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  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 Summary of Development Commitments

C A S E S T U D Y

N4 N1 Nellmapius Mamelodi Pretoria Loftus Hazeldean CBD N4 Versfeld Silver Lakes N4 N1 Locality Plan

Stakeholders : Infrastructure N4 N4

Stakeholders: Developers N4 N4

Stakeholders N4 N4 Master Plan Aerial Perspective

Master Plan

FUTURE DEVELOPMENT STATISTICS  Residential  Low Density - 2,651 Dwellings  Medium Density - 197 Dwellings  High Density - 4,654 Dwellings  Retail 162,150 m 2 -  Commercial Offices 589,618 m 2 -  Hospitality - 100 Room  Mixed Use 521,645 m 2 -  Educational 65,366 m 2 -  Hospital - 100 Bed  Motor Retail 59,167 m 2 -  Clean Industries 228,196 m 2 -  Self Storage 16,562 m 2 -  Commercial Offices 589,618 m 2 -  Place of Worship 3,405 m 2 -  TOTAL - 1,686,189 m 2 Future Development Statistics

EXISTING DEVELOPMENT  Residential  Low Density - 126 Dwellings  Medium Density- 454 Dwellings  High Density - 686 Dwellings  Retirement - 550 Dwellings  Retail 16,100 m 2 -  Commercial Offices - 43,000 m 2  Educational 30,300 m 2 - Existing Development Commitments

DEVELOPMENT SUMMARY  Residential Opportunities - 11,000 Dwellings  Developable Floor Area - 1,7 Million m 2  ROD Approved for Entire Development All Rights in Place -  Master plan adopted in 2012 RSDF Approved  Approved Conditions of Establishment (COE) for majority of Development  Earmarked for new Gauteng Rapid Rail station on route from Mamelodi to Midrand Development Summary

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 Total Development Economic Impacts

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 TIF Statistic by Demacon Market Studies – Nov 2014 Rates and Taxes Impact per land use

Infrastructure Roll-out

GAUTENG RAPID RAIL ROLL-OUT HAZELDEAN Gauteng Rapid Rail Roll-out

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 Infrastructure Partnership

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view

Master Plan Conceptual perspective view