HASTINGS CITY BLOCK PROJECT WHAT IS THE PROJECT? WHY ARE WE DOING THIS? Mixed-use development: To help spur more local business. + privately owned 75-85 bed hotel $8m-$9m projected private investment + new retail and commercial space for medical, office and other opportunities $2m-$3m projected private investment + 42 new downtown apartments targeted at students and young professionals $8m-$9m projected private investment + 14,000 square feet in new professional conference space, suitable for weddings, conventions, and meetings $3m projected public investment WHERE ARE WE GOING TO PARK? The Community Redevelopment Authority has acquired and made public previously restricted access parking at 1st and Lincoln. Currently, there are 143 parking stalls on City Block • 10-15 stalls used for long term parking companies, churches, others • 10-15 stalls used for long term parking by individuals • 20-30 stalls used for daily parking by downtown employees and customers • Approximately 80 unused stalls on a daily basis Current parking replacement plans would add new stalls to accommodate the displaced stalls on City Block as well as the new daily users of the City Block development. The Community Redevelopment Authority has an option agreement in place with the Masonic Temple for the green space north of the temple. Areas for additional/more efficient street and terrace parking are being considered. Discussions/negotiations are occurring with other area property owners for additional parking. Area retail studies consistently show residents are dissatisfied with options for shopping and dining. Surveying our current and potential retailers, the top impediment to locating or growing a new retail business in Hastings is number of customers. Adding visitor and resident traffic to our downtown will help to bolster existing locally owned businesses and will assist in attracting new retail opportunities to our downtown as well. To help attract and retain young people. Nationwide studies consistently show that millennials and young professionals base their decisions on where to live on factors such as housing and local amenities as much as available jobs. If we want to be an attractive community for young people, we must make investments in the type of public infrastructure and amenities that are desirable to them. To drive job growth. At the February 23rd City Council Meeting, Mary Lanning Healthcare CEO Eric Barber hinted at the amazing potential of what could happen when we put Downtown Hastings, Hastings College, and Mary Lanning Healthcare under one roof. Two of the fastest growing sectors that are driving job growth in the national economy are healthcare and education. Combine these factors with the strength of our downtown, and the opportunities for new businesses, start-up ventures, and energy that creates opportunities that we don’t even know about yet is tremendous. To continue to drive downtown development. Over the last 10 years, Hastings has invested millions of dollars of public and private money into creating one of the most vibrant downtowns in rural Nebraska. Projects completed in 2015, currently under construction, and starting construction soon can be found at hastingsprojects.com More can be learned about downtown revitalization efforts from Hastings’ 2013 downtown revitalization study: Downtown Revitalization Plan To address a need for more quality lodging and conference space. Hastings has lost all conference and convention business previously utilizing the Hastings Convention Center. Meeting and event planners have informed the community that the facility is no longer competitive for regional or statewide events. As a result, Hastings has continued to see dollars leave the community in favor of neighboring counties for hotel and retail expenditures. The business community has reiterated the need for additional hotel and meeting space. More can be learned about the conference center needs from Hastings’ 2013 conference center feasibility study: Conference Center Feasibility Study HASTINGS CITY BLOCK PROJECT WHO IS GOING TO PAY FOR WHAT? The Developer of Record will invest $8m-$9m in private dollars for building the new hotel. The Developer of Record will invest $2m-$3m in private dollars for building the new retail and commercial space. The Developer of Record will invest $8m-$9m in private dollars for building the new housing units. The City, along with other public and private partners, will be asked to approve up to $3m for the addition of the 14,000 square foot Conference Center Link. The City, along with other public and private partners, will be asked to approve up to $1.5m to assist in the addition of new City owned parking lots downtown and to assist in site, utility, streetscape, and parking related developments on the City Block site. The City will be asked to provide Tax Increment Financing based on the total private investment to assist in structural considerations for the buildings, on-site parking construction, and brick façade improvements to the privately owned facility. On an ongoing basis, it is estimated that the City’s operating expenses may increase due to the new Conference Center Link, it is anticipated that budgeted losses should stay