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

• f creative spaces

that fuel collaboration and connectivity across Calgary’s communities of artists, social entrepreneurs and non-profits

A unique incubator for creative entrepreneurship

delivering networking, training and mentorship to support viable and impactful careers

A restored and celebrated 1912 sandstone school

held in the public trust as a community gathering place with creativity and sustainability at its core

FEASIBILI TY DESIGN BUILD OPE N ENVISIO N

The Capital Project The Capital Campaign

IDEA

BUILDING/SITE DEVELOPMENT COMMUNICATIONS STAKEHOLDER RELATIONS FUNDRAISING

MOMENTUM TIME

business #1 – property development

business #1 – property development

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

17.6% CITY OF CALGARY

$5m grant for land purchase $170k for park contribution

31.8% SURPLUS LAND SALES

$9.5m for two parcels of residential

15.8% PROVINCE OF ALBERTA

$4.65m grant

25.8% OTHER CONTRIBUTED

$2.28m corporate & individual philanthropy $4.55m gap to complete the west wing

building momentum through the capital funding stack

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

• f sameness that kills joy,” he said.

“What you see behind us is the exact

• pposite 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

@cspaceprojects