[00:00:04]
[1. CALL TO ORDER AND ROLL CALL OF MEMBERS]
RIGHT, CITY COUNCIL, THE CITY OF LEAGUE CITY, TEXAS, WILL NOW COME TO ORDER IN A WORK SESSION ON NOVEMBER 12TH, 2024 AT 5:00 PM ROLL CALL BOOK.I DON'T SEE THE BOOK, BUT WE'LL DO IT LIKE THIS.
ALRIGHT, UH, CHAD TRESSLER HERE.
[2. PUBLIC COMMENTS]
NOW, UH, FIRST ITEM IS PUBLIC COMMENTS.CHUCK DE FALCO, 2118 EASTLAND COURT MAYOR, COUNCIL CITIZEN STAFF.
UM, WE TALKED ABOUT THIS DEVELOPMENT PROJECT CALLED RIVER VIEW.
NOW WHAT, ANYWAY, UM, I SAW IN THE NOVEMBER 12TH, 2024 GSON COUNTY DAILY NEWS, AN ARTICLE ABOUT THIS, AND I'M GONNA QUOTE FROM IT.
A CITY COUNCIL MEMBER SAID, BEFORE WE TURN A SHOVEL OF DIRT, WE'RE GOING TO HAVE TO MAKE SURE THAT THERE'S A PARK SPACE FOR THOSE KIDS.
AND WE'RE TALKING ABOUT TEARING UP THE EXISTING SPORTS PLEX.
AND THAT'S PROBABLY A $40 MILLION PROJECT, UM, THAT'S ON US AND THE TAXPAYERS TO PAY FOR.
SO WHY ARE WE PAYING FOR THAT LAST TIME AROUND? WE WEREN'T GONNA PAY FOR THAT.
AND IF THAT'S CHANGED, I DON'T KNOW, BECAUSE IT'S BEEN ABOUT A YEAR SINCE I'VE SEEN ANY MATERIALS ON THIS.
SO, UH, UH, WE'RE GONNA START OUT TRYING TO DIG OUT FROM THAT.
ALRIGHT, THEN WE'LL GO TO PRESENTATION
[3. PRESENTATION AND DISCUSSION REGARDING DELIVERABLES OF THE PRE-DEVELOPMENT SERVICES AGREEMENT WITH RIVER CADDIS]
DISCUSSION REGARDING DELIVERABLES, THE PRE-DEVELOPMENT SERVICES AGREEMENT WITH RIVER CDIS.UH, THANK YOU, UH, MAYOR AND COUNCIL FOR HAVING ME.
SORRY, IT'S ALWAYS, UH, TRYING TO FIGURE OUT THE TECHNOLOGY HERE.
UM, THANK YOU FOR HAVING ME TONIGHT.
UH, TONIGHT WE'RE HERE TO DISCUSS, UH, THIS PROJECT THAT WE'VE BEEN WORKING ON FOR A WHILE, THE DELIVERABLES OF PHASE TWO FOR OUR AGREEMENT.
UH, WE'VE GOT, UM, DO I JUST CLICK NEXT TO GET INTO IT? MM-HMM,
SO WITHIN THIS PRESENTATION, IT'S MAINLY GOING TO BE Q AND A.
UH, WE'RE GONNA WALK THROUGH THE INITIAL DELIVERABLES THAT WE'RE REQUIRED TO FOR PHASE TWO, AND WE'RE GONNA TALK ABOUT THE PROJECT ITSELF.
ITS NAME, WHAT IT ENCOMPASSES, ITS COST, ITS TIMELINE, GET INTO THE PARTNERS OF THE DEAL, AND THEN WE'LL TALK ABOUT NEXT STEPS.
AND THEN AFTER THAT WE'LL GET INTO ANY QUESTIONS THAT YOU MAY HAVE.
THE, UH, DELIVERABLES, UH, REQUIRED FOR PHASE TWO ARE SITE PLAN RENDERINGS, PROGRAMMING OF THE SITE, LETTERS OF SUPPORT AND INTENT, COST OF THE AILMENTS AND TIMELINE OF THE ELEMENTS.
SO WE'LL GET INTO ALL OF THOSE INDIVIDUAL DELIVERABLES.
UM, BUT WHAT WE REALLY WANNA DISCUSS IN THE BEGINNING IS UNDERSTANDING WHAT IT IS THAT WE'VE BEEN DOING, AND THAT'S THE BASIS FOR THESE DELIVERABLES, WHAT WE'RE TRYING TO ACHIEVE.
WE'RE TRYING TO CREATE THAT UNIQUE, UH, DESTINATION FOR LEAGUE CITY, THAT PLACE FOR EVERYONE TO GO TO.
SO WE WANTED TO PAY HOMAGE TO THE CITY OF LEAGUE CITY.
UM, I KNOW I'M NOT FROM HERE, I'M FROM MICHIGAN.
WE'RE WORKING VERY CLOSELY WITH A LOT OF STAKEHOLDERS, THE CITY, THE STAFF, UH, AND TRYING TO COME UP WITH A, AN INITIAL PLAN THAT CREATES THIS PLACE, THIS DESTINATION FOR LEAGUE CITY RESIDENTS, AS WELL AS, UH, OTHERS COMING IN AND VISITING, MAKING THIS, UH, AND SHOWING THIS, UH, AS A, AS A REGIONAL DESTINATION FOR ALL.
SO WHAT WE'VE CALLED, THIS IS THE BRICKYARD JUNCTION.
UH, WE'VE COME UP WITH THAT NAME, UH, AS YOU CAN SEE, UM, BASED ON A LITTLE BIT OF HISTORY, WE THOUGHT IT WAS A LITTLE CATCHY AS WELL.
UM, BUT BEING ONE OF THE FIRST BUSINESSES THAT, UH, IN THE COMMUNITY THAT BECAME LEAGUE CITY WAS A BRICKYARD.
SO HERE WE'RE GONNA GET INTO WHAT THIS IS.
[00:05:09]
WELCOME TO THE LEAGUE CITY ENTERTAINMENT DISTRICT, WHERE INNOVATION MEETS COMMUNITY AND EXCITEMENT MEETS EVERYDAY LIFE.THIS VISIONARY DEVELOPMENT PROMISES TO RESHAPE OUR LIVING, WORKING, AND ENTERTAINMENT EXPERIENCES FROM THE HEART OF TEXAS.
WE BRING YOU A DESTINATION THAT DRAWS PEOPLE IN AND MAKES THE COMMUNITY PROUD TO CALL HOME.
STARTING IN THE VIBRANT CORE OF THE DISTRICT, THE PUBLIC SQUARE IS A SPACE DESIGNED WITH THE COMMUNITY IN MIND.
THIS IS MORE THAN JUST A PARK.
IT IS A CANVAS FOR LIFE'S MOMENTS WHERE DIFFERENT PROGRAMS, PEOPLE AND ACTIVITIES COME TOGETHER SIMULTANEOUSLY.
PICTURE FAMILIES ENJOYING A SUNNY AFTERNOON, LOCAL ARTISTS SHOWCASING THEIR TALENTS AT THE AMPHITHEATER, AND SPONTANEOUS GATHERINGS THAT TURN ORDINARY DAYS INTO EXTRAORDINARY MEMORIES.
WHETHER IT'S A BUSTLING FARMER'S MARKET, A LIVE CONCERT, OR SIMPLY A PLACE TO RELAX.
THIS SPACE IS THE HEARTBEAT OF THE DISTRICT, INVITING EVERYONE TO CONNECT AND CREATE LASTING BONDS SURROUNDING THIS LIVELY HUB OR AN ARRAY OF RESTAURANTS, EATERIES, AND UNIQUE SHOPS HERE.
EVERY VISIT BECOMES AN ADVENTURE, AND EACH SPACE AND OPPORTUNITY FOR THE COMMUNITY TO SHARE THEIR PASSIONS.
THE SURROUNDING MULTI-FAMILY RESIDENCES OFFER MODERN LIVING WITH CONVENIENCE AT EVERY TURN, ENVISION WAKING UP WITH THE EXCITEMENT OF THE DISTRICT AT YOUR DOORSTEP AND UNWINDING IN A SERENE, COMFORTABLE HOME.
AND FOR THOSE WHO WORK HERE, THE CREATIVE OFFICE SPACES PROVIDE AN INSPIRING ENVIRONMENT WHERE INNOVATION AND COLLABORATION FLOURISH JUST BEYOND THE PUBLIC SPACE.
A COMMUNITY RANK STANDS AS A TESTAMENT TO THE COMMITMENT TO FOSTER LOCAL TALENT AND PROVIDE YEAR-ROUND RECREATIONAL ACTIVITIES.
HERE, YOUTH PROGRAMS TAKE CENTER STAGE CULTIVATING THE NEXT GENERATION OF ATHLETES, WHILE OFFERING A GATHERING PLACE FOR ALL.