relatively similar to the current budget by marketing the facility to new events, increasing event traffic, capturing a percentage of alcohol and food sales (currently not captured), increasing operational efficiencies through a new HVAC system, and bringing rents in line with market rates. WHAT ARE THE CITY’S OPTIONS FOR PAYING THEIR PART? In order to help make a $21 million private investment in our downtown a reality, the City of Hastings is being asked to consider spending up to $4.5 million on an addition to the City Auditorium, new parking, streetscape and landscaping improvements, and utility relocations. Should Hastings choose to go forward with this project, there are many options available for the public portion of the project that does not involve a property tax increase. • Currently, Grand Island, Kearney, Norfolk, Lincoln, Omaha, and others utilize a restaurant tax to help fund public projects that help to drive tourism to their respective communities. Hastings does not currently collect a restaurant tax. • Currently, Hastings has a balance of $2.86 million in its economic growth and incentive funds at Hastings Utilities. These funds were set aside in 2012 for projects that help to grow and market the community. • The City of Hastings and Hastings Utilities have funding available from their insurance settlement relating to various EPA activities in Hastings. • The Adams County Convention and Visitors Bureau has a capital improvement fund that is available for projects and activities that help to drive tourism in Adams County. • The Community Redevelopment Authority has funding available to help assist in projects that drive redevelopment in targeted areas of the City, including downtown Hastings. When evaluating the City of Hastings’ proposed investment in this project, it is important to consider the immediate recurring direct revenues that will result due to increases in sales tax, occupancy tax, business improvement district dues, and utility revenues, and the eventual revenues from property taxes. The indirect revenues to locally owned downtown businesses are difficult to directly measure, but are an essential component of the local return on investment equation as well. HASTINGS City Block Development Project The team and vision that got you here will get you there. Project Information Project Site Project Location N Hastings Downtown Project Schematic Design 1.12.15 E W S Overall Project Student Housing Development Courtyard Conference Link Conference Link & Auditorium Overview 1 2 1 2 3 4 5 6 7 3 8.2 8 9 10 11 12 13 14 15 16 17 18 3 1/8" = 1'-0" a3 SCALE: 4 4 Men 101 5 LOBBY 100 A.2 VESTIBULE 114 AL AL AL VESTIBULE 113 WOMEN 102 A.1 5 5'-0" A.3 b KITCHEN 104 6 MEETING ROOM 103 CLOSET 105 6 c LOBBY 115 FIRST FLOOR CONSTRUCTION PLAN - AREA "A" 7 D WOMEN 119 AUDITORIUM 106 7 CLOSET 117 1'-6 3/8" ALCOVE 118 8 E MEN 120 8 10 H 11 12 NOTE: AREAS SHOWN WITHIN SHADED BOUNDARY ARE NOT TO BE INCLUDED WITHIN ARCHITECTURAL SCOPE OF WORK. 12 5" 13 j 40'-2" MECH 13 approx. 480 total seats 1'-0" 1'-0" j TRANSFORMERS 9 G STAIR 108 Alcove 109 11 H.1 BANQUET HALL 121 Alcove 112 STAIR 111 CONCOURSE 116 61'-3" approx. 72 seats approx. 120-150 seats 10 k k 14 SERVICE CORRIDOR 128 14 L L Men 127 15 RECEIVING 123 VESTIBULE 122 Women 126 Outside Grill Area Alcove 125 WALK KITCHEN EQUIPMENT BY OTHERS WARMING KITCHEN 124 15 16 M M 16 GREEN SPACE TRASH ENCLOSURE 17 17 18 8.1 10 9 11 12 13 14 15 16 17 18 18 Q P N M L K J H G F E D C B A C N:\CURRENT PROJECTS\13098 Hastings Mixed Use\Drawing Files\Revit Mod C KEYNOTE LEGEND A B KEY PLAN Copyrig A SHA P MPS f STORAGE 110 STORAGE 107 9 REVISIONS: DESIGN ARCHITECT: Q P N M 2 4'-8" L K J H G F E D C B A 1 30'-11" 31'-0" 7'-0" 1'-6 1/8" 1'-11 5/8" 14'-6" 16'-0" 6'-2 1/2" 16'-8 1/2" 4'-4" 3'-0" 7'-8" 5'-4" 13'-0 1/2" 2'-0" 2'-11 7/8" 2'-7 5/8" 9'-0 3/8" 2'-8" 9'-0" 2'-8" 9'-0" 2'-8" 2'-0" 3'-0" 13'-1" 1'-11 5/8" S 105'-10 3/4" 84'-0 1/4" 12'-2" 16'-0" 14'-6" 18'-6 1/4" 43'-7 3/4" 18'-1 7/8" 11'-8" 11'-8 1/8" 11'-8" 5'-4" 10'-8" 6'-5 7/8" E E W N S N W Outline of proposed new available parking located in additional lots as well as street side. drawn by: checked by: approved by: QA/QC by: project no.: drawing no.: date: 6 HASTINGS, NEBRASKA 2015 REV. NO. DATE REVISIONS REVISIONS DESCRIPTION OLSSON ASSOCIATES DATE PRINTED May 11, 2015 201 East 2nd Street P.O. Box 1072 Grand Island, NE 68802-1072 TEL 308.384.8750 FAX 308.384.8752 www.olssonassociates.com R On-Street Parking = 77 Total Parking Spaces HASTINGS DOWNTOWN IMPROVEMENTS CONSTRUCTION ON-SITE PARKING LOT IMPROVEMENTS City Block Site = 48 Total Parking Spaces BJF/ZL JP JP MMR 014-2427 MAY 2015 SHEET of 18 Hastings City Block Development Preliminary Schedule RELOCATE UTILITIES April 2016 - June 2016 CITY BLOCK DEMO April 2016 - July 2016 MIXED USE & HOSPITALITY CONSTRUCTION July 2016 - June 2017 CONSTRUCTION HOUSING CONSTRUCTION July 2016 - July 2017 CONFERENCE LINK CONSTRUCTION August 2016 - June 2017 Our Team Will Get You Where You Need To Be This is a preliminary schedule representing site work to start in April 2016 with the entire project completed around July/August of 2017. Our recommendation would be to have all the on-street parking and streetscapes completed by June 2017.