The URL can be used to link to this page

Home My WebLink AboutSS2 - ExplorOcean0 ± IN is mi l� l... J explar4cean NEWPORT HARBOR NAUTICAL MUSEUM Our Mission Statement ExplorOcean /Newport Harbor Nautical Museum is dedicated to sharing the adventure, history and natural wonders of the sea through fun and entertaining multi- sensory exhibitions, science -based educational programs, and enriching cultural events. 2 Newport Beach: Then Newport Harbor 1933 1 .10 Ipw f y �� • • 4m t low ~ Renovation A Y. y LAI Resort at Pelican Hill 2008 5 r�r�� n rMelr itti��Ar��rno IN Jill manna 7n 1"004L 0 Ab 401 aft in *OR m •1011111!t# 1 r •A.IP Newport Beach Civic Center Our Expert Partners GUMMING LPAlv w ow „ w ►. .... AI III I THE HETTEMA GROUP A=C'OM e�lnr cean NEWPORT HARBOR NAUTICAL MUSEUM Community and Economic Benefits Study M-Num Cultural Institutions Bring: Economic Benefits Social Benefits Educational Benefits Community Revitalization 10 Quality of Life and Community Benefits Economic Benefits • Regional Competitiveness — Attract and retain major industry employers and industry leaders. • Residential Benefit — Enhance property values. • Traditional Economic Impacts — $166.2 billion generated in economic activity annually nationwide. A=COM 11 Quality of Life and Community Benefits Social benefits • Create a sense of place • Preserve cultural heritage • Promote civic engagement • Support quality leisure time and entertainment • Promote volunteerism Educational Benefits • Extension of school curriculum • Professional development • Research and sustainability a=COM 12 Quality of Life and Community Benefits Community Revitalization • ExplorOcean is a dynamic catalytic project leading the way for community revitalization. • ExplorOcean meets the brand promise of the Citizens Advisory Panel for Balboa Village Fun Zone. a� 13 Community Revitalization: One Tool r t Arts funding per capita Arts budget as % of total AXOM 14 Perhaps Newport Beach should explore creating a cultural funding mechanism Here's Why... 15 Arts Funding per Capita City Walnut Creek, CA Laguna Beach, CA Palo Alto, CA Durham, NC Santa Monica, CA Charleston, SC Irvine, CA San Francisco, CA Santa Ana, CA New Bedford, MA Santa Barbara, CA Monterey, CA San Diego, CA Savannah, GA Bellevue, WA Seattle, WA Huntington Beach, CA Newport Beach, CA Total City Budget (FY 2011 -12) $62,7409000 $229850,000 $14693609000 $38311109000 $58397009000 $160,320,000 $136,080,000 $61809,710,000 $4599360,000 $276,400,000 $24658879000 $949855,000 $295879270,000 $2829940,000 $1,150,000,000 $35900,000,000 $3129200,000 $24298809000 Total Budget per Capita $1,000 $1,000 $2,500 $2,000 $6,500 $1,500 $600 $8,500 $1,500 $3,000 $3,000 $3,500 $2,000 $2,000 $9,500 $6,500 $1,600 $3,000 Arts Budget per Capita $120 $61 $69 $23 $76 $14 $6 $52 $6 $11 $10 $10 $6 $6 $19 $12 $2 $2 AXOM 16 Arts Budget as a Percentage of Total Total City Budget City (FY 2011 -12) Walnut Creek, CA Laguna Beach, CA Palo Alto, CA Durham, NC Santa Monica, CA Charleston, SC Irvine, CA San Francisco, CA Santa Ana, CA New Bedford, MA Santa Barbara, CA Monterey, CA San Diego, CA Savannah, GA Bellevue, WA Seattle, WA Huntington Beach, CA Newport Beach, CA Naples, FL $62,740,000 $22,850,000 $146,360,000 $383,110,000 $5839700,000 $160,320,000 $136,080,000 $6,8099710,000 $4599360,000 $2769400,000 $2469887,000 $949855,000 $2,5879270,000 $2829940,000 $1,150,000,000 $319009000,000 $312,200,000 $242,880,000 $1089101,000 Arts Budget $7,725,000 $1,465,000 $4,417,000 $5,382,000 $6,800,000 $1,668,000 $1,285,000 $4270005000 $1,810,000 $1,005,000 $848,000 $276,000 $7,292,000 $767,000 $2,305,000 $7,373,000 $400,000 $175,000 $42,000 % Arts of Total 12.30% 6.40% 3.00% 1.40% 1.20% 1.00% 0.90% 0.60% 0.40% 0.40% 0.30% 0.30% 0.30% 0.30% 0.20% 0.20% 0.10% 0.10% 0.04% A=COM 17 Municipal Funding Solutions • General Funds • TOT - Transient Occupancy Tax • Sales Tax • Developer Fees • Municipal