SPACE TO CREATE

Project SummaryState Leadership9 regions – 9 projectsGovernor announced in July 2015Trinidad is Demonstration Site

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SPACE TO CREATE

SPACE TO CREATESCOPE OF WORK

• Steering committee provides leadership and direction

• CCI’s role: Administer and leverage relationships

• Creative Districts, Main Street, DOLA Local Government & Housing, CHFA, OED, History Colorado, & Private Philanthropy

• DOLA regional managers pivotal role

• Artspace non-profit Developer serves as Lead Consultant

• Feasibility, Market & Housing Studies, & Predevelopment

• This is not a grant program

• Economic development initiative to identify and leverage resources

SPACE TO CREATETIMELINE FOR COMMUNITY SELECTION

• July 2015- Trinidad Demonstration Site (Southeast Region)

• January – May 2016 – Selection Process for Southwest Region

• August –December 2016 – South Central Region

• January – May 2017 – Northwest Region

• August – December 2017 – Northern Mountains Region

• January – June 2018 – North Central Region

• August – December 2018 – Northeast Region

• January – June 2019 – Central Region

• August – December 2019 – Southeast Region

Artspace Roles:

> Consultant> Developer> Long-term Steward/Manager

SPACE TO CREATE

ALIGN WITH COLORADO RURAL INITIATIVES

Certified Creative District Candidate Creative District

Certified Creative District Candidate Creative District

Mancos

Trinidad*

Red - CCIBlue - Main Street Green - Pending CCIPurple - Pending Main Street

Longmont

Denver

Woodland ParkManitou Springs

Colorado Springs

Lakewood

Evergreen

Fort Collins

Greeley

North Fork Valley

PuebloRidgway*Lake City

Crested ButteSalida

Telluride

BrushSteamboat Springs

Granby

Lamar

Victor

AuroraCarbondale

Westcliffe Crestone

Buena Vista

Lyons

Rifle

MontroseSilver Cliff

Colorado Creative Districts and Main Street Communities (current and pending)

LEVERAGE INVESTMENTS IN CREATIVE DISTRICTS AND MAIN STREET

Community Readiness for Competitive Process

• Form Steering Committee of Local Leaders

• Plan and budget local resources

• Secure commitment of local government

• Include creative sector development in community development planning documents

• Provide data on concentration of artists and creative sector enterprises

• Document ability to execute community – based projects such as Main Street, Creative District

• Site control of historic buildings and/or property for new development

LOCAL RESOURCES• Preliminary Feasibility & Arts Market Survey: $35,000 local match

• Housing Market Survey: $5,000 to $7500

• Pre-Development Costs: 10% of total project cost

• Other Factors for Consideration:

• City owned property

• Bank or private sector property donations

• Cost to purchase property

• Align vision of other investors and developers

Building better communities through the arts

ARTSPACE’S MISSION

to create,

foster, and

preserve

affordable

space for

artists and arts

organizations.Schack Arts Center / Artspace Everett Lofts

Everett, Washington

> Established in 1979

National nonprofit real estate developer for the arts

Aleader in “creative placemaking” field

Based in Minneapoliswith offices in Seattle, LosAngeles, New York, New Orleans, and DC

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ABOUT ARTSPACE

Artspace Everett Lofts // Everett, WA

ARTSPACE YEAR IN REVIEW

ARTSPACE YEAR IN REVIEW

ARTSPACE YEAR IN REVIEW

WHAT WE DO

> Property development

> Asset management

> Consulting

Artspace Everett Lofts // Everett, WA

// at work in the United States

Projects in operation Projects in development Consulting

ARTSPACE IN COLORADO

9

Lakewood

Westminster

LOVELAND2009 -- Preliminary Feasibility Study 2010 --Arts Market Survey2011 -- Predevelopment2014 -- Groundbreaking2015 - Loveland Lofts Opening

LONGMONT2014 -- Speaking engagement

WESTMINSTER2005 -- Preliminary Feasibility Study 2006 --Arts Market Survey

LAKEWOOD2013 -- Preliminary Feasibility Study 2014 --Arts Market Survey2015 -- Predevelopment

