HomeMy WebLinkAbout17 - Donation Agreement with Crystal Cove Conservancy for Cottage Restoration - HandoutCONSERVANCY
Received After Agenda PrintO's
August 14, 2018
Item No. 17
Preserve the past.
Inspire the future.
A Heritage Legacy Project for California
Phase III North Beach Restoration Capital Campaign
Crystal Cove Conservancy's capstone restoration project is a
dedicated campaign focused on completing the restoration and
conservation of Crystal Cove's National Register Historic District
and expanding public access to Crystal Cove's North Beach. The
cost of the Phase III North Beach Restoration Capital Campaign is
$35 million.
Through this campaign, Crystal Cove Conservancy will:
• Restore full, public access to the beach and state park,
including North Beach
• Preserve Crystal Cove Historic District, a nationally
registered historic place, for the education and enjoyment
of visitors and future environmental stewards.
• Renovate and reopen to the public the remaining 17 historic
lk-
cottages, update infrastructure, and improve accessibility.
Develop coastal engineering programs and provide an
overnight lodging facility for student education.
Protect the natural environment, which fosters our mission
and supports our vision of a fully restored and sustainable
Crystal Cove.
Enhance the quality, availability, and sustainability of
educational programs and outreach to all park visitors.
Mission
Crystal Cove Conservancy is the
nonprofit public benefit partner to
Crystal Cove State Park, employing
a social enterprise model to fund
important preservation, conservation,
and education initiatives that will
cultivate our planet's next generation
of environmental stewards, ensuring
that Crystal Cove lives on for
generations to come.
Vision
Our collective vision for the future is a
fully restored and sustainable Crystal
Cove State Park advancing education to
inspire generations to come.
Tax Deductible Donations
Pledges
Planned Gifts
Endowment Opportunities
A donor recognition plan available for
gifts at $25k & above.
Rev. 8/1/18
On March 8, 2017 Coastal Commission granted approval for our Coastal
Development Permit:
17 remaining Cottages on the North Beach of the Historic District
approved for restoration
22 historic and affordable overnight rentals will be available
24,000 additional annual rental opportunities, doubling the occupancy at
Crystal Cove
Create a financially sustainable Crystal Cove State Park - dollars no longer
needed from the State's General Fund
Coastal Commission's approval granted $1 million for an education
endowment:
Build a Coastal Engineering Program focused on sea level rise, coastal
erosion, and water quality concepts and lessons
Provide students with a 2 -night stay in Cottage #20 and conduct
experiments in Crystal Cove's outdoor classroom
Partner with University of California Irvine's Samueli School of
Engineering to provide curriculum and lesson plans
Timeline:
Construction will take 5 years from start due to the site complexity and
sensitivity
Construction will be managed and administered by Crystal Cove
Conservancy and Crystal Cove Management Company
Construction will take place in two phases: Infrastructure then cottage
restoration of the 17 unique structures.
North Beach Restoration
Project Budget
Infrastructure $17,750,000
Includes: Complete site work preparation
utilities and sewage lift station, bluff
stabilization, and 650 foot boardwalk and public
access service path.
Historic Restoration $16,000,000
Includes: Seventeen (17) individual and unique
structures (22 rental units), cottage
foundations, re -wiring and building to code,
period appropriate furnishings, and Secretary
of Interior restoration practices.
Educational Endowment $1,000,000
(Achieved)
Campaign Costs $250,000
Includes: The Conservancy's cost to run the
capital campaign for five years ($50,000/year)
Total Project Goal
$35,000,000
Early Commitments
$8,000,000
Anticipated Credits
$4,000,000
Campaign Goal
$23,000,000
#5 Crystal Cove, Newport Coast, CA 92657 For Additional Information, contact: 1606
949.376.6200 crystalcove.org Laura Davick laura@crystalcove.org 949.887.0062 (AVAI
Alix Dunn alix@crystalcove.org 310.625.2322
C O N S E R V A N C Y