Woodall Rodgers Park

City Council Briefing

February 17, 2010

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Purpose of Briefing

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Provide an update on Woodall Rodgers Park (“The Park”)–

Park and Recreation Department:

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Project history•

Recap of Development Agreement and Use Agreement•

Financial summary•

Current deck and tunnel construction project•

Future Park Improvements and Amenities Project–

Woodall Rodgers Park Foundation:

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Design•

Fundraising status•

Programming, operating and managing The Park

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The Park

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5.2-acre “deck park”

over Woodall Rodgers Freeway that will serve as an essential link between Uptown, downtown and the Arts District

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Project History

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The creation of a deck park over Woodall Rodgers Freeway was identified in the Downtown Parks Master Plan, approved by City Council in 2004

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The 2006 Bond Program included an allocation of $20 million for Woodall Rodgers Park with minimum matching pledges of $20 million from the private sector and $20 million from other government sources

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Project History

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The Real Estate Council (TREC) funded a technical feasibility study and the schematic design of the project in 2004

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The Woodall Rodgers Park Foundation (WRPF), a non-profit 501(c)3 corporation, was formed in 2005 to develop, operate and maintain The Park

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The City of Dallas and WRPF negotiated a Development Agreement and Use Agreement for The Park, which was approved by City Council in 2007

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Development Agreement

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City’s contribution is capped at $20 million•

WRPF is responsible for all other project costs, through private fund-raising and grants from other non-City government sources

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WRPF is responsible for the preparation of all planning and design documents

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Street Adjustments–

Reconfiguration of St. Paul exit ramp–

Closure of Harwood Street bridge–

Curb-side parking along frontage roads•

WRPF will fund all O&M costs associated with The Park –

estimated at $2.2 million per year

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Use Agreement

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City retains ownership of The Park and all improvements

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WRPF is responsible for the operation of The Park

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50-year term with four 10-year renewal options•

Revenue generated by The Park will be utilized by WRPF to fund the operation, maintenance, capital improvement and repair of The Park and to provide a permanent endowment

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WRPF has the right to sell or convey naming rights for The Park and to utilize the amount generated for the design, construction and operation of The Park

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The City is entitled to three use days per year

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Financial Summary

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City of Dallas: $20M•

TxDOT: $20M (State Transportation Enhancement Program)

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ARRA: $16.7 M (federal stimulus funds)•

Private: $26.3M (grants, cash, pledges)

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Capital campaign: $27M (final phase)•

Total project costs: $110M (development, construction and operating)

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Current Deck and Tunnel Phase

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Construction contract being managed by TXDoT

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Construction Cost–

$52 million

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Project Schedule–

Start construction: October 2009

–

Complete deck construction: January 2012

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Current Deck and Tunnel Phase

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Future Park Improvements and Amenities (PIA) Phase

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Construction contract will be managed by Park and Recreation Department

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Anticipated funding participation–

City of Dallas: $5 million

–

Private (WRPF): $16 million–

Total projected construction cost: $21 million

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Project Schedule–

City Council PIA contract award: August 2010

–

Start construction: early 2011–

Complete construction: mid 2012

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13Make a park for all people

14Make a park that is active

15Make a park that is fascinating

16Public Process

17Programming

18Site Plan

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42

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5

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146

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7

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1013

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15 15

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1 Botanical Garden2 Children’s Garden3 Great Lawn4 Reading & Game Rooms

9 Olive Street Water Feature10 East Lawn11 The Chase Promenade12 Boone Family Dog Park

5 Uptown Terrace6 Arts Terrace7 Restaurant8 Muse Family Performance Pavilion

13 Pearl Street Water Feature14 On-Street Parking15 The Groves16 Donor Recognition Wall

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19Botanical Gardens

Children’s Garden

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2

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67

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1 Entry Gate2 Fountain Pool with Amphitheater Seating3 Artificial Turf Berms

4 Storytelling Deck with Tree House5 Play Equipment6 Sand Play Area7 Restroom

21Public Process

Entry Gate

Interactive Fountain

Berms

22Children’s GardenTree House

Family Restroom

Study Model

23Reading and Games Room

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Great Lawn and Muse Family Performance Pavilion

25Arts Terrace

26Olive Plaza

27The Groves

28Pearl Street Water Feature

Inspiration Glass properties

Lighting Effects

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“Make no little plans; they have no magic to stir men's blood and

probably will themselves not be realized. Make big plans; aim high in hope and work, remembering that a noble, logical diagram

once recorded will not die.”-

Daniel Burnham

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Fundraising StatusThe Park is funded through a public, private partnership with the City of Dallas and the State

The City of Dallas: $20 Million

TxDOT: $20 Million

ARRA (stimulus): $16.7 Million

Private: $26.3 Million

Final phase of the capital campaign: $27 Million

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Programming, Operating and Managing The Park: On the Horizon•

May 2006: Study prepared by BRV Corp

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January 2010: Study prepared by ETM Associates

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Early 2011: Identify park management team

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Early 2011: Select restaurant operator

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January 2012: Begin park operations

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Spring 2012: Park grand opening

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Woodall Rodgers Park Foundation Contact Information

Linda OwenPresident

linda@theparkdallas.org

Woodall Rodgers Park Foundation1909 Woodall Rodgers Freeway

Suite 100Dallas, TX 75201

214.880.1509

theparkdallas.org

33www.theparkdallas.org