Development Update Sponsored By: Aaron Schmidt New Single Family - PowerPoint PPT Presentation

Platte County EDC Economic Development Update Sponsored By:

Aaron Schmidt

New Single Family Housing Update Hunt Midwest 3-6-15

KC Metro 7 County SF Building Permits by Year 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2011 2012 2013 2014

KC Metro 7 County SF Building Permits by Year 14000 12000 10000 8000 6000 4000 2000 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

2014 KC Metro 7 County SF Building Permits 1800 1600 1400 1200 1000 800 600 400 200 0 Cass Clay Jackson Platte Johnson Leavenworth Wyandotte Miami

2014 Kansas City SF Building Permits by County 900 42% 800 40% 700 600 500 400 18% 300 200 100 0 Clay Jackson Platte

2014 Kansas City SF Building Permits 1400 1200 1000 800 600 400 200 0 Lenexa, Olathe, Overland Park and Shawnee Kansas City, North Blue Springs and Lee's Summit

2014 KC Northland Residential Permits

Hunt Midwest Northland Projects Skyview Manor Park Place North

Indicators of new growth • Continued low mortgage rates • General economic growth – better employment and higher wages • More job security • Reductions in foreclosures and distressed / bank owned homes and lots • Local 6.9 month supply for new homes • NAHB projecting a 6.6% increase in housing starts for 2015 • Builder confidence • Strong multi-family market • 83 Million millennials begin to form households. They represent 25% of the entire United States population and are a bigger age cohort than baby boomers.

Councilman Ed Ford

Twin Creeks KC

Twin Creeks KC

Jim Bowers

Mark VanLoh

KCI Development Program Process Update

KCI Terminal Discussion Timeline • 1995 Airport Master Plan-new terminal discussions/designs • 1999 $259 million dollar remodel program instead, completed in 2004 • 2008 Airport Master Plan-new terminal discussions/designs-City Council approved plan but no further action • 2013 Airport Terminal Master Plan-(kitchen sink plan)- City Council approved plan, requested further information, additional airline consultation • 2014 Exhibit K document approved with airlines to further study terminal project 20

KC Star-Sunday, July 29 ,2007

History & Introduction Airport Terminal Council Advisory Group Use & Lease Resolution: & Negotiations Exhibit K Public Input 22

Program Goals Customer Affordability Convenience Improving KCI Efficiency Technology Flexibility Balance 23

Exhibit K: Planning Process Alternatives Work in Progress Facility Requirements Traffic Work in Progress Forecasts Complete Sept. 2014 24

Progress to Date Meetings & • 11 Leadership Committee Meetings Workshops • 6 Airline-Airport Workshops Technical • AvAirPros, PGAL Architects • LeighFisher Consultants • Landrum & Brown, and other technical experts Traffic • Data-Driven Forecast • Traffic Increases Consistent with Industry Metrics • Financial Modeling Finance • Bond Credit Rating Upgrade Facilities • Airline & Airport Input: facility requirements & operations 25

Forecast Process Airline Confidential interviews conducted in-person. Input Conference calls and correspondence. Analyzed city-pair markets based on airline input on City-Pairs service to existing and new destinations to prepare forecasted schedules. Derived Avg. Day Peak Month (ADPM) passenger Operations airline aircraft operations based on forecasted schedules and aircraft fleets. Derived Avg. Day Peak Month (ADPM) passengers Passengers based on forecasted schedules and load factors. Annual Derived annual passenger airline activity in 2025 and 2030 based on forecasted schedules. Demand 26

Airport Funding KCI Improvements are Funded by Airlines & Travelers • City tax revenues do not, and will not, pay for airport operations, maintenance & capital projects. Airport Fees & Charges Stay at KCI • Federal law prohibits diverting airport fees & charges for other City purposes. Airport Revenue Bonds • Bonds are secured only by airport fees & charges, passenger facility charges & federal grants — not by taxpayers. If you don’t use the airport, you don’t pay for the airport! 27

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Mike Duffy

Rosemary Salerno

Plans for the next 10 years (and beyond) are happening!

formerly MPI Partnered with Steiner + Associates since opening Took over Town Center property management in 2010

How do we continue to solidify Zona Rosa’s Northland market relevance?

Develop the remaining land on the 93-acre property. Land available for major boxes (40,000 s.f. +) Currently having conversations with several new-to-the-Northland retailers including another department store/organic grocery store.

Pre-approved hotel pad on the west side of the property Actively engaged in conversations with various hotel groups to develop the site

Pad on Barry Road – what opportunities exist? Available for sale | Develop ourselves for a single or multi-tenant building

Entertainment is a key focus and we are strategizing opportunities for the former movie theater space (family oriented entertainment concepts), as well as the outparcel pads. 160,000 s.f. of recent lease renewals

Office Space Loss of 40,000+ s.f. with Grantham University’s move to Kansas last year Two new office tenants: Gentiva Home Health & Panther Premium Logistics Class A Office Space – LEASING NOW!

Coming Soon Q Hot Pot new Japanese Fondue and Asian tapas bar Francesca’s ladies apparel and accessories *New Restaurant* Former Tomfooleries space Part of a 10 restaurant chain New to the market (regional operator) Great brand + offering not currently available at Zona Rosa.

10 million+ visitors annually shopping in Platte County 100,000,000+ visitors since opening day! (Awarded over $1,000,000 charitable dollars through parking meter program)

TIM KRISTL MKL

Platte City Potential P.C.’s 80 acres

Q & A