AS WE MOVE FURTHER INTO THE HEART OF THE DISTRICT, WE ARRIVE AT THE CROWN JEWEL, THE MIXED USE EVENT CENTER.
THIS IS A VENUE OF UNPARALLELED VERSATILITY WHERE ENTERTAINMENT REACHES NEW HEIGHTS.
IMAGINE THE THRILL OF AN ESPORTS TOURNAMENT, THE ENERGY OF A LIVE MUSIC CONCERT, AND THE LAUGHTER SHARED DURING FAMILY ENTERTAINMENT EVENTS.
THIS CENTER IS MORE THAN A SPACE.
IT'S AN EXPERIENCE HOSTING EVERYTHING FROM HIGH ENERGY SPORTING EVENTS, INCLUDING 32 ECHL HOCKEY GAMES EACH SEASON TO CULTURAL FESTIVALS, TRADE SHOWS, AND PERFORMANCES BY WORLD CLASS COMEDIANS.
IT'S A PLACE WHERE EVERY EXPERIENCE LEAVES A LASTING IMPRESSION, WHERE EVERY GATHERING BECOMES A CHERISHED MEMORY.
CONNECTED SEAMLESSLY TO THE EVENT CENTER IS OUR STATE OF THE ART CONVENTION CENTER, A DYNAMIC SPACE DESIGNED TO HOST CONFERENCES, TRADE SHOWS, AND LARGE SCALE EVENTS THAT BRING PEOPLE TOGETHER.
THE HOSPITALITY OFFERINGS, INCLUDING FULL SERVICE HOTELS, ENSURE THAT VISITORS EXPERIENCE THE SAME COMFORT AS THE RESIDENTS.
AS WE CONCLUDE IN THE FULL SERVICE HOTEL LOBBY, WE LOOK OUT OVER THE DISTRICT WHERE EVERY ELEMENT FROM THE HOTEL'S LUXURIOUS COMFORT TO THE DISTRICT'S BUZZING ACTIVITY COMES TOGETHER.
THIS IS THE LEAGUE CITY ENTERTAINMENT DISTRICT.
THIS DISTRICT IS MORE THAN A REGIONAL ATTRACTION.
IT'S AN ENERGY RADIATING FROM AND DESIGNED FOR THE PEOPLE OF LEAGUE CITY AND BEYOND.
IT'S WHERE MEMORIES WILL BE MADE, WHERE LIFE WILL BE LIVED TO ITS FULLEST.
AND WHERE THE PROMISE OF TOMORROW IS REALIZED TODAY.
JOIN US AS WE SHAPE THE FUTURE OF LEAGUE CITY, CREATING A LEGACY THAT WILL BE ENJOYED FOR GENERATIONS TO COME.
SO THE IDEA FOR THE VIDEO IS, UH, THE, UM, THE PICTURES ARE SUPPOSED TO CAPTIVATE WHAT WE'RE TRYING TO ACCOMPLISH HERE, UH, FOR FAMILIES, FOR MOTHERS, FATHERS, FOR FRIENDS, UH, FOR PEOPLE WHO WORK THERE.
YOU KNOW, I I, I DON'T NECESSARILY LIKE SAYING THE LIVE WORK PLAY, BUT IT DOES GIVE A GOOD IDEA AND EVERYBODY KNOWS WHAT IT MEANS.
WE'RE TRYING TO CREATE THAT PLACE, THAT DESTINATION, UM, THAT BRINGS PEOPLE HERE.
UH, THAT'S WHERE THE EVENT CENTER COMES INTO PLAY.
WE'RE QUICKLY GONNA TALK ABOUT THE PROGRAMMING OF THE EVENT CENTER, WHAT THAT ACTUALLY IS, WHAT IT'S NOT THE REASON FOR IT BEING WHAT IT IS, BUT REALLY THIS IS TO CREATE A, A UNIQUE PLACE.
UH, AND WE'RE HOPING THAT WE ACCOMPLISH THAT.
UM, AND, AND FURTHER GOING INTO THE FUTURE, WE'RE HOPING TO HAVE MORE COUNCIL ENGAGEMENT, MORE COMMUNITY ENGAGEMENT, TO THEN FURTHER, UM, CREATE THIS PLAN.
SO IT'S UNIQUELY WAKE CITY AND NOT JUST OUR PLAN, THE DEVELOPMENT CONSORTIUMS PLAN.
[00:10:01]
YOU CAN SEE FROM THIS SLIDE, THIS KIND OF OPENS UP THE SITE PLAN A LITTLE BIT.UH, SHOWS YOU HOW MUCH SQUARE FOOTAGE WE HAVE.
YOU KNOW, WE HAVE ROUGHLY A LITTLE OVER 2 MILLION SQUARE FEET, UH, IN THIS PHASE DEVELOPMENT.
UH, WE'VE GOT EVERYTHING FROM, FROM RETAIL TO, UH, UH, ENTERTAINMENT OR EATERIES, FOOD AND BEVERAGE, FROM THE EVENT CENTER TO THE CONFERENCE CENTER AND FULL SERVICE HOTEL OR HOTELS.
WE'VE GOT MULTIFAMILY HOUSING, WE'VE GOT, WE, UM, SOME THAT ARE ON PODIUMS, SOME THAT ARE THREE STORIES, UH, THREE STORY WALKUPS.
WE'VE GOT, UM, A CENTER SPACE THAT CAN BE PROGRAMMED FOR, FOR FESTIVALS, FOR COMMUNITY EVENTS AND THE LIKE.
SO WE TRY TO BE VERY INTENTIONAL ABOUT HOW WE PLACED EVERYTHING HERE, GIVEN THE SITE CONSTRAINTS, AND GIVEN WHAT WE'VE HEARD FROM, UH, FROM STAFF AND FROM OTHER STAKEHOLDERS IN THE COMMUNITY ABOUT WHAT'S HERE, WHAT'S NOT, WHAT WE'D LIKE TO SEE.
AND THAT IS HOW WE'VE ARRIVED AT THIS, UH, AT THIS SITE PLAN.
SO LET'S TALK ABOUT THE ARENA REALLY QUICK.
UM, WE'VE ESTIMATED WITH OUR, UH, PROGRAMMER THAT WE'RE, LOOK, WE'RE LOOKING AT ABOUT 200 EVENTS, UH, 200 EVENT NIGHTS.
UH, 32 OF THOSE WILL BE HOCKEY, AND THE REST WILL BE EVERYTHING ELSE.
SO IT'S NOT JUST HOCKEY, HOCKEY IS A VERY, IS A PORTION, BUT IT IS, UH, A SMALL PORTION.
WE'LL HAVE EVERYTHING FROM FAMILY ENTERTAINMENT LIKE DISNEY ON ICE OR FROZEN ON ICE WILL ALSO INCLUDE TRADE SHOWS AND MUSICAL CONCERTS.
WE'VE BUILT THIS OR DESIGNED THIS, THIS ARENA IN A WAY SO THAT THE BOX ITSELF IS FLEXIBLE, THAT WE CAN MOVE IT AROUND.
WE CAN DO BASKETBALL A DAY AFTER HOCKEY, WE CAN DO A CONCERT A DAY AFTER HOCKEY, RIGHT? WE WANNA BE ABLE TO OPEN THIS UP AND HAVE A VERY VERSATILE CENTER SO THAT IT BRINGS MORE SHOWS, IT BRINGS MORE PEOPLE TO THIS LOCATION.
UM, AND FROM THERE, WE'VE, YOU KNOW, WE'LL TALK ABOUT SOME OF THE PARTNERS AND, AND WHY WE BELIEVE THAT'S POSSIBLE.
BUT WHAT WE'VE BEEN DOING OVER THE PAST YEAR OR SO IS, IS NOT JUST WORKING ON A SITE PLAN, NOT JUST LISTENING AND, AND PUTTING THAT ONTO A SITE PLAN, BUT IT'S PUTTING TOGETHER THE RIGHT PROJECT, THE RIGHT PARTNERS FOR THIS DEAL.
AND WE TALKED A LITTLE BIT ABOUT THAT LAST TIME WE HEAR ABOUT THOSE PARTNERS.
UM, WHAT THIS WILL BRING, UH, IN TERMS OF SPENDING, UH, NEW EARNINGS TO, TO THE CITY.
THIS INFORMATION WAS IN THE, UH, IN THE DOCUMENTS THAT WERE PRESENTED LAST TIME FROM THE A HUNDRED GROUP.
AND IF, IF YOU GUYS DO HAVE QUESTIONS ABOUT THAT STUDY OR NOW THAT WE HAVE NEW INFORMATION GOING BACK TO THAT STUDY, THEY'RE HERE TO ANSWER THOSE QUESTIONS AS WELL.
DIFFERENT FINANCING TOOLS THAT WE COULD USE OR, YOU KNOW, YOU'LL SEE IN THE NEXT STEPS.
