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Home My WebLink AboutCRA-R-11-0043 07-28-2011 CRA Presentation-Miami Entertainment Complex-MECSUBMITTED INTO THE PUBLIC RECORD FOR ITEM If ON -748111 . I, Miami Entertainment omIexM EC Board Report July 28th, 2011 —Miami Entertainment Complex Miami Entertainment Complex Histor /Introduction Property Acquisition • Purchased property from MD -School Board for $3,100,101 ($25/SF) • Closed on February 15th, 2011 Credit for Sale of Southern Parcel • Sold southern parcel to FDOT for $1,087,268 ($26/SF) • CRA leases southern parcel from FDOT for $1.00/year Property Location • Located within designated Media and Entertainment District, 2 blocks west of the PAC on NW 14 Street l . Miami Enterdinme .:Complex.Location Omni CRA Miami Entertainment Complex State Incentives Florida Incentives • $242 Million in incentives for movie industry • $3 Million matching job creation — matches CRA film and entertainment job creation program Florida Film Incentives Attracts Film Shooting in Miami • Burn Notice • Charlie's Angels • Rock of Ages • Step Up 4 n Z • The Magic City _ A • The Glades sawm THE NIACKC CITY 'L�f Iu5--fir rlry OC/s�1 err/-1-ts , "aPT SLI Omni CRA burnnotice 7111J1'1M �1 1yCI Miami Entertainment Complex Vision CRA Created Skills Media Arts Komplex (SMAK) Panel "Mr. Graham Winick, Miami Beach Film Events Production Mgr. •Mr. Jeff Peel, Director, Miami Dade County Film Office •Rob Feldmon: Director, City of Miami, Film & Cultural Affairs Office •CAMACOL, Ms. Patty Arias, Managing Director •Mr. Eugene Rodriguez, Big Time Productions - Events/Stakeholder •M.E.D.A. : Michael Slyder, President •Mr. A. Terry Darling, FI. Carpenters Regional Council •Ted Lucas: Slip N Slide Records 'Gustavo "Tito" Godoy: G Force ( Glen Rice Promoter ) Events Promoters •Greg Hauptner: Founder, President & CEO — G-Star Studios •Mr. Ken Harris, COO — A. Arsht Ctr. •Mr. James Stamatis, VP Ops., Telemundo Studios •Mr. Luis Choter, MPA — Asst. On Street Director •Mr. Patrick de Bokay, Principal of M.W.C.C. •Mr. William Plasencia, District 2 / Commissioner's Staff Omni CRA Miarl Entertainment Complex -1 Miami Entertainment Complex SMAK Panel Recommendations SMAK Committee Development Recommendations •Raise the entire buildings present roof to a height of 50 feet. •Provide for "FLEX" office space in the N. E. quadrant of approx. 12,000 sq. ft. / 2 floors or optional a 24,000 sq. ft. / 4 floors space. •Build two fully operational Film Sound Stages of approx. 10,000 -12,000 sq. ft. •Avatar •Jurassic Park III •Ironman •Many other blockbusters •Provide "Motion Capture Stage" - Special Visual Effects Green Screen Stage •The facility will require basic new Electrical Grids, Plumbing, Lighting, Cat Walk Grid, •Soundproofing, Communication / Connectivity, and Air Conditioning. •Outsource Professional Management to operate & maintain the facilities for Film, Media & Special Events calendars and bookings. •Partnership with Higher Education Omni CRA Miami Entertainment Complex Past Studies Miami -Dade County Commissioned Study by KPMG in 1994 Suggestions/Recommendations/Conclusions • Build 4-8 Sound Stages • Provide office space within film complex • Provide capacity for post -production, film labs, dubbing facilities and special affects facilities • Miami was an ideal place for the industry due to its weather and South Beach allure with available year-round infrastructure support •The Studio development would provide positive local economic impact •Based on the findings, KPPMG recommended that Dade County proceed with planning for studio complex Omni CRA Miami Entertainment Complex MEC Business Plan CRA Mission Job Creation • 100 jobs per film • 2 Studios = potential for 200 • Average salary in the film industry is $75,000 + benefits = $85,500 • Multiplier estimates close to $17 million spent directly into the local economy • List of jobs affected or created can be found in Exhibit A of the Business Plan Eliminate Slum and Blight CRA Commitment to the area 