Item 3.c.: Draft 2 - SCW Plan Implementation Update_PART 3 — original pdf

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DRAFT | September 23, 2020 DRAFT | September 23, 2020 DRAFT | August 18, 2020 South Central Waterfront 2020 South Central Waterfront Vision Framework Plan Update DRAFT | September 23, 2020 DRAFT | September 23, 2020 Table of Contents 2 5 8 25 48 Introduction Physical Framework Financial Framework Appendices City Leadership : Implementation Priorities DRAFT | September 23, 2020 DRAFT | September 23, 2020 Financial Framework 4 THE SCW FINANCIAL FRAMEWORK FUNDING TOOLKIT DRAFT | September 23, 2020 DRAFT | September 23, 2020 ● ● ● R D ● ● ● ○ ○ T F A R ✔ ✔ D A ✔ ✔ ✔ ✔ ✔ T F ✔ ✔ ✔ ✔ ✔ ✔ Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # DRAFT | September 23, 2020 DRAFT | September 23, 2020 DISTRICT PROJECT COSTS ● ● ○ ○ ■ ■ ● ● F T A M 1 . 1 1 $ M 9 . 9 4 $ M 9 . 9 7 $ D R M 1 . 5 $ M 7 . 2 $ M 5 . 5 $ M 9 . 5 $ M 1 . 7 $ M 5 . 3 $ M 8 . 1 $ SIGNIFICANCE OF THE STATESMAN & CROCKETT SITES M 3 . 9 7 $ ○ ○ ○ ● ● ● ● T A F ● ● ● ● ● ● ● ● ● ● R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # DRAFT | September 23, 2020 DRAFT | September 23, 2020 BUILDOUTS FOR FINANCIAL ANALYSIS TIPPING PARCELS T F A ● ● R D T F A R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # DRAFT | September 23, 2020 DRAFT | September 23, 2020 HYBRID BUILDOUT ● ● ● ● ● T F A UPDATED 3D MODEL - COULD BE GOOD TO SHOW USES TOO R D T F A R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # DRAFT | September 23, 2020 DRAFT | September 23, 2020 STATESMAN PUD BUILDOUT ● ● ● T F A R D T F A R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # AFFORDABLE HOUSING DRAFT | September 23, 2020 DRAFT | September 23, 2020 T F A R D REFINING THE AFFORDABLE HOUSING STRATEGY & POLICY CONSIDERATIONS TO MEET DISTRICT GOALS PROVIDING UNITS WITHIN DISTRICT VS OUTSIDE DISTRICT D R ● ● ● ● ● ● ● ● ● ● ● ● ONSITE AFFORDABLE HOUSING REQUIREMENT DEPTH OF AFFORDABILITY T F A LEVERAGING CITY OWNED PROPERTY AT ONE TEXAS CENTER EVALUATING ECONOMIC IMPACTS OF AH POLICY Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # FINANCIAL CALCULATOR DRAFT | September 23, 2020 DRAFT | September 23, 2020 T F A R D T F A R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # DRAFT | September 23, 2020 DRAFT | September 23, 2020 SCENARIO EVALUATION WITH THE FINANCIAL CALCULATOR KEY TAKEAWAYS Developments of the scale contemplated in the 2016 SCW Framework Plan may be financially infeasible, even before accounting for infrastructure and affordability requirements. ● The most feasible affordable housing development types are low- and mid-rise 100% affordable rental projects ● Market conditions impede the viability of new development in the District. T F A R D T F A R D Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices # Executive Summary | Introduction | Physical Framework | Financial Framework | City Leadership | Appendices #