SlideShare ist ein Scribd-Unternehmen logo
1 von 20
Downloaden Sie, um offline zu lesen
Downtown East By Tony Barranco, Vice President of Development Ryan Companies US, Inc. 
September 20, 2014
Transit-Friendly Location 
RYAN’SSITE
Post-MetrodomeDevelopment –Hubert’s
Downtown East –Low Density, Surface Parking
West Side of 5th Avenue –Physical Barrier
Minneapolis Skyway System
Mill District Development -2004 Aerial Photo
Mill District Development -2013 Aerial Photo 
St. Anthony Mills Apartments 
Guthrie Theatre 
Guthrie Parking Ramp 
Gold Medal Park 
American Academy of Neurology 
Zenith Condominiums 
Aloft Hotel 
The Bridgewater 
MacPhailCenter for Music 
Mill District City Apartments
Transit-Friendly Location 
RYAN’SSITE
Stadium District Per State Legislation
Reinventing Downtown East 
We started with a Stadium, Plaza and Parking 
 
$400 million private investment 
 
193 apartment units (first phase)/300 residents 
 
1,610 stall parking ramp 
 
5,000 -6,000 downtown jobs 
 
Connections between Stadium and Core 
 
$3.5 million annual taxes / $1 million to Minneapolis 
 
World-Class Urban Park
The Downtown East Development
Important Skyway Connection From Downtown to Stadium
Perspective View of Downtown
Most Significant Project Challenges 
Creating A Compelling Vision for ALL Project Stakeholders 
 
StarTribune (to allow us to control land) 
 
Corporate Office User –Wells Fargo 
 
Minnesota Sports Facilities Authority 
 
Minnesota Vikings 
 
City of Minneapolis 
 
Neighborhoods 
Expending SIGNIFICANT “at risk” Effort, $ 
 
Design 
 
Development 
 
Construction Management 
 
Legal 
 
Government Affairs 
 
Environmental 
 
AUAR 
Creating a Funding Plan that satisfied City, Wells Fargo 
 
No TIF 
Multi-party Public Commitments Required 
 
City of Minneapolis 
 
MSFA (required Minnesota Vikings concurrence) 
Aggressive Schedule 
 
Fixed occupancy date by Wells Fargo 
Managing Risks 
 
Corporate User Commitment 
 
Multi-Entity Political Decision-Making 
 
Construction Pricing/Availability 
 
Design Schedule 
 
Environmental Contamination
Funding Plan –Public Project Components 
Parking Ramps, Skyways 
 
Owned by MSFA 
 
Substantially funded through State legislation for Vikings Stadium 
Park 
 
Owned by City of Minneapolis 
Public Funding for Park, City Portion of Parking Ramp (non-Vikings): 
 
TIF is not an option for several key reasons 
Ryan Proposed Funding Plan 
 
Approximately $55 -$60 M G.O. bond issuance by City 
 
Ryan manages MSFA-owned Parking Ramps 
− 
Ryan takes all economic risks during contract term 
 
Ryan commits to make payments to City 
− 
Based on, but not tied to, parking NOI
Ryan’s Project Completed beforeStadium opening 
-City Council Approvals 
December 13, 2013 
-MSFA Board/Vikings Approval 
December 13, 2013 
-Acquired 5 blocksfrom StarTribune 
February 10, 2014 
-CityIssued G.O. Bonds 
March 4, 2014 
-Abatementand Demolition Start 
April 1, 2014 
-Groundbreaking Ceremony 
May 13, 2014 
-Initial Office Tower Delivery 
February2016 
-Initial Residential Delivery 
Spring2016 
-Park Opening 
2Q 2016 
Aggressive Project Schedule
Phase I -Downtown East 
-2 Wells Fargo buildings = 1,200,000sf 
-193 apartment units facing the park 
-1,610 stall parking ramp 
Plus air rights development above parking ramp 
(pending) 
-350 apartment units with Magellan/Ryan 
Air rights above parking ramp
It Takes a Village!
Downtown East By Tony Barranco, Vice President of DevelopmentRyan Companies US, Inc. 
Questions?

