HomeMy WebLinkAboutSEOPW-CRA-2000-03-13-Discussion Item 12Ballpark Site Comparison
Premises:
A downtown ballpark can be a beneficial attraction
13 - 17 acres required
' Retractable roof cover required
Minimal on -site (VIP) parking required -- 1,500 spaces
New stadium opens in 2003, hence groundbreaking 2001
Public/non-profit ownership; Marlins as prime tenant
Project financing predicated on approval of a tourist -based tax by Tallahassee and referendum
Immune/exempt from ad valorem taxes
C,
Park West•
. Criteria
' Project can be accommodated in a C. Direct Fiscal
Park West
' City of Miami Tax Loss: $38,000
' City of Miami Tax Loss: $ 0
A. Site Fit
Project requires development/redevelop-
ment.of 23 acres, inclusive of ROW
in a portion of the park (16 acres) Impacts
' CRA Tax Increment Loss: $242,000
' CRA Tax Increment Loss: $ 0
Requires land assembly
Remainder of park available for redevelop-
Limits future TIF potential
Consideration for use of ballpark site
Acquisition/condemnation of 19.12 acres
ment with non -ballpark park uses (17 acres)
Contribution from Marlins toward redevelop -
of privately owned land
' No land assembly required
ment of balance of park & pedestrian
72 parcels/32 buildings
' No relocation of ROW or utilities required
improvements
' Adequate roadway capacity
' Adequate roadway capacity
36 property owners
` Consistent with Comprehensive Plan D. Accessl
Relocation of ROW and utilities required
' Consistent with zoning Parking
' Area traffic flow may be improved for port-
` Area traffic flow may be improved for port -
Consistent with Comprehensive Plan
Could be accommodated in Increment 1
related reasons
' Additional signalization and other traffic
related reasons
Additional signalization and other traffic
Consistent with zoning
Would substantially deplete CRA's
of Downtown DRI
-- Not considered preferable
management improvements may be needed
management improvements may be needed
DRI development rights
' Could be accommodated in Increment 2
' Beneficial proximity to both Metrorail &
Beneficial proximity to Metromover
of Downtown DRI
Metromover
' Improved pedestrian ways to Metrorail re-
-- Scheduled to be filed Third Quarter 2000
' Would reduce current inventory of parking
quired
' No deed restrictions or other limitations
in the area
` Adequate parking in area
B. Costs/
*Total Assessed Value: $16.1 M
' Total Assessed Value: $ 17.3 M
E. Catalytic
' Contributes to a "critical mass" of down-
' Contributes to a "critical mass" of down -
Timetable
Assessed Value/S.F.: $21
Assessed Value/S.F.: $ 25.43
Benefits/
town activities/downtown as a destination
town activities/waterfront as a destination
City's Estimated Market Value: $32.3 M
City's Estimated Market Value: $44.2 M
Adverse
Essentially reduces Park West to west
' Fills activity "gap" linking Bayfront Park,
Market Value/S.F.: $42
' Market Value/S.F.: $65
Impacts
Biscayne frontage
Bayside, AA Arena, Performing Arts Center
Pre -development costs (exclusive of
' Estimated Market Value based on Parrot
' Creates "dead" space 280 days a year
' Enhances Park West redevelopment
potential environmental clean-up): $5.5 M
Jungle (Watson Island appraisal)
within fabric of downtown
dynamics
Potential environmental clean-up cost
' Pre -development costs (exclusive of
' Impedes Park West redevelopment
unknown
potential environmental clean-up): $50,000
dynamics
City's estimated value/cost does not
` Environmental clean-up costs unknown
Places heavy truck traffic near residential
include:
' Acquisition timetable based on negotiation
uses (at least in short term)
Relocation costs
process
Places heavy truck traffic near pedstrian
Professional fees (legal, appraisal)
' No other impediments to development
activity at stadium entrance
Transactional/Court costs
Incompatibility between ballpark and
Dynamic of a seller's market
residential use
Actual cost likely 2+ times City's
estimated value
F. Intangibles
'Value of waterfront open space in a non-
'Value of a civic "landmark"
Use of Quick Take procedures not likely
residential area
' Value of redeveloped, active waterfront
Financial exposure
park
'Value of enhanced predestrian activity
-- Escrow requirements
along waterfront and in Park West
Standard Take: 1 year minimum
After to property acquired additional time
before construction would be required for:
Replat of vacated ROW
Business relocations
Relocation of N.W. 1st Avenue
Ballpark construction could likely not
begin until 2002
J
SEOPyYlCRA lu ?J
AGENDA ITEM
12
MARLINS BALL PARK
ALTERNATE PARK WEST LOCATION OPTION
Prepared for:
City of Miami Community Redevelopment Agency
(CRA)
March 13th, 2000
(DI
BERMELLO AJAMIL & PARTNERS INC.
