Reid Henry President and CEO @cspaceprojects balancing the social - PowerPoint PPT Presentation

Reid Henry President and CEO @cspaceprojects

balancing the social enterprise ‘iron triangle’ Our mission is to connect creative people and ideas through places that ignite community, collaboration and change.

co-creating value among public, private + nonprofit sectors

balancing the social enterprise ‘iron triangle’ Property Development Hub Management

business #1 – property development A sustainable portfolio A restored and A unique incubator for of creative spaces celebrated 1912 creative sandstone school entrepreneurship that fuel collaboration and connectivity across Calgary’s held in the public trust as a delivering networking, training and communities of artists, social community gathering place with mentorship to support viable and entrepreneurs and non-profits creativity and sustainability at its impactful careers core

business #1 – property development ENVISIO FEASIBILI OPE DESIGN BUILD N TY N The Capital BUILDING/SITE Project DEVELOPMENT IDEA COMMUNICATIONS STAKEHOLDER RELATIONS The FUNDRAISING Capital MOMENTUM Campaign TIME

business #1 – property development

building momentum through the capital funding stack 31.8% SURPLUS LAND SALES 25.8% OTHER $9.5m for two parcels of residential CONTRIBUTED 15.8% PROVINCE OF $2.28m corporate & individual philanthropy ALBERTA $4.55m gap to complete the west wing $4.65m grant 17.6% CITY OF CALGARY $5m grant for land purchase $170k for park contribution 9.0% THE CALGARY FOUNDATION $2.63m grant for land purchase* $8m bridge financing** * $427k grant to operating pre-construction not incl. in capital ** $642k loan interest back to Foundation over 5 year term

business #2 – hub management 39% long term leases to non-profits & artists Below market lease rates (60% of Class B rates) Capped common area factor 42% theatre/event rental Tenant/Member – Corporate rates Highly flexible/convertible space 14% cowork & hotdesking Hourly – daily – weekly – monthly 5% exhibition & meeting room rental Hourly – daily – weekly

CALGARY HERALD – May 13, 2015 Dale Ens, Chair – The Calgary Foundation “We have as our purpose to build a great city,” he said. “To our mind, this project fulfils that mandate.” Ens also quoted Newfoundland philanthropist Zita Cobb, whom he heard speak at a community-building conference over the weekend, who said something that resonated with him. “The world is suffering from a plague of sameness that kills joy,” he said. “What you see behind us is the exact opposite of that which kills joy,” he said. “I couldn’t believe in that (more). This is a wellspring of art. This is a wellspring of community and it will become a showcase for the city of

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