Weitere ähnliche Inhalte

Andere mochten auch

RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric EidlinRV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
Rail~Volution
 
RV 2014: Rail~Volution 101 by GB Arrington
RV 2014: Rail~Volution 101 by GB ArringtonRV 2014: Rail~Volution 101 by GB Arrington
RV 2014: Rail~Volution 101 by GB Arrington
Rail~Volution
 
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
Rail~Volution
 

Andere mochten auch (12)

RV 2014: Eds and Meds- Leveraging Anchor Institutions to Create Community
RV 2014: Eds and Meds- Leveraging Anchor Institutions to Create CommunityRV 2014: Eds and Meds- Leveraging Anchor Institutions to Create Community
RV 2014: Eds and Meds- Leveraging Anchor Institutions to Create Community
 
RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric EidlinRV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
RV 2014: HSR for Midsize Cities: TOD Lessons from Near and Far by Eric Eidlin
 
RV 2014: Urban Circulator Roundtable: Shaping Cities one Challenge at a Time ...
RV 2014: Urban Circulator Roundtable: Shaping Cities one Challenge at a Time ...RV 2014: Urban Circulator Roundtable: Shaping Cities one Challenge at a Time ...
RV 2014: Urban Circulator Roundtable: Shaping Cities one Challenge at a Time ...
 
RV 2014: Great Expectations for Large-Scale TOD by Bill Sirois
RV 2014: Great Expectations for Large-Scale TOD by Bill SiroisRV 2014: Great Expectations for Large-Scale TOD by Bill Sirois
RV 2014: Great Expectations for Large-Scale TOD by Bill Sirois
 
RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Antonio...
RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Antonio...RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Antonio...
RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Antonio...
 
RV 2014: When Transportation and Public Health Intersect in Minnesota by Ambe...
RV 2014: When Transportation and Public Health Intersect in Minnesota by Ambe...RV 2014: When Transportation and Public Health Intersect in Minnesota by Ambe...
RV 2014: When Transportation and Public Health Intersect in Minnesota by Ambe...
 
RV 2014: Rail~Volution 101 by GB Arrington
RV 2014: Rail~Volution 101 by GB ArringtonRV 2014: Rail~Volution 101 by GB Arrington
RV 2014: Rail~Volution 101 by GB Arrington
 
922 12 pollack_lunch learn equity
922 12 pollack_lunch learn equity922 12 pollack_lunch learn equity
922 12 pollack_lunch learn equity
 
TOD and Parking: Matching the Requirements to the Neighborhood by Karina Ricks
TOD and Parking: Matching the Requirements to the Neighborhood by Karina RicksTOD and Parking: Matching the Requirements to the Neighborhood by Karina Ricks
TOD and Parking: Matching the Requirements to the Neighborhood by Karina Ricks
 
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
Multi-Modal Transportation in North Texas: Increasing Connectivity Between Jo...
 
RV 2015: Sustainable Corridors: Broad and Specific Looks by David Leard, AICP
RV 2015: Sustainable Corridors: Broad and Specific Looks by David Leard, AICPRV 2015: Sustainable Corridors: Broad and Specific Looks by David Leard, AICP
RV 2015: Sustainable Corridors: Broad and Specific Looks by David Leard, AICP
 
Integrating Health, Livable Communities and Transit: A How-To Discussion by E...
Integrating Health, Livable Communities and Transit: A How-To Discussion by E...Integrating Health, Livable Communities and Transit: A How-To Discussion by E...
Integrating Health, Livable Communities and Transit: A How-To Discussion by E...
 

Ähnlich wie RV 2014: The Infill TOD Circus- Step Right Up! by Tony Barranco

Torrey pines road corridor study final
Torrey pines road corridor study finalTorrey pines road corridor study final
Torrey pines road corridor study final
kday1
 
Tax Increment Financing
Tax Increment Financing Tax Increment Financing
Tax Increment Financing
NCRProgram
 
Beaverton civic plan city council 030111 forweb
Beaverton civic plan city council 030111 forwebBeaverton civic plan city council 030111 forweb
Beaverton civic plan city council 030111 forweb
fregoneseassociates
 
4710 pres. final
4710 pres. final4710 pres. final
4710 pres. final
elie17
 
Transportation Benefit Districts
Transportation Benefit DistrictsTransportation Benefit Districts
Transportation Benefit Districts
Justin_Clary
 
1100 2nd St S RFP_2010 2
1100 2nd St S RFP_2010 21100 2nd St S RFP_2010 2
1100 2nd St S RFP_2010 2
Mill City Times
 

Ähnlich wie RV 2014: The Infill TOD Circus- Step Right Up! by Tony Barranco (20)

Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
Slideshow: RiverFirst Design and Implementation Plan (presented Sept 2011)
 
Infrastructure Financing Mechanisms in Massachusetts
Infrastructure Financing Mechanisms in MassachusettsInfrastructure Financing Mechanisms in Massachusetts
Infrastructure Financing Mechanisms in Massachusetts
 
Executive Summary: Schematic Design, Finance Strategy and Next Steps
Executive Summary: Schematic Design, Finance Strategy and Next StepsExecutive Summary: Schematic Design, Finance Strategy and Next Steps
Executive Summary: Schematic Design, Finance Strategy and Next Steps
 
MAPD 2010 - I-cubed dif-other financing
MAPD 2010 - I-cubed dif-other financingMAPD 2010 - I-cubed dif-other financing
MAPD 2010 - I-cubed dif-other financing
 
Community Forum 2010v2
Community Forum 2010v2Community Forum 2010v2
Community Forum 2010v2
 
Ephesus Fordham Information Session for Area Businesses
Ephesus Fordham Information Session for Area BusinessesEphesus Fordham Information Session for Area Businesses
Ephesus Fordham Information Session for Area Businesses
 
Sunrise Valley Dr. from Glade Dr. to Reston Parkway Sidewalk July 2020
Sunrise Valley Dr. from Glade Dr. to Reston Parkway Sidewalk July 2020 Sunrise Valley Dr. from Glade Dr. to Reston Parkway Sidewalk July 2020
Sunrise Valley Dr. from Glade Dr. to Reston Parkway Sidewalk July 2020
 
Torrey pines road corridor study final
Torrey pines road corridor study finalTorrey pines road corridor study final
Torrey pines road corridor study final
 
Miami-Dade MPO FPC Meeting
Miami-Dade MPO FPC MeetingMiami-Dade MPO FPC Meeting
Miami-Dade MPO FPC Meeting
 
Hunter Mill Road and Sunrise Valley Drive Pedestrian Improvements
Hunter Mill Road and Sunrise Valley Drive Pedestrian ImprovementsHunter Mill Road and Sunrise Valley Drive Pedestrian Improvements
Hunter Mill Road and Sunrise Valley Drive Pedestrian Improvements
 
FAPA Conference - Promoting economic growth through rapid transit investment
FAPA Conference - Promoting economic growth through rapid transit investmentFAPA Conference - Promoting economic growth through rapid transit investment
FAPA Conference - Promoting economic growth through rapid transit investment
 
VTA Development Review Annual Report
VTA Development Review Annual ReportVTA Development Review Annual Report
VTA Development Review Annual Report
 
Reston Funding Plan
Reston Funding PlanReston Funding Plan
Reston Funding Plan
 
Reston Funding Plan-Funding Scenarios
Reston Funding Plan-Funding ScenariosReston Funding Plan-Funding Scenarios
Reston Funding Plan-Funding Scenarios
 
Tax Increment Financing
Tax Increment Financing Tax Increment Financing
Tax Increment Financing
 
convert_255356
convert_255356convert_255356
convert_255356
 
Beaverton civic plan city council 030111 forweb
Beaverton civic plan city council 030111 forwebBeaverton civic plan city council 030111 forweb
Beaverton civic plan city council 030111 forweb
 
4710 pres. final
4710 pres. final4710 pres. final
4710 pres. final
 
Transportation Benefit Districts
Transportation Benefit DistrictsTransportation Benefit Districts
Transportation Benefit Districts
 
1100 2nd St S RFP_2010 2
1100 2nd St S RFP_2010 21100 2nd St S RFP_2010 2
1100 2nd St S RFP_2010 2
 

Mehr von Rail~Volution

RV 2015: Pecha Kucha by Jacob Splan
RV 2015: Pecha Kucha by Jacob SplanRV 2015: Pecha Kucha by Jacob Splan
RV 2015: Pecha Kucha by Jacob Splan
Rail~Volution
 

Mehr von Rail~Volution (20)

Rail~Volution 2017 John Martin | Headwinds or Tailwinds?
Rail~Volution 2017 John Martin | Headwinds or Tailwinds?Rail~Volution 2017 John Martin | Headwinds or Tailwinds?
Rail~Volution 2017 John Martin | Headwinds or Tailwinds?
 
