Master Plan Update July 25, 2013 The Guiding Principles for Fort Monroe’s Future • Preserve the place • Tell the stories • Achieve economic independence Master Plan Concepts • No land use changes proposed for Inner Fort • Preservation of views and green space in new Waterfront Park • Adaptive reuse of buildings in the Historic Village • 7-mile educational and exercise trail • Improved vehicular patterns & pedestrian circulation Economic Realities of the Master Plan Tell Us… • Fort Monroe is a long-term project; the Master Plan has to be flexible • Large users like STEAM Academy bring name recognition and reduce expenses • Economic realities suggest demand for office and commercial space is weak • Market conditions & physical location indicate Fort Monroe future should focus primarily towards residential use • Focus on phasing and implementation within the community (existing structures are highest priority) • Army transfer delays will continue to affect implementation of the Master Plan Recap: The Financial Challenge • None of the Master Plan options resulted in a financially sustainable future • Fort Monroe’s potential “structural deficit”: Option A: Reuse and Infill Option B: Wherry Park Option C: Waterfront Community 2027 - $4.5 - $4.8 - $3.3 Concepts to Explore to Bridge the Financial Gap 1. Exit the utility business 2. Find additional sources of revenue a. Tax independent financing b. Homeowner association dues c. Transfer PILOT fee to property owners d. Parking revenue program e. Service district charge 3. Focus on residential development but maintain flexible real estate strategy 4. Cost recovery from NPS 5. Hold Wherry Quarter to avoid market saturation & increase value Findings and Observations • Focus on a long-term infrastructure CIP and/or operations financing plan • Rebalance mix of uses to focus on residential • Preserve revenue-generating uses and redevelop when opportunity arises to increase net revenue • Decisions need to be made as part of Master Plan process to enable FMA to plan its staffing needs and implement a robust real estate program • Explore a “skinny FMA” by maximizing sales with minimum inventory retained as rental PHASE 1 Immediate Opportunities (0-5 years) • Inner Fort (National Monument) • Preservation Achieved with NPS Ownership and Easement • Casemate Museum on track for transfer to FMA (attendance exceeds previous years) • Houses being leased • MOU with STEAM Academy • • • Moat to remain with Army until environmental evaluation is completed Glacis preserved on northeast green slope Chapel of Centurion hosts two congregations NPS ENTRY GATE WHERRY QUARTER TOP OF MOAT & RECREATION EQUIPMENT AVAILABLE TO PUBLIC MOAT NORTH GATE GLACIS PRESERVED STEAM ACADEMY HISTORIC VILLAGE INNER FORT NPS OWNERSHIP CASEMATE MUSEUM TO FMA NPS EASEMENT PHASE 2 • Historic Village (0-10 years) Historic tax credits encourage acquisition and adaptive reuse of historic buildings NPS • Allow mix of uses to create community friendly development (i.e. home ownership, coffee shop, restaurants, specialty retail, etc.) • Redesign McNair Drive to include on-street parking, expanded pedestrian sidewalk and 7-mile waterfront recreation trail • Implement Phase 1 of Waterfront Park o Gazebo, landscape & lighting o New bathrooms o Outlook beach access • Expand events at Continental Park • Work with legislature to evaluate high speed ferry destination point at Point Comfort • Continue to lease houses and apartments • Work with St. Mary’s Church for continued use • Acquire ownership of marina and adjoining property from Army • Resolve environmental carve out properties with Army EXPLORE MARKETABILITY OF LARGE BUILDINGS FOR ADAPTIVE REUSE ENTRY GATE EXPAND MARINA WHERRY QUARTER INGALLS ROAD ACQUIRE MARINA (PRIVATIZE) CONNECT MARINA WITH HISTORIC VILLAGE RESTAURANT RETAIL SITE HISTORIC VILLAGE SELL HOMES WITH HISTORIC EASEMENTS IMPROVE PARKING NORTH GATE INNER FORT EVALUATE TRADOC (RES. OR OFFICE) WATERFRONT PARK PHASE 1 POTENTIAL HIGH SPEED FERRY DESTINATION PHASE 3 • • North Gate (0-15 years) Acquire unresolved Army property to complete ownership of North Gate NPS Identify a transition zone between Historic Village and new development sites o Use existing multi-family residential and municipal buildings for transition to new development site • North Gate is an opportunity for new development that: o Supports preserving Fort Monroe and telling the stories o Complies with the historic preservation design standards and the Programmatic Agreement • Improve access to Mill Creek • Create living shoreline on Mill Creek • Construct Stillwell Road section of 7 mile trail GREEN EDGE (PART OF 7-MILE WATERFRONT RECREATIONAL TRAIL TRANSITION ZONE ENTRY GATE WHERRY QUARTER NORTH GATE HISTORIC VILLAGE INNER FORT NEW DEVELOPMENT THAT RESPECTS VIEWS TO THE WATER, INNER FORT, & HISTORIC ROAD ALIGNMENT PHASE 4 • Wherry Quarter (0-20 years) Create and implement strong green connections that link the NPS to the Inner Fort and Mill Creek to Waterfront Park • Future development opportunities should be considered and financially valued (with revenue from HOA fees) • Maintain a public space buffer along Bay but preserve development opportunity along Fenwick Road • • NPS ENTRY GATE REUSE EXISTING BUILDINGS Green areas within Wherry should be used for active/passive recreation (i.e. beach access, sports fields, bathhouses, picnic shelters, etc.) Continue to lease existing building to generate revenue for Fort Monroe • Resolve environmental carve out area with Army • Preserve view from Fort to Bay and Bay to Fort WHERRY QUARTER TWO STRONG GREEN CONNECTIONS IMPROVE BEACH ACCESS NORTH GATE VIEWS HISTORIC VILLAGE INNER FORT COMPLETE PHASE 2 OF WATERFRONT PARK FORT MONROE MASTER PLAN AMENITIES EXPANDED BEACHES 7-MILE TRAIL MARINA WATERFRONT PARK FORT MONROE CONNECTIVITY DOWNTOWN HAMPTON PEDESTRIAN, VEHICULAR, BICYCLE PHOEBUS Connect our communities Preserve our architecture Tell our stories Memorialize our past Preserve access to our waterfront DRAFT 2013 FORT MONROE MASTER PLAN DRAFT 2013 FORT MONROE MASTER PLAN • Preserve the place • Tell the stories • Achieve economic independence Next Steps • Prepare Final Master Plan for presentation to: - Planning Advisory Group – September 26 - Finance Committee – October 10 - Board – October 24 - Governor – December 31, 2013