02.0 - Rally Austin - Presentation — original pdf

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Rally Austin Update May 2025 Commissions WHO WE ARE MISSION Facilitating equitable development for economic growth while preserving Austin's unique culture. VISION A culturally resilient and economically integrated Austin where diverse communities thrive without risk of displacement. LEADING INVESTMENTS IN OUR COMMUNITY, AS A COMMUNITY Rally will focus its efforts to unite and drive progress across three critical areas of development in Central Texas: ARTS, MUSIC & CULTURE COMPLETE COMMUNITIES CATALYTIC DEVELOPMENT 2 WHO WE ARE OUR COMMUNITY AT WORK Board of Directors Collaboration of community leaders and nominating bodies who represent local organizations and asset holders. 7 City Of Austin Representatives: • Music Commission • Arts Commission • Historic Landmark • +City Directors 3 INVESTMENT HIGHLIGHTS RALLY AUSTIN MILESTONES Council begins to explore collaboration Austin Economic Development Corporation established Signed Interlocal agreement for initial projects 21-person board created, CEO and Staff search begin Strategic Plan provides Board Structure and Mission $2.4M for two creative space projects on City owned property AEDC recognized as 501c3 Non- Profit Organization $4.5M announced for Austin Playhouse $1.6M Iconic Venue Funding for The Hole in the Wall AEDC rebrands as Rally Austin Austin City Council Approves Developer Selection, Urban Renewal Agency recommendation for Blocks 16 & 18 $2.5M for Museum of Human Achievement Council approves a 30% increase in the Interlocal Agreement 2014 2020 2021 2022 2023 2024 Arts, Music & Culture Complete Communities Catalytic Development 4 DEVELOPMENT FOR PURPOSE Critical Areas of Development for Central Texas COMPLETE COMMUNITIES ARTS, MUSIC & CULTURE CATALYTIC DEVELOPMENT 5 DEVELOPMENT FOR PURPOSE BLOCK 16 & 18 EAST 11th ST Development of complete communities that improve quality of life for Austinites and focus on equitable development in underserved areas. Blocks 16 & 18 in the African American Cultural Heritage District with the Urban Renewal Board Philanthropic partnerships with Wells Fargo, C3 Presents, and Six Square “ We are proud partners of the Rally Austin team and their transformative work ensuring communities throughout Austin can flourish. — CHRIS RIOS, WELLS FARGO REGIONAL VP OF PHILANTHROPY & COMMUNITY IMPACT ” 6 DEVELOPMENT FOR PURPOSE ARTS, MUSIC & CULTURE AUSTIN CULTURAL TRUST IMPACT $11M in five projects valued at $24.2M $11M $24.2M $48.4M to $60.5M Rally Investment Project Value Projected Economic Impact INVESTMENTS $1.6M Hole in the Wall $2M Permitting and Development Center $400K Millenium Youth Entertainment Complex $4.5M Austin Playhouse $2.5M Museum of Human Achievement $400K Millennium Youth Entertainment Complex 7 INVESTMENT HIGHTLIGHTS ACTIVE COMMUNITY INVESTMENT PORTFOLIO Rally Austin’s portfolio of real estate projects is valued at approximately $152.2M, providing an estimated 277,500 square feet of affordable space: • 180,000 SF Affordable housing • 70,500 SF Cultural spaces • 14,000 SF Commercial spaces • 13,000 SF Outdoor and shared spaces include mixed-use development in the Key projects African American Cultural Heritage District and securing a long-term lease for The Hole in the Wall. Arts, Music & Culture Complete Communities Catalytic Development AUSTIN PLAYHOUSE PERMITTING AND DEVELOPMENT CENTER HOLE IN THE WALL MILLENIUM YOUTH COMPLEX BLOCKS 16 & 18 MUSEUM OF HUMAN ACHIEVEMEN T 8 8 CULTURAL TRUST PROGRAM PRIORITIES • Facilitating the acquisition and preservation of existing as well as the creation of new cultural arts and music venues • Achieve diversity, equity and inclusion • Provide permanent affordability for cultural and creative purposes. • Create a sustaining pipeline of Cultural Trust infrastructure as funding sources continue to become available. Creative offerings such as Theater, Dance, Visual Art are also in crisis. 9 CURRENT PORTFOLIO: 6 PROJECTS/7 ANCHOR ORGANIZATIONS Design Construction Post Construction Agreements Agreements Pre Construction PDC Millennium 4.2 M Bond 400 K Bond • Rude Mechs • Bat Cave • Theater renovation Hole in the Wall 1.6 M Investment • Capital Improvements • Rent Stipend Playhouse MOHA Empire 4.5 M Bond 2.5 M Bond 2.2 M Investment • Capital Project • Capital Project • Acquisition Loan 10 2026 BOND ELECTION 2026 Bond Proposal-Programs Complete Communities: Engaging communities with Equity, Affordability and Innovative practices Legacy Business Preservation and Commercial Trust Arts, Music & Culture: Proactive preservation for Affordability Expansion of the Cultural Trust Catalytic Development: Sustaining innovative long- term resilient investments Affordable Workspace and Workforce Initiative Rally Austin 2026 Bond Proposal 12