Oakland Presentation to NFL

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PowerPoint Mayor Libby Schaaf presented to NFL owners Wednesday

Transcript of Oakland Presentation to NFL

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NFL PRESENTATIONPRESENTED BY THE CITY OF OAKLAND

The Raiders long history in Oakland provides a strong foundation for moving forward

PAST REGRETS

BRIGHT FUTURE

Tech Firms Spy New Bay Area Frontier: Oakland (Wall Street Journal. 10/2015)

After Uber's Move, Will Oakland Become A Tech Hub?(Forbes Magazine. 9/2015)

Infrastructure work starts on Oakland's biggest active project (San Francisco Business Times. 6/2015)

Best in the US 2015, #8 Oakland, California (Lonely Planet, 12/2014)

Oakland, Calif., Has Never Been Better: Here Are 10 Reasons Why (Huffington Post. 6/2013

Oakland: Brooklyn by the Bay (New York Times. 5/2014)

HOTTEST REGION IN THE COUNTRY

Theres a sense that everything is possible Were going to see an explosion of tech in Oakland. Its the next big area. The New York TimesOakland topped all other major American metropoles in alisticleput out this week by real estate blog Movoto. Huffington PostOAKLAND BUZZ

UBERS EXPANDED HEADQUARTERSDOWNTOWN OAKLANDUbers expanded Headquarters- Downtown Oakland7OAKLANDS ECONOMY IS ROCKING!

Unemployment rate is now at 5%, down from 11.3% in 2013 and 16.9% in 2010

Sales tax revenue up 6%

Class A office vacancy rate is below 6% down from 15.6% in 2010

2nd fastest growing apartment rentals in the country

Hotel occupancy rates up 6.5% and daily rates up 12.8% over 2013.

Major RESIDENTIAL PROJECTS Under Construction/Completed - 2015Total number of units = 1,300 units MAJOR RESIDENTIAL PROJECTSin the pipeline (15,000+/- units)

8NATIONAL RENTAL MARKET & EMPLOYMENT TRENDS

LOCATION. LOCATION. LOCATION.

COLISEUM

TRAVEL TIME COMPARISON

Get Source for drive and transit times. 11HOUSEHOLD INCOME & NET WORTH

Get Sources12

CENTER OF INNOVATION

MAJOR COMMERCIAL PROJECTSin the pipeline( 3.5 million sq ft+)

13DIE-HARD FANS. COMMITTED LEADERSHIP.

DIE-HARD FANS. COMMITTED LEADERSHIP.WHAT OAKLAND HAS DONE SO FAR

Area Specific Plans16We own and have entitled the land to build a new stadium.

WHAT OAKLAND HAS DONE SO FARCompleted environmental clearance, which will save18 months-2 years in development time.

Zoned a flexible development site plan to include hotel, retail, offices, tech campus options.

WHAT OAKLAND HAS DONE SO FARSecured $40million to create stadium serving Transit Hub. Identified $140million in station improvements.

Area Specific Plans18WHAT OAKLAND WILL DO MOVING FORWARD

Area Specific Plans19

WHAT OAKLAND WILL DO MOVING FORWARDWorking to buy out Countys interest in the land to get a deal done.Working to defease debt on the existing Coliseum to free up land. Accelerate remaining building permit review and issuances.Finance necessary infrastructure upgrades for new stadium project (est. $100million). The City will accelerate remaining building permit review and issuances.

The City and County are negotiation to sale of the Countys portion of the land to the City, which will simplify the process and the Team will work with one governmental entity.

The County is working to defease the existing debt on the Coliseum. This will allow the City to work with the team on the lease or sale of the land.

The City will utilize financing tools and options available to pay for the infrastructure costs associated with the development.

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WHAT OAKLAND WILL DO MOVING FORWARDAnalyzing significant value for development rightsAnalyzing public tools, including lease revenue bonds and tax increment financing.Committed to a team-centered approach and partnership.The City will accelerate remaining building permit review and issuances.

The City and County are negotiation to sale of the Countys portion of the land to the City, which will simplify the process and the Team will work with one governmental entity.

The County is working to defease the existing debt on the Coliseum. This will allow the City to work with the team on the lease or sale of the land.

The City will utilize financing tools and options available to pay for the infrastructure costs associated with the development.

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COMMITMENT TO EXCELLENCE

COMMITMENT TO PARTNERSHIPVisit Oakland Video - https://www.dropbox.com/s/mc9jb1hnkebefo5/visit%20oakland%20final%20minute%20thirty%20_%2055_hd_web.mp4?dl=0

22QUESTIONS?Visit Oakland Video - https://www.dropbox.com/s/mc9jb1hnkebefo5/visit%20oakland%20final%20minute%20thirty%20_%2055_hd_web.mp4?dl=0

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