Arizona State University & City of Phoenix Partnership: Creating a Downtown Campus

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1 Arizona State University & City of Phoenix Partnership: Creating a Downtown Campus

2 Raising Educational Attainment Location 2012 Population College Degree Income Scottsdale 223, % $48,742 Chandler 245, % $31,404 Gilbert 221, % $30,254 Peoria 159, % $27,802 Tempe 166, % $25,357 Surprise 121, % $23,618 Mesa 452, % $23,387 Phoenix 1,488, % $23,091 Avondale 78, % $20,179 Glendale 232, % $21,614 Tucson 524, % $19,935 Arizona 6.5 million 26.7% $24,602 United States million 28.6% $27,385 Source: U.S. Census Bureau, American Community Survey,

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5 VISION FOR DOWNTOWN & ASU City s need for vitality, education and sustainable economy ASU s need for expansion to serve a growing state and demand for knowledge workers Phoenix City Council adopts the Downtown Strategic Vision and Blueprint for the Future in 2004 ASU & City execute IGA in 2005 and Master Lease in 2006

6 ASU Downtown Phoenix Campus Concept 15,000 students 3 million square feet of development; half academic 4,000 student beds Street level retail, mixed-use development Light rail integration

7 University City Partnership Acquire property for campus Develop initial phases of academic/support space & all necessary infrastructure (~$223M) Lease to ASU at no cost Allow ASU to purchase property for outstanding debt Commitments Transfer property at no cost upon retirement of debt

8 University City Partnership Fund renewal & replacement account for capital improvements Operate & maintain all facilities ~ $45M per year Fund furniture, fixtures & equipment for all facilities Develop student housing & parking Commitments Transfer Mercado to City Engage in fundraising to support campus

9 2006 BOND RECOMMENDATIONS 700 citizens volunteered on 14 subcommittees to review $3.2 billion in project and program requests to be paid by GO bonds with secondary property taxes (AV rising) $878 million allocated for public safety, education, streets, neighborhoods, libraries, and other city needs $223 million recommended for ASU Downtown Phoenix Campus improvements City Council approved recommendations Nov. 1, 2005; citizens approved on March 14, 2006 with over 63% of vote

10 Phase I (Fall 2006) ASU Downtown Phoenix 2,500 students; 250 beds Timeline 300,000 Sq. Ft. academic/support Phase II (Fall 2009) 7,000 students 1.2 M Sq. Ft. academic/support 800 student housing beds filled Build-Out 15,000 students, 1,800 faculty & staff 1.5 M Sq. Ft. academic/support 4,000 units student housing

11 ASU Downtown Phoenix Fall 2013 Degree Programs College of Health Solutions Cronkite School of Journalism School of Letters & Sciences College of Nursing & Health Innovation College of Public Programs Mary Lou Fulton Teachers College Graduate College Barrett The Honors College University College 10,000 students; 1,200 live-on campus 1.4 M SF ; 1,200 Faculty & Staff

12 Campus Growth & Progress Students on Campus

13 ASU Downtown Impact Citywide taxable sales down 15% from 07 to 12; Downtown City sales tax revenue up 81% same period Blight & brownfields removal; sustainable development, historic preservation, adaptive reuse, community services Leveraged $389M non-city investment in and adjacent to campus More than 20% all light rail trips associated with ASU

14 Other Downtown Activity $1.3B light rail 20-mile starter line $600M convention center expansion $350M development of state s largest hotel $690M CityScape mixed-use development 30-acre biomedical campus: home to every public university in AZ

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16 Before ASU Student Housing

17 After ASU Student Housing

18 Before Campus Streetscaping

19 After Campus Streetscaping

20 ASU Funded Projects After Initial City Phases, ASU has developed: Nursing shell space ($12M+) Sun Devil Fitness Complex: $24M, 74K SF, open to YMCA members Student Post Office: $5M upgrade - social / club space Studio Arts graduate programs and exhibit space Bank, Service, Nonprofit, Classroom expansions

21 Evolution of Project Partnership Arizona Center for Law & Society: City provides land at low cost City invests $12M ASU designs, builds, maintains & operates 290K SF facility ASU finances $110M+ Relocating College of Law + retail amenities, public spaces, parking Construction start summer 2014; opens fall 2016

22 ASU Downtown Results Attracted significant private investment, transit users New jobs, facilities, students, housing, visitors and businesses Downtown revitalization & street activation More & better educational opportunities / attainment Ongoing economic impact

23 Thank You