited for length and the order of some of the questions rearranged for clarity.
How long have you been working for
26 years.
In what roles?
Well, basically as head of the real estate division. My job is to in effect look at their real estate portfolio and mesh their real estate portfolio with their long-term visionary goals, and try to execute those plans.
You're not a real estate guy by trade, you're an attorney, right?
I was a real estate lawyer by trade, and I represented a number of real estate developers. So, I was involved in a lot of real estate development with my clients.
Then one day
I told them I had five bad closings that day -- I'd do anything to get out of the real estate business. I came over and joined them at that time.
If you look at it, 26 years ago downtown was bottoming out?
Yeah, I think it was. I think if you look back at when (retired W.C. Bradley Co. Chairman)
And I can remember literally on one of my first days over here with the
I think we just finished the Rankin development, but we were in the early stages of it and I was just amazed at the vision they were talking about, especially when you looked around downtown. There were a lot of empty buildings and there were a lot of folks who were basically saying it couldn't be done.
This may be a bad way to ask this question, but -- a quarter of a century later -- why did it take so long?
I don't think that's unusual with any urban redevelopments, especially with a third-tiered city. It is a journey without an end, and it is a journey you've got to be prepared to take three steps forward and then get knocked down and have two steps backward, but at least you've gained one step. You do that each and every year, and you go into it with a long-term vision. I've told this to a number of communities -- I've probably talked to over a dozen different communities about urban development, especially in second- and third-tiered cities -- I told them it's not about trying to have a quick fix. It's about a vision. It's about good planning. It's about trying to have every year incremental success (and) you can build off of that success for the next year.
And what happens is it's almost like compounding interest. The more successes you have, the more likely you are to have future successes. And when you start adding up the little bitty successes, all of a sudden they become bigger successes and each one starts leveraging the next. And then you start finding you start growing quicker and quicker. So, this is a long answer to a difficult question, but it's gotten incrementally faster in the later years than it was in the early years. But if you had not planted those foundational seeds up front, we would never be where we are today.
Do you have an example of three steps forward, then getting knocked down?
Going back about the incremental successes, one of the huge things that I think helped uptown
And, right after that we had the Olympics, and part of it was fixing up the stadium, having the softball tournaments down here, and that turned out to be a successful project.
Also during that same time, we had a positive SPLOST (Special Purpose Local Option Sales Tax) vote that helped build the
So, all of those are three steps forward. Then all of a sudden you'll have a crime element hit downtown. And all of the progress that we had made on trying to make people feel safe -- it's growing, it's moving forward -- all of a sudden some of the naysayers would come out and say, "Oh, I wouldn't go down because of crime or for whatever reason."
Obviously
Well, clearly, with respect to downtown,
It's one thing for a few people to have a vision, but if you don't take the vision of those few people and get it out into the community and have other people feel the vision, it won't ever stick. It's never going to work if it's just one or two people's vision. You have to have buy-in from the other people. And that's why those incremental successes become important because the incremental successes cause people to jump onboard, jump on the bandwagon. I think it started out with their vision and then more and more people came onboard that were stakeholders in the downtown. You've got to remember, the original Uptown board were people who were interested in our downtown, but they were also interested in their real estate property values in downtown. There was nothing wrong with that. We made it clear right from the beginning that improving downtown was good for the city, but it's also good for the companies that owned the real estate.
And as long as we were transparent about that, everybody was fine with it. So, you originally had the Uptown people like Bill, Jimmy and Rozier, and then you had all the real estate owners with property downtown. But then what you started seeing is there were a lot of other people coming onboard. A lot of the non-profits had their offices downtown, a lot of the arts were downtown, a lot of the legal and governmental areas were downtown.
So, all of a sudden those stakeholders got bigger and bigger. And then, like I said, the RiverWalk -- you had people living in north
What's the single most important event in the redevelopment of downtown
That's an interesting question. I've heard Jimmy Blanchard give his answer and
And Rozier with his architectural background and his vision and planning, and his ability to show it to somebody, to sell it. To me, you always have to start with the formation of Uptown (Inc.). But I think you also have to look at the various SPLOST votes that we have had -- that has helped -- the movement that has given us money to improve infrastructure and marry that with the various philanthropic sector, the various campaigns, the arts campaign, the CSU campaign.
You marry those two and what you're doing there is you're not only building infrastructure, but you're also building the capital to make them grow. So, the formation of Uptown is sort of one program. The infrastructure of bringing in hard infrastructure like streetscapes, like the
So, it's hard for me to say one particular event, but if I had to say one particular event that is transforming
For 30 years people in this town have talked about "It." Is whitewater "It?"
Yeah, I think it's the closest thing we can come to "It." It was real interesting -- we vetted that concept really hard. We spent a lot of money on consultants to try to figure out an "It." And we ultimately concluded that there was no "It" in the form of a
It was the
You were heavily involved in the whitewater project as a real estate developer. Was there ever a time you didn't think it was going to happen?
Several times. I was with
Did the idea seem crazy to you?
The idea didn't. The idea actually was a pretty neat and practical idea. Both dams were obsolete. Both dams were going to fall out anyway. Being a lawyer, and also being a real estate developer, my mind quickly went to what are the hurdles we've got to jump over.
Now, most deals I know I've got to jump over two or three hurdles, but when John brought this one, I mean there weren't two or three hurdles, this was the 440, and hurdles all the way around the track.
The first hurdle wasn't a hurdle; it was a wall.
Oh, there were so many walls there. We had issues with the
We had people within various bureaucracies fighting amongst each other within the bureaucracies. Not only were they fighting against us, but they were fighting against each other. And quite frankly, the Corp of Engineers ended up being one of our biggest allies, and but for them coming onboard and helping us, I don't know if we would have done it. But again, we had hurdles up in
One of the things that is lost in the whole whitewater deal is there were major real estate purchases all the way throughout the deal, that without those real estate purchases it doesn't happen, right?
