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Redevelopment Update February 2014

Redevelopment Update February 2014. Mission & Purpose of MRRA. Implement the Reuse Master Plans for NASB and Topsham Annex Manage the transition of base properties from military to civilian uses Redevelop former base properties to create new high quality jobs

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Redevelopment Update February 2014

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  1. Redevelopment Update February 2014

  2. Mission & Purpose of MRRA • Implement the Reuse Master Plans for NASB and Topsham Annex • Manage the transition of base properties from military to civilian uses • Redevelop former base properties to create new high quality jobs • Actively engage the private sector in the redevelopment effort

  3. Vision • A science and technology park in a campus environment • Centers of excellence in advanced technologies • Regional Executive Airport • Quality business-focused educational facilities • Renewable Energy development • Smart Growth focus • Affordable housing opportunities • Open space and outdoor recreation opportunities

  4. Target Business Sectors Opportunities for high quality job creation in: • Aviation and Aerospace • Energy • Composite Technologies • Information Technology • Biotechnology and Biomed • Education • Key to successful business development • Industry driven curriculum • SMCC, UMaine

  5. MRRA Redevelopment Goals • Short-term goal:  Recover direct civilian job losses resulting from the base closure (700 jobs) • Intermediate goal:  Recover economic losses and total job losses in the primary impact community resulting from the base closure ($140 million in payroll) • Long-term goal: Facilitate the maximum redevelopment of base properties (12,000 + jobs)

  6. Property Dispositions • Public Benefit Conveyances • MRRA • Airport 998 ac • Town of Brunswick • Recreation & Conservation 850 ac • Bowdoin College • Education 270 ac • SMCC • Education 20 ac • Family Focus • Child care 7 ac • Economic Development Conveyance ($$$$$$$) • MRRA • Economic Development 1,098 ac

  7. Building Space:Who Owns What • Of the space controlled by MRRA, roughly • One third has been leased; • One third has been sold; • And one third is still available

  8. Redevelopment Scorecard • Economic Impacts of Redevelopment since May 2011 • Creating more than 750 Jobs (by end of 2014) • Contracts awarded: More than $25 million • Total New Taxable Property: $51 million • Total Property Taxes: $684,674 (current fiscal year)

  9. Redevelopment Scorecard Airport, Infrastructure, Education • Operations at Brunswick Executive Airport in 2013: More than 9,000 • Acreage owned by MRRA: 1,380 • Square footage owned by MRRA: 910,100 SF • Square footage under lease/sale contract: 573,925 SF • Miles of paved road MRRA responsible for: 27 • Miles of sewer pipe and water pipe MRRA maintains: 17 • Miles of electrical power line MRRA maintains: 15 • Amount of power load MRRA manages: 1 megawatt • Students enrolled at Southern Maine Community College Midcoast Campus: 6oo

  10. Redevelopment MapSales, Leases, and PBCs

  11. Businesses: 43 and counting

  12. Business Profile:Tempus Jets • Part 145 Repair station at Brunswick Landing: Conduct major maintenance on Bombardier Global Express and Gulfstream II, III, IV and V aircraft; adding Boeing and Airbus narrow and wide body maintenance, interior completions • Tempus selected Brunswick to consolidate and expand its MRO, engineering and completions capabilities due to: • Availability of large, modern hangar facilities • Partner with SMCC to utilize the former flight simulator facility • Availability of skilled craftsman and technically knowledgeable workforce; advanced communications infrastructure; adequate housing for contract and short term labor • Could employ up to 300 workers as they expand • One of fastest deals in MRRA history. Lease signed just 3 weeks after initial phone call • CEO is a former NASB aviator who was stationed here

  13. Business Profile:Tempus Jets

  14. Business Profile:Mölnlycke Health Care • New 79,000 SF $15 million manufacturing facility built and owned by MRRA, opened in March 2013 • 50 employees with more than 100 jobs in pipeline • Huge company from Sweden is world leading manufacturer of single-use surgical and wound care products for professional health care sector • Mölnlycke chose Brunswick Landing to be site of first North American manufacturing site to make finished, packaged wound dressings. • Medical foam produced in Mölnlycke’s Wiscasset manufacturing site • May be able to take advantage of Brunswick Landing Foreign-Trade Zone (FTZ)

  15. Business Profile:Oxford Networks Oxford Networks Data Center  provides high-security data management services for businesses and organizations around the world Oxford is expanding its storage facility to quadruple current capacity Largest data center north of Boston Located in the Wing Building , which Navy used for classified secure information and data Re-purposes the military grade building infrastructure to provide the highest level of physical and technical security available