WHAT WE'RE LOOKING FOR IS DIRECTION FROM COUNCIL TO WORK WITH CITY STAFF TO COME UP WITH A FEASIBLE PLAN THAT MAKES SENSE FOR LEAGUE CITY.
IT'S NOT TELLING YOU THAT THIS IS WHAT WE HAVE INVOLVED.
UH, WE HAD A, OUR AGREEMENT WAS, UH, WAS SCHEDULED AS SUCH TO INCLUDE, UH, CERTAIN ITEMS. BUT WE REALLY NEED TO GET INTO THAT WITH COUNSEL, NEED TO MAKE SURE THAT THIS IS THE RIGHT PROJECT, THIS IS THE RIGHT TIME, AND THAT WE'RE USING THE RIGHT INSTRUMENTS TO MAKE THIS A REALITY.
GETTING INTO THE TOTAL COST, UH, AS YOU CAN SEE ON THE FAR RIGHT AT TOTAL DEVELOPMENT COSTS, WE'RE LOOKING AT AN ESTIMATED 816 MILLION FOR THIS PROJECT.
AND HERE WE HAVE A 48 MONTH SCHEDULE OF A FEW OF THE ITEMS FROM THE HOR HORIZONTAL INFRASTRUCTURE TO THE ARENA, TO THE COMMUNITY, UH, RINK AND PUBLIC GATHERING SPACE, AS WELL AS HOTEL CONVENTION CENTER AND STRUCTURED PARKING LETTERS OF SUPPORT AND INTENT.
AS YOU CAN SEE HERE, UH, WE'VE GOT, UH, A FACILITY OPERATOR, PROMOTER, FOOD AND BEVERAGE SUPPLIER THROUGH OB G 360.
UM, I ACTUALLY HAVE AN ENTIRELY DIFFERENT DOCUMENT THAT I'M GOING TO HAND OUT, UH, FOR YOU GUYS TO DIGEST LATER.
UH, SO IT'S NOT A POWERPOINT PRESENTATION.
IT'LL HAVE ALL THE LETTERS OF SUPPORT IN IT.
IT'LL ALLOW YOU TO SIT BACK AND TAKE YOUR TIME WITH WHAT WE'VE PRESENTED TODAY AND KIND OF THE ETHOS OF HOW WE GOT THERE AS WELL.
SO, I'VE GOT ABOUT 2000 PAGES, BUT I'LL HAND THAT OUT LATER OR I'LL MAKE SURE IT'S, IT GETS TO YOU.
UH, SO OVG 360 IS OUR, OUR OPERATOR, BUT THEY'RE ALSO THE PROMOTER.
THEY WORK WITH, UH, UM, LIVE NATION TICKETMASTER.
UH, THEY, THEY DO ALL THEIR FOOD AND BEVERAGE.
THEY HAVE A VERTICALLY INTEGRATED FIRM TO THEN FILL THAT ARENA AND MAKE SURE THAT IT'S PROFITABLE, MAKE SURE IT'S OPERATING AND MAKE SURE THAT PEOPLE ARE COMING IN AND PERFORMING AT THIS VENUE.
WE ALSO HAVE A, UH, LETTER OF SUPPORT FROM THE ECHL LEAGUE, UH, OR EAST COAST HOCKEY LEAGUE.
[00:15:01]
THERE WE ALSO HAVE A QUALIFIED AND, UH, UH, INTENT LETTER FROM A HOCKEY TEAM OWNER.UH, SO ALL OF THOSE HAVE BEEN IN THE WORKS.
THEY'RE NOT JUST, UM, CONVERSATIONS.
WE'RE READY TO PUT A TEAM HERE IF THE CITY'S READY TO PROCEED.
UM, WE HAVE A FULL SERVICE HOTEL OWNER AND OPERATOR IN MAIN SALE.
MAIN SALE DOES FULL SERVICE, UH, HOTELS.
THEY DO AUTOGRAPH AND TRIBUTE COLLECTION STYLE HOTELS, WHICH IS THE VERY HIGH END OF, UH, OF, UH, FULL SERVICE HOTELS.
THEY ARE ALSO RANKED, UH, IN THE TOP ONE OR TWO EVERY YEAR, THE LAST FEW YEARS.
AND THEY FOCUS ON EXPERIENCE, RIGHT? EXPERIENCE OF THE GUEST.
UH, BUT IT'S NOT JUST THE HOTEL.
THEY HAVE THEIR OWN RESTAURANTS.
THEY HAVE A CULINARY THEATER WHERE THEY HOST EVENTS WITH THE COMMUNITY AND TEACH THEM HOW TO COOK.
IT'S JUST A, IT'S A FULL ON EXPERIENCE AND THEY TAKE IT VERY SERIOUSLY.
THAT TYPE OF HOTEL IS MORE OF WHAT WE WOULD SEE AS A, A BOUTIQUE HOTEL.
UH, THEY HAVE MORE DESIGN POWER INTERNALLY TO REALLY CREATE THE FEEL FOR LEAGUE CITY AND MAKE IT UNIQUELY FOR THIS AREA.
AND THEN FOR RESIDENTIAL AND COMMERCIAL, WE'VE PARTNERED IN CO UH, OUR CO-DEVELOPER AS LINCOLN PROPERTY COMPANY AS WELL AS OURSELVES.
SO NEXT STEPS TO MOVE FORWARD, UM, YOU KNOW, ACCORDING TO OUR AGREEMENT, PHASE TWO WAS TO DELIVER, UH, THIS INFORMATION.
UH, AND I'M, I'M BASICALLY JUST TAKING A, A SCRIPT FROM THE, FROM THE AGREEMENT HERE.
BUT, UH, THE COUNCIL HAS 60 DAYS TO ELECT TO PROCEED WITH THE PROPOSAL INTO PHASE THREE.
PHASE THREE IS 180 DAYS TO DEVELOP DEFINITIVE AGREEMENTS.
AND THOSE COULD BE INCLUDING, BUT NOT LIMITED TO DEVELOPMENT AGREEMENTS, FINANCING AGREEMENTS, OPERATING AGREEMENTS.
IT ALLOWS STAFF TO HAVE THOSE CONVERSATIONS WITH US BECAUSE WE CAN'T DO THAT, UH, WITHOUT DIRECTION FROM COUNCIL.
AND THAT GETS INTO THE DIRECTION OF COUNCIL TO FIND A FEASIBLE FINANCIAL PATH THAT MAKES SENSE.
SO IF THIS IS SOMETHING THAT THE CITY WANTS, THEY WANT TO SEE, THEY THINK THIS WILL BOLSTER THE CITY, PROVIDE A PLACE FOR THEIR RESIDENTS, AS WELL AS CREATE A, UH, UH, MORE ENTICING PLACE TO LIVE.
WELL, THEN WE WOULD ASK FOR DIRECTION FROM COUNSEL TO THE STAFF TO WORK WITH US ON THAT FEASIBLE OPTION.
UH, AND THEN FINALLY, TO PROCEED WITH THE DEVELOPMENT AGREEMENT AND A PARALLEL PATH.
I TRY TO KEEP THIS SHORT AND SWEET TODAY.
UM, GIVEN EVERYTHING THAT'S GOING ON LATER, UH, AND OUR LAST PRESENTATION, UH, HOPEFULLY I LEARN THINGS AS WE GO, BUT I WANNA OFFER THE REST OF THE TIME FOR, FOR QUESTIONS.
I'M SURE THERE ARE, BECAUSE THIS WAS A LOT.
AND AGAIN, I HAVE SOME MORE STUFF TO DIGEST IF WE NEED TO DO THIS AT A LATER DATE.
SO THEN JUST KIND OF, UH, LEVEL SETTING.
SO I GUESS FROM HERE WE'RE GONNA GET THE FULL PRESENTATION TO EVERYBODY, RIGHT? IT'S MORE FOR YOU JOHN.
WE'RE GONNA GET THE FULL PRESENTATION, UH, WITH THE DETAILS AND THE BACKUP AND ALL THAT.
AND THEN WE'RE GONNA HAVE ABOUT A MONTH TO DIGEST THAT BOUNCE QUESTIONS BACK TO JOHN AS YOU GO THROUGH IT.
AND THEN WE'RE GONNA BE MEETING IN EXECUTIVE SESSION TO TALK ABOUT THESE NEXT STEPS FURTHER AT OUR MEETING IN DECEMBER.
SO WE'LL HAVE A FULL MONTH TO KIND OF CHEW ON IT, GET YOUR QUESTIONS BACK AND FORTH TO JOHN.
PROBABLY WANNA, YOU KNOW, JUST TO LEAVE HIM TIME, PROBABLY TAKE TWO WEEKS TO REVIEW IT.
MAKE SURE YOU GET YOUR QUESTIONS BACK IN, IN TWO WEEKS.
GIVE HIM TWO WEEKS TO ANSWER THOSE QUESTIONS AND THEN WE CAN ALL MEET BACK UP.
