Oct 28, 2026 City Council B Session

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>> MAYOR JONES: UF GOOD AFTERNOON, THE TIME IS NOW 2:03 P.M. ON WEDNESDAY, OCTOBER 28, 2006, AND THE CITY OF SAN ANTONIO B SESSION IS CALLED TO ORDER. MADAM CLERK, PLEASE CALL ROLL.

>> CLERK:

[ BRIEFING ONLY  ]

>> WALSH: THANK YOU, MAYOR. GOOD AFTERNOON, MAYOR AND COUNCIL. SO TODAY'S UPDATE IS ALL THINGS DOWNTOWN, REALLY MINUS THE ARENA CONVERSATIONS. WE'RE GOING TO UPDATE YOU ON THE FEASIBILITY OF THE CONVENTION CENTER EXPANSION, THE ALAMODOME IMPROVEMENTS OVER THE NEXT 10 YEARS, WE'LL GIVE YOU A FINANCIAL UPDATE, GIVE YOU THE -- AN UPDATE ON THE DISTRICT COST OF SERVICES STUDY THAT WE EMPLOYED, THE ACCESSIBILITY AND MOBILITY STUDY THAT WE CONTRACTED FOR. WE'LL GIVE YOU A QUICK UPDATE ON RECONNECTING COMMUNITIES, THAT WORK WILL NOT BE DONE UNTIL THE END OF THE CALENDAR YEAR. WE'LL TOUCH UPON COMMUNITY ENGAGEMENT, AND THEN NEXT STEPS AND SOME RECOMMENDATIONS THAT WE HAVE FOR YOU BETWEEN POPULOUS, BEN, SHANNON, THEY'LL DO THE PRESENTATION, SO I'M GOING TO TURN IT OVER TO BEN TO KICK US OFF AND TO INTRODUCE MICHAEL FROM

POPULOUS. GO AHEAD. >> GORZELL: GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS, AS ERIK SAID, WE'VE GOT A NUMBER OF DIFFERENT TOPICS WE WANT TO COVER WITH YOU TODAY.

THE FIRST WILL BE AN UPDATE ON THE FEASIBILITY STUDY FOR THE CONVENTION CENTER EXPANSION. MICHAEL LOCKWOOD WITH POPULUS IS HERE TODAY TO GIVE THAT PRESENTATION, SO I'M GOING TO TURN IT OVER TO MICHAEL.

>> LOCKWOOD: GOOD AFTERNOON, MAYOR AND COUNCILMEMBERS.

I'M MICHAEL LOCKWOOD WITH POPULUS AND I'LL BE PROINDING AN OVERVIEW UPDATE TODAY FOR THE CONVENTION CENTER PORTION OF THE SPORTS AND ENTERTAINMENT DISTRICT. OKAY. I'D LIKE TO START WITH GIVING YOU SOME CONTEXT OF THE INDUSTRY INVESTMENT.

THIS IS HELPFUL FOR US TO UNDERSTAND HOW CONVENTION CENTERS ARE BEING INVESTED IN OVER TIME. IF YOU SEE ON THIS -- THIS GRAPH NATIONALLY, THE REBOUND FROM THE PANDEMIC, FROM COVID, HAS BEEN QUITE SUBSTANTIAL.

I THINK ONE THING EVERYBODY LEARNED DURING THE PANDEMIC WAS THAT MEETINGS WERE TRENDING TOWARD VIRTUAL AND ONLINE, AND PEOPLE QUICKLY UNDERSTOOD THAT COMMUNITIES REALLY SURVIVE AND THRIVE OFF OF INVITING GUESTS AND CONVENTIONS AND MEETINGS TO THEIR DESTINATIONS.

YOU CAN SEE A VARIETY OF INVEST MS THAT HAVE HAPPENED DURING AND POSTCOVID. WE'RE WORKING ON A NUMBER OF THESE PROJECTS THAT BRING A LOT OF CONTEXT AND HAPPY TO ANSWER QUESTIONS REGARDING THESE, BUT I'LL TALK ABOUT A FEW OF THESE HERE.

IN LOS ANGELES, WE'RE DESIGNING A MAJOR EXPANSION FOR DOWNTOWN.

THE CORE AND SHELL OF THAT PROJECT WILL BE READY FOR THE OLYMPIC GAMES IN 2028, SO THERE'S SOME GREAT PRESSURE THERE IN TERMS OF LOS ANGELES WELCOMING THE WORLD TO THE CONVENTION CENTER. IT WILL HOST OVER A DOZEN EVENTS FOR THOSE OLYMPIC GAMES AND THEN BE FINISHED OUT AFTER THOSE GAMES ARE DONE. ACROSS THE COUNTRY IN BOSTON, THEY'VE BEEN LOOKING AT AN EXPANSION TO THE MCEC FACILITY THAT IS CURRENTLY IN PLANNING. WE'VE BEEN WORKING ON SOME FEASIBILITY COMPONENTS FOR THEM AS WELL. AND CLOSER TO HOME IN TEXAS, PROJECTS IN FORT WORTH, AUSTIN, DALLAS AND HOUSTON, ALL OF THESE PROJECTS ARE CURRENTLY UNDER CONSTRUCTION.

THEY ALL TAKE ON VERY DIFFERENT NATURES BECAUSE OF THEIR URBAN LOCATION.

I'M GOING TO SPEAK TO THAT IN TERMS OF SAN ANTONIO.

IN HOUSTON, IT WILL BE THE FIRST PROJECT COMPLETED IN 2028.

THE STEEL IS BEING ERECTED RIGHT NOW. DALLAS IS CURRENTLY BEING DEMOLISHED, A PORTION OF THE BUILDING WAS SAVED AND USED AS THE INTERNATIONAL BROADCASTING HEADQUARTERS.

FORT WORTH AND AUSTIN ARE ALSO UNDER CONSTRUCTION. AUSTIN IS PUTTING THEIRIX

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AS FAR AS CONVENTION CENTERS ARE CONCERNED, THIS OCCUPANCY IS FOR EXHIBITION HALL SPECIFICALLY. THERE ARE ALSO MEETING AND BALLROOM SPACES THAT GO ALONG WITH THESE SPACES BUT THESE ARE THE PRIMARY INDICATORS WHEN A CONVENTION CENTER SHOULD LOOK TO EXPAND.

IF YOU EXCEED 70% OF OCCUPANCY IN THE EXHIBIT HALL, YOU NEED TOAKS PANDEMIC THE BUILDING. THAT MEANS YOU'RE TURNING AWAY CUSTOMERS.

WHEN YOU LOOK AT THE LAST FEW YEARS FROM '23 TO '24 TO '25, AS WE REBOUNDED FROM COVID, WE'RE EXCEEDING THAT PRACTICAL MAXIMUM RIGHT NOW AT 75%. I WANT TO HIGHLIGHT THE NOTE AT THE BOTTOM OF THE PAGE IN 2018 AND 2025, SAN ANTONIO HOSTED THE FINAL FOUR, SO THE CONVENTION CENTER ABSOLUTELY PLAYED A VITAL ROLE IN HOSTING EVENTS LIKE THE FINAL FOUR, SO SOME PERCENTAGE POINTS ARE ATTRIBUTED TO THE FINAL FOUR ITSELF, BUT EVEN SO IF YOU REDUCED OR ELIMINATED THE FINAL FOUR OCCUPANCY OF THE EXHIBIT HALLS, YOU WOULD STILL BE ABOVE THAT PLACT CAL MAXIMUM IN BOTH OF THOSE YEARS. I WANT TO SPEND SOME TIME ON THIS SLIDE. THERE ARE A LOT OF NUMBERS AND EACH OF THESE NUMBERS ARE INCREDIBLY IMPORTANT TO OUR CONVERSATION.

