Long Beach CiviCore Alliance Presentation for Long Beach Ciivc Center (10/14/14)

THE NEW LONG BEACH A VIBRANT CIVIC CENTER October 14, 2014

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DARLING QUARTER $500M SYDNEY, AUSTRALIA

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TOM BRADLEY TERMINAL $1.9 BILLION LOS ANGELES, CA

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INTERCONTINENTAL HOTEL

$250M SAN FRANCISCO, CA

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PLAZA EL SEGUNDO $250M EL SEGUNDO, CA

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ELEPHANT AND CASTLE $3.5 BILLION LONDON, ENGLAND

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ROYAL ADELAIDE HOSPITAL

$2 BILLION ADELAIDE, AUSTRALIA

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STAPLES CENTER $375M LOS ANGELES, CA

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BARANGAROO $6 BILLION NEW SOUTH WALES, AUSTRALIA 8

THE PROGRAM Civic Uses

• • • • •

260,000 SF New City Hall 240,000 SF Port Building 78,300 SF New Cutting Edge Library New Park & Public Amenities 2017 Civic Center Completion

Public-Private Uses

• • • •

LBCC & CSULB Innovation Village 765-900 Residential Units 250 Room Hotel New Supermarket & Fitness 9

THE ALL NEW CIVIC CENTER – RECONNECTING THE CITY GRID 10

MIXED USE RESIDENTIAL PORT OF LONG BEACH CITY HALL

MIXED USE RESIDENTIAL

MIXED USE RESIDENTIAL

NEW LIBRARY

COMMUNITY CHAMBERS RETAIL AND INNOVATION VILLAGE HOTEL

LINCOLN PARK

THE ALL NEW CIVIC CENTER – PUBLIC / PRIVATE SYNERGIES 11

1ST STREET CENTRAL SPINE

ACTIVE – WALKABLE – FOCUS ON CITY HALL – EVENTS READY 12

1ST STREET CENTRAL SPINE

ABILITY TO CLOSE STREET - FESTIVALS - EVENTS 13

CITY HALL 14

CITY HALL A NEW HOME

260,000 SF / 13 FLOORS – SECURED ACCESS – CONNECTED PARKING LANDMARK MODERN ARCHITECTURE – TARGET LEED PLATINUM

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COMMUNITY CHAMBERS

34,000 SF – SECURED ACCESS – 250 SEATS PRIVATE CHAMBERS – MEETING ROOMS

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PORT HEADQUARTERS

LONG BEACH HARBOR LIGHTHOUSE 17

PORT ADMINISTRATION HEADQUARTERS

CITY HALL

ATTACHED PARKING

COMMUNITY CHAMBER

CITY HALL & PORT TOGETHER

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THE NEW LINCOLN PARK

AMPHITHEATER – EVENT SPACE – MEDITATION GARDEN 19

THE NEW LINCOLN PARK

CHILDREN’S PLAY AREA – COMMUNITY SPACE 20

THE NEW LINCOLN PARK

COMMUNITY GARDENS – PUBLIC ART – SCULPTURE GARDEN 21

THE NEW LINCOLN PARK

WATER FEATURE – DOG PARK 22

NEW LIBRARY IN THE PARK

78,300 SF – SPECIAL COLLECTIONS – 250 PERSON EVENT SPACE OUTDOOR AREAS – LIBRARY FOUNDATION CONSULTANT PROGRAM

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THE LIBRARY OF THE FUTURE

CUTTING EDGE TECHNOLOGY– OPEN, FLEXIBLE, MODERN EXPANDED INNOVATION CENTER

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+ Explore

THE LIBRARY OF THE FUTURE 25

+ Educate

THE LIBRARY OF THE FUTURE 26

+ Innovate

THE LIBRARY OF THE FUTURE 27

+ Create

THE LIBRARY OF THE FUTURE 28

PUBLIC-PRIVATE DEVELOPMENT

PLACEMAKING – ECONOMIC VALUE FOR CITY INCREASE SAFETY – ACTIVATION ON NIGHTS & WEEKENDS

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INNOVATION VILLAGE

CSULB & LBCC PARTNERSHIP – 15,000 SF – TECHNOLOGY INCUBATOR BUSINESS GROWTH – CONTINUING EDUCATION – ENTREPRENURSHIP

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CSULB & LBCC INNOVATION VILLAGE PARTNERING WITH BUSINESS & TECHNOLOGY COMMUNITY SOLUTIONS IN DESIGN, PROTOTYPING & MANUFACTURING ENGINEERING AND COMPUTING SOLUTIONS FOR HIGH-TECH INDUSTRIES COLLABORATING WITH THOUGHT LEADERS LAUNCH PAD FOR STUDENT INNOVATIONS

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CSULB & LBCC INNOVATION VILLAGE TECHNOLOGY FOCUSED ACCELERATOR CO-LOCATED WITH LBCC’S SMALL BUSINESS DEVELOPMENT CENTER ACCELERATE NEW HIGH GROWTH, INNOVATION-LED STARTUPS ENHANCE SMALL BUSINESS GROWTH, EXPAND CAPITAL ACCESS, AND CREATE JOBS

FOSTER THE ENTREPRENEURIAL SPIRIT AND ECOSYSTEM 32

RETAIL

25K SF BRISTOL FARMS – 19K SF SPECTRUM CLUB – 15K SF INNOVATION VILLAGE 17K SF RETAIL

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HOTEL

INTERCONTINENTAL’S HOTEL INDIGO – 250 ROOMS – FULL SERVICE BOUTIQUE HOTEL 16 STORIES – BANQUET ROOMS & RESTAURANT – CDC COMMITMENT

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RESIDENTIAL

Ocean: 18 Floors/256+ Units – Broadway: 7 Floors/339+ Units – 3rd Street: 6 Floors/170+ units Ground floor retail – Holland Partner Group Commitment

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A SUSTAINABLE FUTURE

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ECONOMIC IMPACT • $700M in new direct investment • 2,500 direct & indirect jobs • $2.4M in annual tax revenue • Cost certainty & risk transfer • Business incubation & expansion

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FINANCING For $12.6 Million Current Cost

Pay off existing Civic Center municipal bonds No capital expenditure to seismically retrofit City Hall

New Civic Center that reverts back to City at no cost

Hotel, residential & retail land value How it’s Funded

Savings from operational and mechanical efficiencies

Tax-exempt bond financing Over $100M equity investment 38

COMMUNITY OUTREACH

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PARTNERING WITH LBCCA THE TEAM THAT CAN DELIVER

• Experience in civic and private development • Largest PPP Developers • Local & International • $700M Investment • Jobs for Long Beach • Education & Innovation • We value your feedback • Your participation is essential 40

THANK YOU WWW.LBCIVIC.COM

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