UM, BUT I DO WANT TO CLARIFY ONE THING AND THEN KIND OF WHAT YOU SAID.
UH, IT IS STILL OUR INTENTION THAT WE, I MEAN, AT LEAST, I DON'T KNOW, NOT SPEAKING FOR EVERYBODY, MY INTENTION, WE WOULD NOT MOVE FORWARD UNTIL THERE'S A REPLACEMENT FOR THE SPORTSPLEX.
UH, HOWEVER THAT MAY BE, RIGHT? WHATEVER THAT ITERATION COMES OUT ON THAT.
AND IT'S THE CITY'S INTENTION THAT THAT'S KIND OF A COST OF THIS PROJECT, RIGHT? AND THAT WE'RE NOT GONNA BE JUST FRONTING THE CASH TO REBUILD THAT SPORTSPLEX.
THOSE ARE ALL DETAILS WE NEED TO WORK OUT AS TO WHAT WE CAN DO WITH OR WITHOUT, UM, PUBLIC SUPPORT.
SO, WELL, OKAY, SO IF YOU WANNA GO BACK, RIGHT? THERE IS THE PUBLIC SUPPORT ON HERE.
AND THIS ARE THINGS THAT WE'RE GONNA TALK ABOUT, AND WE DON'T HAVE TO DISCUSS EVERYTHING TONIGHT, BUT YOU'RE WITH YOUR, UH, YOU MULTIPLE BOXES, RIGHT? AND SO THESE ARE ALL PUBLIC FINANCING SIDES OF IT, AT LEAST WHERE I SIT.
PROBABLY NOT GONNA SUPPORT A PROJECT THAT PUTS NEW DEBT ON THE TAXPAYERS, NOT GONNA SUPPORT A PROJECT THAT, UH, YOU KNOW, IMPLEMENTS NEW TAXES IN ANY WAY.
BUT SOME OF THESE OTHER THINGS WE CAN WORK WITHIN AND CREATE.
AND, YOU KNOW, I THINK THEY'RE ALL GREAT FINANCING TOOLS,
[00:20:01]
BUT I THINK IN ORDER FOR THIS PROJECT TO MOVE FORWARD, WE'RE GONNA HAVE TO FIGURE OUT THE SPORTSPLEX ISSUE IS KIND OF A TOP PRIORITY.HOW WE'RE GONNA DO THAT, WHAT ARE WE'RE GONNA DO IN THE SHORT TERM? WHAT ARE WE GONNA DO IN THE LONGER TERM, UH, TO, TO KIND OF CREATE ALL THE DIFFERENT AVENUES TO BUILD OUT OUR PARK PLAN, BECAUSE IT'S NOT JUST ABOUT THE SPORTSPLEX, IT'S ABOUT ALL THE DIFFERENT PLACES THAT WE'RE GONNA GET BALLPARKS, NOT ONLY TO REPLACE THE OLD STUFF, BUT TO ACCOMMODATE FUTURE GROWTH AS WELL.
AND SO I, I THINK IT'S, IT'S OBVIOUSLY A MUCH BIGGER CONVERSATION THAN, THAN JUST THIS PROJECT, BUT I THINK THAT THAT WILL HAVE TO TAKE THAT INTO ACCOUNT AS WE COME MOVE FORWARD ON THIS.
AND MAYBE IT HAS TO BE TWO SEPARATE TRACKS, BUT I THINK IT'S PRETTY IMPORTANT TO, TO CONSIDER.
THEN DOES ANYBODY HAVE QUESTIONS FOR RIVER CASE OR FOR HUNTLEY? I JUST HAVE ONE WHERE ELSE? I GUESS PROBABLY WHENEVER I LOOKED AT THE VIDEO JUST NOW, THE ONLY THING THAT REMINDED ME OF KIND OF WAS THE DOMAIN IN AUSTIN.
WHERE ELSE IS THIS CONCEPT OF WORKING? WHERE ELSE HAVE Y'ALL BUILT AND WHERE ELSE, YOU KNOW, AND I GUESS SOMETIMES PEOPLE POINT TO SUGARLAND, BUT THAT DEFINITELY STARTED OUT AS ONE THING AND SEEMS TO HAVE MORPHED INTO SOMETHING ELSE.
UM, SO IS THIS CONCEPT OF WORK REALLY, I'M REALLY WORKING ANYWHERE.
SO I I CAN ANSWER, UM, I'M GONNA BE BIASED WITH MY OWN ANSWER.
UM, THE CITY HAS WORKED WITH US TO BRING ON THE HYUNDAI TEAM THAT STUDIES THESE AND WORKS WITH CITIES TO DEVELOP THESE.
ROB IS HERE IF YOU'D LIKE TO HEAR A MORE EXPERIENCED HELLO ALL.
I LEFT MY JACKET IN DALLAS, SO I APOLOGIZE, UH, THAT I DON'T HAVE A JACKET ON TODAY.
UM, SO, SO THESE, THESE KINDS OF PROJECTS ARE, UM, REALLY QUITE THE TREND ACROSS THE COUNTRY.
UM, YOU SEE A LOT OF MIXED USE DISTRICTS THAT HAVE WHAT WE WOULD CALL A HERO PROJECT IN THE MIDDLE, WHETHER THAT'S A CONVENTION AND CONFERENCE CENTER AND HOTEL PACKAGE, OR AN ARENA, OR A STADIUM, OR IN THIS CASE, IT'S A COMBINATION OF THE TWO THINGS.
UM, ONE OF THE REASONS THAT, UH, THE MIX, THE COMMERCIAL MIXED USE AS WELL AS PLAZA, ACTIVATED PLAZA FOR EVENTS, UM, IS PART AND PARCEL OF SO MANY OF THESE AROUND THE COUNTRY.
AND, AND IT'S FROM SMALL, YOU KNOW, COMMUNITIES ALL THE WAY TO THE BIGGEST ONES, ALL THE NATIONAL FOOTBALL LEAGUE, UH, AND OFTEN BASEBALL STADIUMS THESE DAYS AND NBA AND NHL FACILITIES, MOST OF THE NEW ONES THAT ARE BEING PROPOSED ARE INCLUDING A DISTRICT AROUND THEM.
THE REASON IS A, THERE'S A SYNERGISTIC POWER, UH, TO CREATE SORT OF AN 18 HOUR A DAY ATMOSPHERE THAT YOU WANT, UH, SO THAT YOU JUST DON'T HAVE AN EVENT FACILITY, THAT WHEN THE EVENT FACILITY IS NOT ACTIVATED, THEN YOU HAVE THIS DEAD ZONE, RIGHT? UM, SO THE WHOLE POINT IS TO HAVE THAT YOU'RE CREATING SOMETHING THAT'S ACTIVE THROUGHOUT THE DAY, PARTS THROUGHOUT THE YEAR.
THE OTHER REASON IS FOR FINANCING.
UM, THESE, UH, YOU HAVE THE HERO IN THE MIDDLE, ITS ACHILLES HEEL IS IT USUALLY, UH, IS A, A PUBLICLY SUPPORTED ASSET IN MANY WAYS, WHETHER IT'S A CONVENTION CENTER, AN ARENA, SOMETHING LIKE THAT.
THESE ARE NOT TYPICALLY PRIVATELY FUNDED DEALS, SO THAT'S THEIR ACHILLES HEEL.
BUT THEY GENERATE A LOT OF VENT BENEFIT TO THE SURROUNDING, UH, NEIGHBORHOOD AND, UM, UH, RETAIL AND RESTAURANT AND HOTELS.
AND SO YOU HAVE, YOU HAVE THIS HERE IN THE MIDDLE THAT'S GOT THAT ACHILLES HEEL, AND THEY'VE GOT THE HAIL EFFECT THAT IT GENERATES.
SO THAT SYNERGIZES WITH, YOU KNOW, HOPEFULLY A CRITICAL MASS OF RETAIL AND RESTAURANT, HOTEL, RESIDENTIAL, SOME OFFICE, ITS QUALITY OF LIFE AND PLACE, LIVE WORK VISIT.
UM, AND SO THE, THE NET NEW OR, OR ANY OF THE, OR ALL OF ALL OF THE NEW TAXES, ALL THE TAXES GENERATED WEREN'T THERE BEFORE, RIGHT? AND SO WHILE I WOULDN'T STAND HERE AND PROPOSE A, A SOLUTION, WHAT YOU SEE ACROSS THE COUNTRY IS THAT, UH, DIFFERENT CITIES ARE USING THE TOOLS THAT THE STATES INDIVIDUALLY GAVE THEM TO RECAPTURE, YOU KNOW, BUT FOR THIS PROJECT, YOU HAVE THESE NEW DOLLARS THAT ARE OUT THERE.