SO IF YOU LOOK ON THE FAR LEFT, CONVENTION CENTERS ARE MADE UP OF THREE PRIMARY SPACES THAT ARE SOLD TO THE MARKET, EXHIBITION SPACE, BALLROOM SPACE AND MEETING ROOM SPACE. TODAY WE HAVE 514,000 SQUARE FEET OF CONTIGUOUS EXHIBIT HALL SPACE, WE HAVE TWO BALLROOMS AND MEETING SPACE, WE HAVE OVER 120,000 SQUARE FEET OF SELLABLE MEETING SPACE. SO YOUR CURRENT TOTAL SELLABLE INVENTORY IS OVER 728,000 SQUARE FEET. WHAT'S IMPORTANT ABOUT THESE NUMBERS SPECIFICALLY ARE WE WANT TO GROW EACH OF THOSE NUMBERS, BUT WE ALSO WANT TO GROW THEM IN PROPORTION TO EACH OTHER. SO MEETING PLANNERS AND CONVENTION AND DESTINATION PLANNERS ARE LOOKING FOR THE TOTAL PACKAGE.

THEY'RE NOT ONLY LOOKING FOR EXHIBITION SPACE BUT THE TOTAL.

THE TARGETED EXPANSION, THE RECOMMENDED EXPANSION WHICH WE'LL TALK IN MORE DETAIL THROUGH THIS PRESENTATION GROWS EACH OF THESE CATEGORIES VERY STRATEGICALLY. SO FOR THE EXHIBITION HALL WE GROW FROM 515 TO 650 CONTIGUOUS, 650,000 SQUARE FEET. THE BALLROOM SPACE WE'RE ADDING A 50,000 SQUARE FOOTBALL ROOM TO GET TO 144 TOTAL AND MEETING SPACE WE'RE ADDING TO GET TO 143,000, GROWING ALL OF THOSE SPACES AGAIN, PROPORTIONATELY TO EACH OTHER, AND THE TOTAL RECOMMENDED IS $850 MILLION. WHAT WE'VE BEEN WORKING REALLY HARD ON THE PAST FEW MONTHS IS HOW CAN WE POSSIBLY PHASE THIS PROJECT SHOULD THE FUNDING OR FINANCING BE DELAYED OR NOT WORK OUT IN OUR FAVOR TO GET TO THE 850, CAN THIS SOLUTION BE PHASED? AND THE ANSWER IS, YES, IT CAN. AND IT CAN BE PHASED VERY SMARTLY.

SO I'M GOING TO JUMP TO PHASE 1 OF THE EXPANSION, WHICH IS EXPANDING THE EXHIBIT HALL IN FULL TO GET TO THAT SIX 50,000 SQUARE FEET, DESIGNING THE BALLROOM WITH MAXIMUM FLEXIBILITY SO THAT IF PHASE 2 IS DELAYED, WE CAN ACTUALLY USE PORTIONS OF THAT BALLROOM AS MEETING SPACE TO GROW THE BUSINESS PROPORTIONATELY. SO THE ASTERISKS ON THOSE TWO NUMBERS, THE 50,000 SQUARE FOOTBALL ROOM AND THE 8,000 SQUARE FOOT OF MEETING SPACE, THOSE ARE DOUBLE COUNTED BECAUSE WE'RE DESIGNING THAT BALLROOM TO BE VERY FLEXIBLE. IT CAN BE USED AS A BALLROOM OR AS MEETING ROOMS, AND THAT'S GOOD FOR THE MARKET, TO INCREASE FLEXIBILITY SO WE CAN ADAPT THE BUILDING TO WHAT MEETING PLANNERS NEED. THAT BEING SAID, WE ABSOLUTELY NEED THAT SECOND PHASE TO BE A SUCCESSFUL PROPORTIONAL CONVENTION CENTER.

SO BEST CASE SCENARIO IS EVERY SPACE IS BEING USED, WE NEED THAT NEW BALLROOM TO BE USED AS A BALLROOM, HENCE ADDING THE 36,000 SQUARE FEET OF MEETING ROOMS THAT BRINGS US UP TO THAT FULL PROPORTION ALEX PAN SHUN THAT'S RECOMMENDED -- PROPORTIONAL EXPANSION THAT'S RECOMMENDED THERE. PHASE 2 WOULD BE AN ADDITIONAL $150 MILLION.

PHASE 1, $700 MILLION. THIS IS A DIAGRAM THAT SHOWS THE EXPANSION WOULD GO IN TERMS OF THE WEST PORTION OF THE BUILDING. TODAY THE BUILDING, THE BRIDGE HALL EXPANDS OVER THE GROTTO AREA. THE RIVER STOPS SHORT OF THE GROTTO AREA, THERE'S A TURNAROUND THERE THAT BRINGS GUESTS OUT TO THE RIVERWALK AREA. AT THE LOWEST LEVEL, YOU'LL SEE THE MEETING ROOMS AND THE POTENTIAL PHASING THAT,'S THE CURRENT GROTTO AREA.

SOME ARE USED ON THE EAST SIDE. THE WEST ARE NOT.

THE WEST THAT FACES CIVIC PARK IS CURRENTLY THERE, BUT IT'S NOT BEING

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IT'S BEEN 10 YEARS AGO NOW, IN SIDNEY, AUD AWE STRAIL YEAH.

THE CONCERN WAS THAT IT WOULD NEGATIVELY IMPACT THE AREA AROUND IT.

