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Home My WebLink AboutCRA-R-16-0026 Submittal-Javier Fernandez-PresentationMDM Clerk of the Board /(0-00014- Subrn-La"( Pr, 0r� MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER WHAT WE PROPOSE Building the $750 million, 1,700 room Marriott Marquis Miami Hotel & Convention Center that is comprised of two phases including : Phase 1: o 1,100 room hotel rooms o 600,000 sq. ft. expo center inclusive of 350,000 sq. ft. of public space and the remainder hotel operations Phase 2: o 600 additional hotel rooms Submitted into the public record in connection with Item on3-3O--1(v Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER WHAT WE PROPOSE • Will create 850 average annual construction jobs • 1350+ permanent employment opportunities with local hiring requirements • Induced demand for 2,500 additional hotel rooms that are within a five minute walk or ride • Induced demand for 4293 permanent jobs, including opportunities for new, small, and minority subcontractors, business vendors, and demand for new business development in the surrounding area with an economic impact of $452 million • Will make Overtown the epicenter for large scale national and international conventions Submitted into the public record in connection with Item' on3 -C'ico Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER WHERE WE PROPOSE IT Ove rtow n MetroRail Station Ferguson Metromover N Miami Avenue PROPOSED EXPO SITE Cruise Port Miami Dade College Submitted into the public record in connection with Item on 3-_gy0-I Co Todd B. Hannon Clerk of the Board Soccer Stadium (proposed) Airport American Airlines Arena 8th Street Corridor OVE RTOW N Brightline Rail Miami Worldcenter Performing Arts Center Museum Park MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER WHY MDM? Submitted into the public record in connection with Item on 3--3b-1 (a Todd B. Hannon Clerk of the Board MDM is a Community Stakeholder • Principals are life-long Miami residents • MDM has been building and operating hotels for nearly 30 years • MDM creates mixed use pedestrian neighborhoods, places like Dadeland Datran Center, Brickell Financial District and Dowtown Miami with it's (Met 1, Met 2, Met 3 & Met Square) • Currently, our Employees are: 95% from Miami -Dade County 20% from zip codes targeted by City and County 11% of are African -American 13 of MDM's employees are from Overtown • MDM works with local institutions and partners to become a part of every community which it invests in • We purposely create demand and encourage surrounding developments in our redevelopment areas to bringing staff, guests, pedestrians, new businesses and retail and services to renewed dynamic of pedestrian life • For this reason alone, our Principals were awarded Lifetime Achievement Awards by the Urban Land Institute this last fall Ir410 e it MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER WHO WILL HELP US: COMMUNITY PARTNERS #CareerSource I", SOUTH FLORIDA OVERTOWN children & youth coalition Ooodwill South Florida Submitted into the public record in connection with Item Ion 3-30-1 o Todd B. Hannon Clerk of the Board k rk\ii lj» Dade (:rollegc Maui Inemadonal xd;tycaas MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER - WHAT ARE WE ASKING & WHAT ARE THE BENEFITS? • To capture 75 percent of the of future incremental TIF (excluding any future increase of the value of the land) for a net benefit to the project of approximately $42.3 million (or at 65 percent of the future TIF $34 million) • The request assumes the extension of the CRA from 2030 to 2042 to meet the ultimate goals of the CRA in addition to benefit this project, it will address the crucial needs including: • Affordable Housing • Work force training and development • Child care and youth services • In addition MDM is committed to building a privately owned state of the art facility, that will ultimately improve the quality of life for residents, and that will generate induced demand for: • At least 1,350 careers with local hiring preferences • Quality wage and well -crafted benefits as well as • Grow personal careers while enhancing family stability and security • Build and support local institutions • Opportunities for new and locally owned and operated businesses, subcontractors and vendors • New business opportunities, jobs & careers for our neighbors • And ultimately support the redevelopment of an Overtown community that: • is historically significant, culturally rich • has Sidewalks and streets that are safe • has a Pedestrian friendly neighborhood • and that is Economically vibrant Submitted into the public record in connection with Item on Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER VENDORS 5. REFERRAL OPPORTUNITIES: PRIVATE CONTRACTORS & SMALL BUSINESS CONVENTION CLIENTS Set Ups- Take Downs Chairs & Tables Movement / Maintenance / Storage Vacuuming Cleaning Painting Tents & Temp Structures Truck Marshalling Truck Security Trade Support Entertainers Models Guides (Groups) Printing Food / Beverage Kiosks Business Center Floral Submitted into the public record in connection with Item '_ on 3 -3O- 10 Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER SELF-EMPLOYED & VENDORS 5, REFERRAL OPPORTUNITIES: PRIVATE CONTRACTORS & SMALL BUSINESS ROOM GUESTS Hair Care/ Manicure/Pedicure/Make-Up Food Delivery/ Pick -Up / Delivery Services Dry Cleaning Child Care/Babysitters Pet Care/Pet Grooming/Dog Walkers Trainer Guides Translators On -Call Medical Dental Emergencies Rehabilitation Nurses (post surgical) Floral Auto Services Taxi/Uber Repair Cleaning Towing Fueling Busing Submitted into the public record in connection with Item `I on 3-30-Ib Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER NEIGHBORHOOD STOREFRONTS 6. OFF SITE NEIGHBORHOOD RETAIL/SERVICES STOREFRONT S - OPPORTUNITIES Child Care Beauty Shops Car Rental Alternative Vehicle Rental (Hourly) Alternative Transit Options/Rickshaws Bike Rental Travel Agencies Dining/Take-out Restaurants Bars/Cafes Boutique Hotels Entertainment venues Coffee Shops Bakeries Gym Retail Gift & Apparel Banking Drugstore/Prescriptions Florist Submitted into the public record in connection with Item on 3-3D-ICa Todd B. Hannon Clerk of the Board MDM Thank you and we look forward to being part of your community! Submitted into the public record in connection with Item on 3 3D lb Todd B. Hannon Clerk of the Board MARRIOTT MARQUIS MIAMI CONVENTION & EXPO CENTER