RFQ Pre-Submittal Conference TOD Opportunity on 11.75-Acre September 28, 2018 Fairplex-Owned Site in the City of La Verne ASKING QUESTIONS 1
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RFQ Pre-Submittal Conference TOD Opportunity on 11.75-Acre September 28, 2018 Fairplex-owned site in the City of La Verne ASKING QUESTIONS 1. 2. 3. Go to slido.com on Enter the event code Type in your your phone, tablet, “fairplex” question or laptop 2 AGENDA 1 Welcome Remarks & RFQ Overview 2 TOD Development in Old Town La Verne • City of La Verne 3 Key Stakeholders Panel • Fairplex (Moderator) • Foothill Gold Line Authority • University of La Verne • Brackett Field Airport • National Hot Rod Association • Cal Poly Pomona 4 Q&A 3 THE OFFERING • TOD opportunity on an 11.75- acre Fairplex-owned site • A Public-Private Partnership (P3); long-term ground lease • Within 300-feet of Gold Line expansion (2026) • Strong connection to Fairplex (gateway) and Old Town La Verne • Specific Plan and Final EIR • Approved EIFD • Adjacent to multiple institutions & activities 4 FAIRPLEX OBJECTIVES • Serve as the catalyst project at Fairplex and in La Verne • Enhance and respect the unique identity and mission of Fairplex. • Create top-quality TOD with strong physical and aesthetic connections to Fairplex and the City of La Verne • Integrate with the La Verne Gold Line Station • Generate land value and tax revenues • Increase local commercial activity & employment opportunities 5 2-STEP DEVELOPER SOLICITATION RFQ RFP • Cast a wide net • Preliminary design drawings • Evaluate project concepts • Financing strategies & pro • Evaluate teams & financials formas • Create a shortlist of • Construction cost qualified bidders • Propose commercial and • Send RFP to shortlist only financial terms • Select a development team • Finalize negotiations 6 SOLICITATION SCHEDULE Issuance of RFQ Friday September 7, 2018 Wednesday September 19, 2018 Site Tour - Los Angeles County Fair Thursday September 20, 2018 Pre-Submittal Conference Friday September 28, 2018 Deadline for Submittal of Questions regarding the RFQ Monday October 1, 2018 Deadline for Answers to Questions Monday October 15, 2018 Submittal Due Date for RFQ Friday November 2, 2018 Interviews of Teams (as necessary) November 2018 Shortlisting of Qualified Teams to Participate in RFP (anticipated) December 2018 RFP Released to Shortlisted Teams (anticipated) December 2018 7 THE SITE APN Owner Acres Approx. Area (SF) 8378-015-004 Los Angeles County Fair Association 1.30 56,628 8378-015-005 Los Angeles County Fair Association 4.52 196,891 8378-015-006 Los Angeles County Fair Association 1.24 54,014 8378-015-007 Los Angeles County Fair Association 1.36 59,242 8378-015-008 Los Angeles County Fair Association 3.33 145,055 Total 11.75 511,830 8378-015-902 Metropolitan Water District (* not part of this RFQ *) 2.36 102,802 8 LOCATION & ENVIRONS 1. University of La Verne 2. Old Town La Verne 3. Future La 1 2 Verne/Fairplex Gold Line Station 3 4. Fairplex/LA County Fair 5. National Hot Rod Association 4 NHRA 6. Brackett Field 5 Airport 6 9 SITE PLANNING & CONDITIONS Old Town Specific Plan • MU-2 Zone • If residential included, 15% of units must be affordable (low and moderate; 40% of 15%-allocation must be very low) Proximity to Brackett Field Airport • Brackett Field Airport Land Use Compatibility Plan: http://planning.lacounty.gov/brackett/documents • FAA flight path obstruction study Geotechnical/Soils & Utilities • By approximation, soils report from adjacent site provided; further investigation require • Utilities available – upgrades TBD; see Infrastructure Plan 10 KEY PLANNING DOCUMENTS Fairplex Strategic Plan www.fairplex.com/aboutus/ceo/strategic-planning Old Town La Verne Specific Plan www.cityoflaverne.org/otlvsp.pdf Old Town La Verne Specific Plan: Draft www.ci.la- and Final Environmental Impact Report verne.ca.us/index.php/documents/community- (NOTE: the final certified EIR starts on page 567 of development-planning/general-and-specific-plans/816- the PDF document) old-town-la-verne-specific-plan-draft-final-eir/file La Verne Station Gold Line Fact Sheet www.foothillgoldline.org/images/uploads/LaVerneFactS heet_web.pdf https://foothillgoldline.org/cities_stations/la-verne/ La Verne Enhanced Infrastructure http://www.ci.la- Financing District (Adopted verne.ca.us/index.php/documents/lveifd Infrastructure Financing Plan, etc.) Geotechnical Report on adjacent parcel https://www.dropbox.com/s/jva8yz9mss84hrp/Stable- Barn%20Reno%20Geotechnical%20Report.pdf?dl=0 Brackett Field Airport Land Use http://planning.lacounty.gov/brackett/documents Compatibility Plan 11 RFQ Outline Section1 Introduction of the Offering Section 2 Solicitation Schedule, Instructions, and Contact Section 3 Proposed Development Opportunity Section 4 Submittal Requirements Section 5 Evaluation Criteria Section 6 Disclosures & Additional Information 12 Section 4: Submittal Requirements • Submittal Cover, Table of Contents, Tranmittal Letter • Executive Summary • Project Concept to Meet Fairplex Objectives • Development Team • Project Experience • Project Personnel • Organization Chart • Development Team References • Financial Information • Litigation and Bankruptcy History 13 Section 5: Evaluation Criteria • Administrative and Legal Evaluation • Financial Evaluation • Technical Evaluation • Key Personnel Evaluation 14 AGENDA 1 Welcome Remarks & RFQ Overview 2 TOD Development in Old Town La Verne • City of La Verne 3 Key Stakeholders Panel • Fairplex (Moderator) • Foothill Gold Line Authority • University of La Verne • Brackett Field Airport • National Hot Rod Association • Cal Poly Pomona 4 Q&A 15 ASKING QUESTIONS 1. 2. 3. Go to slido.com on Enter the event code Type in your your phone, tablet, “fairplex” question or laptop 16 AGENDA 1 Welcome Remarks & RFQ Overview 2 TOD Development in Old Town La Verne • City of La Verne 3 Key Stakeholders Panel • Fairplex (Moderator) • Foothill Gold Line Authority • University of La Verne • Brackett Field Airport • National Hot Rod Association • Cal Poly Pomona 4 Q&A 28 ASKING QUESTIONS 1. 2. 3. Go to slido.com on Enter the event code Type in your your phone, tablet, “fairplex” question or laptop 29 Fairplex/La Verne Site RFQ September 28, 2018 Foothill Gold Line Light Rail Program $3 billion public investment 31 Foothill Gold Line’s Three Phases Los Angeles-Pasadena Pasadena-Azusa Glendora-Montclair • Los Angeles to Pasadena – Completed On Time/Under Budget (2003) – 13.7 Miles, 3 Cities, 13 Stations • Pasadena to Azusa – Completed On Time/Under Budget (2015) – 11.5 Miles, 5 Cities, 6 Stations • Glendora to Montclair – Broke Ground December 2, 2017 – 12.3 Miles, 6 Cities, 6 Stations Part of LA County’s Growing Rail Network Montclair Foothill Gold Line Light Rail Corridor County Rail and Busway Network with Measure R and Measure M Ridership Exceeding Expectations • Ridership is at historic highs (average for 2017) – More than 52,000 boardings each weekday (58,000+ on weekends) – 16.6 million annual boardings (137 million passenger miles) Glendora to Montclair Segment 35 Glendora to Montclair Segment Six more stations underway now 36 Broke Ground - December 2017 6 Glendora to Montclair Work Plan 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Ground Breaking – December 2017 Utility Relocation Contract Alignment Contract – October 2018* Alignment Contract Final Engineering Freight/Metrolink Project 1 Relocation Construction Substantial Completion Project 2 Light Rail Construction * Could extend to December 2018 La Verne Station - one of six new stations 39 La Verne Station Site Plan 40 La Verne Site Plan Model La Verne Station 42 Gold Line & TOD Corridor Development Since 2003 (built or underway within ½-mile of a Gold Line Station) • 12,500 new housing units • 3,600,000 square feet of commercial/institutional space • 1,400 hotel rooms $6.7 Billion of Private Investment Value Potential Development – Phase 2 • 17,000 additional housing units • 10,000,000 sf of additional commercial/institutional space • 250 more hotel rooms Potential for $9 Billion Additional Private Investment Glendora to Montclair Connections 46 Higher Education – “Brain Train” Two dozen more colleges within short walk, bike or bus ride of stations 47 Regional Destinations Montclair TransCenter Regional Parks & LA County Fairplex Public Open Space Areas Raging Waters LA/Ontario International Airport Historic Downtowns, Museums, Hospitals, etc. 49 Stay Connected: foothillgoldline.org iwillride.org /iwillride @iwillride 50 About the University of La Verne Founded in 1891, the University of La Verne is an independent, nonprofit, comprehensive institution focused on four core values: lifelong learning, ethical reasoning, civic and community engagement, and diversity and inclusivity. The University of La Verne serves more than 8,100 students across its 10 California campuses and online. By the Numbers More than 5,500 students study at the La Verne campus More than 900 students live on campus Approximately 700 international students attend per year About 800 faculty and staff Average student age on La Verne campus • Traditional undergraduate: 20 • Graduate: 30 • Adult undergraduate: 33 At A Glance Degree programs • More than 50 undergraduate • Nearly 20 master’s • Four doctoral Campus is hub of activities that attract broader community: NCAA athletic events, concerts, plays, art exhibits, student competitions, and academic conferences. Old Town La Verne Specific Plan Old Town La Verne Specific Plan FIGURE 9.2: PREFERRED LAND USE DEVELOPMENT PLAN Specific Plan Area Gold Line Station Platform Metrolink Station Platform (currently Metrolink stops only during the LA County Fair) HISTORIC OLD TOWN SECTOR - Historic Core Retail (Small-Scale