Te Texas A&M Uni niversi sity y – San An Antonio Senior Housing or Alternative P3 Project
Texas A&M – San Antonio • 10 Year Anniversary this year – 2019 • Among fastest growing universities in Texas • From 2015-2018, enrollment has grown by 45.5% • Fall 2018: 6,640 • Projected by Fall 2022: 10,000+
Key needs • Grow Academic Programs • Enhance on-campus Student Engagement & Student Life • Launch a catalyst for research • Strengthen A&M System in San Antonio • Create Community Centers
Federal Opportunity Zone Legislation • Create P3 projects, that: • Support the University’s strategic plan • Attract institutional investment Funds
Opportunity Zones Texas A&M-SA (700 acres)
Opportunity Zones • 2017 U.S. Tax Reform • Opportunity Zone designations • Incentive for taxpayer investment-some with tax free income • Qualified Opportunity Fund (QOF) • Capital Gains recognized on or before Dec 31, 2019 • Deferred through Dec 31, 2026, tax liability reduced by 15% • Capital Gains recognized on or before Dec 31, 2021 • Deferred through Dec 31, 2026, tax liability reduced by 10% • If Capital Gains held in fund for more that 10 years, no taxes on new capital gains
Why QOFs are important • Incentives for real-estate development • Verano property north of the campus is still undeveloped • The campus has been described as “in a desert” • Few services available locally • Catalyst for private investment in the campus, but limited shelf life • Impetus for development of housing, dining, recreation, athletic, and service needs at an accelerated pace • Research infrastructure enabler
The A&M–SA Campus Original Footprint
Original Campus with Verano Development
A&M-SA Campus Today
The A&M–SA Campus Master Design Jaguar Parkway
P3 Projects • Senior Housing or Alternative • Goal is to build community in an area that has very little • City research shows large senior population that would live in senior-focused housing on Southside if safe, secure, and affordable • We are interested in active living seniors • Should include academic space for interaction with University academic community • A&M-SA has researchers focused on elderly active living 12
CAMPUS: 2019 Jaguar Prkwy Esperanza Hall TAMUSA CAMPUS PLAN Academic / Admin Building, Phase 1 (Under construction)
SENIOR HOUSING INFRASTRUCTURE REQUIREMENTS Jaguar Parkway 10.0 Acres 39.0 Acres TAMUSA CAMPUS PLAN 13.0 Acres Gas Line 1. Extend Jaguar Parkway East to railroad Domestic Water Sanitary Sewer tracks (above in pale blue) Electrical 2. Build new road to East, South and West Natural Gas of development (above in purple) 3. Extend domestic water, sanitary sewer, natural gas and electric to site (to be verified by developer)
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