1. NE/NW 14 Street Streetscape Project 2. Firehouse Redevelopment 3. MEC Development Revenue Generator Public/Private Partnership Omni CRA MIAMI ENTERTAINMENT COMPLEX (MEC) STUDIOS REPORT (Business Plan) Dy creating a meed-use IacAay. des Bred b serve both map moves. TV.'no; and Na^+s-ndeerrl•ntl•mmahcrs,the MEC End the ar raunona neighborhood a becaro no local pant in butting ing a creative arts ndhgry that w prondo an economic catalyst into the Tine Tax lucent,. Pro¢am roc ' _ • :• m attract he m owlet to successkdb compote with the othef key tax ncantwe stales it the Inal sie seleclon pnxvss. Mtane must Imva Tare aran a corrtpet. ••,e tax ,ncentve 11 must have producion Iaciilies Ike so.i d stages. eding seas screw,.•.• rooms and p•odu:bcn .:". __ _ In a commercial office spxo market hat a heavily s•anled toward tonggim tenants, Imo o station olftco steeps Is a challvge'or most t•+ns coming to !AWN Having a hrshly skraed boat crow base au ti.. b mcomma ten producnanS rs %tbthat crteaI component for he NEC Tito nacre,. nt craw morchsrs who have to bo imported hum out of stale do not count agansl Ile 'walled spend" t Sed to delerrr-re the amount of the tax awi peen an individual I•1m or tele„__n show. arc :- each person botght in. producers have to poy for or. are I- •' hotel mons and per oem, all ct which add costs 10 4e protect that make Nem loss attrxtvo I«. Now Orleans and Atlanta, car two mapr compeller& rho CAy al Miami and the Ohn CRA are ,n a unique coupon to porido both a physaal purr. _.. •..., •y anti control loadershp in nurturtrlg not only tle map !part re Ida ar1C W sVIS.(n'nnr rS+a�, d1 Muni s non •--4opan dent hen mmmur` • -- xeil. Se/wont-tin- sfgrents of the _..spry rs a erewin. We ,;, %aye seen he oowerhl elect on spasm 'he oral ecoren) horn Ciy's exposure in 'Orr and TV shows. Beyond Mat. there n-e many bcal a'; litre budcng wrtera. drectcrs, producers and odors, who tutu t tnrrve n a Ix l;v what 011100d 3 place b Cmato. colaboratr '^'^ •hnr craft. Executive Summery ON4I - CRA SKILL'S BLDG. Miami Entertainment Complex Revenue Projections MEC Business Plan Revenue Projections •25% Occupancy/Year = $743,625 gross revenues • 50% Occupancy/Year = $ir illion :, .r� ss revenu. •75% Occupancy/Year = $ illion o <<: ss revenues I .e, • 100% Occupancy/Year = illion gross revenuet ',,— i Miami Entertainment Complex Next Steps it. -.ram i ♦ oo-. h , 0 / T"` 9 M N i 0_ ., one *I 4 , v ♦ OP 116...L 4 Y MEC Agenda Item *Allocate $1,087,268 from sale of southern portion •These funds will be used to start the process *Planning • Design • Permitting •Construction *Overall estimated project cost is $10.5 million Omni CRA Miami Entertainment Complex MEC Su • • ort MEC Letters of Support 1. Adrienne Arsht Center- Ken Harris, Director of Operations 2. Camacol-Luciano Garcia, Exec Director 3. G-Star Studios — Greg Haupner, Founder and CEO 4. Rock of Ages -Sam Tedesco, Warner Brothers 5. Burn Notice —Terry Miller, Producer 6. Charlie's Angels —Boris Malden, Producer 7. Ice Palace Studios -Eugene Rodriguez, President 8. Miami World Cinema Center -Patrick DeBokay, CEO 9. Gary Nader Fine Art -Gary Nader 10. Gypsy K - Jeffrey Kluger, President 11. Espacio USA -Diana Mancipe, Manager 12. Crown Media Group -Dan Moroso, CEO Omni CRA f.1..rA M 4flW.r IATTA MIAS Ums 1..4110: Isla Oran.1 Ca. J L4 I --LL= _tan l.r •. wrQ.I wlr 1_ -0 w,.., •A - r-■ mom .1 • w rimr ombril M wA-_w.1r_w a/.rlaa. 6,lpt WWI4— - . Sere._ g.svit Eve rd. "%err err cane Seem////. Os..11.lr_ -_ .__ tad ._ Orr Ow_ I w.-...`... r._a4Nam ..—..,-.... l.....,w. rld temp -... r_r-.Cmnam. w w-r.dm Seer_. .Ulna —Seer-read .._ar Wow. _••... _r rs w we., wed w••r& /Serf an Ow WI. Ow We Irma, /r. s... .—. _.._read. w Ir+►+w+r .—.. ►......r— --~�--r—_.... .Ulm _ r_r...-•_.read r—rredeA-WSW NMI M EN Ser_,-wmar mom �.._ert_ r. w._.r.—r MID winnow .w. .•/.ld. in Sera./= .or addeer—Seer id him liner r Serer— r lam 4._ - �.1r.�..rerr_rOM. ..—r_..•_a Seer +- porn hen .. 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