WESTPORT COMMONS KC Sustainable Development Partners 23 February 2015
Kansas City Sustainable Development Partners Bob Berkebile David Brain Butch Rigby Louis D. Steele E.F. Chip Walsh URBAN ACUPUNTURE CATALYTIC DESIGN + INVESTMENT HISTORIC PRESERVATION + ADAPTIVE REUSE REAL ESTATE + FINANCE BUSINESS CONSULTING REGULATORY COMPLIANCE PROJECT MANAGEMENT Swinney Homestead Westport Commons
On the Walls at Westport High: The world we have created is a product of our thinking: It cannot be changed without changing our thinking. -Albert Einstein
THE WORLD IS TAKING NOTICE! KC HAS A GREAT ECOSYSTEM FOR ENTREPRENEURS Kansas City Is Building America s Most Entrepreneurial City HUFF POST #1 High-Tech Cities you ll want to call home. PC #1 City in the U.S. for Starting Online Business. highspeedinternet.com Missouri beats out California & New York for growth in technology jobs. KC Business Journal Kansas City is the most promising TechHub techie.com #1 Best City to Keep on your Radar HUFF POST Google Fiber has #1 download speeds in America Netflix #10 Best zip code in America Business Insider # 4 Best City for Young Entrepreneurs Under30CEO #13 Best city for Female Entrepreneurs Forbes
THE WORLD IS TAKING NOTICE! KC HAS A GREAT ECOSYSTEM FOR ENTREPRENEURS Kansas City as TOP 5 Best cities for Entrepreneurs WORLDWIDE Global Entrepreneurs Network & META Group Freelance worker available at a moment s notice will reshape the nature of companies and the structure of careers. The Future of Work, The Economist
BUT WHAT S MISSING? BAD NEWS Why is KC falling behind on creating new jobs? -A recent Brookings study ranks KC 73 rd of 80 in recovering from recession wework Why are there 2,400 coding jobs available and no coding school in KC? Local companies (Cerner, Sprint, Garmin, DST) are importing thousands of workers/stealing from each other Cerner alone will need 5,000 NEW coders in the next 5 years. 16,500 new STEM jobs in KC by 2020. #1 in 2012 & 2013 #10 in 2014 KC generates new inventions at 1/3 rate of the rest of U.S. MISSOURI RANKING AS FASTEST GROWING IN COMPUTER DESIGN DICE
WHAT DO START-UPS / INNOVATORS WANT? 1. Access to talent (most important) 2. Access to mentors 3. Access to high-tech, collaborative office space Place that captures the creative mindset Access to resources and education Walkability and green space Member benefits/discounts Low cost of living Affordable/convenient transportation options Close proximity to housing Access to investors/capital Access to service to help grow business One stop shop Nothing like this anywhere!
WHAT IS IT? A COLLECTION OF THE BEST
Accessible and Connected
Co-Working Accelerators
Coding School Maker Space
Futures Forum by Screenland Work-Live
Tenants / Partners TENANTS En:Code (Computer Coding School) Truman Medical Center (Integrative Health and Resilience) Early Learning Center by Spectrum Station Literacy KC Futures Forum by Screenland MINDDRIVE PARTNERS / COLLABORATORS / ADVISORS Ryan Weber, KCnext Maria Meyer, US SourceLink, UMKC Innovation Center Matt Condon, Big 5 Initiative on Entrepreneurship, Board member, KC Sourcelink and Enterprise KC Tom Boozer, Regnier Institute for Entrepreneurship Alex Altomare, Lean Lab, En:Code Peter desilva, UMB Jo Anne Gabbert, Core Catalysts Stephen Hardy, MindMixer Steve Rees, MINDDRIVE Dan Cooper, Indicia Michael Foust, Culinary Institute WeWork (New York)
Early Learning Center Spectrum Station Culinary Institute
Westport High School Sources and Uses 1st Mortgage Debt $ 9,341,774 Federal Historical Tax Credits $ 2,923,384 State Historical Tax Credits $ 3,826,194 New Market Tax Credits $ 3,198,000 Owner Equity $ 3,716,862 Total Sources $23,006,214 Acquisition + Construction $17,738,786 Soft/Professional Costs $ 5,267,428 Total Uses $23,006,214
Westport High School Anticipated Schedule OCTOBER 2014 KCSDP Development Plan Submitted FEBRUARY 2015 Community Presentation + Feedback MARCH 2015 KCPS Selects a Preferred Developer for Westport High School Negotiate/Execute a Purchase and Sale Agreement, plus related agreements APRIL 2015 Commence Due Diligence Inspection Period Site Access for General Contractor Bidding Initiate (or finalize) National Register Nomination JUNE 2015 Complete Due Diligence Inspection Period Complete General Contractor Bidding/Selection Commence Design Drawing Work for NPS Part 2 Submittal JULY 2015 Acquisition Closing SEPTEMBER 2015 Zoning + NPS Part 2 Submittals OCTOBER / NOVEMBER 2015 Achieve Break-Even Point for Commercial leases Finalize Project Financing Components JANUARY / FEBRUARY 2016 Construction Closing
MINDDRIVE
This will redefine creativity, collaboration and innovation a business model for the 21 st Century.