WE DESIGNED IT IN A WAY THAT EXPANDED THE PUBLIC SPACE AND BETTER INTEGRATED WITH THE COMMUNITY AROUND IT. WHILE THIS IS A VERY TECHNICAL SECTION, YOU'LL SEE THAT IT'S SIMILAR TO THE OPPORTUNITIES HERE IN SAN ANTONIO. AND THE RESULTS ARE THESE: THIS IS A PARK IN AUSTRALIA, IN SIDNEY. THIS IS THE BUSIEST PUBLIC SPACE IN ALL OF AUSTRALIA, THEY WELCOME ALMOST 30 MILLION VISITORS A YEAR TO THIS SPACE. SO WE DESIGNED A CONVENTION CENTER THAT WOULD ACCOMMODATE THE COMMUNITY ENGAGEMENT, EVERYBODY LIVES IN THIS ONE SPACE. WHEN YOU TALK TO CUSTOMERS, CUSTOMERS AND ASK THEM WHAT THEY WANT IN TERMS OF HOW A CONVENTION CENTER CAN INTERACT WITH THE COMMUNITY, THIS IS WHAT THEY DESCRIBE, AND WE WERE ABLE TO BUILD IT IN SIDNEY. IT'S BEEN A HUGE SUCCESS SINCE. SO I CAN IMAGINE SOMETHING LIKE THIS FOR SAN ANTONIO, WHETHER THAT BE ON THE SOUTH FACADE OF THE BUILDING AS THE BUILDING INTERACTS WITH YANAGUANA GARDENS, OR TO THE WEST FACADE IN THE NEW CIVIC PARK. THE BUILDING WILL ABSOLUTELY BE AN ACTIVE PARTICIPANT TO THE DISTRICT AND SUPPORT THE COMMUNITY ENGAGEMENT OF THAT SPACE AS WELL. I WANT TO GO THROUGH THE BENEFITS OF OUR TARGETED EXPANSION, SO THIS REFERENCES THE INITIAL SLIDE WITH THE SQUARE FOOTAGES. I'M GOING TO GO THROUGH THESE ITEMS ONE AT A TIME. SO THE FIRST ITEM HERE IS THE 26% INCREASE IN CONTIGUOUS EXHIBITION SPACE. SO THAT'S TAKING THAT 514,000 SQUARE FOOT CURRENT SPACE AND EXPANDING IT TO 650. 53% INCREASE IN BALLROOM SPACE, SO THE ADDITIONAL 50,000 SQUARE FOOTBALL ROOM, IT PROVIDES A HUGE JUMP IN BALLROOM SPACE WHICH IS MORE BAN QUETING, MORE BREAKOUT SPACE, MORE FLEXIBILITY. THE RA RATIOS OF THESE SPACES TO EACH OTHER ARE VERY IMPORTANT. WE WANT TO MAKE SURE WE'RE GLOWING ALL THE SPACES IN ACCORDANCE WITH EACH OTHER, AND THIS OPTION ACHIEVES THAT. INCREASED MARKETABILITY, SO AS WE GROW ALL OF THOSE SPACES, WE'RE ABLE TO GAIN MORE MARKET SHARE AND I'LL ADDRESS THAT IN A MINUTE, IN A FEW SLIDES. ON-TREND BASED ON MARKET AND CUSTOMER DEMANDS. SO EVERYTHING I MENTIONED IN TERMS OF WHAT OUR MEETING PLANNER'S LOOKING FOR, WHAT IS THE COMMUNITY LOOKING FOR IN TERMS OF HOW THIS BUILDING CAN INTERACT WITH THE DISTRICT AND THE PARKS AROUND US, WE'RE CERTAINLY ON TREND THERE.

HEMISFAIR PARK AND SPORTS AND ENTERTAINMENT DISTRICT INTEGRATION I'VE MENTIONED, THAT WILL BE EXECUTED IN THE DESIGN PHASE, WHICH IS NEXT.

BUT THIS PROJECT IS SET UP VERY WELL TO MAXIMIZE THOSE INTEGRATION OPPORTUNITIES. AND THEN PHASING CAPABILITIES, AS I'VE MENTIONED, THE FACILITY, THE BLOCK PLANNING DONE RIGHT NOW ALLOWS FOR AN INITIAL INVESTMENT TO BE SUCCESSFUL AND THEN FOLLOW-UP INVESTMENTS TO ALSO BE SUCCESSFUL, AND ONE IS NOT DEPENDENT UPON THE OTHER IN TERMS OF PLANNING AND DESIGN. IN TERMS OF EXHIBITION SPACE, THIS IS A CHART THAT SHOWS WHERE WE CURRENTLY STAND AT 513,900.

THAT'S OUR CURRENT CONTIGUOUS HALL. WE WOULD GO TO 650,000 SQUARE FEET OF CONTIGUOUS SPACE WHICH WOULD PUT SAN ANTONIO TO TOP 10.

THAT'S A VERY IMPORTANT NUMBER TO ACHIEVE FOR A CITY THIS SIZE, GROWING CITY OF THIS SIZE. FROM MEETING SPACE TO EXHIBIT HALL RATIO, THIS IS THE DATA THAT BACKS UP HOW THE MEETING ROOM PROGRAM IS MEASURED AGAINST THE EXHIBITION HALL PROGRAM AREAS. SO YOUR CURRENT RATIO TODAY IS .23. WE WANT TO ABSOLUTELY MAINTAIN THAT AND GROW THAT WHERE WE CAN. SO PHASE 1, MAINTAINS THAT .23 BY DESIGNING THE BALLROOM TO BE FLEXIBLE, SO WHEN IT NEEDS TO BE MEETING SPACE, IT COULD BE MEETING SPACE TO MAINTAIN THAT .23 RATIO, BUT THAT SECOND PHASE ALLOWS US TO GROW INTO THAT .25 RATIO, SO THAT'S THE SWEET SPOT WE WANT TO BE IN AND THE EXPANSION IS PLANNED TO DO THAT. MY LAST SLIDE HERE IS THE TARGETED EXPANSION MARKET CAPTURE. SO WHILE CONVENTION CENTERS HOST FULL FACILITY SHOWS, SO THAT'S SOMEBODY COMING IN AND USING THE ENTIRE BUILDING, THAT'S FANTASTIC.

WHAT WE REALLY WANT TO DO IS DESIGN THE EXPANSION TO HOST TWO OR THREE EVENTS EITHER SIMULTANEOUSLY OR BACK-TO-BACK.

SO SOMETIMES THESE ARE REFERRED TO AS STACKED EVENTS, SO YOU CAN

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THAT'S A GREAT PLACE TO BE. AND IN ADDITION TO THAT, YOU LOOK AT THE THIRD OPTION DOWN THERE WHERE YOU HOST THREE EVENTS, SO WE HAVE THREE FACILITIES THAT ARE CAPTURING 73, 74 AND 84% OF THE MARKET.

SO, AGAIN, DESIGNING THE FULL FACILITY IN CONFIGURATION A GETS US OVER 95% OF MARKET SHARE, THEN AS YOU BREAK IT DOWN IN TWO OR THREE EVENTS WE'RE STILL CAPTURING A SUBSTANTIAL MAJORITY OF THE MARKET IN THE INDUSTRY MARKET. I AM NOW GOING TO HAND IT OVER TO MARIO WITH VISIT

SAN ANTONIO. >> MAYOR JONES, CITY COUNCIL, GOOD AFTERNOON.

YOU HAVE SEEN THIS SLIDE BEFORE. I'VE SHARED IT A COUPLE DIFFERENT TIMES DURING OUR BUDGET SESSIONS TOGETHER.

ESSENTIALLY IT IS DESIGNED TO ILLUSTRATE THE NEED FOR OUR CONVENTION CENTER EXPANSION AS JUST WAS SHARED.

IT'S A SLIDE REGARDING OUR BOOKING PACE, WHICH BASICALLY TELLS US HOW FAST OR HOW QUICKLY ROOM NIGHTS ARE BEING BOOKED FOR FUTURE DATES AS COMPARED TO A SPECIFIC BENCHMARK. IN THIS CASE, 2017 THROUGH 2017, 2019 WHICH HAS BEEN OUR HISTORICAL BENCHMARK, OUR BEST YEARS ASSOCIATED WITH THE CONVENTION CENTER.

YOU CAN SEE FROM 2026 TO 2030, WE ARE CURRENTLY HOLDING OUR OWN.

