Chula Vista Bayfront 1990 1995 2000 2005 2010 2015 2020 1999 - PowerPoint PPT Presentation

Chula Vista Bayfront

1990 1995 2000 2005 2010 2015 2020 1999 E Street F Street H Street J Street L Street Interstate 5 Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N South Bay Power Plant

1990 1995 2000 2005 2010 2015 2020 1999 E Street F Street H Street J Street L Street North Campus South Campus Interstate 5 Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N South Campus

1990 1995 2000 2005 2010 2015 2020 2010 E Street F Street H Street J Street L Street Interstate 5 City of Chula Vista Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Pacifica Land Exchange

1990 1995 2000 2005 2010 2015 2020 2010 E Street F Street H Street J Street L Street Interstate 5 City of Chula Vista Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Substation Relocation

1990 1995 2000 2005 2010 2015 2020 1999 E Street F Street H Street J Street L Street Interstate 5 Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Historic Tidelands

1990 1995 2000 2005 2010 2015 2020 2019 E Street F Street H Street J Street L Street Interstate 5 City of Chula Vista Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N

E Street F Street H Street J Street L Street Interstate 5 City of Chula Vista Marina Pkwy Marina Way Sweetwater Marsh Sandpiper Way Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N RV Park Relocation

Planning Process (Began 2001) • Joint planning effort by Port and City of Chula Vista • Collaboration with Pacifica Companies • Driven by community input Settlement Agreement (May 2010) • Wildlife and habitat • Energy efficiency • Building design • Public participation • Parks and Recreation • Job Quality Entitlements • Environmental Impact Report Certification – May 2010 • State Lands Commission Approval – December 2010 • Coastal Commission Approval – August 2012 9

Wildlife Advisory Group (WAG) • Natural Resources Management Report Bayfront Cultural Design Committee • Design Guidelines 10

Chula Vista Bayfront Master Plan H Street E Street F Street J Street L Street Interstate 5 Marina Way Marina Pkwy Sweetwater Sandpiper Way Marsh Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Public Access and Open Space 11

Chula Vista Bayfront Master Plan H Street E Street F Street J Street L Street Interstate 5 Marina Way Marina Pkwy Sweetwater Sandpiper Way Marsh Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Public Amenities - Promenades 12

Chula Vista Bayfront Master Plan H Street E Street F Street J Street L Street Interstate 5 Marina Way Marina Pkwy Sweetwater Sandpiper Way Marsh Chula Vista Nature Center South Bay Salt Ponds Wildlife Reserve San Diego Bay N Public Amenities - Bikeways 13

Chula Vista Bayfront – Master Plan Illustrative J STREET L STREET H STREET F STREET E STREET • 100,000 SF mixed use/commercial • 9,500 SF • 120,000 SF • 3,000 space parking garage • 120,000 SF I-5 • 30 ft max height • 45 ft max height • 155 ft max height Interstate 5 • 44 ft max height • 420,000 SF office • • 250 rooms 237 RV spaces Mixed Use/ Commercial/ Public/ • 130 ft max height • 25 ft max height Parking Structure Quasi-Public Office • 300 ft max height • 200,000 SF (cultural/retail) • 65 ft max height Mixed Use/ Hotel/Office Commercial Park Industrial Business Park RV Park/ Campground Park Seasonal Hotel/ 24 ac • Portion of 2,850 hotel rooms Wetland: Cultural Retail allowed 14.7 ac Residential Industrial Business Nature Center parking Park Park RV Park Sweetwater Marsh Retail (around harbor) Park Signature Park: 21 ac Buffer: • 225,000 SF Resort Buffer: Park • 41.1 ac 25 ft max height Conference Center 25 ac • RV Park/ Campground • 25 ft max height Harbor and Marinas • 1,500 residential units • 25 ft - 45 ft podium heights Living Coast Discovery Existing Boat Park • 70 ft – 200 ft tower heights Center Yard Harbor Park: • 15,000 SF retail ground floor 25 ac • 415,000 SF max conference space South Bay Salt Ponds • 240 ft max hotel structure height • 120 ft max conference center height San Diego Bay Wildlife Reserve North v.07/03/14 Locally and State-Approved Land Use Plan by City of Chula Vista and Port of San Diego 14

6/24/2019 Chula Vista Bayfront Project Completed so far… H Street Extension Improvements • $8.2 million project • Demolished South Bay Power Plant • Includes separate bike path • Removed industrial pollution & contaminants • 16” water line to Harbor District • Completed two land exchanges

Port City • Transit Occupancy Tax • Existing Lease Revenues • DIF HOTEL and • Project Lease Revenues Revenue Revenue CONVENTION • Property Tax Equiv. • Annual Contribution CENTER • Municipal Services • Pacifica Land Exchange Agreement • SDG&E • PAD Fees JEPA Convention Center Bayfront Infrastructure

Chula Vista Bayfront Project Soil Import and South Campus Demolition and Grading

Chula Vista Bayfront Project $4.8 Million Sweetwater Bicycle Path and Promenade Project Grant

6/24/2019 Chula Vista Bayfront Project Destination RV Park – “Costa Vista” by Sun Communities, Inc. Construction anticipated Coastal Development First project on the to begin summer 2019 Could open in early Permit approved Chula Vista Bayfront September 12 2020

Disposition and Development Agreement • Term: 4 Years with option to extend up to 3 Years (Total 7 Year Term) • Design and Development of Project • Responsibilities of Parties • Conditions to Close Escrow • Lease of Project Site 20

Project Cost Proposed Sources and Uses Of Funds (In Millions) Developer District/City Total Private Public Investment Investment A. Hotel/Convention $785.0 $240.0 $1,025.0 Center B. Infrastructure --- $63.2 $63.2 C. Parking --- $40.0 $40.0 Improvements D. Total $785.0 $343.2 $1,128.2 21

Revenue Sharing Agreement Priority Disbursement Description 1 To District, Reimbursement of its Annual Contribution 2 To City, Reimbursement of 73.6% of Actual Bayfront Fire Services Costs 3 To District and City, Reimbursement of General Fund Contributions (Through Close of Escrow) 4 To District and City, Reimbursement of General Fund Contributions (After Close of Escrow) 5 To JEPA, One Year Additional Debt Service Reserves or Reserve Fund Insurance Policy 6 To District and City, Split Remaining Revenues 50/50 • Residual Revenues Expected in Lease Year 19 22

Project Benefits Chula Vista Regional Jobs: Jobs: • • 2,200 Construction 120 Construction • • 4,470 On-going 3,300 On-going Economic Output: Economic Impact: • • $1.3 Billion Construction $74.6 Million Construction • • $475 Million/Year On-Going $329Million/Year On-Going Surplus Revenues*: • District – $53.7M • City – $53.9M *At Lease Year 39 23

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