Architecture Engineering Planning Landscape Architecture Interior Design
9
%7,
x
DHLLr Hi-.11011 L' %—%JO1 <.V1Ylr H1C1.7V1VJ
ITE'CONSEDERA'1T
Condemnation Required:
No
Acres to Utilize:
15.60'
Number of Parcels:
I
Number of Existing Buildings:
3
Number of Property Owners:
I
Street Closures Required:
No
Acres of Right of Way to Vacate:
0
Acres of Right of Way to Construct:
tbbdd
Assessed Value of Land:
$17,283,611
Assessed Value of Buildings:
$0
Total Assessed Value:
$17,283,61 1
Total Property Sq. Ft.
679,536
Value Per Sq. Ft.:
$25.43
Estimated Market Value Per Sq. Ft.:
$65 '-
Total Estimated Market Value:
$44.169.840
Silc()Ycnie"l'rloVC'oolparisonV I
Condemnation Required:
Yes
Acres to Assemble:
17.66
Number of Parcels:
72
Number of Existing Buildings:
32
Number of Property Owners:
36
Street Closures Required:
Yes: '
Acres of Right of Way to Vacate:
4.05
Acres of Right of Way to Construct:
3 5
�j
Assessed Value of Land:
$11,759,080
Assessed Value of Buildings:
$6,724,685
Total Assessed Value:
$16,096,510
Total Property Sq. Ft.
769,352
Value Per Sq. Ft.:
$21 '
Anticipated Market Value Per Sq. Ft.:
$42'
Total Anticipated Market Value:
$32,312,784'
Condemnation Required: Yes
Acres to Assemble: 18.67
a h
Number of Parcels: 76
Number of Existing Buildings: 33
Number of Property Owners:
D
Street Closures Required: Yes:'
"
Acres of Right of Way to Vacate: 4.05
«
Acres of Right of Way to Construct: 3 s
Assessed Value of Land: $12,404,455
Assessed Value of Buildings: $6,529,921
Total Assessed Value: $16,512,326 °
Total Property Sq. Ft. 813,252
Value Per Sq. Ft.: $20
Anticipated Market Value Per Sq. Ft.: $42 °
Total Anticipated Market Value: $34,156,584 °
"ALLYAKK Jl l L %—VJ 1 UVIVIYAKISVNJ
City of Miami Taxes: $0
CRA - Tax Incremental Revenue: $0
Property Value: $44,169,840
Building Demolition: $50,980
x
Race Track Demolition: Unavailable
New Infrastructure: Unavailable
Total Costs: $44,220,820
' Based on Sports Complex footprint
2 Based on'00 appraisal for Parrot Jungle project on Watson Island
$5 demolition cost per sq. A. ofexisting buildings
Street Closures: NE 9th St.
` Realignment of NE Ist Avenue
" 6 Parcels not included. require additional research
,�xcdlx�a�.tl'' IJ.DR
Site0vcniei% 1'rint/C'umpansunv I
City of Miami Tax Loss: $38,000 10
CRA - Tax Incremental Revenue Loss: $242,000, 11
Property Acquisition: $32,312,784 12
Building Demolition: $1,683,180 13
New Infrastructure: $5,500,000 "
Weuiufr-truetute- 4vt4nn onw nA
3
Total Costs: $4b
Optional Property $16,638,120
Total w/Optional Property: $,
St 5141},opct
Total value divided by total sq...