Bonds • Admission Tax • Room Assessment I Economic Impact Overview • Construction • Permits & Fees • Jobs • ExplorOcean Operations • Off -Site Visitor Expenditures • Jobs a-a� Our Investmentin Balboa Villaae Facility Costs (Phase 1) Programming Costs Contingency Total Project Cost: -, - r $28 M $45 M 7M CUMMINGI AECOM Kev Findinas Orange County is underserved by cultural facilities. ExplorOcean is a catalytic project for the revitalization of Balboa Village Fun Zone. A strong concept attracting up to 2,000 visitors per day in the summer. AXOM 21 AECOM Kev Findings Continued • Earned income ratio of 70% will be well above industry averages. • Hotels, retail, and restaurants will benefit from this influx of visitors and residents. • Attendance will be split evenly between residents and existing visitors to the Balboa Village Fun Zone. AXOM 22 Annual Impact Attendance Resident Market 134,000 Overnight Leisure Tourist 127,000 Total Annual Visitors 261,000 Ex enditures Off -site Orange County City of Newport Beach Source: ESRI, Visit Newport Beach, Horizon Consumer Science, Anaheim /Orange County CVB, CIC Research, Smith Travel Research and AECOM $4.2 M $3.9 M 23 Economic Impacts Orange County Wages Jobs $7.8M WON Newoort Beach $4.6M 117 Source:IMPLAN AEL� Annual Direct Fiscal Benefit Estimate: City and Count Tax Total Revenue Sales Tax $549,410 TOT $9369200 County Revenue $13,735 N/A City Revenue $54,941 $93,620 Total: $654347300 $137735 $148,561 AECOM 11 J Palm Street Parking Lot 26 Convenient Parkin • Based on the attendance potential, AECOM analyzed the number of parking spaces required to accommodate visitors, employees, and groups. • AECOM estimates that 300 new immediately adjacent parking spaces will be required. AXOM 27 Parking Solutions ➢ Automated parking structure ➢ Joint use agreements (restaurants, retail, and theater) ➢ Parking Management Plan (wayfaring, tiered rates, and resident parking passes, etc.) ➢ Off -site lot with shuttle buses during peak season or major events ➢ Valet service during major events ➢ Utilization of guest dock for Duffy's and /or water taxi W IM ex for c.an P NEWPORT HARBOR NAUTICAL MUSEUM Current Status - Completed ➢ Programming — 25,000 sq. ft. exhibit space ➢ Conceptual building design ➢ Preliminary cost estimates ➢ Market & Financial Analysis Report ➢ Community & Economic Benefits Report ➢ Capital Campaign Department formed ➢ New boardwalk attractions 29 Ocean Motion investing in the Fun Zone 311 Project Schedule Soils Testing and Site Survey 2 months Summer 2012 Recruit Capital Campaign Leadership Board 3 months Summer - Early Fall 2012 Fundraising 52 months Aug. 2012 - Nov. 2016 Schematic Design 6 months Jan. 2013 - June 2013 Environmental Studies 3 months Spring 2013 Entitlement Process City Planning and Council 6 months June 2013 - Nov. 2013 Coastal Commission 12 months Jan. 2014 - Dec. 2014 31 Project Schedule Continued Design Development 4 months Jan. 2015 —April 2015 Construction Documents 4 months May 2015 — Aug. 2015 Plan Check 5 months Sept. 2015 — Dec. 2015 Begin Construction 18 months Early 2016 — Summer 2017 Installation of Exhibits / Attractions 4 months Summer - Fall 2017 Training / Testing & Commissioning 1 month Late Fall 2017 Soft Opening 3 months Late Fall 2017 Grand Opening EARLY 2018 32 Our Commitment ➢ Built ExplorOcean Preview Center on= site. To date 15,000 visitors. ➢89% of visitors provided a positive response to the project in the comment cards. ➢ Over 40 community events and presentations have been completed with more calendared. 33 In Summary Three Key Points: *Professional due diligence •Commitment to a 5 -year plan •Compelling story for the City to invest in public improvements in the Balboa Village Fun Zone 0 ex for ceugn A NEWPORT HARBOR NAUTICAL MUSEUM Inspire a New Wave of Ocean Exploration and Discovery! 35 .�1 A LP1� 35 1.11.1' 1 ■ r i I WL 14M I � 1 ti 6. IA ot! tL1 1 INt '` If r I