AND SO LET'S MAKE THE PROJECT PAY FOR ITSELF ESSENTIALLY BY RECAPTURING SOME OR ALL OF THOSE, UH, TAXES, LOCAL STATE, UH, THAT, THAT YOU'RE ALLOWED TO CAPTURE IN DIFFERENT STATES AND LOCALITIES AND PUT IT BACK INTO THE PROJECT IN ORDER TO HELP MAKE THE PROJECT GO.
SO THAT'S GENERALLY WHAT YOU SEE AROUND THE COUNTRY.
UM, EVERY MINOR LEAGUE SOCCER STADIUM THAT YOU SEE PROPOSED IS IN A DISTRICT MOST MAJOR LEAGUE, UM, ARENAS AND STADIUMS. YOU'RE JUST SEEING THE SAME CONCEPT BECAUSE IT IS BOTH GOOD ECONOMIC DEVELOPMENT AND PLACEMAKING THAT'S ALSO A FINANCING TOOL AT THE SAME TIME.
[00:25:01]
I'M GONNA TRY TO PIGGYBACK ON ANDY'S QUESTION AND MAYBE CLARIFY IT.WHAT IS THE MOST SIMILAR LOCATION THAT, THAT ANYONE INVOLVED WITH THIS PROJECT HAS BEEN A PART OF ELSEWHERE THAT WE CAN LOOK AT TO SEE WHAT IT LOOKS LIKE, HOW IT'S DOING? UM, SOMETHING THAT IS THE MOST COMPARABLE TO THIS ONE IS, IS WHAT WE'RE LOOKING FOR.
THEY'RE ALL A LITTLE BIT DIFFERENT.
UM, WE CAN CERTAINLY GET YOU A LIST.
I WOULD SAY THE BLUE HAWK DEVELOPMENT IN OVERLAND PARK, KANSAS JUST OPENED ITS FIRST PHASE.
UM, IT'S A, IT'S GOT A LOT OF YOUTH SPORTS COMPONENTS AND A SORT OF A, AN ARENA COMPONENT TO IT AND SHOPS AND RESTAURANTS AND ALL OF THAT.
SO THAT FIRST COMPONENT, WE'RE WORKING ON THE SEC SECOND PHASE NOW, AND THAT, THAT HAD A, A STATE SALES TAX REBATE AS PART OF IT.
THERE'S A, A G LEAGUE ARENA PROJECT IN NOBLESVILLE, INDIANA THAT'S, UM, UNDERWAY NOW.
THE ARENA WILL OPEN, IT'S ABOUT 5,000 SEAT ARENA THAT WILL OPEN THIS COMING FALL, I BELIEVE.
UM, AND IT'S TO BE SURROUNDED, IT'S PART OF WHAT THEY CALL INNOVATION MILE.
SO IT'S IN SUBURBAN INDIANAPOLIS.
SO THOSE ARE TWO THAT ARE, THAT ARE, UM, EITHER BUILT OR UNDERWAY, UM, THAT I CAN REFERENCE.
BUT, UH, THE NUMBER AND THE HOPPER AND OTHERS, UH, THERE'S, THERE'S JUST A BUNCH OF THEM, BUT WE CAN CERTAINLY GET YOU A LIST.
SO IF I, IF I MAY, WHEN WE THINK ABOUT, I'LL SAY THIS, THIS, THIS PROJECT SPECIFICALLY OR JUST THE WHOLE VERTICALLY MIXED USE CONCEPT, YOU KNOW, THEY'RE ALIVE ALL OVER TEXAS AND I THINK THE WOODLANDS IS ONE TYPE.
I THINK SUGARLAND ISS ANOTHER ONE.
I THINK ADDISON CIRCLE IN THE DALLAS AREA.
UM, IRV LEGACY MUSIC FACTORY IS ANOTHER EXAMPLE.
IT'S NOT AN INDOOR CONVENTION CENTER, BUT IT'S AN ENTERTAINMENT FACILITY.
LEGACY, LEGACY PARK IN PLANO, WHATEVER THEY CALL THE FRISCO.
AND THE FRISCO ONE HAS MORE OF A SPORTS ELEMENT.
THE ONES I'VE, IT WAS JUST THERE THIS MORNING TOURING IT.
THE ONES I'VE, YOU KNOW, LISTED WITH THE VERTICALLY MIXED, THEY ADD ENERGY, TRANSFORMATIVE DEVELOPMENT.
THEY CREATED THE STAR IN FRISCO, THE, THE STAR IN, YEAH, THE STAR AND FRISCO, TEXAS LIVE IN ARLINGTON.
ALL, YEAH, ALL DIFFERENT SCHOOL DISTRICT.
ALL, YEAH, ALL DIFFERENT PIECE, ALL DIFFERENT PIECES.
AND THEY'RE ALL FUNDED A LITTLE DIFFERENTLY.
THEY ALL HAVE THE DIFFERENT ELEMENTS THAT LEAD TO SUCCESS.
ARE THEY RESIDENTIAL FOCUSED? ARE THEY OFFICE FOCUSED? ARE THEY MORE RETAIL FOCUSED? AND EACH ONE OF THOSE IS A LITTLE BIT UNIQUE TO THE CHARACTER OF IT, YOU KNOW, OBVIOUSLY THIS ONE'S ANCHORED BY BOTH THE CONFERENCE CENTER AND THE EVENT CENTER, YOU KNOW, TO IT.
AND SO IT'S THE, YOU KNOW, THE, THE CHALLENGE OF COURSE IS HOW DO YOU FUND IT? FINANCE AND WHO TAKES WHAT RISK ULTIMATELY.
THOSE ARE THE QUESTIONS IF WE'RE INTERESTED IN PROCEEDING THAT WE HAVE TO, YOU KNOW, THAT WE HAVE TO DEVELOP.
AND THAT'S, YOU KNOW, THE SPORTS PLEX ASIDE.
'CAUSE THAT'S A, A PIECE OF THE WHOLE COMPLICATION.
'CAUSE YOU GOTTA FIGURE OUT HOW YOU'RE FUNDING THAT PIECE TOO.
THE, UM, SO THERE'S, THERE'S A, THERE'S, THERE'S, ROB SAID HE PROVIDE US A LIST, BUT THERE'S A, THERE'S A LIST HERE IN, IN TEXAS.
I GUESS I'M MOST INTERESTED IN A, WHAT THEY WOULD LOOK LIKE, JUST LOOKING AT 'EM, BUT ALSO DO THE CITIZENS ACTUALLY, I MEAN, CITIZENS WOULD'VE HAD TO GONE THROUGH IT, THIS PROCESS AND DO THEY LOVE THE FACILITY, YOU KNOW? SO, AND THAT'S WHY I'M, THANK YOU FOR THE LIST OF EXAMPLES.
THE, YOU KNOW, YEAH, THE, THE, I'VE BEEN INVOLVED IN TWO OR THREE OF THESE VERTICALLY MIXED DEVELOPMENTS.
ONE OF THEM HAD AN EVENT CENTER AND YOU KNOW, THAT'S THE ONE IN ALLEN OBVIOUSLY, AND IT'S BEEN WELL RECEIVED BY THE COMMUNITY.
IT'S BEEN OPEN NOW FOR 15 YEARS.
AND YOU KNOW, SO THAT'S THE ONE THAT I'M FAMILIAR WITH.
BUT ALL THE VERTICALLY MIXED USE STUFF IS PROVIDES NEW PLACES FOR THE COMMUNITY TO GATHER, TO RECREATE, TO BE ENTERTAINED, PROVIDES A ENERGY JUST FROM THE MULTI-FAMILY STUFF THAT'S ASSOCIATED WITH IT.
AND SO I'VE SEEN TWO OR THREE OF THOSE WHERE I'VE BEEN INVOLVED IN, AGAIN, ALL TREMENDOUS SUCCESS.
THE THREE FUNDING SOURCES ON THE BOTTOM HERE, THE, UH, PFZ, THE HOUSE BILL 43, 47, AND 24, 25, ARE THESE THINGS THAT WILL BE ABLE TO IMPLEMENT, OR IS THIS STUFF THAT, LIKE THE TAXES, WOULD WE HAVE TO GO OUT FOR A VOTE TO SEE IF THE CITIZENS APPROVE IT? OR IS THIS AUTOMATIC STUFF THAT WE CAN IMPLEMENT? WE HAVE APPROVAL ON THE TWO TO THE RIGHT, THE HOT TAXES AND, AND THE, THE 43, 3 7 ON 40 ON THE TWO HOUSE BILLS.
WHAT ABOUT THIS PFZ? I SEE THERE'S ONLY IN TWO PLACES CURRENTLY, FORT WORTH AND DALLAS.
UM, WHAT, EXPLAIN THAT ONE TO ME.
SO ACTUALLY IT'S BEEN EXPANDED.