WE'RE EITHER AT LEAST AT PACE OR EVEN AHEAD OF PACE AS COMPARED TO OUR TEXAS COMP SET SPECIFICALLY DALLAS, FORT WORTH AND AUSTIN, OR BELOW THOSE AVERAGES DURING THAT SAME TIME PERIOD, AS THEY SHOULD BE. RIGHT? AS YOU JUST HEARD, ALTS DOESN'T HAVE A CONVENTION CENTER, AND ESSENTIALLY, HALF OF DALLAS IS NOT BEING UTILIZED RIGHT NOW. THAT INVERSES AS SOON AS WE GET TO 2031 TO '33 AND YOU CAN SEE WHERE OUR GROUP BOOKING PACE BASICALLY DROPS, FALLS OFF, AS WELL AS THE TEXAS COMP SET CONTINUES TO CLIMB.

THAT HAS EVERYTHING TO DO WITH THE CONVENTION CENTERS THAT ARE OPENING UP AND THE INVESTMENTS THAT ARE BEING MADE. WE'VE CONTINUED TO MAKE SOME HEADWAYS AS WE ENDED OUR FISCAL YEAR. AT THE END OF SEPTEMBER, BUT THAT GAP CONTINUES, AND NO MATTER HOW I SLICED OR DICED THE DATA, HERE IT'S COMPARED TO '17 THROUGH '19, COMPARED TO THE SAME TIME LAST YEAR OR THROUGH '23 OR '25 AVERAGES, IT STILL SHOWS A DEFICIT IN THE UPCOMING YEARS OF '30, '31 AND '32. VERY MUCH THIS CONVENTION CENTER EXPANSION IS NEEDED. AT THIS TIME, I'LL T

TURN IT BACK OVER TO BEN. >> GORZELL: SO, MAYOR AND COUNCIL, WE'D LIKE TO TALK ABOUT NEXT STEPS ON THE CONVENTION CENTER, AND I DO WANT TO THANK MICHAEL LOCKWOOD AND HIS TEAM.

YOU KNOW, REALLY HAD TO GO BACK AND KIND OF LOOK AT SOME PHASING OPTIONS FOR THE KOAFN CENTER. AS YOU CALL LAST YEAR WHEN WE WERE TALKING ABOUT THE EXPANSION WE TALKED ABOUT A TOTAL BUDGET AROUND $750 MILLION. WE THINK THE TOTAL PROGRAM AS HE OUTLINED IS CLOSER TO $850 MILLION. WE CONTINUE TO EXPERIENCE KIND OF SOME UNCERTAINTY, OBVIOUSLY FROM AN ECONOMIC AND FINANCIAL PERSPECTIVE, SO WE THOUGHT THE PHASING WAS AN IMPORTANT ELEMENT THAT WE NEEDED TO GO IN AND LOOK AT AND I THINK MICHAEL AND THE TEAM DID GREAT JOB OF COMING UP WITH SOMETHING THAT IS WORKABLE, THAT WE CAN DO IN THE INTERIM, AND THEN COME BACK AND FINISH OUT THAT SECOND -- THAT SECOND PHASE.

SO WE WOULD LIKE TO MOVE FORWARD WITH A SOLICITATION FOR THE EXPANSION OF THE CONVENTION CENTER IN CALENDAR YEAR 2027.

WE WANT TO MOVE FORWARD WITH THE DESIGN OF THE FULL PROGRAM, THAT GIVES US REALLY A LOT OF FLEXIBILITY AS WE KIND OF MOVE FORWARD.

WE'LL WORK WITH OUR EXECUTIVE PROGRAM MANAGER TO DEVELOP A SCHEDULE AND EVALUATE PROCUREMENT OPTIONS. WHAT WE'RE LOOKING FOR IS FLEXIBILITY TO ALLOWS US TO ADJUST TO FINANCIAL CONDITIONS.

WHAT I MEAN BY THAT IF WE WAKE UP IN CALENDAR YEAR 2027 AND THINGS HAVE GOTTEN A LOT BETTER AND THE MARKET HAS REALLY OPENED UP AND RECOVERED FROM THE HOSPITALITY INDUSTRY AND WE SEE CAPACITY THERE, THEN WE HAVE THE ABILITY TO ADJUST AND MOVE THAT SECOND PHASE UP POTENTIALLY AND GET THAT DONE. ON THE FLIP SIDE, IF IT CONTINUES TO BE A LITTLE SOFT AND WE GO INTO CALENDAR YEAR 2027, MOVING FORWARD WITH THAT $700 MILLION INITIAL EXPANSION GIVES US A LITTLE BIT MORE ROOM AND A LITTLE BIT MORE FLEXIBILITY TO ADJUST TO

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WHAT DOES IT NEED FROM ARE A CAPITAL PERSPECTIVE.

LAST YEAR IN OUR PLANNING, WE HAD ASSUMED $110 MILLION, ABOUT $10 MILLION A YEAR OVER A 10-YEAR PERIOD OF TIME. WE HAD A FACILITY CONDITION ASSESSMENT CONDUCTED BY POPULOUS, REVIEWED BY OUR EXECUTIVE PROGRAM MANAGER, THEY'VE SPENT A LOT OF TIME LOOKING AT THAT, PROPOSING A $125 MILLION INVESTMENT OVER THAT 10-YEAR PERIOD.

IT REALLY FOCUSES ON THINGS LIKE TECHNOLOGY SYSTEMS AND EQUIPMENTS THAT ARE REACHING END OF LIFE. THE 10-YEAR WINDOW AS WE'VE TALKED ABOUT PREVIOUSLY KIND OF GOES BACK TO A KEY DECISION POINTS AND ALIGNS WITH THE FINANCIAL PLANNING AND MODELING WE'VE BEEN DOING. FINANCIAL CAPACITY STARTS TO OPEN UP A LITTLE BIT MORE IN THE EARLY 2030S, MID 2030S, SO THIS MAKES SURE THAT THE 'DOME HAS THE CAPITAL IT NEEDS TO CONTINUE TO FUNCTION AND OPERATE, AND THEN PUTS US IN A POSITION, THE CITY IN A POSITION IN 2025 2035, AROUND 2535 WHERE IT CAN MAKE A DECISION ABOUT MAJOR RENOVATION OF THE ALAMODOME OR WHAT WE DECIDE. SPEND A LITTLE BIT OF TIME TALKING ABOUT THE FINANCIAL UPDATE. I WANT TO START WITH THE FINANCING STRUCTURE FIRST. YOU'VE SEEN VARIATIONS OF THIS BEFORE, BUT ON THE LEFT-HAND SIDE IS THE ARENA FINANCING FOR THE CITY'S CONTRIBUTION TO THE ARENA, THE $489 MILLION.