Exactly. Knock on wood, to some degree, we were a little lucky. The very first time we approached the owner of the Eagle &
What was that price?
I'd rather not get into prices, but it was several million, put it that way. So, we were fortuitous, and about six months later lightning hit the upper powerhouse and burned it down. The same time that was happening, Pillowtex was moving out of their mill and there wasn't that much demand for power. They came back to us and said, "We would like them to keep the insurance proceeds (and) we'll drop our price to a more reasonable price." And that's how we ended up buying it.
Can you talk about
Well, it's huge, and I cannot say enough about Mayor
We're in the middle right now of the
From
You know for years we've talked about "The river joins us, it doesn't divide us." But their attitude and their absolute persistence that they're going to work with
It reminds me, and I've told them this, "Y'all's excitement and y'all's enthusiasm and your vision for what you want
Is a vibrant
It's a good thing for
It is absolutely good for
I saw an ad not long ago in a development magazine and it was for
Let me tell you something about that. That's great. The more people who claim ownership in whitewater, the better we like it. I was in a dentist office and I saw a whitewater sign. I was in an obstetrician's office and I saw a whitewater sign. If you look at ads in the Ledger, you'll see references to whitewater as it relates to cars, as it relates to all sorts of things, and as far as I'm concerned, I think it's great. I think the reason people are doing that is that the whitewater brand has all the good qualities of any brand: It's young, it's clean, it's fun, it's energetic, it's for kids, it's for old folks. It's got all the components and I think people are seeing that, and people are claiming ownership of it.
Have you done the Cut Bait rapid at high flow?
Yes, even though it wasn't quite as high. I actually went down Cut Bait at high flow before (the entire dam was taken out).
You haven't done Cut Bait in its current existence, though? No.
Are you going to?
Maybe. It just depends. I've been down five times and I've only been flipped twice, so I survived. I will tell you this though: Right after it opened, I had reason to invite some of my friends to come down, and I had 60 people -- I had 20 grandparents, I had 20 parents that were in their 30s, early 40s, and then I had 20 grandkids. And we went down that at low flow, and it was the most fun trip that we've ever done. Everybody had a ball from my 75-year-old friends all the way down to my 5-year-old grandson.
It was a great trip and it was a wonderful family day. We started at 9:30 in the morning and finished about 1:30 in the afternoon. The best way I can describe it is my 5-year-old grandson when we started out said, "Pop, this is the most boring thing I've ever done," and when we finished, he said, "Pop, that's the most exciting thing I've ever done."
Talk a little bit about what you're going to do with
First of all, we're excited about being there and we're excited that we are going to have an outfitter that's going to be the anchor there -- Whitewater Express is there. We're going to build a new facility for them at some point in time.
How far off?
It's probably going to be next year, 2015. One of the problems that we've had is that there are a number of tenants over there who have got their leases still in play, and so I've got another 10 years on
There's only so much I can do with those facilities. But one of the first steps is we will re-clad the old part of the shopping center, make it look a little bit nicer, redo the parking lot. We may tear down the empty portion of it and rebuild some other buildings, and then try to work off of the new
We've bought the property on the east side of
Did the city own part of the land?
When do you expect to close it?
Sometime in August.
We're talking about the property on the river between the pedestrian bride at
Right.
So, that now becomes a two-restaurant tract?
Yes.
What are the possibilities? What kind of restaurants?
Clearly, the types of possibilities are things like we see downtown. Like the
We don't need formal there because it's going to be the type of restaurant that you could go out, walk on the patio or walk on the deck down to the RiverWalk there on the
How much longer are you going to do this?
Well, I'm enjoying what I'm doing. I don't know what else I would do. It's exciting. It's fun being part of a company and a community that has a vision for the city. I enjoy just being the guy that sort of drives the wagon in a lot of ways, and I'm very blessed to have this opportunity. So, as long as I'm having fun and they'll keep having me around over here, I'll keep doing it.
How old are you now?
67.
So, no retirement plans?
Not in the immediate future. There's lots of things we want to do downtown. You know,
For all the great things he has done, he has been a great listener from people as to what's good for the community.
Who replaces the Bill Turners, the Jimmy Blanchard and the Rozier Dedwylders? Who is the next group of leaders that will continue this?
I don't know if you'd ever find one person that would replace
An interesting story there:
I don't know if you'll ever replace a
I think what happens is they have laid the seeds where there's a lot of younger folks in a lot of different capacities that will carry on the visions. It may not be one person, but it may be a group of people. And I'll give you a good example of that. This (
That's a group of people who will get some things done in
How is
Well, going way back, one of the big -- I don't want to say criticisms -- but at least comments about
I don't personally believe that was the desire, but I do believe that we were a town that was very fragmented in the sense that we had an upper income crowd and we have a lower income crowd. We didn't have as much of a middle income class. And through the years that has changed.
I remember when we got
Obviously the Aflacs and the TSYSes and the Synovuses of the world have helped in that regard. I think we're a lot more diversified. I think we're a lot more diverse socially, too.
I think it's very healthy the racial mix we have. I think it's very healthy we have a female mayor. It's healthy that we have an African-American city manager. I think we're much more diverse now than we were. And I think if we can use that diversity to our advantage, we can continue to grow.
Twenty-six years from now, what does
I've made this statement a number of times: Maybe not 25 years from now, but 10 years from now, when someone says
The reason I say that is that in the past when somebody would say
When I say, "What do you think of when you think of
I think people are going to have a very positive image about
Age: 67
Job: President, Real Estate Division, W.C. Bradley Co.
Education:
Family: Wife,
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