ELEVATE SOUTH LOOPpdnachicago.com/PDNA Events/PDNA Presentation_April 14, 2014_2nd Pres.pdfTIFs...

ELEVATE

SOUTH LOOP

PDNA MESSAGE

Welcome and Passover Acknowledgement – Pastor David Neff

PDNA Organization Update – PDNA Tina Feldstein

PDNA Partners Spotlight – PDNA Tina Feldstein

PDNA Education Update – PDNA John Jacoby

South Loop Development Update – PDNA Jeff Ayersman

Introduction of Special Guests – 3rd Ward Alderman Pat Dowell

Overview of McCormick Expansion Site Plan – Planning, Brad McConnell

Hotel and Event Center - Design, Financing, Schedule – MPEA, Jim Reilly

Centerpoint Data Center – Alderman Dowell, Architect, Jeff Miller

Pocket Park – Alderman Dowell, Architect, Jeff Miller

Digital Realty – RR Donnelly Building

Rees House Relocation – Planning Historic Preservation, Dijana Cuvalo

Traffic and Parking Plans – Don Jakesch

Security Plans – Planning, Brad McConnell

Legislative Schedule – Planning, Brad McConnell

Q and A

PDNA AGENDA

PDNA Spotlight

PDNA Named

Constant Contact

"ALL STAR"

4 Years in a Row!

Thank you to all our friends

and supporters for making

the PDNA a vibrant and

successful community

organization. Your

continued support allows

us to provide outstanding

events and advocacy for

the South Loop.

Be sure to like our PDNA Facebook and follow our PDNA Twitter handle (PDNAChicago). You can keep up with friends and neighbors, view and post photos and announcements or just learn about the latest happenings in the #SouthLoop!

Contact: pdna.chicago@gmail.com Website: pdnachicago.com

PDNA Social Media

Become a Connected Fan!

PDNA Event Spotlight

2014 Toast of

the South Loop Friday, June 6th at

Glessner House

PDNA Thank You to

Our Community Partners

The PDNA would like to thank Second Presbyterian Church for hosting our community meeting.

The PDNA would like to thank our strategic partners the Chicago White Sox for their continued support and generous game ticket sponsorship. Enjoy a game this summer!

The PDNA is proud to spotlight our business Partner,

Chicago InHealth Center located at 1845 S. Michigan Avenue.

PDNA partners with the KICS CUP, the ultimate annual metropolitan youth soccer tournament in the US! July 19-26, 2014. Teams from local, regional, national and international destinations will come to Chicago to compete for the Cup!

Dr. Iris Zhao and Dr. Graham Pommerehn

www.chicagoinhealthcenter.com

Dr. Iris Zhao and Dr. Graham Pommerehn

www.chicagoinhealthcenter.com

PDNA Education Update

SOUTH LOOP EDUCATION

City Liabilities

• FUNDING DEFICIT STATUS OF CITY PENSION FUNDS

• MEABF $8.5 B 38%

• LABF $1.0 B 58%

• FABF $3.0 B 25%

• PABF $7.0 B 36%

PDNA Education Update

City Liabilities

• City Long and Short Term Debt Payment Schedule (before last scoop and toss)

• 2011 $1.19 B

• 2012 $1.58 B

• 2013 $1.45 B

• 2014 $1.65 B

• 2015 $1.63 B

• 2016 $1.62 B

PDNA Education Update

City Liabilities

• Pension Contributions (current schedule,

in millions)

• 2012 $476

• 2013 $479

• 2014 $483

• 2015 $1,073

• 2016 $1,107

• 2017 $1,257

PDNA Education Update

What does this have to do with Education?

Have some patience and I will tie it up

PDNA Education Update

South Loop Elementary Map

South Loop Elementary School

• Built to accommodate 520 students

• Two classrooms each grade K-8 for a total of 18 classrooms

• Current CPS census, 27 classrooms and 825 students

• Classrooms being held in every resource room including art, dance and library

PDNA Education Update

S. Loop Elementary

• What about the Gifted Phase out?