IT IS COMPRISED OF AND HOW WE GET TO THAT IS WE ARE USING THE SPURS ARENA LEASE, THE RENT THAT THEY PAY FOR THE NEW ARENA, WE ARE USING PROPERTY TAXES COMING OFF OF GUARANTEED TAXABLE VALUE AND GUARANTEED INCREMENT THAT THE SPURS WILL BE GUARANTEEING INSIDE OF THE HEMISFAIR TIRZ, WE'RE USING THE GROUND LEASES FOR THE MIXED-USE PRIVATE DEVELOPMENT AS A REVENUE SOURCE, AND THEN WE'RE USING OUR PROJECT FINANCING ZONE STATE REVENUES ALSO. ALL OF THOSE ELEMENTS GO INTO A FINANCIAL STRUCTURE THAT WE'RE THEN ABLE TO LEVERAGE AND GET TO A $489 MILLION PROPOSED CONTRIBUTION TO THE ARENA. THAT ARENA FINANCING IS WHAT I'M GOING TO REFER TOMORE AS A CONTRACT REVENUE BOND.

WE HAVE TO DEMONSTRATE WE HAVE SOMETHING CALLED COVERAGE.

SO FOR EVERY DOLLAR OF DEBT SERVICE THAT WE HAVE, WE HAVE TO HAVE COVERAGE. MEANING WE'VE GOT MORE REVENUE THAN WE NEED TO COVER THAT DEBT SERVICE. THAT MEANS YOU'RE GOING TO HAVE REVENUE LEFT AT THE END OF THE DAY WHEN WE PAY OUR DEBT. WE ARE MODELING THIS SO THAT THAT EXTRA REVENUE, THAT COVERAGE, IS EXCESS PFZ REVENUE THAT FLOWS OUT OF THIS ARENA FINANCING AND OVER INTO ANOTHER FINANCING MODEL THAT IS GOING TO SUPPORT THE EXPANSION OF THE CONVENTION CENTER AND THE ALAMODOME CAPITAL IMPROVEMENT PROGRAM. SO YOU COMBINE THAT PROJECT FINANCING ZONE REVENUE WITH OUR 2% CONVENTION CENTER EXPANSION HOT WHICH HAS TO BE USED FOR CAPITAL FOR EXPANSIONS, WE USE THAT AS PART OF THAT. AND THEN WE USE A PORTION OF OUR 7% GENERAL HOT, WE COMBINE ALL OF THOSE THINGS INTO A PUBLIC FACILITIES CORPORATION THAT WE HAVE TODAY, THAT IS HOW THE LAST EXPANSION OF THE CONVENTION CENTER WAS FINANCED. WE USED THOSE REVENUE STREAMS AND THEN WE'RE ABLE TO FINANCE IN THIS FIRST PHASE OF THE CONVENTION CENTER, $700 MILLION, AND THE $125 MILLION THAT WE TALKED ABOUT, THE 10-YEAR CAPITAL IMPROVEMENT PROGRAM FOR THE ALAMODOME.

THE ONE ON THE RIGHT IS MORE OF WHAT WE WOULD CALL AN APPROPRIATION DEBT STRUCTURE WHERE THE CITY'S BUDGETS LAWFULLY AVAILABLE REVENUES TO THAT STRUCTURE. WE DON'T NECESSARILY HAVE TO DEMONSTRATE COVERAGE TO THE FINANCIAL MARKET, WE GO OUT AND SELL THESE BONDS BUT WE STILL HAVE TO BE PRUDENT HOW WE STRUCTURE IT BECAUSE AT THE END OF THE DAY, WE STILL HAVE ONLY THESE REVENUE STREAMS TO PAY FOR THIS DEBT SERVICE.

AND THE CREDIT ANALYSIS ON THEM IS VERY DIFFERENT.

OBVIOUSLY, ONE HAS COVERAGE, ONE DOESN'T. THERE'S DIFFERENT CREDIT CRITERIA IN PLACE. IN TERMS OF THE OPERATING PRO FORMA AND THE FINANCING UPDATE, THERE ARE A NUMBER OF DIFFERENT ASSUMPTIONS THAT WE'VE UPDATED, THEY'VE CONTINUED TO CHANGE, BUT SOME OF THE KEY ASSUMPTIONS, I'LL JUST COVER SOME OF THOSE. WE'VE BEEN ASKED A LITTLE BIT ABOUT THIS, SO I'M GOING TO SPEND A LITTLE BIT OF TIME ON THIS SLIDE, I'LL GIVE YOU A FEW NUMBERS, GIVE YOU AN IDEA OF WHEN WE DO THESE NUMBERS, WHAT WE'RE LOOKING AT, THESE THINGS WILL CONTINUE TO GET UPDATED AS WE MOVE FORWARD. WE USE -- WE HAVE BASE MODELS THAT WE USE TO DETERMINE DEBT CAPACITY AND SIZE DEBT.

SO WHEN WE THINK ABOUT HOW MUCH CAN WE FINANCE IN THE ARENA, HOW MUCH OF AN EXPANSION CAN WE DO OF THE CONVENTION CENTER, THE ALAMODOME, IT'S REALLY COMING OUT OF THAT ENTIRE FINANCING STRUCTURE THAT I COVERED ON THE PREVIOUS SLIDE, PLUS AN OPERATING PRO FORMA, BECAUSE OUR 7% HOT

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WE THEN TAKE THOSE MODELS AND WE HAVE ADDITIONAL ASSUMPTIONS THAT STRESS AND TEST THESE MODELS BASED ON DIFFERENT CONDITIONS, BECAUSE WE WANT TO SEE HOW THEY PERFORM. WE KNOW THAT THE ECONOMY AND OUR FINANCIAL POSITION WILL FLUCTUATE AS THE ECONOMY CYCLES, SO WE WANT TO SEE HOW OUR DEBT MODELS, THESE PRO FORMAS, HOW THEY FUNCTION AND HOW THEY OPERATE UNDER THOSE DIFFERENT CONDITIONS.

I'M GOING TO HIGHLIGHT JUST SOME OF THOSE KEY ASSUMPTIONS IN THESE MODELS ON THE REVENUE FORECAST, ON THE CITY HOT SIDE WE'RE TALKING ABOUT BOTH THE 7% GENERAL HOT TAX AND THE 2% EXPANSION HOT.

OUR BASE REVENUE HAS AN ANNUAL GROWTH RATE OF ABOUT 3.5%.

WHAT I MEAN COMPOUND ANNUAL GROWTH RATE, WE'RE TAKING ALL THE PEAKS AND VALLEYS OUT THAT WE INCUR ON AN ANNUAL BASIS AS, AGAIN, THE ECONOMY CYCLES, WE'RE GOING TO HAVE GROWTH YEARS, SOFT YEARS, CONTRACTION YEARS, WE SMOOTH ALL THAT OUT SO WE'RE ABLE TO THEN SIZE DEBT C CAPACITY.

THE OTHER REVENUES HAVE COMPOUND GROWTH RATES FROM 2.7 UP TO 3%.

SOME THAT ARE OVER, SOME THAT ARE UNDER JUST SO WE CAN SEE HOW THE MODEL PERFORMS. THE PFZ, REMEMBER THAT THE STATE GETS TO KEEP THE BASE YEAR REVENUE, WHICH WE'VE BEEN ABLE TO SET NOW AT ABOUT $54.6 MILLION, WE DESIGNATED THAT ZONE IN 2025.

THAT 54.6 MILLION, WE'RE CLOSE TO FINALIZING WITH THE STATE, EXPECT TO WRAP THAT UP IN THE NEXT COUPLE OF WEEKS BUT THAT IS AMOUNT OF ROUGHLY FUNDING THE STATE WOULD KEEP OVER THE NEXT 30 YEARS.