Pueblo

TELLURIDE2015 — Consulting onTransferWarehouse

PUEBLO2011 -- Preliminary Feasibility Study

TellurideELIZABETH

2016 — Preliminary Feasibility Study

TrinidadTRINIDAD

2015 — Space to Create

Elizabeth

ARVADA2014 --Arts District Consulting

DENVER2006 -- Preliminary Feasibility Study2007 --Arts Market Survey2014 -- Feasibility Study of RiNo

Project SummaryArtspace is in partnership with the Boettcher, Gates and El Pomar Foundations,Governor Hickenlooper, Colorado Creative Industries/OEDIT, DOLA, and HistoryColorado.A major statewide initiative will create up to 9 affordable live/work artist projects in rural Colorado communities.Space to Create launched July 2015, and began with a demonstration effort inTrinidad.

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COLORADO CREATIVE SPACE INITIATIVE: SPACE TO CREATE

ARTSPACE’S ROLEArtspace as:> Developer

Consultant

Data collector

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KADDATZ HOTEL, FERGUS FALLS, MN POPULATION 12,000

The Challenge Help Fergus Falls

enliven its downtown by transforming a historical

hotel across the street from the Fergus Theatre

into live/work housing

for artists

KADDATZ HOTEL, FERGUSFALLS, MN

UpdateKaddatz Gallery established in streetfront spaceSpringboard for the Arts opened a regional office nearby

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FERGUS FALLS PROJECTBUDGET

KaddatzArtist Lofts // Fergus Falls,MN / (2004)

SOURCE AMOUNT PCT.

Public Sources

Minnesota Dept. of Trade & Economic Development (DTED) $650,000 28%

Federal Low Income Housing Tax Credits $555,277 24%

Federal Historic Tax Credits $385,777 24%

City of Fergus Falls (TIF) $80,000 3%

Otter Tail County (HOME) $56,000 2%

Private Sources

Private sector (philanthropic gifts) $390,000 17%

First mortgage $160,000 7%

Deferred developer’s fee $56,321 2%

TOTAL $2,333,374 100%

PRIVATE FUNDINGSOURCES

Fergus Falls Funders:> City of Fergus Falls, MN

Frank W. Veden Charitable TrustLake Region Healthcare Corporation The McKnight Foundation

Otter Tail Power CompanyRoger L. and Agnes C. Dell Charitable TrustWest Central Initiative Fund

Wells Fargo Housing Fund

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ARTSPACE AS CONSULTANT

Telluride Transfer Warehouse

Deliverables>

>Concept refinementSustainable Operations AnalysisCapital Needs Assessment

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ArtsAlliance Studios // Pueblo, CO

ARTSPACE ASCONSULTANT: PUEBLO

Began with anArtspace Preliminary FeasibilityVisit

ArtsAlliance Studios

15,000 SF in Pueblo Creative Corridor>

> 17 studios with retail and craft brewery

> 95% occupied

> 40 artists

> Local historic designation

Building Fund Sources:

> Creative District Community Loan Fund

> Mile High Community Loan Fund

ARTSPACE AS CONSULTANT: PUEBLO

Artspace Process

PATH TO AN ARTSPACE PROJECT

> Preliminary Feasibility Study

> Arts Market Survey

> Pre-development

Preliminary Feasibility Study tour // Portland, ME

PRELIMINARYFEASIBILITY STUDY

Goals

> Gather information

> Kick off outreach

> Provide feedback

> Build momentum for local initiative

Spinning Plate Artist Lofts // Pittsburg, Pennsylvania37 live/work units in an Art Deco style Pontiac dealership

PRELIMINARYFEASIBILITY STUDY

PrimaryActivities

> Two-day visit

> Four Focus Groups (art/culture, civic, finance/funding, and business leaders)

> Tour of potential properties and existing arts venues

> Public Meeting

> Core Group Work Session

Karcher Artspace Lofts // Waukegan, IL

PRELIMINARYFEASIBILITY STUDY

Six key areas of consideration:

>Project concept

>Market need

>Potential sites

>Financing and funding

>Local leadership (public & private)

>Community impact

PRELIMINARYFEASIBILITY STUDY

Time frame 3-5 months

Deliverable Report with findings and recommendations

Prerequisites for moving forward with

Artspace

— Demonstrated support from local leadership— Articulated space needs from artists/organizations— Established base of financial support

