1 Why do we need a plan?
2 Which assets are priorities?
PRIORITIZING THE ASSETS
PRIORITY ASSETS
3 What are the recommendations?
GUIDELINES • • • • • •
Encourage planning for multifunctional use or consolidation of facilities Support existing investment strategies Focus on core assets that provide value and returns to the community Leverage existing land assets where possible Consider various funding and revenue challenges Prudent fiscal planning
4 What is the timeline? Asset
Opt ion Opt ion 3 – Fire Hall 1 - Redevelopment of t he FH#1 on new
Fire Hall #1
sit e in close proximit y t o exist ing; exist ing Fire Hall sit e sold for redevelopment purposes. Opt ion 3 – Fire Hall 2 - Redevelopment of t he FH#2 as st and-
Fire Hall #2
alone facilit y (no addit ional component s from FH#1 included) Cit y Hall - Opt ion 2 – Cont inue wit h maint enance as planned
Cit y Hall
/ project ed in FCI report ; ongoing renovat ions and upgrades
Ident ified Asset s
t o increase funct ionalit y & asset life Mem orial McLaren N ew 2-Ice
Memorial Arena - Opt ion 5 – Demolish exist ing Memorial Arena and convert t o parking McLaren Arena - Opt ion 3 – McLaren Arena is demolished, lot sold for commercial redevelopment aft er rezoning New 2-Ice arena - as per Arena St udy Library/ Museum - Opt ion 3 – NEW Combined art and
Library /
cult ure cent re, including Art Gallery, Library & Museum on
Museum
New Sit e and old Library/ Museum sit e sold (t he value of t he Museum/ Library port ion of t he combined asset only) Art Gallery - Opt ion 3 – NEW Combined art and cult ure
Art Gallery
cent re, including Art Gallery, Library & Museum on New Sit e and old Art Gallery sold (t he value of t he Art Gallery port ion of t he combined asset only)
Indoor Soccer
Indoor Soccer - Opt ion 3 – Cont inue wit h maint enance and cost s at planned and project ed funding levels; Cit y t o manage facilit y 1
2
3
4
5
6
7
8
9
10
11
12
Horizon Planning - Years
13
14
15
16
17
18
19
20
5 What are the benefits? Environmental • Fewer and newer facilities reduces environmental footprint • Better energy efficiency
Social • Consultant focused on financial • Ability to improve accessibility • Minimal disruption • Modern functionality to enhance services • Opportunity to honor heritage • Facilities for today’s and future generations
Economic • Reduced capital investments of $20 million over 20 years (predicated on sale of lands) • Lower annual maintenance costs • Longer service life