ANYTHING ABOVE THAT IN HOTEL ASSOCIATED REVENUES FOR THE STATE, WE CAPTURE. AND SO, REMEMBER, THAT STRUCTURE IS A LITTLE BIT LIKE A TIRZ. IT STARTS VERY SMALL AND GETS VERY LARGE OVER TIME. AND THEN YOU HAVE THAT CUMULATIVE DOLLAR VALUE THAT WE'RE ABLE TO CAPTURE. OUR BASE REVENUE PROJECTION HERE IS A LITTLE HIGHER, COMPOUND ANNUAL GROWTH RATE OF ABOUT 4.6%. THAT'S JUST RECOGNIZING THAT YOU'RE TALKING ABOUT A THREE-MILE ZONE, REALLY CAPTURING ALL OF DOWNTOWN, THOSE HOTELS, MANY OFS THOUGH HOTELS HAVE OTHER AMENITIES AND STANDARDIZED FIELD SOBRIETIES, SO IT ISN'T JUST HOT TAX, IT INCLUDES THE SALES TAX AND MIXED BEVERAGE TAX FOR BUSINESSES INSIDE OF THOSE HOTELS WHICH IS WHY YOU'RE GOING TO GET A LITTLE BIT MORE GROTH THAN WE WOULD ON -- GROWTH THAN WE WOULD ON JUST HOT. THAT BASE REVENUE MODEL GENERATES ABOUT $1.9 BILLION OVER THE 30-YEAR PERIOD.

THOSE ARE GROSS DOLLARS, THAT'S NOT WHAT WE HAVE AVAILABLE TO SPEND ON A PROJECT. OBVIOUSLY, WE'RE GOING TO FINANCE AGAINST THAT, SO YOU HAVE CARRYING COSTS AND INTEREST COSTS. THE OTHER CHALLENGE AS I MENTIONED IS IT STARTS SMALL AND GETS LARGE. SO IN THE FIRST YEAR, WE'RE PROJECTING SOMEWHERE AROUND 800,000, MAYBE TO A MILLION DOLLARS IN 2026 THAT WE WOULD GET IN INCREMENT. AND THEN BY THE TIME YOU GET TO THE BACK END, YOU'RE IN THE 150 MILLION, SLIGHTLY RANGE, SO IT GROWS SLOWLY OVER TIME, BUT AS YOU CAN -- YES, MA'AM?

>> MAYOR JONES: THE CHART IS SUPER HELPFUL. DO YOU WANT TO SHOW THIS

ON THE SLIDE, ON THE PROJECTOR. >> GORZELL: LET ME SEE IF I HAVE THAT HERE. SO THIS CHART IS -- THIS BASELINE PFZ PROJECTION THAT I MENTIONED THAT TOTALS UP TO $1.923 BILLION, YOU CAN SEE -- AND THIS IS THE LINEAR PROJECTION THAT I MENTIONED.

AND BY LINEAR, AGAIN, YOU SEE IT'S NICE AND SMOOTH, IT STARTS IN 2026, AND IT'S A NICE SMOOTH LINE GOING ALL THE WAY THROUGH 255.

OBVIOUSLY IT'S NOT GOING TO HAPPEN THAT WAY. IT WILL HAVE PEEKS AND VALLEYS AS THE ECONOMY CYCLES UP AND DOWNS. WE WILL SEE FLUCTUATIONS AGAINST THIS, BUT FOR PURPOSES OF MODELING DEBT AND WHAT WE HAVE TO SIZE, WE TAKE THOSE COMPOUND ANNUAL GROWTH RATES AND WE CREATE THIS STRUCK CHEW, WHICH IS NICE AND SMOOTH FROM YEAR TO YEAR, BUT YOU CAN SEE THAT IT STARTS VERY SMALL IN 2026 AT $2.5 MILLION. THAT'S THE LINEAR PROJECTION, THAT'S ASSUMING EVERYTHING'S GROWING AT AN EVEN CONSTANT RATE. OUR ACTUALS ARE COMING IN LOWER THAN THAT, WE'RE PROBABLY AT A MILLION DOLLARS OR SO. IF YOU GO OUT TO THE FAR RIGHT, JUST SLIDE IT BACK TO THE FAR RIGHT A LITTLE BIT, IT GOES ALL THE WAY UP TO $157.6 MILLION BY THE TIME YOU GET TO THE BACK END OF THIS.

SO TO KIND OF PUT IT IN CONTEXT, WHEN I MENTIONED WE RAN DIFFERENT MODELS.

WE HAVE COMPOUND ANNUAL GROWTH RATES THAT RANGE FROM -- THIS ONE'S 4.6%.

WE HAVE THEM FROM 4% UP TO 5.3%. THEY ALL BEHAVE LIKE

[00:30:02]

INTEREST EXPENSE, BECAUSE OF THE TYPES OF BONDS THAT WE'RE ISSUING, YOU'RE GOING TO SEE DIFFERENT -- AND BECAUSE SOME ARE TAX EXEMPT AND SOME ARE TAXABLE, WE HAVE RATES RANGING FROM 5 TO 7%.

DEBT STRUCTURES WE'RE LOOKING AT DIFFERENT TYPES OF BONDS, WE LOOK IN SOME CASES WHICH HELPS US ON REVENUE-GENERATING PROJECTS, FINANCE THEM.

AND THEN ON THE CAPITAL ASSUMPTION SIDE, I KIND OF COVERED THESE ALREADY, WE HAVE BUILT IN THE $700 MILLION PHASE OF THE CONVENTION CENTER, WE HAVE NOT BUILT IN THE SECOND PHASE, $150 MILLION, BECAUSE THAT'S REALLY GOING TO BE DEPENDENT ON FUNDING BECOMING AVAILABLE AND US SEEING SOME RECOVERY OVER THE NEXT COUPLE OF YEARS SO WE WOULD THEN BE ABLE TO FINANCE THAT SECOND PHASE. THE ALAMODOME 10-YEAR CAPITAL PLAN IS BUILT IN AT 125 MILLION OVER 10 YEARS AND SUPPORTS OPERATIONS AND AGAIN ALL THIS STUFF I WENT OVER, WE'LL CONTINUE TO UPDATE THROUGH THE ISSUANCE OF BONDS AND EVEN AFTER THE ISSUANCE OF BONDS, WE CONTINUE TO DO THAT BECAUSE IT ALLOWS US TO MANAGE THAT DEBT AND MAKE SURE WE'RE TAKING APPROPRIATE ACTION. WE'VE TALKED ABOUT THE PEDESTRIAN AND V VEHICULAR IMPROVEMENTS OF THE $30 MILLION ON THE LEFT-HAND SIDE OF THIS SLIDE THAT YOU SAW BEFORE FROM MIKE SHANNON'S PRESENTATION ON THE BOND PROGRAM. THESE ARE THE TXDOT PROJECTS THAT WE'RE ASSUMING, 80% TXDOT, 20% CITY MATCH THAT INCLUDES SIX DIFFERENT PROJECTS THERE, AND THEN SOME 'EM PROVE MS ON DURANGO AND NEW WAY VOA STREET EXTENSION PROJECT. ALL THAT TOTALS UP FROM A CITY PERSPECTIVE OF $35 MILLION. WE HAVE TALKED ABOUT THAT THESE PROJECTS WE BELIEVE WERE ELLIJ TOBL BE FUNDED OUT OF THE PFZ, AND WE TALKED ABOUT THE FACT THAT WE NEEDED TO UPDATE OUR FINANCIAL CAPACITY AND ANALYSIS. WE'VE DONE THAT. THE 35 MILLION FROM THE PFZ, I MENTIONED, WE'RE ALREADY PHASING THE CONVENTION CENTER.

