Development Update Sponsored By: Aaron Schmidt New Single Family - - PowerPoint PPT Presentation

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Development Update Sponsored By: Aaron Schmidt New Single Family - - PowerPoint PPT Presentation

Sep 14, 2023 322 likes •874 views

Platte County EDC Economic Development Update Sponsored By: Aaron Schmidt New Single Family Housing Update Hunt Midwest 3-6-15 KC Metro 7 County SF Building Permits by Year 4500 4000 3500 3000 2500 2000 1500 1000 500 0 2011 2012

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Platte County EDC Economic Development Update Sponsored By:

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Aaron Schmidt

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New Single Family Housing Update

Hunt Midwest 3-6-15

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SLIDE 4 500 1000 1500 2000 2500 3000 3500 4000 4500 2011 2012 2013 2014

KC Metro 7 County SF Building Permits by Year

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SLIDE 5 2000 4000 6000 8000 10000 12000 14000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

KC Metro 7 County SF Building Permits by Year

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SLIDE 6 200 400 600 800 1000 1200 1400 1600 1800 Cass Clay Jackson Platte Johnson Leavenworth Wyandotte Miami

2014 KC Metro 7 County SF Building Permits

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SLIDE 7 40% 42% 18% 100 200 300 400 500 600 700 800 900 Clay Jackson Platte

2014 Kansas City SF Building Permits by County

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SLIDE 8 200 400 600 800 1000 1200 1400 Lenexa, Olathe, Overland Park and Shawnee Kansas City, North Blue Springs and Lee's Summit

2014 Kansas City SF Building Permits

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2014 KC Northland Residential Permits

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Hunt Midwest Northland Projects

Park Place North Skyview Manor

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Indicators of new growth

  • Continued low mortgage rates
  • General economic growth – better employment and higher wages
  • More job security
  • Reductions in foreclosures and distressed / bank owned homes and lots
  • Local 6.9 month supply for new homes
  • NAHB projecting a 6.6% increase in housing starts for 2015
  • Builder confidence
  • Strong multi-family market
  • 83 Million millennials begin to form households. They represent 25% of the

entire United States population and are a bigger age cohort than baby boomers.

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Councilman Ed Ford

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Twin Creeks KC

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Twin Creeks KC

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Jim Bowers

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Mark VanLoh

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KCI Development Program Process Update

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KCI Terminal Discussion Timeline

  • 1995 Airport Master Plan-new terminal discussions/designs
  • 1999 $259 million dollar remodel program instead, completed in

2004

  • 2008 Airport Master Plan-new terminal discussions/designs-City

Council approved plan but no further action

  • 2013 Airport Terminal Master Plan-(kitchen sink plan)- City

Council approved plan, requested further information, additional airline consultation

  • 2014 Exhibit K document approved with airlines to further study

terminal project

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KC Star-Sunday, July 29 ,2007

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History & Introduction

Airport Terminal Advisory Group & Public Input Council Resolution: Exhibit K

Use & Lease Negotiations

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Program Goals

Improving KCI

Customer Convenience Affordability Technology Balance Flexibility Efficiency

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Exhibit K: Planning Process

Traffic Forecasts

Complete Sept. 2014

Facility Requirements

Work in Progress

Alternatives

Work in Progress

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Progress to Date

  • 11 Leadership Committee Meetings
  • 6 Airline-Airport Workshops

Meetings & Workshops

  • AvAirPros, PGAL Architects
  • LeighFisher
  • Landrum & Brown, and other technical experts

Technical Consultants

  • Data-Driven
  • Traffic Increases Consistent with Industry Metrics

Traffic Forecast

  • Financial Modeling
  • Bond Credit Rating Upgrade

Finance

  • Airline & Airport Input: facility requirements & operations

Facilities

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Forecast Process

Airline Input

Confidential interviews conducted in-person. Conference calls and correspondence.

City-Pairs

Analyzed city-pair markets based on airline input on service to existing and new destinations to prepare forecasted schedules.

Operations

Derived Avg. Day Peak Month (ADPM) passenger airline aircraft operations based on forecasted schedules and aircraft fleets.

Passengers

Derived Avg. Day Peak Month (ADPM) passengers based on forecasted schedules and load factors.

Annual Demand

Derived annual passenger airline activity in 2025 and 2030 based on forecasted schedules.

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Airport Funding

KCI Improvements are Funded by Airlines & Travelers

  • City tax revenues do not, and will not, pay for airport operations,

maintenance & capital projects.

Airport Fees & Charges Stay at KCI

  • Federal law prohibits diverting airport fees & charges for other City

purposes.

Airport Revenue Bonds

  • Bonds are secured only by airport fees & charges, passenger facility

charges & federal grants—not by taxpayers.

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If you don’t use the airport, you don’t pay for the airport!

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Mike Duffy

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Rosemary Salerno

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Plans for the next 10 years (and beyond) are happening!

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formerly MPI

Partnered with Steiner + Associates since opening Took over Town Center property management in 2010

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How do we continue to solidify Zona Rosa’s Northland market relevance?

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Develop the remaining land on the 93-acre property.

Land available for major boxes (40,000 s.f. +)

Currently having conversations with several new-to-the-Northland retailers including another department store/organic grocery store.

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Pre-approved hotel pad on the west side of the property

Actively engaged in conversations with various hotel groups to develop the site

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Pad on Barry Road – what opportunities exist?

Available for sale | Develop ourselves for a single or multi-tenant building

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Entertainment is a key focus and we are strategizing

  • pportunities for the former movie theater space

(family oriented entertainment concepts), as well as the outparcel pads. 160,000 s.f. of recent lease renewals

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Loss of 40,000+ s.f. with Grantham University’s move to Kansas last year Two new office tenants:

Gentiva Home Health & Panther Premium Logistics

Class A Office Space – LEASING NOW!

Office Space

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Q Hot Pot

new Japanese Fondue and Asian tapas bar

Francesca’s

ladies apparel and accessories

*New Restaurant*

Former Tomfooleries space Part of a 10 restaurant chain New to the market (regional operator) Great brand + offering not currently available at Zona Rosa.

Coming Soon

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100,000,000+ visitors since opening day!

(Awarded over $1,000,000 charitable dollars through parking meter program)

10 million+ visitors annually shopping in Platte County

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TIM KRISTL

MKL

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Platte City Potential

P.C.’s 80 acres

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Q & A