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So where do great ideas come from?
Networks
Context
The Guiding Principlesfor the Boulder Civic Area
Expansion of community assembly activities
Enhancement of the Farmers’ Market
Improvement of municipal services
Creativity
Connectivity
Thinking globally…
…acting locally
Globally inspired, locally driven
Site Vision
Development Program
Market Analysis
Hotel Market
Competition
St. Julien Hotel & Spa
Hotel Boulderado
Metrics
Mid-$200 ADRs
Near 80% Occupancy Rates
Office Market
5.9% Vacancy
$30+ psf NNN Rents
Limited Class A Space
Hotel
Sqft & Stats…
214 Rooms
Boulder Community Events Center
Sqft & Stats…
Contiguous 20,000 Sqft Ballroom
Private Office
Sqft & Stats…
LEED Silver, 108,300 Sqft
Municipal Office
Sqft & Stats…
5 Levels, 80,000 Sqft
Economic Impact
Economic Impact Analysis
Economic Output$218 Million Construction Output$205 Million Annual Output
Job Creation2,850 Jobs
Tax Revenues$3.3 Million Construction Use Tax$1.5 Million Annual Property Tax, Sales Tax
& Accommodations Tax Revenues
Financing Summary
Capital Stack
Public Sources:CAGID Bond ProceedsMetro District Revenue Bond ProceedsRound 2 Capital Investment Strategy Bond ProceedsReinvested Hotel Surface Rights Proceeds
Private Sources:Conventional Construction DebtPrivate Equity (GP and LP)EB-5 Preferred Equity
Globally inspired, locally driven