IF WE PUT THAT IN, IT'S GOING TO IMPACT SOMETHING, LIKELY THE CONVENTION CENTER EXPANSION IF WE WERE TO TRY TO FUND THAT UP FRONT. JUST AS A REMINDER, THE TERM SHEET INCLUDED THE PEDESTRIAN AND VEHICULAR IMPROVEMENTS, THE TERM SHEET WITH THE SPURS, SORRY, INCLUDED INVESTMENT OF VEHICULAR IMPROVEMENTS TO BE FUNDED FROM THE CITY'S BOND PROGRAM SO WE ARE RECOMMENDING THAT FUNDING BE INCLUDED IN THE NEXT BOND PROGRAM, SO YOU'LL SEE THAT AS PART OF MIKE SHANNON'S PRESENTATION TOMORROW AS WELL IN THE BOND PROGRAM.

SO WITH THAT, MAYOR, I'M GOING TO TURN IT OVER TO &-ÚF FINANCIAL OFFICER WHO'S GOING TO TALK ABOUT THE DISTRICT COST OF SERVICES STUDY.

>> ELLIOTT: THANK YOU, BEN. TROY ELLIOTT, CHIEF FINANCIAL OFFICER. I'LL TRY TO GET THROUGH THIS FAIRLY QUICKLY.

ONE OF THE THINGS I LIKE TO DO IS BY STARTING WITH THANKING OUR CONSULTANTS.

WHEN COUNCIL APPROVED THIS CONTRACT BACK IN MAY, THEY REALLY HIT THE GROUND RUNNING, WE STARTED WITH INTERVIEWS OF OUR CITY DEPARTMENTS.

AS YOU CAN GUESS, SOME OF THE PRIMARY DRIVERS IN TERMS OF THE COST OF SERVICES PROVIDED TO THE STRICT DISTRICT ARE GOING TO BE FIRE AND POLICE, PUBLIC WORKS, ANIMAL CARE, AND A LOT OF OUR MAJOR DEPARTMENTS.

AS WE WENT THROUGH THAT, WE ALSO TALKED TO VSA THROUGH MARIO'S GROUP TO GET THEIR INPUT INTO THE COST OF SERVICES STUDY, WE ALSO VISITED WITH THE

[00:35:03]

SO WHEN YOU SEE THE COSTS AND THE ESTIMATES FOR THE REVENUES, ONE OF THE MAJOR ASSUMPTIONS IS EVERYTHING'S BUILT, EVERYTHING'S OPERATING AND EVERYTHING'S IN PLACE. AS I MENTIONED, THREE REALLY DISTINCT AREAS IN TERMS OF THE SCOPE OF SERVICES.

THE FIRST AREA I'M GOING TO TALK ABOUT IS WHAT ARE THE REVENUE OPPORTUNITIES ASSOCIATED WITH THIS DISTRICT? SOME OF THE THINGS WE'RE TALK ABOUT ARE GOING TO BE SOMEWHAT INTUITIVE. SOME OF THE THINGS WE TALK ABOUT TODAY AND SOME NEW THINGS I'M GOING TO SHARE WITH YOU THAT ARE REALLY OPPORTUNITIES AS THIS DISTRICT DEVELOPS WHAT CAN WE DO TO MAXIMIZE OUR REVENUE OPPORTUNITIES OR MONETIZE CERTAIN THINGS.

THE SECOND AREA IS THE DISTRICT REVENUES, AND REALLY LOOKING AT IT FROM AN INCREMENTAL STANDPOINT AND WHAT IS THE PRIMARY OBJECTIVE IS WHAT IS THE IMPACT OF OUR GENERAL FUND IN TERMS OF THE REVENUE GENERATED BY THE DISTRICT. NOT ONLY WHAT ARE THE REVENUES BUT WHAT ARE THE INCREMENTAL REVENUES. WE WANT TO IDENTIFY THOSE REVENUES THAT ARE NEW, NOT JUST BEING SHIFTED FROM ONE PART OF THE CITY INTO THE DISTRICT.

SO WHAT ARE THOSE INCREMENTAL OR ADDITIONAL GENERAL FUND REVENUES THAT ARE GENERATED BY THE DISTRICT? THE OTHER AREA ARE THE SERVICE COSTS, LOOKING AT WHAT ARE THE ADDITIONAL COSTS OF PUTTING THIS DISTRICT IN PLACE. AND YOU'RE GOING TO HEAR ME TALK ABOUT THE GENERAL FUND, YOU'LL HEAR ME TALK ABOUT THE VENUES. WHEN WE TALK ABOUT THE GENERAL FUND, IT REALLY IS A COUPLE PRIMARY AREAS THAT WE'RE GOING TO SEE ADDITIONAL COSTS OF SERVICES. ONE IS GOING TO BE THE SERVICES THAT NEED TO BE PROVIDED TO THE MIXED USE DEVELOPMENT, RETAIL, THE OFFICE SPACE AND HOTEL. TO PUT THOSE IN PLACE, THERE'S ADDITIONAL POPULATION THERE, PEOPLE WORK THERE, PEOPLE LIVE THERE, AND GOING TO BE ADDITIONAL COSTS IN TERMS OF PUBLIC SAFETY AND OTHER THINGS AND ALSO PUBLIC WORKS. THEN WHAT ARE ALSO THE INCREMENTAL COSTS OR WHAT ARE THE COSTS TO -- THAT NEED TO BE ASSIGNED TO THE VENUE? AND UP WITH OF THE MAJOR AS SUM -- ONE OF THE MAJOR ASSUMPTIONS WE'LL TALK ABOUT THE VENUE IS -- ON THE GENERAL FUND OTHER THAN THE THINGS I'M GOING TO TALK ABOUT TODAY.

SO IN TERMS OF THE REVENUE OPPORTUNITIES, THERE'S EIGHT AREAS THAT WE'RE REALLY IDENTIFIED BY THE COMPANIES. THE FIRST AREA IS WHAT THEY'RE CALLING COMMERCIAL RIGHTS PORTFOLIO.

WE'VE ASKED ABOUT THE DISTRICT NAMING OPPORTUNITIES OUTSIDE OF THE ARENA, ADVERTISING OPPORTUNITIES AND SPONSORSHIPS THAT WILL BE AVAILABLE AS WELL. THIS NEXT AREA, THE HEMISFAIR TIRZ, IT REALLY IS, LIKE I MENTIONED, INTUITIVE. YOU'RE GOING TO HAVE THE GUARANTEED DEVELOPMENT, OUTSIDE OF THAT GUARANTEED DEVELOPMENT THERE WILL BE A LOT OF ORGANIZATIONS OR COMPANIES THAT WANT TO BE A PART OF THIS DEVELOPMENT. THEY WILL MOVE IN, SO WE'RE LOOKING AT ADDITIONAL OPPORTUNITIES FOR ADDITIONAL PROPERTY TAX REVENUE ABOVE AND BEYOND WHAT'S IN THE GUARANTEED REVENUE.

