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CHICAGO BASEBALL MUSEUM PowerPoint Presentation
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CHICAGO BASEBALL MUSEUM

CHICAGO BASEBALL MUSEUM

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CHICAGO BASEBALL MUSEUM

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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