Station Area Planning: The Fundamentals by Tim Chan
Station Area Planning: The Fundamentals by Tim ChanStation Area Planning: The Fundamentals by Tim Chan
Station Area Planning: The Fundamentals by Tim Chan
 
Station Area Planning: The Fundamentals by W. Brian Keith
Station Area Planning: The Fundamentals by W. Brian KeithStation Area Planning: The Fundamentals by W. Brian Keith
Station Area Planning: The Fundamentals by W. Brian Keith
 
BRT 101: Design, Operations and Economic Impact by Andrew Guthrie
BRT 101: Design, Operations and Economic Impact by Andrew GuthrieBRT 101: Design, Operations and Economic Impact by Andrew Guthrie
BRT 101: Design, Operations and Economic Impact by Andrew Guthrie
 
TOD Redevelopment on the Grandest Scale by Tom Young
TOD Redevelopment on the Grandest Scale by Tom YoungTOD Redevelopment on the Grandest Scale by Tom Young
TOD Redevelopment on the Grandest Scale by Tom Young
 
Advocacy and Coalition Building: Fighting Transit Opposition by Julie Gustafson
Advocacy and Coalition Building: Fighting Transit Opposition by Julie GustafsonAdvocacy and Coalition Building: Fighting Transit Opposition by Julie Gustafson
Advocacy and Coalition Building: Fighting Transit Opposition by Julie Gustafson
 
Food: How Transit is Improving Choices by Veletta Lill
Food: How Transit is Improving Choices by Veletta LillFood: How Transit is Improving Choices by Veletta Lill
Food: How Transit is Improving Choices by Veletta Lill
 
Sharing the Road, Sharing the Bike by Jennifer McGrath
Sharing the Road, Sharing the Bike by Jennifer McGrathSharing the Road, Sharing the Bike by Jennifer McGrath
Sharing the Road, Sharing the Bike by Jennifer McGrath
 
Employment TOD: The Other E in ETOD by Alden S. Raine, PhD
Employment TOD: The Other E in ETOD by Alden S. Raine, PhDEmployment TOD: The Other E in ETOD by Alden S. Raine, PhD
Employment TOD: The Other E in ETOD by Alden S. Raine, PhD
 
Rail~Volution 101 - Fundamentals: Principles and Practices
Rail~Volution 101 - Fundamentals: Principles and PracticesRail~Volution 101 - Fundamentals: Principles and Practices
Rail~Volution 101 - Fundamentals: Principles and Practices
 
The Other TOD: Retaining Existing Development in a Corridor by Terry Benelli
The Other TOD: Retaining Existing Development in a Corridor by Terry BenelliThe Other TOD: Retaining Existing Development in a Corridor by Terry Benelli
The Other TOD: Retaining Existing Development in a Corridor by Terry Benelli
 
TOD and Parking: Matching the Requirements to the Neighborhood by Meea Kang
TOD and Parking: Matching the Requirements to the Neighborhood by Meea KangTOD and Parking: Matching the Requirements to the Neighborhood by Meea Kang
TOD and Parking: Matching the Requirements to the Neighborhood by Meea Kang
 
TOD and Parking: Matching the Requirements to the Neighborhood by Jason Witte...
TOD and Parking: Matching the Requirements to the Neighborhood by Jason Witte...TOD and Parking: Matching the Requirements to the Neighborhood by Jason Witte...
TOD and Parking: Matching the Requirements to the Neighborhood by Jason Witte...
 
A Complete Picture of Corridor Planning: The Fundamentals by Dwight Schock
A Complete Picture of Corridor Planning: The Fundamentals by Dwight Schock A Complete Picture of Corridor Planning: The Fundamentals by Dwight Schock
A Complete Picture of Corridor Planning: The Fundamentals by Dwight Schock
 
RV 2015: Sustainable Corridors: Broad and Specific Looks by Robert Hastings
RV 2015: Sustainable Corridors: Broad and Specific Looks by Robert HastingsRV 2015: Sustainable Corridors: Broad and Specific Looks by Robert Hastings
RV 2015: Sustainable Corridors: Broad and Specific Looks by Robert Hastings
 
RV 2015: Art, Community Culture and TOD: Four Stories by Abigail Thorne-Lyman
RV 2015: Art, Community Culture and TOD: Four Stories by Abigail Thorne-LymanRV 2015: Art, Community Culture and TOD: Four Stories by Abigail Thorne-Lyman
RV 2015: Art, Community Culture and TOD: Four Stories by Abigail Thorne-Lyman
 
RV 2015: Advocacy and Coalition Building: Fighting Transit Opposition by Mega...
RV 2015: Advocacy and Coalition Building: Fighting Transit Opposition by Mega...RV 2015: Advocacy and Coalition Building: Fighting Transit Opposition by Mega...
RV 2015: Advocacy and Coalition Building: Fighting Transit Opposition by Mega...
 