Cost $25,000

ARTS MARKETSURVEY

Goals

>Quantify demand for creative space

>Articulate project concept

>Build funders’ confidence

>Create interest list for continued outreach

>Encourage new creative space initiatives

Artspace Tannery Lofts // Santa Cruz, California

ARTS MARKETSURVEY

PrimaryActivities

>Customize survey instrument

>Provide outreach tools and guidance

>Program and host online survey

>Travel for 2 visits: survey launch event and presentation of findings

Artspace Mt. Baker Lofts // Seattle, Washington

ARTS MARKETSURVEY

Time frame 6 months

Deliverable Technical Report and Interpretation Letter

Prerequisites for moving forward with

Artspace

Sufficient number of responses from interested artists to support an Artspace live/work project

(3:1 redundancy)

Cost $40,000

PREDEVELOPMENT> If all parties are interested in moving forward with anArtspace

development project, a predevelopment contract is discussed.

>Artspace looks to the local community to support predevelopment, which typically costs in the range of $500,000 to $750,000

Northern Warehouse and Tilsner Artists’ Coop // St. Paul, Minnesota

Example: Artspace Loveland

EXAMPLE: LOVELAND

Artspace Loveland Arts Campus // Loveland, CO

EXAMPLE: LOVELANDArtspace Loveland Arts Campus // Loveland, CO

EXAMPLE: LOVELAND

EXAMPLE: LOVELAND

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EXAMPLE: LOVELAND

Artspace Loveland Arts Campus // Loveland, CO

30 LIHTC live/work units + arts incubatorNote: some sources for arts incubator are pending

EXAMPLE: LOVELAND

Example: Trinidad Artspace

EXAMPLE: TRINIDAD

Goals

> Foster Corazon de TrinidadCreative District growth andsustainability

> Catalyze Downtown/MainStreet revitalization

> Historic preservation

> Create and preserve affordable arts space

> Spur community-building and tourism

Photo by Marilyn Leuszler

EXAMPLE: TRINIDADFeasibility Study

> Need for arts hub where artist can create and whole community can gather

> Strong interest in creative workspace and live/work space; depth of market needing tested

> Clear consensus for downtown, Main Street site

> Financial viability

> Committed leadership and alignment with local goals Photo by Marilyn Leuszler

EXAMPLE: TRINIDADArts Market Study

Findings:> 162 survey respondents

interested in relocating to live/ work affordable arts space (create up to 54 new units)

> 72 respondents express interest in studio-only space (create up to 24 new)

> New, member-based sharedspace is a priority and smallprivate studios

EXAMPLE: TRINIDAD

Predevelopment

EXAMPLE: TRINIDADPredevelopment

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LOVELAND RESULTSBUIILDING COMMUNITY WITH THE ARTS

“Whatever you can conceive,you can achieve.” James Rouse

CREATIVE PLACEMAKING: PRESERVATION & THE ARTS

Arts and preservation tourists stay longer and spend more money;

Downtown revitalization is more cost-effective than suburban development (green,infrastructure)

Millenials and Boomers heading Downtown

The arts and history of Loveland provide a unique,authentic sense of our community.

Seattle (1984...Microsoft??)

LOVELAND FEED & GRAIN

ARTSPACE LOVELAND LOFTS GRAND OPENING: February 2016

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CARYN SANCEHZ, FILMMAKER

ARTISTS/COMMUNITY ACTIVISTS

ARTISTS BROUGHT NEW VISIONS

ARTS @ THE FEED & GRAIN

Love + Light

Annual Valentine' s Day exhibition

Debut: February 2012

Fact: More than 1,000 people waited in 17°weather to see contemporary art and light installation.

ARTS @ THE FEED & GRAIN

30 EVENTS, 100ARTISTS, 18,000 VISITORSPartners:ArtPlaceAmerica, Community Foundation of Northern Colorado, NEAOurTown,

Artspace Projects, State Historical Fund, City of Loveland

THE CREATIVE SECTOR INCUBATOR AT THE FEED & GRAIN

ITʼS ALL ABOUT THAT (ARTS) NEIGHBORHOOD

“Every town has a Feed & Grain:it may be a historic theater or a gas station,but every town has some place that tells that town’s own story,that can become a catalyst for new

cultural and economic growth.”Tim Schultz,President,Boettcher Foundation.

ALL CHOICES ARE LOCAL