1

BAYOU TREME CENTER: AN INCUBATOR FOR ARTS & EDUCATION

A program to develop a business incubator for a charter school, cultural entrepreneurs,

supportive businesses and social services. (Revised 10/22/2011)

2A&E Incubator Final Concept Paper

OVERVIEW• Site and Concept Page 3• Organization Page 10• Capital Budget Page 11• Construction Schedule Page 13• Economic Impact Page 14

• Next Steps Page 15

3A&E Incubator Final Concept Paper

THE SITE

4A&E Incubator Final Concept Paper

CONCEPT

• A group of non-profits will comprise a CDC with the mission of providing low cost space, business development services, creative arts development and community services

• Acquire and renovate St. Rose of Lima 47,000 sf site: 2 school buildings, a single family home and the church.

• Incubate artists and other cultural entrepreneurs, a charter school, related businesses and other social or community development programs.

• Artists, designers, and performers provide enrichment classes for elementary school students.

• Economic generator in historic Bayou Road target area.

5

Concept Bldg #1:Education Incubator• 24,000 sf in 3

Stories

• 2nd-year Charter

• 14 classrooms

• 350 student capacity

• 3 Offices

• 2,140 sf Multi-purpose Space

6

Concept Bldg #2:Cultural Business

Incubator• 11,000 sf in 2

Stories

• CDFI Master Tenant

• 51 Incubator Spaces

• 2 Studios

• 3 Conference Rooms

• 2 Offices Suites with Reception Spaces

• Commercial Kitchen

7

Concept Bldg #3:HHC Offices

• 1,500 sf Offices

• Church administration

• Community seminar services (financial literacy, homeowner counseling, entrepreneurship, etc.)

8

Concept Bldg #5:Events Center• 10,000 sf Main

Floor

• 1,000 sf Loft

• Seating up to 500

• Event Rentals for large mtgs, receptions, exhibits, plays, concerts, dance cos.

• Church on Sundays

9A&E Incubator Final Concept Paper

ORGANIZATION:

THE PARTNERS• NewCorp (“NC”): 16-year old Community Development

Financial Institution based in Fairgrounds neighborhood; investor and tenant.

• Lagniappe Academies (“LA”): 2-year old charter school backed by Connecticut-based foundation; anchor tenant.

• House of Healing Church (“HHC”): 4-year old, non-denominational Christian church based in Mid-city; investor and tenant.

• Downtown Neighborhoods Improvements Association (“DNIA”): 7-year old 501c3 covering portions of the Treme and 7th Ward neighborhoods; investor and tenant

10

A&E Incubator Final Concept Paper

ORGANIZATION:

THE STRUCTUREROSE CDC:

DNIA, HHC & NC

CULTURE TENANTS -- NewCorp

-- Entrepreneur 1-- Entrepreneur 2-- Entrepreneur n

EDUCATION TENANT

Lagniappe Academy

OTHER TENANTS: -- DNIA -- HHC -- CANO -- Event Tenants

Bayou Treme, LLC

11

A&E Incubator Final Concept Paper

ECONOMIC IMPACTITEMS AMOUNT

Temporary Construction Jobs 61

Direct Permanent Jobs 95

Indirect Permanent Jobs 126

Total Jobs Generated 282

Annual Payroll $12,690,000

Estimated Taxes Annually $1,903,500

12

A&E Incubator Final Concept Paper

CAPITAL BUDGET($ in thousands)

Items Total

Acquisition $635,000

Construction 7,480,000

Contingencies 330,000

Fees 1,613,000

Total $10,058,000

13

FUNDRAISING

14

bayoutremecenter.org

15

ST. ROSE REUNION 2012!