RV 2015: Transit Cost + Equity: Current Trends in Affordable Fares and Passes...
RV 2015: Transit Cost + Equity: Current Trends in Affordable Fares and Passes...RV 2015: Transit Cost + Equity: Current Trends in Affordable Fares and Passes...
RV 2015: Transit Cost + Equity: Current Trends in Affordable Fares and Passes...
 
RV 2015: Pecha Kucha by Jacob Splan
RV 2015: Pecha Kucha by Jacob SplanRV 2015: Pecha Kucha by Jacob Splan
RV 2015: Pecha Kucha by Jacob Splan
 
RV 2015: Guerrilla Placemaking by Josh Ghaffari
RV 2015: Guerrilla Placemaking by Josh GhaffariRV 2015: Guerrilla Placemaking by Josh Ghaffari
RV 2015: Guerrilla Placemaking by Josh Ghaffari
 

Kürzlich hochgeladen

Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured PortfolioListing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey
 
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
delhi24hrs1
 
Acibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin TurkeyAcibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin Turkey
Listing Turkey
 
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
delhi24hrs1
 
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
asmaqueen5
 
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
asmaqueen5
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ - Mainstreet Equity Corp.
 
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
ApartmentWala1
 
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
asmaqueen5
 
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
delhi24hrs1
 
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
ApartmentWala1
 

Kürzlich hochgeladen (20)

Listing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured PortfolioListing Turkey - 2024 - May Featured Portfolio
Listing Turkey - 2024 - May Featured Portfolio
 
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
Cheap Rate ✨➥9711108085▻✨Call Girls In Connaught Place (Delhi)
 
Nyati Elite NIBM Road Pune E Brochure.pdf
Nyati Elite NIBM Road Pune E Brochure.pdfNyati Elite NIBM Road Pune E Brochure.pdf
Nyati Elite NIBM Road Pune E Brochure.pdf
 
Acibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin TurkeyAcibadem Konaklari Uskudar - Listin Turkey
Acibadem Konaklari Uskudar - Listin Turkey
 
Housing Price Regulation Thesis Defense by Slidesgo.pptx
Housing Price Regulation Thesis Defense by Slidesgo.pptxHousing Price Regulation Thesis Defense by Slidesgo.pptx
Housing Price Regulation Thesis Defense by Slidesgo.pptx
 
Madhugiri Boucher Managed Farmland (knx)
Madhugiri Boucher Managed Farmland (knx)Madhugiri Boucher Managed Farmland (knx)
Madhugiri Boucher Managed Farmland (knx)
 
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
Cheap Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 1 (Gurgaon)
 
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
~Call Girls In Roop Nagar {8447779280}(Low Price) Escort Service In Delhi
 
Best Interior Design Services in Haldwani
Best Interior Design Services in HaldwaniBest Interior Design Services in Haldwani
Best Interior Design Services in Haldwani
 
Bridge & Elliot Ladner Floor Plans May 2024.pdf
Bridge & Elliot Ladner Floor Plans May 2024.pdfBridge & Elliot Ladner Floor Plans May 2024.pdf
Bridge & Elliot Ladner Floor Plans May 2024.pdf
 
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
Call girls In Rana Pratap Bagh {Delhi ↫8447779280↬Escort Service (Delhi)
 
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor PresentationMEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
MEQ Mainstreet Equity Corp Q2 2024 Investor Presentation
 
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
Low Density Living New Project in BPTP THE AMAARIO Sector 37D Gurgaon Haryana...
 
SVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property BroadcastSVN Live 5.6.24 Weekly Property Broadcast
SVN Live 5.6.24 Weekly Property Broadcast
 
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
Low Rate Call girls in Sant Nagar{Delhi }8447779280} Service Escorts In South...
 
