Bridging the Gap: Woodall Rodgers Park Update

1
Bridging the Gap Woodall Rodgers Park Update
A Panel Discussion with Moderator Chris
Heinbaugh, WFAA TV, Channel 8 News Panelists
Jim Burnett, Office of James Burnett Paul Dyer,
City of Dallas Park Recreation Department Jody
Grant, Texas Capital Bank Angela Hunt, Dallas
City Council, District 14 Linda Owen, The Real
Estate Council Willis Winters, City of Dallas
Park Recreation Department
2
The Real Estate Council Foundation Community
Grants 1993 2006
3
(No Transcript)
4
1stQ 2005 - TREC SELECTS WOODALL RODGERS DECKOVER
PARK AS IMPACT GRANT RECIPIENT FEBRUARY 24,
2005 PRESS ANNOUCEMENT WAS CATALYTIC Stimulated
capital investment and accelerated development
plans in the area MONTHLY STEERING COMMITTEE
MEETINGS Representatives from DART, TxDOT, City
of Dallas and business community ESTABLISHED 501
(C)3 WOODALL RODGERS PARK FOUNDATION CARTER
BURGESS LED FEASIBILITY STUDY AND MASTER
PLAN THE OFFICE OF JAMES BURNETT SELECTED AS OUR
LANDSCAPE ARCHITECT Conducted stakeholder
community meetings DAN BIEDERMAN OF NEW YORKS
BRYANT PARK HIRED TO CONSULT ON
PROGRAMMING ECONOMIC IMPACT STUDY COMPLETED BY
INSIGHT RESEARCH GOAL CONSTRUCTION TO COMMENCE
IN 2007 WITH 2010 OPENING
MOMENTUM TO DATE
5
2000 McKINNEY AVENUE
6
WOODALL RODGERS PARK PROJECT WORKSHOP - FEBRUARY
11th, 2006
PROGRAMMING
7
MAKE A PARK THAT CONNECTS THE DISTRICTS
8
MAKE A PARK FOR ALL PEOPLE
9
MAKE AN ACTIVE PARK
10
MAKE AN ACTIVE PARK
11
MAKE A PARK THAT IS FASCINATING
12
Q
A
L
S
D
T
V
S
M
P
I
E
J
W
C
Y
H
J
O
G
F
M
N
B
A
A
K
Q
X
R
THE GROVES LIGHT STRIPE OLIVE WATER
PLAZA CAFE/RESTROOMS CAFE TERRACE STAGE
THE WEST LAWN THE EAST LAWN CHILDRENS GARDEN THE
PROMENADE ARTS PLAZA UPTOWN PLAZA
BOTANICAL GARDENS DOG PARK WATER
FEATURE KIOSK ON-STREET PARKING SPECIAL
STREETSCAPE
A B C D E F
G H I J K L
M N O P Q R
SHADE STRUCTURE READING ROOM/GAMES ART
SCREEN BIKE RACKS TROLLEY PARK ICON FREEWAY SLICE
S T U V W X Y
13
(No Transcript)
14
(No Transcript)
15
(No Transcript)
16
COMING RENDERING / MONDAY
17
Public Input Session at Nasher Sculpture
CenterFebruary 11, 2006
Stakeholder MeetingFebruary 10, 2006
18
City of Dallas Town Hall Meetings on Proposed
2006 Capital Bond Program
19
Downtown Parks Master Plan Approved by Council
June 2004
20
Building the deck
21
FEDERAL/STATE 10 million earmarked in the 79th
Texas Legislature 450,000 North Central Texas
Council of Governments Green Ribbon Grant from
Dallas TxDOT CITY 20 million allocation in
the 2006 Capital Bond Program PRIVATE
Anonymous500K Anonymous3M Museum Tower, LP
(co-development of Brook Partners, Inc.
Turtle Creek Holdings, Inc.)500K Crescent
Real Estate Equities500K
Corrigan Properties, Inc1M Jody Sheila
Grant1M Hunt Consolidated, Inc1M JPI
Co./Schubert Family250K The Real Estate
Council1.5M Texas Capital Bank1M
Represents one donor who wishes to remain
anonymous. Represents more than one donor who
have not yet approved public release of their
gift.
FUNDRAISING
22
Trends Across the Country
Economic impact over next 10 years on adjacent
real estate market that is directly attributable
to Millennium Park totals 1.4 billion. -
Millennium Economic Impact Study URS The
Goodman Williams Group April 2005

• Bryant Park, NYC Grace Building---1.3 million
  square feet---went from 82 occupied and rents at
  30sqft to 100 occupied and rents as high as
  55sqft, between 1991 (when park began to reopen)
  and 1997, which was a period of stagnation for
  NYC midtown rents and occupancy outside of our
  little enclave.  
• Daniel Biederman, Bryant Park Corporation

• The Millennium Park Effect, By Edward K. Uhlir,
  FAIA

23

• BOSTON - POST OFFICE SQUARE
• CHICAGO MILLENIUM PARK
• LOS ANGELES PERSHING SQUARE
• NEW YORK CITY BRYANT PARK
• HOUSTON DOWNTOWN PARK
• San Francisco - Yerba Buena Park

24
(No Transcript)
25

• Direct Indirect Tax Revenue Impacts from 2006
  to 2025 to the following jurisdictions
• Direct Indirect Total Direct
  Indirect Taxes
• City of Dallas 400,000 1,975,000 2,375,000
• Dallas County 112,000 1,500,000 1,612,000
• State of Texas 1,613,000 3,645,000 5,258,000
  
• Dallas I S D 342,000 2,752,000 3,094,000
• DART 250,000 89,000 339,000
• TOTAL 2,717,000 9,961,000 12,678,000
• Tax Role Impacts
• Land Value Premium 23.7 Million
• Walking Distance Premium 2.8 Million
• Residential View Premiums 17.6 Million
• Tax Benefits of Major Project Influence 47.0
  Million
• TOTAL 91.1 Million

26
Woodall Rodgers Park will have a cumulative
economic impact of 312.7M over 20 year period.
27
Park Recreation - Current 2006 Bond Program
Outlined

• 307M - total for department
• 43M - downtown parks
• 20M - Woodall Rodgers Park
• Greenspace creates vibrancy
• and economic development

28
Connectivity
29
(No Transcript)
30
(No Transcript)
31
(No Transcript)
32
(No Transcript)