City of Greater Sudbury Greater Sudbury Event Centre Site Evaluation. June 2017

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1 City of Greter Sudury Greter Sudury Event Centre Site Evlution

2 Bkground The Event Centre Site Evlution Tem inluded the Speil Advisor to the CAO,, HDR CEI Arhiteture nd the following City Deprtments: Eonomi Development Plnning Engineering Rel Estte Tehnil expertise ws lso provided y other City deprtments, s well s y third prty onsultnts retined to provide ommentry on speifi mtters, inluding: Terrproe (for ntiipted geotehnil / soil hrteristis nd foundtion system onstrutility); nd WSP / MMM Group (trffi opertionl ssessment nd identifition nd osting of resultnt mitigting mesures, if ny). 1

3 Initil Assessment of Potentil Sites 23 individul sites / site onfigurtions were initilly reviewed y the ECSET These sites onsisted of properties whih re lredy owned y the City, re privtely owned sites where the owner of tht property hd previously expressed n interest in utilizing their site for the Event Centre, or re privtely owned sites whih re urrently vnt nd would e of suffiient size to house 5,800-set Event Centre. Eh site ws initilly reviewed sed on numer of riteri, inluding: Site size nd dimensions Proximity to prking Proximity to rteril rods Proximity to muniipl servies Suitle soils / topogrphy 2

4 Initil Assessment of Potentil Sites MIs Drive Site, 19.2 re site on the north side of MIs Drive, west of Old Burwsh Rod, djoining the Southridge Mll Algonquin Rod Site, 22 re site loted on the north side of proposed new rod (Remington Street) etween Regent Street nd Algonquin Rod Kingswy / Jk Nihols Business nd Innovtion Prk, re site fronting long the north side of the Kingswy, immeditely west of Levesque Street Downtown Site, n pproximte 3.5 re lok ounded y Brdy Street to the north, Minto Street to the west, Vn Horne to the south nd Shughnessy Street to the est MIs Drive Site Kingswy Site Algonquin Rod Site Downtown Site 3

5 Site Evlution Criteri SITE EVALUATION MATRIX My 15, Vision 9.50% Will the development of n SEC on this site e seen y Greter Sudury residents s pproprite? Does n SEC on this site reflet the City s vision nd City s Offiil Pln? Will this development stimulte future growth / expnsion onsistent with the City s vision? 2 Complimentry Benefits 12.00% d d Will the surrounding neighourhood / re e positively impted y this development? Cn this site support the development / expnsion of ommerilly vile event / entertinment preint? Will this projet dvne existing infrstruture expnsion or improvement plns? Does development strike n pproprite lne etween puli nd privte setor enefits? Are there dditionl enefits not neessrily ssoited with entertinment / event tivity? 3 Ese of Development 12.00% d Is the site well-servied nd n existing serviing hndled the dded requirements of n SEC? Cn development move quikly nd void prolonged due diligene or pprovl proess? Are there site development issues tht would extend the design / onstrution proess or dely the projet? Are there signifint geotehnil, topogrphi r environmentl issues with the site speifilly for n SEC? 4 Aess 12.00% d e Does the site hve esy vehiulr ess nd egress for event setup? Does the site hve pproprite vehiulr ess nd egress for spettors t events? Does trnsit urrently servie the site nd/or would servie e provided? Cn trnsit redue r dependent trvel to this site? Is this site essile y ptrons wlking to the event (hotel, resturnts, et.)? 5 Prking 15.00% d Is there the potentil for dequte prking on or ner the site? Is there existing prking in the re tht n e used for events? Does the event entre prking lso effetively support other uses during non-event dys? Is there pproprite spe for event loding/using? 6 Cost Impt 15.00% d Is there ost premium for developing the spettor omponent on this site? Is there ost premium for overll site development? Are there funding opportunities ssoited with the development of this site? Are there prtnering opportunities ssoited with the development of this site? 7 Eonomi Impt 15.00% Does the development of this site hve positive eonomi impt on the surrounding re? Would this site eome n entertinment/event destintion? Is this site positively impted y the existing surrounding development? 8 City-uilding 9.50% Does the development on this site enhne the profile of Greter Sudury s destintion? Would the development of this site enhne the qulity of life for the ommunity? Would the development s envisioned foster pride y the residents of Greter Sudury? T OT AL SCORE % 4

6 Site Evlution Kingswy Site Advntges Signed Option Agreement Aility to ommodte suffiient on-site prking Lowest ost to develop, onsidering site quisition, site preprtion nd off-site improvements (slightly lower thn Downtown) Property eing plnned nd tively promoted s n entertinment distrit entred round the Event Centre nd sino Property hs the potentil to onvey the gretest long-term enefits ssuming the entire development is relized While not gurnteeing the lrger property s full uild out, the owner hs greed to py finnil penlty if they fil to use resonle efforts to effet the sustntil development of the site 27 5

7 Site Evlution Kingswy Site Disdvntges Site requires rezoning Site requires signifint lsting nd grding Property is loted in proximity to the Sudury Lndfill Fility While offering longer-term eonomi potentil, the development of the property is not gurnteed nd will e sujet to future rel estte nd finnil investment deisions 6

8 Site Evlution Downtown Site Advntges Signed Option Agreements llowing for suffiiently sized size on whih to uild the Event Centre Site is zoned nd n ommene onstrution immeditely Seletion would support $1.5 million ontriution from the Downtown Sudury BIA Provides the gretest ility to relize omplimentry enefits nd positive eonomi enefits in the short to medium term Lotion supports the City s vision nd ity uilding diretives s ontined in its Offiil Pln 7

9 Site Evlution Downtown Site Disdvntges Conluded Option Agreements with lnd owners in the southern portion of the lok net yet in ple nd ould dd delys if the entire lok is desired While some 3,000 prking spes exist with n 10-minute wlk of the site, the lotion of this prking is not generlly viewed s onvenient Site will require miro-pilings to enle the Event Centre to e uilt 8

10 Site Evlution Cost Summry MIs Drive Algonquin Rod Kingswy Downtown Lnd, Site Development nd Off-Site Improvements $30.0 million to $35.0 million $30.0 million to $35.0 million $15.0 million to $20.0 million $15.0 million to $20.0 million Fility Development Costs* $80.0 million $80.0 million $80.0 million $80.0 million Totl $110.7 million $111.3 million $98.3 million $99.6 million * Beuse of the wy the ost to onstrut the Event Centre hd previously een estimted in s Mrh 2017 report (sed on totl development osts of other Event Centres), nd euse of the wy on-site nd off-site osts hve een lulted s prt of this Site Evlution Report, it is possile tht there hs een some doule ounting of osts, therey lowering the Event Centre s ost of onstrution (the $80.0 million figure). 9

11 Site Evlution Overll Summry Criteri MIs Algonquin Kingswy Downtown Prking Cost Impt Eonomi Impt Complimentry Benefits Ese of Development Aess Vision City Building Of Highest Importne Extremely Importnt Highest nd Extremely Importnt Importnt Comined

12 Reommendtion In onsidertion of the individul nd reltive rnkings of eh site ginst the site evlution riteri, the reommended lotion for the Event Centre is the Downtown Site: It sored highest in ll tegories exept Prking nd Cost (where its totl estimted ost is estimted to e only mrginlly higher thn the Kingswy Site). In ddition, it sored highest in terms of eonomi development, ess, ese of development nd its ility to delivery omplimentry enefits. Finlly, it is onluded to e est le to support the stted long-term vision of the City nd ontriute most to ity uilding. 11

13 Questions