UM, OTHER LARGE CITIES HAVE GONE AFTER THAT SUCCESSFULLY IN THE LAST, UH, LEGISLATIVE
[00:30:01]
SESSION, INCLUDING CORPUS AND, UH, AUSTIN, HOUSTON AND SAN ANTONIO.AND WHAT THE CONCEPT IS, IT WAS STARTED IN FORT WORTH, UH, FOR DICKIES, UH, DICKIES ARENA.
THE CONCEPT WAS THAT THERE'S A STATE HOTEL TAX, RIGHT? AND IF WE, SINCE WE'RE BENEFITING HOTELS WITHIN A THREE MILE RADIUS OF THE VENUE, UH, THE CONCEPT WAS LET'S DO BASICALLY A HOT, A STATE HOT TIFF, IF YOU WILL.
SO AN INCREMENT OVER THE BASELINE OF WHAT YOU'RE GENERATING FROM THE STATE HOT TAX OF 6% FOR ALL HOTELS WITHIN A THREE MILE RADIUS OF AN, OF A QUALIFIED PROJECT.
UM, AND SO THAT'S A 30 YEAR, UM, TIMEFRAME.
AND SO, UM, IT'S BEEN VERY SUCCESSFUL FOR FORT WORTH, WHICH WE CONTINUE TO DO THE WORK ON.
WE'VE DONE IT SINCE THE VERY BEGINNING.
WE DID THE SAME THING FOR DALLAS AND, AND THEIR CONVENTION CENTER.
AND SO IT'S, IT'S A SUPER EFFECTIVE TOOL.
I'M NOT SO SURE THE LEGISLATURE IS GONNA COTTON TO EVERY CITY IN THE STATE GOING FOR IT BECAUSE AT SOME POINT, YOU KNOW, I THINK THEY'RE STARTING TO PUT THE BRAKES ON IT A LITTLE BIT.
BUT, BUT IT IS A GREAT TOOL, UM, BECAUSE IT'S NOT, WHEREAS THE OTHER TWO ALLOW YOU TO RECAPTURE TAXES WITHIN THE, THE PROJECT ITSELF.
UM, THE PROJECT FINANCE ZONE IS A THREE MILE RADIUS OF THE, UM, STATE HOT AND, UH, SALES AND MIXED BEVERAGE FROM, FROM THESE HOTELS.
SO IT'S PRETTY LUCRATIVE IF YOU HAVE A BUNCH OF OTHER HOTELS WITHIN THAT THREE MILE RADIUS.
AND THEN, DID I HEAR YOU CORRECT THAT IT'S 30 YEARS VERSUS 10 YEARS FOR THE OTHER ONES? CORRECT.
AND THESE ARE, THESE ARE EXAMPLES.
WE'RE NOT SAYING, WE'RE NOT POINTING ANYBODY IN ANY DIRECTIONS.
WE'RE JUST SAYING THESE ARE THINGS THAT WE CAN LOOK AT.
MR. MCGRAW, JUST CURIOUS ON THE RESIDENTIAL ASPECT OF THIS, YOU KNOW, EVENT CENTER AND SO FORTH, SO FORTH.
WHY IS IT THAT YOU HAVE SO MANY APARTMENTS INSTEAD OF OFFICE OR MORE COMMERCIAL? IF WE'RE TRYING TO DRIVE PEOPLE IN, UH, AS A GATHERING PLACE, SIMILAR TO BAYBROOK MALL, I MEAN, WE HAVE SOMETHING LIKE THIS AT BAYBROOK MALL WITHOUT THE RESIDENTIAL MM-HMM.
I DON'T MIND SOME RESIDENTIAL, BUT IT, IT APPEARS THAT WE HAVE A LARGE PER PERCENTAGE OF RESIDENTIAL MM-HMM,
I MEAN, THERE'S PEOPLE LIVING THERE ALL DAY, EVERY DAY, SO THAT MEANS THAT THEY HAVE MORE AVAILABILITY TO GO TO THE RESTAURANTS, WHICH CREATES MORE OF A DEMAND FOR RESTAURANTS, WHICH CREATES MORE OF A DEMAND FOR SHOPS.
I MEAN, YOU GUYS DO HAVE A MALL, BUT YOU DON'T, YOU'RE NOT ASKING FOR A MALL.
YOU MIGHT NOT BE ASKING FOR ANYTHING.
WE'RE TRYING TO FIGURE THAT OUT.
UM, BUT PEOPLE ALL DAY, EVERY DAY WILL SPEND MONEY AND RESTAURANTS, UH, ENTERTAINMENT OPTIONS, UH, FAMILIES THEY'LL SPEND MONEY AT, AT THESE RESTAURANTS.
AND WE'RE SEEING A, A PRETTY BIG VOID ANALYSIS, UM, WITHIN LEAGUE CITY OF PLACES THAT AREN'T COMING TO LEAGUE CITY, BUT THEY'RE GOING TO OTHER PLACES AROUND LEAGUE CITY.
AND SO THIS IS THE IDEA OF TO TRY TO CREATE THAT HOTSPOT WITH MORE PEOPLE THERE FOR MORE HOURS OF THE DAY.
THEY'RE JUST WORKING DURING THE DAY.
THEY'RE HERE FROM EIGHT TO FIVE, AND THEY'RE AT THEIR OFFICE ALL DAY, RIGHT.
IF THEY'RE LIVING HERE, THEY'RE HERE, YOU KNOW, AS ROB MENTIONED, THE 18 HOUR 24 HOUR CITY.
LIKE THEY'RE STILL WORKING AT THE OFFICE.
BUT WELL, THE RESIDENTIAL, I MEAN, WHAT IT'S REALLY FOR, RIGHT? IT'S, IT'S TO ALSO FEED UTMB AND THE GROWTH OF UTMB AND, AND GETTING THOSE OTHER AS UTMB IS DEVELOPING OUT THE CAMPUS, AND UTMB IS LOOKING AT ADDING ANOTHER MILLION SQUARE FEET TO LEAGUE CITY AND BRINGING RESIDENCY PROGRAMS AND A VARIETY OF THOSE OTHER THINGS TO GET THOSE PROGRAMS UP HERE, WE HAVE TO HAVE A PLACE FOR THOSE RESIDENTS AND THOSE, THOSE PEOPLE TO LIVE.
UH, AND I THINK THAT'S WHAT'S A PREP, THAT'S WHAT'S APPEALING TO ME ABOUT THIS KIND OF MULTI-FAMILY AS OPPOSED TO BASICALLY ANY OTHER KIND OF MULTI-FAMILY.
WELL, ON 96 UP THE SOUTH SHORE.
WHICH I WOULD PRETTY MUCH OPPOSE ANY OTHER KIND OF MULTIFAMILY, BUT BECAUSE IT IS GOING TO FEED THE DEVELOPMENT OF THOSE BIG PARCELS OF LAND RIGHT NEXT TO IT WITH THE OFFICE TOWERS FOR UTMB AND THE DEVELOPMENT OF MORE SERVICES IN LEAGUE CITY AND THEN SAME TIME FEED THE COMMERCIAL AND EVERYTHING ELSE THAT'S THERE.
I THINK THAT IS WHAT MAKES SENSE TO ME, JOHN, OF HAVING THAT.
AND TO BE FAIR, WHEN WE TALK ABOUT BAYBROOK, IT'S SURROUNDED BY APARTMENTS.
THEY, THEY'RE NOT ON THE FACILITY OF BAYBROOK MALL, BUT IT'S TWO COMPLEXES BEHIND IT AND THREE BRAND NEW ONES RIGHT ACROSS THE HIGHWAY FROM IT.
THE OTHER ASPECT WOULD BE THE HOCKEY LEAGUE.
I KNOW MANY YEARS AGO WE TRIED TO INCORPORATE A HOCKEY
[00:35:01]
IN THE EARLY EIGHTIES AND IN NINETIES HERE IN, IN CLEAR LAKE CITY AND IT NEVER WORKED.SO WHAT, WHAT KIND OF STATISTICS ARE YOU LOOKING AT TO SHOW THAT HOCKEY LEAGUES WOULD WORK IN LEAGUE CITY? I MEAN, IS THERE A HOCKEY LEAGUE NOW IN HOUSTON OR SURROUNDING METRO AREA OR, YEAH, SO WE'RE TALKING WITH THE EAST COAST HOCKEY LEAGUE TO BRING A HOCKEY TEAM HERE.
SO IF THIS PROJECT DOES GO FORWARD, THE INTENT THERE IS THAT WE'VE ALREADY, WE'RE ALREADY COMING TO THAT OR WE'RE ALREADY AT THAT AGREEMENT, THEY'RE READY TO PUT ONE HERE.
WE ALREADY HAVE A TEAM THAT'S READY TO GO HERE.
THOSE FOLKS WOULDN'T INVEST TIME, MONEY, UH, IN THIS LOCATION IF THEY DIDN'T THINK IT WAS GOING TO WORK.
