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Slide 1
Redevelopment Plan & Homeless Assistance Submission
An Interview PresentationJanuary 29, 2015
Pueblo Depot Activity Development Authority (PDADA)
PEDCO and PuebloPlex“Partners in Prosperity”
Slide 2
PuebloPlex Existing Assets
22,848 Acres‐ About the Land Area of Miami Florida 15,848 acres in the First Phase 7000 acres in Phase 2 (PCAPP) Estimated by 2019
More than 1,100 Physical Structures 6,500,000 Square Feet 3,100,000 Square Feet Currently in Master Lease
160 miles of Paved Roadways 46 miles of on Site Rail 922 Ammunition Storage Igloos
620 Igloos under Master Lease Agreement
Slide 3
Project Team
Slide 4
National BRAC Experience
Umatilla Army Depot, OR Kansas Army Ammunition
Plant, KS Newport Chemical Depot, IN Fitzsimons Army Medical
Center, CO Lowry Air Force Base and
Buckley Annex, CO TexAmericas / Red River
Army Ammunition Plant, TX NAS Brunswick, ME Fort McClellan, AL Fort Monroe, VA Fort Monmouth, NJ
Slide 5
Umatilla Army Chemical DepotUmatilla, Oregon
Redevelopment Plan Business and Operation Plan
Update Predevelopment Feasibility
Analysis Conceptual Development Plan Conceptual Infrastructure
Strategy Conceptual Phasing Strategy
• Locational Attributes of SE Parcel• Infrastructure availability &
quality of facilities in Demil area
Proforma, Cash Flows and Job Creation
Slide 6
Kansas Army Ammunition PlantParsons, Kansas
Redevelopment Plan Implementation Strategy Explosives Safety Submittal Consulting Strategy Plant Business Plan BRAC 2005
Slide 7
Newport Chemical DepotVermillion County, Indiana
Redevelopment Plan Existing Conditions
Assessment Alternatives
Development Public Involvement
Program Business Plan Infrastructure Plan Cost Modeling Economic Development
Conveyance
Slide 8
Fitzsimons Army Medical CenterAurora, Colorado
Redevelopment Plan Environmental Engineering Infrastructure Master Plan Cost Modeling Conditions Assessment
Slide 9
Lowry Air Force BaseDenver, Colorado
Redevelopment Plan EDC Application Cost Modeling Business Plan
Slide 10
Local Experience
City of Pueblo Urban Framework Plan & Strategic Plans Convention Center Expansion‐Pueblo RTA Lake Minnequa Master Plan Lake Avenue Corridor Master Plan City –Wide Master Drainage Study Pueblo Springs Ranch Development Review
Pueblo County Pueblo County Courthouse Campus Plan
Pueblo Urban Renewal Authority Downtown Pedestrian Alleyways Lake Avenue Corridor Master Plan
Private Developers North Vista Annexation & PUD Walking Stick Vista PUD & Filing No. 1
Slide 11
Local Experience
HARP Authority Historic Arkansas Riverwalk Project‐ since
1983 Veterans Memorial Bridge
Advisory Service PEDCO‐Board of Directors ACTION 22‐ Chair Airport Advisory Committee‐ Chair
Colorado State University Pueblo Design Review Committee
Pueblo Conservancy District District Master Plan Pueblo Natural Resources and
Environmental Education Master PlanPueblo West Metropolitan District
Sports and Recreation Master Plan Soaring Eagles Sports Complex
Slide 12
Project Schedule
Slide 13
Infrastructure Assessment
Transportation & Site Access US 50 Interchange Site Circulation/Internal Roadway
Conditions Rail
Conditions Assessment Opportunities (Transportation
Technology Center) Potable Water and Sanitary Sewer
Existing Water Rights/Potential Water Sources
Sanitary Sewer Treatment Dry Utilities Environmental Constraints
Analysis
Slide 14
Economic Development and Market Review
Real Estate Market Overview Industrial, Warehouse, Office, Agricultural Pricing, Absorption, Vacancy, Competitive Position
Regional Context Employment, Unemployment, Labor Force
Constraints Analysis Regulatory Environment – Zoning, Permits Facilities, Infrastructure, Transportation Access, Water PCAPP – Opportunity or Constraint
Slide 15
Market Potential
Evaluate PuebloPlex Assets in the Context of the Competition Meet with the regional real estate professionals – appraisers, brokers,
and/or developers Meet with regional economic developers
Evaluate Feasibility of PuebloPlex for Development Local, regional or national as appropriate
• Property can support multiple markets
Review Trends in Real Estate and Economic Development Recent trends could affect redevelopment positively or negatively
Slide 16
Defense Community Data
Assigned OEA Officer Understand the Strengths of
the Community Socio Economic Analysis Available to the Community ‐
PuebloPlex.net
Office of Economic Adjustment (OEA) Support
Slide 17
Redevelopment Master Planning
Inventory and Analysis of all Strengths, Weaknesses, Opportunities, and Constraints