r Based on assessments
Total value multiplied by anticipated market value
10 Based on'99 City of Miami Taxes Due
" Based on City and County combined millage at 15.8 mills
''" Estimate provided by Bcrmello AJamil & Partners
City of Miami Tax Loss: $39,000 10
CRA Incremental Revenue Loss: $248,000 "
Property Acquisition: $34,156,584 "
Building Demolition: $1,764,395 13
New Infrastructure: $5,500,000 14
3khlnFkfK9"'A": VAAAAAAAAAi
- I,r„�i.c��I��G.�
d
1114 ` 2.0,1-11
Total Costs: 3A
Optional Property $16,638,120
Total w/Optional Property: T6A;559jN9
4 58.05q,-D99
PARK WEST SITE
Optional Additional Property
SITE CONSIDERATIONS
Condemnation Required:
Yes
Acres to Assemble:
2.49
Number of Parcels:
10
Number of Buildings:
2
Number of Property Owners:
tbd
Assessed Value of Land: $10,540,000
Assessed Value of Buildings: $2,617,103
Total AssessedValue: $13,157,103
Total Property Sq. Ft. 108,464
Value Per Sq. Ft.: $121
Anticipated Market Value Per Sq. Ft. $150
Anticipated Total Market Value : $16,269,660
LICATIONS'
AT
City of Miami Tax Loss: $31,000
CRA Incremental Revenue Loss: $198,000 1
PRE -DEVELOPMENT COSTS
Property Acquistion: $16,269,660 1
Building Demolition: $368,460
Total Costs: $16,638,120
SEOPW/CRA _-_
SiteOvcrviewPrint/Optionalpropert} V. I
b
Metrorail Park West
Arena Towers
People Mover Metrorail Station
Chiller Plant
RR tracks to POMh' People Mover Station
Vehicular Circulation
N.W. 9th Street Mall
it� Miami Arena
CITY OF MIAMI MARUNS BALL PARK DOWNTOWN
PRELIAIINARY ALTERNATIVE LOCATIONS EVALUATION
AJA.......r...,..,_............... MWa FIDPlDA
DEVELOPMENT CONSTRAINTS
PARK WEST SITE
POTENTIAL ALTERNATE SITES j
mm
I�
^� ■ 4
BIL7 Firs. Parking Structure-
220 Cars/Floor
—�-..jotal,
Chiller
Plant
ARK ST =_
SIT
a
a
I IN liiii IIIIIIIII IN
r_
American
Airlines
Arena
PARK !NEST SITE
POTENTIAL ALTERNATE SITES
Miami
Arena
N.W. 6th. St.
Z
. --_ Realigned N.E. 1st Ave.
........................
395
I
I
I
� I
OICENTENNIA4
I r I
I ,
I S LE
re is 11
-----------.--- —J
American
Airlines
Arena
i l l l llN Zilllilll \ �`_- �
� N
W W
Z Z
I� Property to Condemn ..... 19.12 Acres
R.O.W. to Vacate 4.67 Acres REQUIRED PROPERTY
Sub -Total ..................... 23.79 Acres CONDEMNATION
Optional .. . .2.31 Acres
PARK WEST SITE
Total .............. 26.1 Acres POTENTIAL ALTERNATE SITES
CTIY OF MIAMI MARUNS BALL PARK DOWNTOWN - -
PRELDAMARY ALTERNATIVE LOCATIONS EVALUATION
WAK FLORMA
t,
P
:t r
444-1,
".r *Wk
Nor
.w_
h E
. 1
111
.t
tip..
-14
f
t i a
-`
.O
. yam,
_ i
Chiller
Plant
N.W. 11th. ST.
N.W. 10th.
1V muin. o 1 . mAL-t
N.W. 8th. ST.
Miami
Arena
U
O
to
O
�O
N.W. 11th. sT.