AND, AND WHAT FAILED HERE WAS JUST A ICE RINK, RIGHT? THAT WAS A, LIKE A MEN'S BEER LEAGUE HOCKEY, NOT A MINOR LEAGUE PROFESSIONAL TEAM.
BUT NOT ONLY THAT, UM, THE MINOR LEAGUE TEAM THAT WE HAD IN HOUSTON WAS ACTUALLY SUCCESSFUL.
THE ONLY REASON THEY'RE GONE IS THAT THE ARENA FELT THEY COULD MAKE MORE MONEY DOING MORE CONCERTS THAN THEY DID FROM HOCKEY, WHICH WE SHOULD BE SO LUCKY TO HAVE THAT PROBLEM A FEW YEARS DOWN THE ROAD IF THIS GETS BUILT.
UM, AND THAT'LL BE A, A BUSINESS DECISION AT THAT TIME FOR A VENUE.
NOT TO SAY THAT HOCKEY FAILED IN HOUSTON.
THAT THAT, AND, AND WHEN YOU TALK ABOUT A MINOR LEAGUE OR A PROFESSIONAL TEAM, IT'S KIND OF A REGIONAL INTEREST, NOT JUST LEAGUE CITY.
JOHN, I HAVE A QUICK QUESTION.
SO A GOOD FRIEND OF MINE WAS RECENTLY IN HERMAN, RIGHT THERE AT VICTORY, UH, BAY COLONY.
AND HE'S, HE WAS TOLD THAT HERMAN IS IN THE PROCESS OF WANTING TO BUILD ANOTHER FACILITY HERE BEHIND THEIR CURRENT CAMPUS.
DO YOU KNOW ANYTHING ABOUT THAT? I ASK THAT BECAUSE YOU BRING IN ABOUT UTMB AND EXPANSION OF UTMB AND BRING IN MORE NURSING AND MORE MEDICAL, AND IT'S, IF HERMAN, IF WHAT I'M HEARING IS CORRECT, THAT'S EVEN MORE PERSONNEL COMING INTO THE AREA.
MEMORIAL HERMAN DOES OWN THE LAND BEHIND THEIR EXISTING FACILITY, AND WHEN THEY CAME FORWARD, THEY SAID ULTIMATELY IT WOULD EXPAND ONTO THAT SITE.
SO YOU'RE LOOKING AT IT MORE, I I, I'M LOOKING AT CHRIS AND CHRISTOPHER.
HAVE WE HEARD, THEY'VE NOT HEARD ANYTHING RECENTLY FROM MEMORIAL HER, BUT THEY OWN THAT LAND ALL THE WAY BACK TO, UM, BROOK PORT.
THAT'S A POSSIBILITY OF SOMETHING ELSE COMING UP TOO, IS HERMAN REALLY DOESN'T HAVE A TRUE FACILITY HERE IN LAKE CITY YET.
CARE CENTER KEEP BANGING THE, THE HOCKEY STUFF, BUT, UH, THE WAY I LOOK AT IT, HOCKEY DOESN'T REALLY MATTER, RIGHT? IT'S 30 NIGHTS A YEAR.
WE WOULD REP IF IF IT, IF IT DOESN'T WORK OUT, YOU'D REPLACE IT WITH SOME OTHER KIND OF PROGRAMMING, RIGHT? I HAVE NEVER WATCHED HOCKEY GAME IN MY ENTIRE LIFE, BUT, UH, I MEAN, I COULD MAYBE THINK IT'D BEING COOL.
UH, BUT WHAT I'M SAYING IS IF THAT DOESN'T WORK OUT, WE CAN BACKFILL THAT PROGRAMMING WITH OTHER KINDS OF PROGRAMMING THAT THAT'S WHY THIS IS THAT FAIR BOX.
THIS BUILDING IS, IS DESIGNED THE WAY IT IS TO BE FLEXIBLE.
MONSTER TRUCKS, I WOULD LOVE MONSTER TRUCKS.
I'VE GOT A QUESTION ABOUT THE RATIO.
UH, SO YOUR TOTAL BUILD OUT AREA IS, UH, DEDICATED, I GUESS 56% OF IT'S DEDICATED TO MULTIFAMILY AND STRUCTURED PARKING.
IS THAT RATIO PRE CONSISTENT WITH THESE OTHER VENUES THAT, UH, WE MENTIONED BEFORE? UH, THAT, I MEAN, THAT'S A TOUGH QUESTION TO ANSWER.
I MEAN, EVERY, EVERY, EVERY LOCATION'S DIFFERENT.
UH, WHAT WE'RE TRYING TO DO IS WE HAVE 53 ACRES, GIVE OR TAKE, AND WE'RE TRYING TO, YOU KNOW, TAKING OUT THE, UH, SURFACE LEVEL PARKING BECAUSE WE CAN'T USE THAT 'CAUSE OF THE HIGH TENSION WIRES.
SO WE HAVE LIMITED SPACE THAT WE HAVE TO PUT IN COMMERCIAL, THAT WE HAVE TO PUT IN HOTELS, WE ALSO HAVE TO ACTIVATE THE SITE.
UM, THEN WE LOOK AT THE DEMAND FOR HOUSING IN THIS AREA, AND THAT'S HOW WE BACK INTO A RATIO.
AND BECAUSE THERE'S A TON OF PRIVATE INVESTMENT THAT HAS TO GO INTO THIS.
SO WE HAVE TO BE VERY CAREFUL THAT WE'RE NOT JUST SAYING STUFF THAT WE CAN DO WHAT WE SAY WE CAN DO AND THE EXISTING POWER LINES OF THE REASON WHY IT'S NOT MULTI-LEVEL PARKING ON THE SURFACE LEVEL.
WE TRIED TO UTILIZE THAT SPACE AS SPACE THAT WE CAN'T REALLY USE.
AND, AND IN THIS PACKET THAT I HAVE, IT KIND OF OPENS UP THE PARCELS A LITTLE BIT, TALKS ABOUT THE CIRCULATION, IT GIVES A LITTLE BIT MORE PICTURES.
UH, YOU'LL BE ABLE TO SEE KIND OF WHAT WE WERE THINKING ABOUT AND FROM THE HOCKEY, NOT TO GET BACK INTO IT, BUT, UM, RICK IS HERE, BUT HE'S DEVELOPED 22 OF THESE ARENAS, UH, ACROSS NORTH AMERICA.
UH, AND IT'S GOT JUST A TON OF EXPERIENCE IN THE MIXED USE VENUES, UH, AS WELL AS WITH HOCKEY.
SO IF THERE ARE SPECIFIC QUESTIONS AND YOU'D LIKE RICK TO STAND UP, HE'S HERE.
[00:40:02]
ESPECIALLY ON HOW SUCCESSFUL THINGS CAN BE, YOU KNOW, CAN, CAN RICK UP TO THE COUNCIL WITH CAN RICK TALK A LITTLE BIT, I MEAN, I GET THE EVENT CENTER, BUT THE DEVELOPMENT OF THE COMMUNITY ICE AND THE YOUTH INTEREST IN THAT KIND OF THING IN THE HOUSTON MARKET SPECIFICALLY? YEAH.AND WE'LL ALSO HAVE 'EM TALK QUICKLY ABOUT THE CONVENTION AND HOW THEY'RE ALL AND WHY THEY'RE ALL CONNECTED TO OH, SURE.
AND I THINK, UH, COUNSELOR TESLER, I THINK WRESTLER BROUGHT UP THE GOOD POINT ABOUT THE PREVIOUS, UH, AMERICAN HOCKEY LEAGUE TEAM THAT WAS PLAYING DOWNTOWN.
IT WASN'T THAT THE OWNER WHO WAS ALSO FROM MINNESOTA OWNED THE MINNESOTA, UH, WILD OF THE NHL.
HE DIDN'T NECESSARILY WANT TO MOVE HIS TEAM, BUT THE LEAST BECAME PROHIBITIVE WHEN THE BASKETBALL GUYS DID DETERMINE THAT THEY COULD PLAY, MAKE MORE MONEY BY DOING MORE CONCERTS THAN HAVING AN A HL TEAM PLAYING IN THE BIG BUILDING DOWNTOWN.
SO THEY MOVED THEIR TEAM TO DES MOINES, IOWA.
BUT, BUT IT WASN'T BECAUSE HOCKEY WASN'T SUCCESSFUL AT THAT LEVEL.
IT'S JUST THAT, UM, THE OWNERS OF THE, THE BASKETBALL VENUE, THE TOYOTA CENTER DOWNTOWN WAS, UM, WAS NOT IN FAVOR OF HAVING, UH, A HOCKEY TEAM AS OPPOSED TO HAVING A COUPLE MORE CONCERTS.
SO, AND HOCKEY IS, IS GLOWING TREMENDOUSLY IN THE STATE OF TEXAS.
WE'VE BEEN DOING THIS, UH, SINCE 1995.
AND, UM, HOCKEY IS, UH, IS, IS IS BIG BUSINESS IN TEXAS.
