C A T A L Y T I C L A N D D E V E L O P M E N T : T a x I n c r e - - PowerPoint PPT Presentation

C A T A L Y T I C L A N D D E V E L O P M E N T : T a x I n c r e m e n t F u n d i n g ( T I F ) P r o p o s a l

Summary of Development Commitments

SUMMARY OF DEVELOPMENT COMMITMENTS

 Soshanguve

• R 1,8 Billion

 Centurion Junction

• R 700 Million

 Westend Office Park

• R 800 Million

 Riverside Office Park

• R 500 Million

 Wonderboom Junction - R 1,2 Billion  Loftus Park

• R 1,2 Billion

 Hatfield Central

• R 1,5 Billion

 Willows Office Park

• R 60 Million

 Hazeldean Node

• R 44 Billion

 Hazeldean Office Park

• R 400 Million

 Hazeldean Square

• R 300 Million

 Hillcrest Node

• R 650 Million

 Total

• R 53,11 Billion

C A S E S T U D Y

Locality Plan

N4

N1 N1

N4 Loftus Versfeld

Mamelodi Silver Lakes Pretoria CBD

N4

Hazeldean Nellmapius

Stakeholders : Infrastructure

N4 N4

Stakeholders: Developers

N4 N4

Master Plan Aerial Perspective

Stakeholders

N4 N4

Master Plan

Future Development Statistics

FUTURE DEVELOPMENT STATISTICS

 Residential  Low Density

• 2,651 Dwellings

 Medium Density

• 197 Dwellings

 High Density

• 4,654 Dwellings

 Retail

• 162,150 m2

 Commercial Offices

• 589,618 m2

 Hospitality

• 100 Room

 Mixed Use

• 521,645 m2

 Educational

• 65,366 m2

 Hospital

• 100 Bed

 Motor Retail

• 59,167 m2

 Clean Industries

• 228,196 m2

 Self Storage

• 16,562 m2

 Commercial Offices

• 589,618 m2

 Place of Worship

• 3,405 m2

 TOTAL - 1,686,189 m2

Existing Development Commitments

EXISTING DEVELOPMENT

 Residential  Low Density

• 126 Dwellings

 Medium Density- 454 Dwellings  High Density

• 686 Dwellings

 Retirement

• 550 Dwellings

 Retail

• 16,100 m2

 Commercial Offices - 43,000 m2  Educational

• 30,300 m2

Development Summary

DEVELOPMENT SUMMARY

 Residential Opportunities

• 11,000 Dwellings

 Developable Floor Area

• 1,7 Million m2

 ROD Approved for Entire Development  Master plan adopted in 2012 RSDF  Approved Conditions of Establishment (COE) for majority of Development  Earmarked for new Gauteng Rapid Rail station on route from Mamelodi to Midrand

All Rights in Place - Approved

Total Development Economic Impacts

TOTAL DEVELOPMENT ECONOMIC IMPACTS

 Job Creation  During Construction Phase

• 239,700 Jobs

 Long term Sustainability Phase

• 177,520 Jobs

 GGP (Gross Geographic Product)  Construction Phase

• R 149 Billion

 Sustainability Phase

• R 138 Billion

Statistic by Demacon Market Studies – Nov 2014

Rates and Taxes Impact per land use

RATES & TAXES IMPACT PER LAND USE

 Total Capital Investment

• R 44,2 Billion

 Total Annual Rates and Taxes- R 400 Million  Residential

• 12,8%

 Non-Residential Uses

• 87,2%

Rates and Taxes on presently completed portion =

±R20 Million

Statistic by Demacon Market Studies – Nov 2014

TIF

Infrastructure Roll-out

Gauteng Rapid Rail Roll-out

GAUTENG RAPID RAIL ROLL-OUT

HAZELDEAN

Infrastructure Partnership

INFRASTRUCTURE PARTNERSHIP

 Proposed Funding Structure for Infrastructure Roll-out to connect Mamelodi, Hazeldean and surrounding areas.  Hazeldean as a catalyst for Infrastructure Improvement.  Infrastructure Funding requirement totals approx. R 1,4 Billion  Funding model has been structured, financially and legally (CDH + GT)  Funding model based on Existing & Newly Created Rates Base  Abland requests the City of Tshwane to facilitate implementation  Abland willing to be the Implementing Agent (Steyn City example)  Third party (e.g. World Bank / Treasury) can fund Council (Ring fenced)  Council guarantees for Council Infrastructure

TIF

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view