• This year enrolled 94 kindergarten students

• Graduated less than fifty

• Will graduate 59 this year, 75 next year

• So phase out slowed crisis, did not solve it

• New Housing units coming on line

PDNA Education Update

National Teacher’s Academy Map

NTA Status

• Built to accommodate 4 classrooms K-8

• 36 Classrooms plus expansive resource rooms

• Student capacity of 1100 or more

• Current CPS census, 20 classrooms 520 students

• Census includes outside programs

PDNA Education Update

CTE Preference Map

Qualifications and acceptance process

Limited to 75 per year

Over 1000 applicants for first entry class

Awaiting numbers

from CPS, but likely already not serving need

Phillips Academy HS Map

Phillips Academy Status

• Under enrolled, 564 students

• On CPS probation for 18 years

• Boundary is meaningless in terms of attendance

PDNA Education Update

Tying Everything Together

• TIFs – Tax Increment Funding

• At TIF creation, a Base “EAV” is created

• For the next 23 years, all taxes above the EAV go into the TIF, for example the Near South TIF

• The Near South TIF is the richest TIF by far

PDNA Education Update

TIFs

• In 2012 according to David Orr’s website, the Near South TIF brought in $65.3 million, or nearly 15% of the City’s entire TIF collection

• Makes sense, look at the tax base in 1994

(was set to expire in 2017)

• Orr has a great website on TIFs

• For my property 91% of my taxes go to the Near South TIF

PDNA Education Update

TIFs, Schools, City Budget Crisis and MPEA

• Community leaders in this area have advocated for a REAL K-12 public school for many years

• One does not currently exist

• A prior plan, approved by CEO Huberman

but never enacted, collapsed the S. Loop

and NTA boundaries and used the combined

school assets for K-12.

PDNA Education Update

Conclusion

• At this point it would likely require an additional building on the NTA campus to make it work

• TIF dollars are likely the only source of a capital infusion

• Either the school issues get fixed or the tax base relocates to the suburbs, especially with taxes destined to go way up.

PDNA Education Update

SOUTH LOOP

DEVELOPMENTS

PDNA UPDATE

1333 S. Wabash

2001 S. State

2000 S. Wabash

LAKESIDE BANK

14th and Michigan

LAKESIDE BANK

14th and Michigan

1900 S. Calumet

1900 S. Calumet

1900 S. Calumet

1900 S. Calumet

1900 S. Calumet

1900 S. Calumet

Alderman Pat Dowell and Introduction of speakers

PDNA Special Guests

Elevate Chicago is the development strategy that will increase

Chicago’s convention and tourism businesses through expansion of

the McCormick Place campus and the redevelopment of Navy Pier.

• Will enhance McCormick Place’s status as the nation’s largest

convention center and keep it competitive

• Will spur redevelopment of the surrounding neighborhood to benefit

both residents and visitors

Northeast Corner 21st Prairie

Initial rendering before redesign

Initial rendering before redesign

Initial rendering before redesign

Initial rendering before redesign

Overall Contextual Site Plan

Ground Level Pedestrian Plaza

Floor Plans

21ST St. Streetscape View Looking Southwest

redesign

Data Center is 12 stories (23 feet per story or 270 Feet to roof line)

Perspective View Looking Southwest

Data Center is 12 stories (23 feet per story or 270 Feet to roof line)

Perspective View Looking Northwest

Data Center is 12 stories (23 feet per story or 270 Feet to roof line)

Perspective View Looking Southeast

Data Center is 12 stories (23 feet per story or 270 Feet to roof line)

Harriet F. Rees House 2110 S. Prairie

Metropolitan Pier & Exposition Authority (MPEA) – Applicant

Neal & Leroy, LLC – MPEA representative

Thornton Tomasetti – Project manager

McGuire Igleski & Associates – Architect

Bulley & Andrews – Construction manager/general contractor

Wolfe House & Building Movers – Structural Mover

Relocation of the Harriet F. Rees House and coach house to a

vacant lot at 2017 S. Prairie Avenue

First Floor

1911 Sanborn Map – 2100 Block of S. Prairie Current Context

2017 S. Prairie

William Reid House

Wheeler-Kohn House

2017 S. Prairie

Existing Concrete Retaining Wall

William Reid House

2017 S. Prairie 2013 S. Prairie

Rees House

Front Stone Porch

Existing Basement Photographs

Preliminary Steel Layout

Rees House

Preliminary

Dolly Layout

Example of House Supported in Preparation for Moving Dollies

Proposed First Floor Plan

Proposed Building Section

Rees House

2017 S. Prairie