YOUTH HOCKEY IS TREMENDOUSLY SUCCESSFUL.
UM, THE DALLAS MARKET IS BUSTLING, UH, WITH, WITH MINOR LEAGUE YOUTH PROGRAMS. UH, AND HOUSTON AT SOME POINT IS GOING TO HAVE A NATIONAL HOCKEY LEAGUE TEAM.
THEY WILL HAVE A NATIONAL HOCKEY LEAGUE TEAM.
THE TEAM WENT TO SALT LAKE CITY, THE NEXT ROUND OF EXPANSION.
HOUSTON HAS TO BE THE MARKET THAT THEY LOOK AT.
IF THIS MARKET HAS R FIVE OR 6,000 SEED FACILITY WITH THE MINOR LEAGUE TEAM IN A GREAT POSITION, UH, THOSE ATTENDANCE NUMBERS WILL ONLY GET BETTER BECAUSE YOU HAVE A, A MORE OF A HOCKEY BASE THAT STARTS TO FOLLOW WHAT HAPPENS AT THE BIG LEAGUE LEVEL.
TO JOHN'S QUESTION ABOUT YOUTH SPORTS, I MEAN, UM, WE HAVE ALL KINDS OF INTERESTS LATELY FROM THE YOUTH PROGRAMS IN THE WOODLANDS, UH, AND IN HOUSTON THAT THEIR A THEIR FACILITIES ARE AGING.
UH, THEY'RE NOT IN GOOD SHAPE.
SOME OF 'EM ARE PRIVATELY OWNED, SO THEY TEND TO BE RUN DOWN, NOT MAINTAINED VERY WELL ENOUGH.
SO THERE IS A MARKET FOR THE YOUTH SPORT OF HOCKEY.
THERE'S A BIG MARKET FOR, FOR FIGURE SKATING IN, IN THIS PARTICULAR AREA.
SO THUS, YOU KNOW, WE LOOKED AT ADDING, MAKING SURE THAT WE ADDED A SECOND SHEET OF ICE SO THAT THE BIG TEAM COULD ALWAYS HAVE SOMEWHERE TO PRACTICE IF THERE WAS A CONCERT GOING ON IN THE BUILDING.
BUT ALSO THAT THE YOUTH OF THE COMMUNITY HAD A PLACE TO START TO LEARN AND, AND PARTICIPATE IN THIS SPORT.
SO, UM, VERY CONFIDENT THAT, UH, THOSE, THOSE NUMBERS WILL SUPPORT THE, THE EXISTING FACILITIES THAT WE, UH, WE ARE LOOKING AT BUILDING HERE.
AND THEN, YOU KNOW, WE SAID YOU'VE DEVELOPED 22 FACILITIES.
HOW MANY OF THOSE HAVE THE SECOND SHEET OF ICE? 5, 5, 5.
AND THAT'S BEEN THE, THAT'S BEEN THE LATEST MODEL.
THAT'S THE, IS TO ADD THAT SECOND SHEET OF ICE.
AND PARTICULARLY IN MARKETS WHERE THEY DON'T, YOU DON'T HAVE A LOT OF ICE SHEETS.
SO THEN THE TEAM, THAT'S YOUR TENANT CAN ALWAYS HAVE A PLACE TO PRACTICE WHEN YOU CHANGE THE BUILDING OVER FOR OTHER EVENTS.
AND THE PURPOSE IS, WE WERE TALKING HERE ABOUT THE 199 EVENTS OR THEREABOUTS, IS BUILDING NEEDS TO BE FLEXIBLE.
ONE DAY WE HAVE A HOCKEY GAME, THAT GAME IS OVER AT NIGHT, WE'RE GETTING READY FOR A CONCERT.
THE NEXT DAY BUILDING NEEDS TO SWITCH OVER.
SO WHEN IT'S GETTING SWITCHED OVER, THE TEAM NEEDS SOMEWHERE TO PRACTICE.
AND IN, IN OUR PARTICULAR CASE, THEY'D HAVE TO GO TO SUGARLAND TO PRACTICE.
SO YOU'VE GOT A BUILDING FOR THEM TO PRACTICE IN.
THEY'RE NEVER OUT OF A, A SPACE AND ALLOWS THE BIG BUILDING TO DO WHAT IT'S SUPPOSED TO DO, WHICH IS DRIVE PEOPLE INTO THE MARKET AND PRODUCE REVENUE.
I DON'T THINK MY COMMENT IS FOR YOU, I THINK IT'S FOR ONE OF THE OTHER GUYS WHO'S HERE, BUT THERE'S A SPACE ON HERE MARKED NEIGHBORHOOD GROCERY.
I'LL TELL YOU RIGHT NOW, IF YOU CAN GET WHOLE FOODS OR TRADER JOE'S TO SIGN ON, THE PUBLIC WILL TELL YOU TO START TOMORROW.
SO START MAKING, OR, OR YEAH, EVEN A CENTRAL MARKET, BUT IF YOU CAN GET THOSE TO SIGN ON, I'M TELLING YOU THAT'S GONNA HELP YOU OUT.
I'M STILL SKEPTICAL ABOUT THAT HOCKEY, YOU KNOW, ANCHOR INTO THE HOCKEY DEAL.
I'VE LIVED HERE LONG ENOUGH TO SEE THE ARROWS FAIL TWICE, AND MAYBE THEY MOVED HIM TO DES MOINES FOR WHATEVER REASON.
IF THEY WERE BEING SUCCESSFUL, THEY WOULDN'T HAVE WENT TO CONCERTS, RIGHT? I MEAN, IF THEY'RE SELLING OUT EVERY NIGHT, THEY, THEY WOULDN'T HAVE MOVED HIM OUTTA TOWN.
UM, YOU KNOW, I'VE COACHED YOUTH SPORTS HERE FOR MANY YEARS AND I'VE NEVER ONCE HAD A KID COME TO ME AND SAY, MAN, I WISH WE HAD YOUTH HOCKEY IN THIS AREA.
SO I I AM JUST A LITTLE SKEPTICAL ABOUT ANCHOR TO, YOU KNOW, THE HOCKEY PIECE.
I, I THINK THIS IS, THESE ARE GREAT CONVERSATIONS TO HAVE.
I THINK THAT'S THE POINT THOUGH, RIGHT? LIKE, IT'S NOT ANCHORED TO, IT'S 10% OF THE NIGHTS.
SO IF IT, IF, IF HOCKEY'S WHAT'S GONNA SAVE US, THEN THIS IS A WASTE OF TIME.
[00:45:01]
BE TRUE.RIGHT? I THINK IT'S ALL THE OTHER STUFF.
UH, AND, BUT I THINK WE NEED TO MAKE SURE THAT THE NUMBERS, 'CAUSE I, I PERSONALLY HAVE, I'M VERY HESITANT TO, TO BELIEVE IN HOCKEY EITHER.
BUT, UH, I DO THINK JUST THE EVENT CENTER AND THE DIFFERENT THINGS THAT ARE GOING THROUGH THERE MAKES SENSE, UH, TO, TO KIND OF FEED ALL THIS, ESPECIALLY WITH THE DEVELOPMENT OF UTMB.
AND I THINK NOW, I THINK THE BEST THING THAT WE CAN ALL DO UP HERE IS START TEARING INTO THESE, UH, PRESENTATIONS, COMING UP WITH A BUNCH OF DIFFERENT QUESTIONS, AND THEN ALSO AT THE SAME TIME, LEANING ON STAFF TO, TO ANSWER THE QUESTIONS ABOUT THE FUTURE OF THE SPORTSPLEX AND THE FUTURE OF, OF PARKS IN GENERAL AND WHERE WE'RE GONNA GO FROM HERE.
UH, BECAUSE THEY DO HAVE TO KIND OF MOVE IN TANDEM,
HAS IT BEEN ON THE MORE SUCCESSFUL ONES? I KNOW THAT YOU KIND OF STRUGGLE TO COME UP WITH A COUPLE THAT WERE MORE SIMILAR TO THIS.
IS IT MORE TYPICALLY THAT WAY? IT'S, IT'S HARD TO PUT EVERYBODY IN A BOX, BUT LET'S JUST SAY IT IS PRIVATELY MAINTAINED.
EACH ONE OF THE, I MEAN, WE CAN PUT REGULATIONS ON WHAT THIS PLACE LOOKS LIKE, HOW IT'S RAN, HOW IT'S OPERATED.
IF IT STARTS, IF OPERATION LETS GO AND DOESN'T CLEAN IT UP, THE BUSINESSES ALL GET AFFECTED.
IT BECOMES NOT A GREAT PLACE TO LIVE.
LIKE EVERYBODY'S AT RISK IF THIS THING IS NOT TAKEN CARE OF ON A DAILY BASIS.
ANY MORE QUESTIONS? IF NOT, THEN WE WILL ADJOURN THIS MEETING AT 5 47.