Input from Public Workshops Vision Statement Development of Land Use Alternatives Evaluation of Alternatives Preferred Future Redevelopment Plan
Slide 18
Fiscal and Economic Impact Analysis
Redevelopment Plan Alternatives / Preferred Redevelopment Plan Fiscal and Economic Impact Analysis
Incremental tax revenue Incremental Governmental Expenditures
• Police, fire, schools, public works
Direct job creation and wages Spinoff effects ‐ indirect and induced jobs and wages
Public Financing Options Tax Increment Financing (Title 32 Metro District) Bonding Capacity
• Revenue bonds, general obligation bonds
Special Districts
On‐Going Leasing and Real Estate Activities for PuebloPlex
Slide 19
Implementation Plan
Navigating the BRAC
Redevelopment Process
Slide 20
Implementation Plan
Implementation Strategies are the Key to Successful Redevelopment Plans Land Transfer Options Create Development Velocity
• Parcelization, environmental transfer, ground leases, EDC’s, early transfer
• Negotiated sale• Army retained conditions• Operating costs and responsibility• Phasing options
Project Economics will Drive Redevelopment• Infrastructure & facilities• Carrying costs as new owner
Slide 21
Implementation Plan
Market Realities and Feasibility are the Key to Third Party Investment and Support
Target Industry Analysis Seeks to align site physical attribute, assets, project goals with industry
based needs and users locally, regionally & nationally
Business Attraction Strategy Expresses the desired land use development highlighting the sites
advantages for SPECIFIC targeted industries Uses local, statewide and national subsidies to make the PuebloPlex
the industrial development of choice
Allows for Draft Pro Forma Development Job creation, economic revitalization, master developer control
Slide 22
Public Involvement
Critical Goal ‐ create a community‐based plan / approach that builds consensus
Purpose – obtain buy‐in from all stakeholders and provide public affairs guidance and support
Slide 23
Public Involvement
Project website Media coordination Social media Mailers / e‐blasts Public workshops Teen workshop
Engaging the next Generation
Slide 24
www.puebloplex.comwww.puebloplexredevelopmentplan.com
Slide 25
Survey Questions
Press the number / letter that corresponds with the answer you wish to select.
Change your mind? Just click the right one. Your last push will count.
You will see results as responders select their answer.
Slide 26
Polling Survey
A. Financial/Banking/InsuranceB. Commercial/RestaurantC. ConsultingD. Executive / ManagementE. Real Estate Brokerage/SalesF. Property DevelopmentG. Current Contractor at DepotH. GovernmentI. Other
A. B. C. D. E. F. G. H. I.
23%
4% 4%
25%
14%
8%
4%4%
14%
Please identify your primary affiliation
Slide 27
Polling Survey
A. B. C. D.
24%
15%
42%
20%
How familiar are you with the PuebloPlex site and facilities?
A. Very familiarB. FamiliarC. Somewhat familiarD. Not familiar
Slide 28
What are the key advantages for developing at PuebloPlex? (choose up to two)A. Existing facilitiesB. Access to railC. I‐25 accessD. Proximity to
Transportation Tech CenterE. Proximity to City of
PuebloF. Land costG. Regional labor forceH. Regional cost of living
and quality of lifeI. Other
A. B. C. D. E. F. G. H. I.
21% 21%
7%
0%
17%
7%
13%
7%7%
Polling Survey
Slide 29
In terms of potential market sector opportunities, which of the following has the most potential?
A. Business parksB. Warehousing/distributionC. Research and developmentD. Manufacturing
/distributionE. Multi‐modal facilities F. Bulk exterior
storage/materials processing
G. Alternative energyH. Other
A. B. C. D. E. F. G. H.
7%
29%
5%
2%
7%
10%
5%
35%
Polling Survey
Slide 30
What are the preferred options for financing redevelopment?
A. Tax Increment Financing
B. General obligation bonds
C. Revenue bondsD. Special districtsE. Regional partnershipsF. All or some
combination of the above
G. OtherA. B. C. D. E. F. G.
3%0% 1%
84%
3%4%4%
Polling Survey
Slide 31
Do you feel the Pueblo Chemical Agent Destruction Pilot‐Plant (PCAPP) is an asset or a liability in terms of site redevelopment?
A. AssetB. LiabilityC. NeutralD. Short term
liability/long term asset
E. Long term liability/short term asset A. B. C. D. E.
27%
8%
51%
9%6%
Polling Survey
Slide 32
A. EmailB. NewspaperC. Radio announcementD. Project websiteE. PuebloPlex FacebookF. PuebloPlex TwitterG. Public access channel
A. B. C. D. E. F. G.
52%
34%
0%0%
9%
5%
0%
What is the best method to notify you about future public engagement opportunities?
Polling Survey
Slide 33
www.puebloplex.comwww.puebloplexredevelopmentplan.com