trustee meeting october 2011 969 acres 272 acres 28%

Trustee MeetingOctober 2011

969 acres

272 acres

28%

Trustee MeetingOctober 2011

SCALE COMPARISON

3,400’4,800’

272 Acres

Trustee MeetingOctober 2011

DEMOLITION1. Dismantling, De-

Commissioning &

Demolition

2. ~3.8M sf of ~4.0M sf

(10/2010 - 11/2011)

3. $_ _ K request to

DNREC against $1.0M

environmental grant

4. Remediation and

salvage ongoing ($_ _

_M, after $14M – $18M

revenue sharing 60/40),

> $18M 50/50

_ _% recycled materials

_ _ _ tons asb/chem waste

_ _K light bulbs

_ _ _ M lbs. ferrous/non & equip

Trustee MeetingOctober 2011

CONCEPT PLAN 1. Align grid to South

college Avenue to

maximize exposure as a

GATEWAY

2. Develop a street

hierarchy to State

standards

3. Develop a series of

open spaces

4. Promote an urban

context/density

5. Enhance opportunities

for natural green spaces

and sustainability

Trustee MeetingOctober 2011

INFRASTRUCTURE PLAN

Trustee MeetingOctober 2011

SITE DEVELOPMENT

Bloom Energy

Site~50 acres

Phase 1 Site ~15 acres

A. 72,000 SF

B. 32,000 SF

C. 96,000 SF

D. 230,000 SF

E. 112,000 SF

TOTAL:

542,000 SF

Estimated Costs:

~$189,700,000 (2011-$’s)

P-1. 466 spaces

P-2 . 793 spaces

TOTAL:

1,259 spaces

Trustee MeetingOctober 2011

PHASE 1A

Phase One Site Area: ~15 acres

Programs for Life and Health Sciences

P-1. 466 spaces

Trustee MeetingOctober 2011

PHASE 1B

Phase One Site Area: ~32 acres

Trustee MeetingOctober 2011

Potential Occupants:a) Delaware Rehabilitation

Instituteb) Delaware Health

Sciences Alliance: Christiana Care, Jefferson

c) Hotel/Conference Center (250 keys)

d) Supplemental Main Campus Parking

P-2 . 793 spaces

P-1. 466 spaces

PHASE 1 Concept Study

Trustee MeetingOctober 2011

RAIL TRANSPORTATION SERVICE

a) $2.3M Tiger II Grant (planning)

b) AMTRAK Regional Service – Phase I Development $34M (track, platform, rail access)

c) Bring MARC to the site

d) Expand SEPTA service to the site

e) Cooperate to expand storage capacity for commuter service

Passenger Platform Passenger Station Area

Parking

Trustee MeetingOctober 2011

CONTEXT

Rittenhouse Square, PA

Arlington, VA

Arlington, VA

Bethesda, MD

Trustee MeetingOctober 2011

FULL PHASE BUILD OUT

Total Developed SF:

5,775,000

Total Parking Spaces:

15,000 – not including on-

street parking

Total Infrastructure

Estimated Costs:

$180,000,000 (2011-$’s)

Estimated Cost/acre:

$1.0M (2011-$’s)

Total Development Costs:

$2,021,000,000 (2011-$’s)

Average Est. Costs/SF:

$350.00 (2011-$’s)

Mixed Use:• Academic• Commercial

Office/Research• Residential• Service• Light Industrial• Public Service Space

(Placeholder)• Blossom 50 acres

Negotiating Zoning Ordinance with City of NewarkTransit Oriented Development (TOD)

Trustee MeetingOctober 2011

POTENTIAL SOURCES OF FUNDING

Federal Funding:• EDA: Planning, Technical Assistance, • EPA: Brownfields and Land Revitalization, Water• DOT: Tiger II, III• Earmarks State Funding:• DelDOT: Roadways, Infrastructure• DNREC: Environmental• DEDO: Infrastructure Developers Partners Interim Uses:• Amtrak• Cargill• Temporary Solar Farms

Trustee MeetingOctober 2011

ACTION PLAN

a. Program Health Sciences in the former administration building b. Utilize “Best Practices” Modelc. Delaware Rehabilitation Instituted. Focus on Initial Phase of Developmente. Expand Research capacity with APG to generate physical presence at STCf. Attract Blossomg. Quantify National Lab Potentialh. Initiate discussions with Hotel/Conference Centeri. Pursue Delaware Health Science Alliance partnersj. Begin discussions with Wellness/Fitness Centerk. Evaluate the site and phasing for TODl. Evaluate Interim Uses for the sitem. Develop Residential and retail program

The University must act aggressively to create DEMAND

Trustee MeetingOctober 2011

INITIAL MARKETING STRATEGY

• Association of University Research Parks • Select Greater Philadelphia• Delaware Biosciences Association• Ben Franklin Technology Partners• Sustainable Chemistry Alliance• Regional Partner Marketing• Aberdeen Proving Grounds Department of the Army• Delaware Economic Development Office• Commercial Real Estate Site Locators

Trustee MeetingOctober 2011