Item6_CDC 8.9.22 — original pdf

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Implementing inclusive and equitable public development services as a non-profit partner to the City of Austin August 9, 2022 Community Development Commission AEDC BOARD & TEAM Austin EDC Standing Committees Executive • • Governance Finance • • Strategic Planning • Real Estate Project Committees: • Cultural Trust Advisory Committee • Urban Renewal Board Partnership Working Group • + future projects 2 AEDC PROJECTS South Central Waterfrontc Urban Renewal District 11th Street URA Development Connecting Equitably Austin Cultural Trust Austin Cultural Trust • • • Managing 100+ acre multi parcel Tax Increment district (TIRZ) when established Assuring public benefit outlined in a 2016 Vision Plan Designing tools and strategies to assure even more affordable housing, creative spaces, local small businesses Austin EDC • • • Facilitating land development on key city blocks for the only Urban Renewal Agency in City Creating cross-sector partnership and assembling tools to do additional work Restore and secure cultural identity in gentrified/displaced neighborhood. • • • Leveraging the Cap and Stitch Project on I-35 identify potential projects along corridor to further equitable development opportunities that connect rather than separate neighborhoods Identify ways to connect neighborhoods to new amenities along the corridor Develop market feasible roadmaps for projects • • • Facilitating the preservation and development of cultural and creative infrastructure Achieve diversity, equity and inclusion, Provide permanent affordability for cultural and creative purposes. 3 Cultural Trust Program Priorities • Facilitating the acquisition and preservation of existing spaces as well as the creation of new cultural arts and music venues that are affordable and available for use by organizations and the public benefit the City's creative and cultural communities. • Achieve diversity, equity and inclusion, including by addressing past inequities experienced by underserved, under-represented, and marginalized individuals and groups. • Provide permanent affordability for cultural and creative purposes. • Create a sustaining pipeline of Cultural Trust infrastructure as funding sources continue to become available. Austin EDC 4 Cultural Trust Funds Available 12 M Creative Spaces Bond Fund • Acquisition & Development • Publicly accessible 2.4 M HOT Iconic Venue • Acquisition, development, and means necessary to secure the space • Requires ‘Tourism’ function • May require ‘Historic Zoning’ to provide property tax relief 2.5 M COA Budget – Iconic Venue • 15 M total over many years • More flexible than HOT funds Additional funds to leverage public funds: Loans-traditional • Loans-CDFI • • Social impact investments • Grants • CDBG funds [AHFC/LITC] • [NMTc] • Austin EDC 5 Cultural Trust Efforts To Date Request for Proposal: Nov 2021-March 2022 Website program page-updated weekly Office Hours ▪ Approximately 30+ hours Learning Hours/Open Sessions ▪ 9 Presentations & Videos ▪ 225 Views of Videos Direct Outreach and Reminders ▪ Group emails (500+ distribution) ▪ Newsletter inclusion ▪ Commission Announcements ▪ Direct emails (recruiting) ▪ Word of mouth Austin EDC 6 Cultural Trust Program Request for Proposals Results 45 Submissions ▪ 0 - 57 Years in existence (18 Avg) ▪ 41 Additional ‘Registered’ ▪ Diverse representation ▪ 16 Pipeline only Proposal by Creative Sector Theater Culture Music Dance New, No Location Visual Arts Austin EDC 7 Culture Dance Education Visual Arts Maker Music Theater Cultural Trust Program Update—14 Projects in Feasibility/Due Diligence ▪ Iconic Venues: 4 ▪ Existing Venues: 5 ▪ New Venues: 5 ▪ 5 Council Districts ▪ Organizations represent a diversity of communities in programming, audiences, and leadership/board Each project has unique real estate needs, and feasibility constraints. ▪ We will make announcements when New, No Location ▪ negotiations are complete. multi-use theater venues: 99 -500 seats Theater music performance venues: 300- 2300 capacity Culture Rehearsal spaces: music, dance, theater education classrooms Music Creative shared workspaces digital media studios Dance art galleries music recording studios Visual Arts Austin EDC 8 Urban Renewal District Blocks 16 & 18 Urban Renewal Board Lead Agency/ Land Ownership • Regulatory Framework • Urban Renewal Plan/NCCD zoning overlay • Multiple planning • community engagement documents Recent Council resolution related to African American Cultural District Anticipated Disposition Process • Request for Proposals Austin EDC 9 Primary Consultant Team Introduction Hayat Brown I Market and Economic Analysis DM/WBE Certifed with multiple agencies Page I Architecture, Planning, Urban Design, Community Engagement Jay Brown Project Director Daughan Pitts Real Estate Director Jen Boss Real Estate Strategy Ryan Losch Project Manager / Urban Design Lead Jamie Flatt Strategic Analyst • African American, woman-owned small business • Engineering and advisory services to support infrastructure • Largest integrated design firm in Austin • Interdisciplinary team of planners, urban designers, architects, capital improvement projects • P3 / Infrastructure / Real Estate Advisory specialty • Dedicated to municipal and institutional entities • Provide real estate and social infrastructure strategies to meet financial, facilities, and mission-focused goals landscape architects, and programmers • Expertise navigating complex regulatory hurdles in the City of Austin • Dedicated to supporting the ongoing evolution of urban areas • Work encourages development and redevelopment suited to the particular conditions of each site The Bingham Group I Engagement Partner | Minority Business Enterprise (MBE) • Full service lobbying firm • Represents and advises clients on government affairs, public affairs, and procurement matters in the Austin metro and throughout Central Texas Civilitude I Engineering Minority Business Enterprise (MBE) • Local, Asian minority-owned • Engineering and planning firm Technical and permitting knowhow • Positive working relationships with City staff • Experience interfacing with neighborhoods and other community stakeholders • 10 Nhat Ho Civil Engineer A.J. Bingham Engagement Lead Austin EDC Meredith Powell Miriam Connor Public City Public City designs, curates and produces authentic strategies and experiences that foster community and engage the public to advance the cities and communities it serves. The team includes Meredith Powell who co- founded Public City in 2013 and serves as CEO. Miriam Conner is a curator, artist manager, creative space maker and event producer. She currently serves as Community Organizer. Public City is HUB (TX) and WBE (COA) certified. Austin EDC 11 Primary Consultant Scope SCOPE 1 Predevelopment Planning SCOPE 2 Real Estate Analysis SCOPE 3 Engagement Strategy Program, Urban Design, & Technical Feasibility Program Finalization Cultural Anchor / retail, cafes, collaborative workspaces, improved, urban realm, and housing Economic Feasibility Phasing Strategy Pro Forma Scenarios Cultural Anchor Structure District Map Test-Fit Scenarios Interim Site Use Strategies District Precedents Project Administration Austin EDC Environmental, Mobility, Infrastructure, Sustainability Housing Market Analysis and Structure Post development respondent project review and analysis Identify creative proactive community communication and feedback strategies for effective construction and development communication processes Work collaboratively with URA & AEDC Partnership Working group and AEDC Community Relations Manager to achieve a ‘boots on the ground’ approach to district engagement Coordinate with other related community engagement efforts Support and facilitate Stakeholder Working Group to engage and guide the predevelopment services project. 12 Process Forward ▪ Assemble and synthesize information from prior efforts (in process) ▪ Engage community/stakeholders ▪ Validate/refine information from prior plans/studies ▪ Finalize development program ▪ Review technical & economic analysis ▪ Refine project development expectations/goals to include in the Request for proposals ▪ Develop Request for Proposals including analysis work, community ▪ Facilitate Request for Proposals process input Austin EDC 13