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  Publications, Reports & Presentations
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Village West Issues $150,000,000 for its Redevelopment
The Unified Government of Wyandotte County/Kansas City received approximately $150,000,000 in bond proceeds to support continued development of Village West, the region’s largest destination entertainment complex. RERC supported the City and the underwriting team in this transaction by estimating prospective sales taxes generated within Village West that will support the project’s debt service. The Village West project area includes the Kansas City Speedway (KCS), Cabela’s Sporting Goods, a multiplex cinema, restaurants, Nebraska Furniture Mart, several hotels, a minor league baseball field, and professional soccer stadium for the Kansas City Wizards. The soccer facility, which will seat 18,000 people, is one of the few in the country designed exclusively to accommodate the sport. The investor presentation coordinated by Citi is available for viewing. Sand Lake Commuter Rail Station in Advanced Planning Along with AECOM, RERC has been asked to study the planning and economic issues associated with the development of the Sand Lake commuter rail station. This station constitutes the last stop of the initial phase of Sun Rail which will ultimately run from Debary to Poinciana along the old CSX rail corridor. The Sand Lake station, envisioned as a link with high speed rail, may offer opportunities for related development that is not possible at other stations due to their size or locations. Southwest Florida International Airport Real Estate Holdings RERC serves as real estate advisor and strategist to the Lee County Port Authority (LCPA) and its assets at Southwest Florida International and Page Field Airports. Combined, the Port Authority’s land holdings comprise more than 7,000 acres, including a 28-gate international airport complex that is currently the 54th busiest airport in North America. RERC has conducted market analyses and a long term land use needs analysis for a comprehensive plan amendment to create a mixed use commercial airport support district on the 800-acre former passenger terminal site. RERC is evaluating highest and best use options for the property and developing implementation strategies for the Port Authority to optimize returns on its assets while making strategic infrastructure investments for the future. USSSA Seeks to Enhance its Presence in Florida Osceola County recently announced its intention to support development of a new athletic complex that would be operated by USSSA. RERC has been retained by investors to evaluate the facility’s impacts on jobs, tax collections, and related development should the facility be implemented according to the specifications of USSSA. A minimum of 200,000 hotel room nights could be generated by competitions, training, and other events at the sports complex according to information made available by USSSA. Florida Development Association Expands Certification Program The Florida Redevelopment Association recently launched its certification program for manager’s of the state’s many community redevelopment areas. The certification is available after completion of classes totaling a specified number of hours and periodic testing. In conjunction with the University of Central Florida’s Institute of Government, RERC was selected to prepare course materials, instructional outlines, lecture notes, and tests for two of the courses focusing on the use of incentives and capacity building. The downtown campus of Orlando Health is among the largest hospitals in Florida. Its current master plan envisions almost one billion dollars in new facilities that would be located on this campus and in nearby areas. Working with other consultants, RERC, has estimated the spin-off impacts of these activities, specifically looking at supportive investments from the private sector, additional employment growth beyond hospital needs, annual payrolls, and public revenues generated by construction and operations. The results of these initiatives have encouraged public participation for certain critical infrastructure and advanced the creation of a special district for coordinating improvement activities in the broader area. RERC is pleased to announce the availability of two advanced planning programs offered by the University of Central Florida (UCF) and Rollins College respectively. The new programs reflect both the importance of planning education and the role of this region in responding to emergent trends in the built environment. Both programs expect to be accepting students soon. Owen Beitsch, PhD, one of the firm’s principals, is on the advisory board of the UCF program and serves as faculty to the department. Real Estate Research Consultants Retained by UCF RERC was retained by the University of Central Florida's Office of Research and Commercialization to evaluate the real estate and financial aspects of the proposed building donation. After conducting an engineering survey of the 100,000 square-foot building and exploring the options available to UCF for effective utilization of the manufacturing facility and attached office space, RERC recommended that the university accept the donation with a few minor adjustments to the financial elements of the deal terms. Real Estate Research Consultants Appoints New CEO Economic advisory firm Real Estate Research Consultants (RERC) has appointed Matthew S. Taylor as Chief Executive Officer of the 23-year old firm. Taylor joined RERC in January 2005 and has served as the firm’s Chief Operating Officer for the past two years. Real Estate Research Consultants Appoints New CFO Local economic advisory firm Real Estate Research Consultants (RERC) recently appointed David R. Darsey as Chief Financial Officer of the 23-year old firm. Mr. Darsey joined RERC in July 1992. He has been a shareholder in the firm since 2000 and has served as Secretary and as Treasurer of the Board of Directors. Principal of Real Estate Research Consultants Elected to AICP College of Fellows Real Estate research Consultants, Inc. (RERC) is pleased to announce that Owen Beitsch, PhD, one of the firm’s principals, was recently elected to the College of Fellows by the American Institute of Certified Planners (AICP), the highest honor that can be bestowed upon a professional planner. He joins about 375 other individuals nationwide who have been elected to the College since it was founded. He is one of only three individuals recognized in Florida during the current year for his accomplishments in professional practice. Impacts of Burnham Institute on Seminole County Real Estate Research Consultants, Inc. recently completed an analysis of Seminole Way as a high-tech corridor that will benefit from the ecconomic engine developing at Lake Nona. (Reproduced with permission of Success in Seminole Magazine.) Real Estate Research Consultants to Analyze UCF Research Impacts Real Estate Research Consultants (RERC) recently was retained by the Florida High Tech Corridor Council (FHTCC) and the University of Central Florida Office for Research and Commercialization... Bowling Green Daily News More opt for renting than owning homes in BG... 75-Unit Affordable Housing Project Planned for Downtown Bradenton, Florida RERC prepares request for proposal for the Bradenton Downtown Development Authority that attracts qualified multi-family developers to downtown site. |
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NOT IN OUR BACKYARD. Plans, planners, regulators and others thwart affordable housing. By Owen Beitsch, PhD, AICP, CRE Property taxation, rhetoric, and reality in Florida. The unchanged burden. by Owen Beitsch, PhD, AICP, CRE The Great Depression II? Robin Wells contributes annually to News & Views - A Quarterly Publication of Central Florida Builders' Exchange And how will Florida's counties grow? Presentation to the Florida Redevelopment Association Central Florida Regional Conference in June 2009 By Owen Beitsch, PhD, AICP, CRE |
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