hastings city block project - Hastings Economic Development

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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.
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