Transcript Pleasanton Economic Outlook

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Fort Monroe Economic Advisory Services
Bay Area Economics
About BAE
 Award-winning urban economists
and development advisors
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 25 person firm, founded in 1986
 Offices in San Francisco Bay
Area, Washington, DC, New York
City & Sacramento
 Core Services:
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Redevelopment/Revitalization
Development Feasibility
Public/Private Transactions
Fiscal Impacts Analysis
Economic Development
Affordable Housing
Military Base Reuse
Military Base Reuse Experience
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More than 25 bases and host communities
• Advance Planning
• Economic Development Strategies
• Housing Assessments
• Market Studies
• Financial Analysis and Feasibility for Reuse
• Infrastructure Financing
• Conveyance Processes
• Negotiations with Military Services
• Developer Solicitations
• Transaction Support
• Short- and Long-Term Lease Transactions
• Business Planning and Strategic Advisory Services
The Presidio of San Francisco
• Major historic and natural resource
• Transferred to the National Park
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Service with a requirement to become
financially self-sufficient
• Operating and maintenance budget
• Service District Charge for municipal
services provided by NPS
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Detailed financial modeling
Developer solicitations
Lease negotiations
Governance options
Park business operations support
Key Areas of Responsibility: Fiscal
Impacts
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Evaluating reuse/development alternatives
New services required of the City of Hampton
New revenues and costs generated by building reuse
and new development
Annual phasing of costs and revenues
Operating and Maintenance Costs
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Dissect the Army’s current $15 million annual O&M
cost
Pare it down to essential activities
Build a “bottom-up” budget based on private-sector
and municipal cost structures
Allocate between services provided by the City,
services provided by the tenants/owners and services
provided by the governance entity
Adjust for buildings leased or sold and no longer
maintained by FMFADA
Adjust for vacant buildings
Sale vs. Lease of Sites and Buildings
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Short-term “patch and paint” leasing
Draw upon prior market analysis
Revenue potential
Impacts on financing
Balance between up-front revenue vs. long-term
revenue to maintain historic and public use resources
Financial Model
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Detailed financial cash flow modeling on an annual
basis for a 20-year planning period
Flow of revenues and costs
Infrastructure and code compliance costs
Multiple alternatives
Model available for FMFADA operations going forward
Assess overall financial sustainability
Governance Alternatives
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Many options
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Governmental entity
Public/private entity
Non-profit developer
Private developer
Pro’s and con’s
Issue of National Park Service role