A NEW CIVIC CENTER VISION REPURPOSING CHARITY HOSPITAL NEW ORLEANS

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1 A NEW CIVIC CENTER VISION REPURPOSING CHARITY HOSPITAL NEW ORLEANS

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3 New Civic Center Vision Honors and Repurposes a Civic Icon Showcases Historic Preservation Revitalizes Adjacent Neighborhoods Provides a Financeable Strategy Catalyzes Redevelopment of Decommissioned VA Site Stabilizes Annual Operating Costs Below Current Levels Improves Efficiency & Quality of Workplace for Workforce Operational by Fall 2017

4 Why City Hall & CDC Need to Move City Hall and CDC buildings are both over 50 years old and becoming functionally obsolete Maintenance on aging equipment, including originally installed elevators, HVAC systems, generators, pump systems and incidentals are costing the City and Court: City Hall $350,000 (2012) CDC $250,000 (2012) Annualized Operating Expenses for City Hall and CDC are currently $240,000 per year in janitorial expenses, plus an additional $630,000 in staff salaries for engineers/maintenance workers, totaling $870,000 for both buildings Both buildings are facing a number of structural issues including aging plumbing and fixtures, leaks and subsidence Both buildings are lacking modern, up-to-date Computer IT infrastructure including inadequate wiring and electrical power to properly run and cool IT equipment, lack of space for data centers and IT equipment, and poor wireless capabilities throughout buildings Both buildings are at maximum capacity with limited office space and storage available: City Hall 316,622 SF CDC 116,602 SF

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7 Adjacent to Existing City Hall & CDC

8 3-5 Minute Walk to Civic Center Complex from current City Hall/CDC

9 Tulane Avenue Arrival

10 Occupancy Distribution

11 Debunking the Myths about the Charity Hospital Building Charity s structural integrity has been validated as structurally sound. Charity s basement will be filled with concrete and pilings to reinforce foundation. Courtrooms will have high ceilings that are fully open spaces with no obstruction from ceiling beams or columns. Charity provides large floor layout possibilities.

12 19 th Judicial District Courthouse Precedent

13 Typical Standard Courtroom (1,700 SF; Corner Bench) Courtroom Fit

14 Vertical Stacking

15 Programmatic Stacking

16 Area Summary Total Project Sizing and Areas GSF Total GSF City Hall Tenant Space (Existing Inefficient Footprint is 338,905 sf) 281,325 Civil District Courts Tenant Space (Includes Courtrooms) 284,695 City Council Tenant Space (Includes Chamber) (Existing Footprint is 35,640 sf) 34,320 Public Commons Tenant Space 23,650 Mothballed Future Tenant Space 0 Fourth Floor (Dedicated to Central, Mechanical, Electrical and Plumbing Services) 48,005 Decommissioned Basement (Used for Total Foundation Infrastructure Replacement) 109,785 Selective Demolition (Two Rear Flanking Wings on Gavier Street Side) 194,415 Original Gross Total Area (NIC Post-1939 Extraneous Additions) 976,195 GSF Less Decommissioned Basement 109,785 Less Selective Demolition 194,415 Net total Area (NIC Post-1939 Extraneous Additions, Basement, Selective Demolition 671,995 Add New Atrium Court 10,240 Add New Elevator Shafts 31,740 New Gross Total Area 713,975 GSF New Gross Total Area Less Common Areas 600,340 GSF City Hall and City Council Percentage Share Breakdown 315, % CDC Percentage Share Breakdown 284, % NOTE: CDC is currently 116,602 SF

17 Project Development Costs Total Building Construction Costs and FF&E Allowance Total Project Construction Cost (713,975 GSF at $265 PSF) $189,203,375 Total FF&E Allowance Cost (Total for City Hall, City Council, and Courts $20,000,000 Selective Demolition Allowance $5,000,000 AFC $214,203,375 Design & Engineering Fees per FP&C (8.86%) $16,680,128 Total Building and Furniture, Fixtures and Equipment Construction Costs Site Infrastructure Improvement Costs Utility Infrastructure Upgrades (Including Co-Gen linkage) $2,000,000 Total Costs $230,883,503 AFC $2,000,000 Design & Engineering Fees per FP&C (7.6997%) $893,165 Site Infrastructure Total Construction Cost $2,893,165 Building & Infrastructure Total Construction Cost $243,376,668 Construction Cost $18,253,250 Gross Total for Construction Cost & Contingency $261,629,918 Developer/ Project Management 4% $10,465,197 Overarching Project Contingency (on both construction cost and mgmt. 3% $8,162,853 TOTAL PROJECT DEVELOPMENT COST $270,657,968

18 Sources & Uses of Funds Sources of Funds Percentage Credit Basis for Credit State Contribution* $100,000,000 Historic Tax Credits on Net Total Area Improvements (State Only) (NIC Post-1939 Additions, Basement)* 25% $178,078,675 $33,389,752 New Markets Tax Credits * $18,000,000 FEMA Funds from Existing City Hall FEMA Project Worksheets $11,000,000 Estimated Contribution from CDC $0 Recovery Dollars $30,400,000 City-Issued Revenue Bonds $77,868,217 *Funds specifically attached to Charity Hospital building Total Sources of Funds $270,657,968 Total Project Development Cost $270,657,968

19 Annual Civic Center Complex Operating Costs Annualized Operating Expenses (Responsibility of City and CDC) Civic Complex Operating Expenses 713,975 $8.00 psf $5,375,960 Reserve/Maintenance on 713,975 sf at $1.0 psf $713,975 Annualized Cost of Debt Service (Tax Exempt Bonds to support $77,868,217 Bond Issue) $5,979,176 Total Gross Annual Costs (for both City and Courts) $12,069,111 CITY OF NEW ORLEANS ANNUAL COSTS* 52.58% $6,805,717 *Share split based on prorated occupancy square footage. CDC ANNUAL COSTS* 47.42% $6,138,394