Z
CITY OF MIAMI MARLINS BALL PARK DOWNTOWN
MELUYUKARY ALTERNATIVE LOCATIONS EVALUATION
WARE FLORMA
Q
W
J
D
0
m
W
Z
U
CO)
to
LEGEND �ww
Site ■; '
16.4 Acres
(_ Open Space l�
4.44 Acres
Realigned N.E. 1st Ave
2.95 Acres / 1,754'
View Corridor
2.31 Acres
Q
c
N
W
Z
-IE
PARK WEST SITE
POTENTIAL ALTERNATE SITES
N.E. 1St Avenue - West Alignment
Order of Magnitude
Preliminary Cost Estimate
CITY OF MIAMI MARLINS BALL PARK
PARK WEST SITE - WEST ALIGNMENT - ORDER OF MAGNITUDE PRELIMINARY COST ESTIMATE*
Relocation of N.E. 1" Avenue (From R.R. Tracks to N.E. 111" Street)
New Roadway ± 2400 L.F. @ 4 lanes of pavement @ 75' R/W
A. Roadway (no demolition work included in estimate)
1. Subgrade preparation
18,700 s.y. @ $5.00 = $ 93,500
2. Base (crushed limerock - 8" thick)
4,174 c.y. @ $15.00 = 62,610
3. Pavement (2" thick)
11,700 s.y.. @ $6.00 = 70,200
4. Curb & Gutter
4400 x $12.00 = 52,800
5. Sidewalks
4400 L.F. x $15.00 = 66,000
6. Striping & signage (L.S.) = 30,000
Subtotal: S 375 11 n
Lighting, Landscaping, Traffic Signalization and Drainage
B. Street Lighting
48 light poles @ $750.00 = $
36,000
C. Landscaping
(Trees, tree grates, etc. L.S.) =
24,000
D. Traffic Light Systems =
200,000
E. Modifications to adjacent &
intersecting streets (L.S.) =
250,000
F. Storm Drainage
18 catch basin @ $4,000 =
72,000
24,000 L.F. exfiltration trench @ $100.00
240,000
Subtotal: $
822,000
*Developed from conceptual design and from preliminary concept drawings, not
based on actual site survey or detailed design drawings.
U
N
A
CITY OF MIAMI MARLINS BALL PARK
PARK WEST SITE - WEST ALIGNMENT - ORDER OF MAGNITUDE PRELIMINARY COST ESTIMATE*
Utility Relocations and New Installations
G.
Utility Relocations and New Installations
8" sanitary sewer w/manholes
2400 L.F. @ $250.00 =
$ 600,000
H.
Water Mains
2400 L.F. @ $200.00 =
480,000
I.
Telephone
2400 L.F. @ $100.00 =
240,000
J.
Gas
2400 L.F. @ $150.00 =
360,000
K.
Underground Electric
2400 L.F. @ $300.00 =
720,000
L
Telecommunications
2400 L.F. @ $100.00 =
240,000
M.
24" Sewer Force Main
1000 L.F. @ $125.00 =
125,000
Subtotal:
$ 2,765,000
Subtotal:
$ 3,962,110
15% - Design & C.A.
$ 594,316
20% - Contingency
911,285
Total Costs:
$ 5,467,711
*Developed from conceptual design and from preliminary concept drawings, not based on actual site survey or detailed design drawings.
Appendix
East Alignment
M
F7
FTT -1
395,
7 Floors Parking Structure
220 Cars/Floor
Total 1,600 cars
Miami
Arena
Chiller
Plant
fY
PARK
0
'40 7E w
-----------------
z
Uj
V' IN
Ui
2i
Site
CITY OF NHANU MARLINS BALL PARK DOWNTOWN
PREL&M-4ARY ALTERNATIVE LOCATIONS EVALUATTON
NMAW FLOPMk
PICENTENNIA'
p Rp
S E
115.6 crb/s
EAST LOOP ROAD ALTERNATIVE
PARK WEST
POTENTIAL ALTERNATE SITES
d oo w dl� tjt:J m' v= d i
395
n- L I E
I
1
_M
Miami
Arena
1111111111
MM IN
I 1-1-furl
d
i
`i
C
Property to Condemn 17.76 Acres
�J R.O.W. to Vacate 4.05 Acres
----- New R.O.W. 3 Acres/1,754 I.f.
CITY OF MIAMI MARLINS BALL PARK DOWNTOWN
PRELB494ARY ALTERNATIVE LOCATIONS EVALUATION
I
I
I
I
0I;CENTENNIA4
►! I
S LE
I �16S
----------------J
REQUIRED PROPERTY
CONDEMNATION
PARK WEST SITE
East Loop Road Alternative
POTENTIAL ALTERNATE SITES
r��
0
C