1 / 15

CHICAGO BASEBALL MUSEUM

CHICAGO BASEBALL MUSEUM. April 20, 2013. Introduction. Welcome to Whiting As Mayor, I confident that a partnership between the CBM and the City of Whiting will be mutually beneficial After seeing our City and our future plans, hopefully you’ll also agree. Background Information.

kalei
Download Presentation

CHICAGO BASEBALL MUSEUM

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CHICAGO BASEBALL MUSEUM April 20, 2013

  2. Introduction • Welcome to Whiting • As Mayor, I confident that a partnership between the CBM and the City of Whiting will be mutually beneficial • After seeing our City and our future plans, hopefully you’ll also agree

  3. Background Information • The Stars in Whiting are now aligned: • Over $50M being invested into our Lakefront • $7M invested in new sports venues including Oil City Stadium • Over $4B invested by the BP Refinery • Not for public release - An estimated $200M soon to be invested in BP Office Complex • Up to $60M in public funds and another $75M in privately funded projects planned for the new Stadium District • 7-Year Windfall from BP refinery investment • Bonds expected to be issued by Fall of 2013

  4. Stadium District Plan • Conceptual Drawing • Pending final approval of Bonds and approval of appropriate boards • We will begin the implementation of the Plan late this fall • Plan commissioned to aide developers with financing and to finalize fluid plans • Estimated time frame for the bond money to be available is Nov. 1st

  5. Stadium District Plan • Highlights include: • New 120+ room Hotel • Expected to include a catered Banquet Hall • 4 Commercial/Multi-Use Buildings • Additional 5000sf. Restaurant Opport. • 30 Unit Senior Apartment Complex • Up to 120 Condos • New Children’s “Edu-tainment” Facility • This project will be replaced with Mascot HOF • New Public Works Facility • A New 25,000sf - $12M City Museum

  6. Museum Proposal • Add ~10,000sf for CBM • White Boxed space • CBM would: • Have access to common areas: • Restrooms • Elevators • Lobby Reception Area • Multi-Use Room • Loading Dock • Concessions & Gift Shop determined after further discussion with CBM

  7. Museum Proposal • Allows for all available area to be used for exhibits, offices or storage • Whiting will allow CBM input before finalizing the design • Entry way to CBM addition, storage, etc. • FYI - Architectural work still not complete for addition • Whiting would consider allowing CBM to operate concessions for revenue sharing considerations

  8. Museum Timeline • Design is currently 75% complete and could be ready for bid soon • Could be put out to bid as soon as bonds are approved – September • This has been delayed so expansion plans can be considered • Construction could start as early as late 2013 • This has been delayed so expansion plans can be considered

  9. Play Museum Design Animation • Animation link included in email

  10. Other Factors • During the bond approval process, it is possible that: • The Museum could get delayed or even cancelled • There is a public argument that the money can be put to better use • If we have a CBM commitment, I’m confident that the odds are 95%+ that it gets built ASAP • Discuss the Public Process

  11. Our Offer • Pending all previously described approvals, the City would offer the CBM a 5-Year Arrangement: • The first 3 years at $1 per year • Years 4 and 5 based on a gate revenue sharing agreement TBD • First right to renew • Access to all other areas of the museum for special events at a TBD rental fee (cover costs) • Flex Room – 1700 sf (100-120 capacity) • Lobby

  12. Our Offer • Expectations of the CBM include: • Fund costs of CBM exhibits and related build out • Cover cost of pro-rated utilities • Provide all labor/staffing for CBM operation • Market the CBM and the City of Whiting • Bring people here • Win-Win

  13. Next Steps • Signed MOU – helps me solidify funding decision • Complete City approvals and public process • Work toward final “Lease” agreement • Whiting is closer than you think to the City and it will make a great place to make the CBM a reality

More Related