  16. Business Profile:Kestrel Aviation • Startup company by Alan Klapmeier, former Cirrus CEO • Developing a FAA certified, composite aircraft, propelled by a single engine turboprop • Drawn to Brunswick because of infrastructure already in place • Kestrel attracted by well qualified workforce, including those familiar with composite technology, and a supportive community • 42 employees in Hangar 6 with payroll of $3 million • Brunswick facility -- composite parts production • Other facility in Superior, Wisconsin -- manufacturing of plane

  17. Business Profile:American Bureau of Shipping • Worldwide company headquartered in Houston provides marine survey, engineering and auditing to international shipping and offshore industries • ABS Modeling Center in Brunswick Landing -- 30 technicians who create the computer-aided design (CAD) models of clients’ vessels. • Model used throughout life of vessel for multiple purposes • Verify integrity of the hull, analyze stability of the vessel if it is involved in a casualty • ABS selected Brunswick Landing for its high-quality facilities and the region’s talented workforce

  18. Business Profile:RollEase • Founded in 1980, RollEase is window covering fabricators based in Stamford, CT • Innovation Center at Brunswick Landing (11,000 SF) for R & D • Located in downstairs below ABS • Opportunity to collaborate with the University of Maine on joint development projects • VP Greg Farr, former Downtown Director for Brunswick will direct Maine operations

  19. Private Sector Engagement • MRRA’s goal is to engage the private sector in the redevelopment effort through lease and sale of buildings and land • Consistent with Reuse Master Plans, Zoning ordinances and Design Guidelines • Major property acquisitions at Brunswick Landing and Topsham Commerce Park: • Partnership with local real estate developers George Schott, Jim Howard, Tom Wright, Hilary Rockett • MRRA has sold 245 acres of land to AMH (over 50 housing units sold to date –McKeen Street) • Three major building acquisitions closed • 26 buildings (15+ acres) • $10 million in planned private investment • Sold hotel in December to Mr. Schott • Commissary sold in November to JHR Development for food hub (Wicked Joe’s and Maine Harvest • More closing expected in spring for 20 acres, and Building 87 (Oxford), SeaBee Compound, NEX • Three current land development proposals in process (42 acres) • $50 – 60 million in planned private investment • MRRA must pay the Navy 25% of all sales and lease revenues after we hit $7 million, which we have a year earlier than forecast • MRRA is aggressively marketing property to international, national, state-wide and local real estate developers and target sector businesses • MRRA has open listing policy and pays brokerage fees • MRRA retained CBRE Richard Ellis and REMAX to market key properties • MRRA has unique ability to be creative in real estate and project financing • Must realize Fair Market Value (EDC)

  20. TechPlace is part of an integrated project through Obama’s “Make it in America Challenge (MIAC) Program • Project one of only 11 in U.S. to win funding

  21. Objective: Create a premier advanced manufacturing and technology accelerator at Brunswick Landing in former Aircraft Intermediate Maintenance building TechPlace community to include: • Co-working office space • Co-working manufacturing/prototype lab • Warehousing • Private office/shop space • Shared administrative equipment • Shared administrative services • VTC enabled conference room • Access to support programs and networks Existing Floor Plan Conceptual Floor Plan

  22. Sources of MRRA Funding • Grants • Department of Defense - Office of Economic Adjustment (will phase out starting in 2014) • Federal Aviation Administration • Economic Development Administration • Maine Technology Institute • Property Leases and Sales • Airport Revenues • Special events • Fuel sales • Aircraft parking • Hangar rentals • State of Maine • Jobs Bond ($3.25 million – infrastructure improvements) • Jobs Tax Increment Financing • Town of Brunswick • Tax Increment Financing

  23. Challenges Affecting Rapid Reuse • Property conveyances are costly and complex real estate transactions • Many buildings that are conveyed suffer from lack of proper maintenance (major systems fail) • Most buildings do not meet current State & local codes (ADA, Life Safety, etc.) • Aging utility systems require significant upgrades • MRRA has responsibility to maintaining: • Airport runways & tarmac • 27 miles of roads • 17 miles of electric infrastructure • 15 miles of water, sewer and storm drains • Some key properties are still awaiting environmental clearances • These are unique properties that requires some planning and code flexibility • Business friendliness at State and community level is critical to success

  24. Conclusion • Redevelopment of former military installations is a long, tedious expensive and complex process. It is a marathon not a sprint! • While still are very early in the process, the Redevelopment of NAS Brunswick is proceeding ahead of schedule. • The NASB reuse effort is far outpacing other 2005 BRAC facilities around the country. • The annual lease absorption rates at Brunswick Landing are outpacing the region by a factor of 3x.

  25. Conclusion Continued • The ability of NAS Brunswick to effectively and rapidly achieve its reuse goals is dependent on several key factors: • The condition of the national and state economies; • The availability of the financial resources needed to re-purpose the properties and improve and maintain the infrastructure; and • The level of federal, state, community and public support for the redevelopment effort!

  26. Thank You

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