Yashwin Enchante Uppar Kharadi Pune E-Brochue.pdf
Yashwin Enchante Uppar Kharadi Pune  E-Brochue.pdfYashwin Enchante Uppar Kharadi Pune  E-Brochue.pdf
Yashwin Enchante Uppar Kharadi Pune E-Brochue.pdf
 
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
Low Rate ✨➥9582086666▻✨Call Girls In Gurgaon Sector 21 (Gurgaon)
 
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdfVanam At Purva Soukhyam Guduvanchery.pdf.pdf
Vanam At Purva Soukhyam Guduvanchery.pdf.pdf
 
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
BPTP THE AMAARIO For The Royals Of Tomorrow in Sector 37D Gurgaon Dwarka Expr...
 
Rohan Harita Tathawade Pune Brochure.pdf
Rohan Harita Tathawade Pune Brochure.pdfRohan Harita Tathawade Pune Brochure.pdf
Rohan Harita Tathawade Pune Brochure.pdf
 

RV 2014: The Infill TOD Circus- Step Right Up! by Tony Barranco

  • 1. Downtown East By Tony Barranco, Vice President of Development Ryan Companies US, Inc. September 20, 2014
  • 4. Downtown East –Low Density, Surface Parking
  • 5. West Side of 5th Avenue –Physical Barrier
  • 7. Mill District Development -2004 Aerial Photo
  • 8. Mill District Development -2013 Aerial Photo St. Anthony Mills Apartments Guthrie Theatre Guthrie Parking Ramp Gold Medal Park American Academy of Neurology Zenith Condominiums Aloft Hotel The Bridgewater MacPhailCenter for Music Mill District City Apartments
  • 10. Stadium District Per State Legislation
  • 11. Reinventing Downtown East We started with a Stadium, Plaza and Parking  $400 million private investment  193 apartment units (first phase)/300 residents  1,610 stall parking ramp  5,000 -6,000 downtown jobs  Connections between Stadium and Core  $3.5 million annual taxes / $1 million to Minneapolis  World-Class Urban Park
  • 12. The Downtown East Development
  • 13. Important Skyway Connection From Downtown to Stadium
  • 15. Most Significant Project Challenges Creating A Compelling Vision for ALL Project Stakeholders  StarTribune (to allow us to control land)  Corporate Office User –Wells Fargo  Minnesota Sports Facilities Authority  Minnesota Vikings  City of Minneapolis  Neighborhoods Expending SIGNIFICANT “at risk” Effort, $  Design  Development  Construction Management  Legal  Government Affairs  Environmental  AUAR Creating a Funding Plan that satisfied City, Wells Fargo  No TIF Multi-party Public Commitments Required  City of Minneapolis  MSFA (required Minnesota Vikings concurrence) Aggressive Schedule  Fixed occupancy date by Wells Fargo Managing Risks  Corporate User Commitment  Multi-Entity Political Decision-Making  Construction Pricing/Availability  Design Schedule  Environmental Contamination
  • 16. Funding Plan –Public Project Components Parking Ramps, Skyways  Owned by MSFA  Substantially funded through State legislation for Vikings Stadium Park  Owned by City of Minneapolis Public Funding for Park, City Portion of Parking Ramp (non-Vikings):  TIF is not an option for several key reasons Ryan Proposed Funding Plan  Approximately $55 -$60 M G.O. bond issuance by City  Ryan manages MSFA-owned Parking Ramps − Ryan takes all economic risks during contract term  Ryan commits to make payments to City − Based on, but not tied to, parking NOI
  • 17. Ryan’s Project Completed beforeStadium opening -City Council Approvals December 13, 2013 -MSFA Board/Vikings Approval December 13, 2013 -Acquired 5 blocksfrom StarTribune February 10, 2014 -CityIssued G.O. Bonds March 4, 2014 -Abatementand Demolition Start April 1, 2014 -Groundbreaking Ceremony May 13, 2014 -Initial Office Tower Delivery February2016 -Initial Residential Delivery Spring2016 -Park Opening 2Q 2016 Aggressive Project Schedule
  • 18. Phase I -Downtown East -2 Wells Fargo buildings = 1,200,000sf -193 apartment units facing the park -1,610 stall parking ramp Plus air rights development above parking ramp (pending) -350 apartment units with Magellan/Ryan Air rights above parking ramp
  • 19. It Takes a Village!
  • 20. Downtown East By Tony Barranco, Vice President of DevelopmentRyan Companies US, Inc. Questions?