THE OTHER AREA IS PARKING PARTICIPATION. THE CITY'S SHARE OF THE ECONOMICS WHEN IT COMES TO PARKING. FOR EXAMPLE, AS YOU INTRODUCE AN ARENA INTO THE DISTRICT AND THERE'S ADDITIONAL PARKING OPPORTUNITIES, IF THERE'S NOT AN EVENT AT THE 'DOME, THEN WE CAN LEVERAGE THAT AND WE CAN GENERATE PARKING REVENUE BY PROVIDING THAT SUPPORT TO THE DISTRICT. THIS WILL ALSO TEND TO EVOLVE AS WE PUT IN PLACE WHEN SHANNON TALKED ABOUT THE MOBILITY STUDY IN TERMS OF HOW WE DIRECT PEOPLE TO CERTAIN PARKING AS IS THE DISTRICT EVOLVES AND THERE'S OPPORTUNITIES TO MONETIZE THAT. THE LAST ITEM ON THIS PAGE IS REALLY CONTRACTUAL TICKET OR FACILITY CHARGES, WHICH IS REALLY A PER TICKET OR FACILITY CHARGE. A GOOD EXAMPLE OF THAT WOULD BE THE WOOD COURTHOUSE. AS THAT FACILITY BECOMES UP AND RUNNING, WE CAN LEVERAGE THAT BY EITHER A FACILITY CHARGE OR PER TICKET FEE CHARGE GENERATING ADDITIONAL REVENUE.

I BELIEVE SOME OF THE AREAS ON THIS NEXT SLIDE, WHICH IS SORT OF THE REMAINING FOUR OF THE EIGHT, I DON'T THINK WE'VE TALKED ABOUT A LOT OF THESE, BUT THIS NEXT ONE IS POTENTIALLY PUTTING IN LACE LIKE WE HAVE TODAY -- PLACE LIKE WE HAVE TODAY IN OUR CURRENT PID FOR DOWNTOWN IS OUR SERVICE ONLY PUBLIC IMPROVEMENT DISTRICT IS TO PROVIDE THOSE SERVICES, TO CLEAN, MANAGE THE DISTRICT ABOVE AND BEYOND WHAT WE DO TODAY. THIS WOULD NOT HAVE A GENERAL FUND REVENUE IMPACT. THIS WOULD REALLY JUST KIND OF OFFSET CURRENT COSTS TO PROVIDING THOSE SERVICES TO THE DISTRICT.

IT COULD EITHER BE A NEW DISTRICT OR IT COULD BE AN EXPANSION OF THE CURRENT PUBLIC IMPROVEMENT DISTRICT THAT WE HAVE TODAY.

THE SECOND ONE IS THE PUBLIC REALM CONCESSIONS AND PROGRAMMING.

WE'VE HAD A LITTLE BIT OF KOFTION ABOUT THIS, BUT -- CONVERSATIONS

[00:40:02]

REALLY EXPLORE MAYBE EXPANDING THAT TO A DISTRICT CONCEPT, SO AS TNCS ENTER THE DISTRICT TO DROP PEOPLE OFF, OR AS THEY COME TO PICK PEOPLE UP, IT'S PUTTING IN PLACE A GEOFENCING AROUND THAT DISTRICT SO AS YOU ENTER THAT DISTRICT TO DROP OR PICK PEOPLE UP, WE COULD APPLY FEES TO THAT AND USE THOSE FEES TO SUPPLEMENT OTHER ACTIVITIES.

IT WOULD NOT ONLY BE THE TNC, BUT AS AUTONOMOUS VEHICLES BECOME MORE AND MORE PREVALENT, THAT WE'D LOOK AT CHARGING THEM AS WELL.

THIS WOULD BE SOMETHING THAT WE'D PROBABLY BE REQUIRED TO GO TO THE STATE, IT WOULD REQUIRE LEGISLATIVE ACTION TO PUT THIS IN PLACE.

AS I MENTIONED IT'S CURRENTLY ALLOWED TODAY AT THE AIRPORT, BUT TO EXPAND THAT WOULD TAKE LEGISLATIVE ACTION. THIS LAST ONE E I'M TALKING ABOUT IN TERMS OF REVENUE OPPORTUNITIES AND BEN WILL TALK MORE ABOUT THIS AS HE WRAPS UP THE PRESENTATION LATER IS PUBLIC PRIVATE PARTNERSHIPS OR P3S. REALLY LOOKING AT THOSE OPPORTUNITIES TO EXPLORE PARTNERSHIPS, LEVERAGE PRIVATE CAPITAL, EITHER FOR THE FACILITY DEVELOPMENT, IDENTIFY OPPORTUNITIES TO ENHANCE REVENUE GENERATION.

A GOOD EXAMPLE OF THIS, AGAIN, WOULD BE THE WOOD COURTHOUSE, LOOKING TO PARTNER WITH A PRIVATE ORGANIZATION, COME IN, BRING THAT CAPITAL TO ACTUALLY BRING THAT VENUE UP TO STANDARDS TO ALLOW IT TO OPERATE AS A VENUE FOR EVENTS, AND THEN ACTUALLY MAYBE MAXIMIZE A REVENUE OR PARTICIPATE IN PART OF THAT REVENUE WITH THAT AS WELL. AND BEN WILL TALK ABOUT A COUPLE OF OPPORTUNITIES THAT WE CAN EXPLORE THERE IN THE FUTURE AS FAR AS THOSE P3S. GETTING INTO KIND OF SOME OF THE MODEL -- THE METHODOLOGY -- GENERAL FUND REVENUES, AS I MENTIONED, WE DON'T WANT JUST TO HAVE THE REVENUES THAT'S GOING TO BE GENERATED BY THE DISTRICT, BUT WE WANT TO IDENTIFY THOSE THAT ARE INCREMENTAL AND AREN'T JUST MOVING FROM ONE PLACE TO ANOTHER PLACE WITHIN THE CITY. IT PROJECTS THE CITY'S COST OF SERVICES ASSOCIATED WITH THE SPORTS AND ENTERTAINMENT DISTRICT. I THINK ONE OF THE THINGS THAT HAS BEEN BUILT -- I KNOW THAT HAS BEEN BUILT, ACTUALLY WORKING WITH IT, THIS IS A COMPLEX AND A VERY DYNAMIC MODEL. IT ALLOWS US TO MODEL A VARIETY OF ACTIVITIES AND EVENTS AND REALLY PLAY WITH THOSE -- BASED ON THE ASSUMPTIONS I'M GOING TO SHARE WITH YOU. SO THE THE DYNAMIC MODEL LOOKS AT HOW IT IMPACTS THE GENERAL FUND AND GIVES US THE FLEXIBILITY TO ADJUST ASSUMPTIONS BASED ON THE EVENT TYPE AND ACTUALLY AS THE DISTRICT CONTINUES TO EVOLVE WE'LL CONTINUE TO REVISE AND ADJUST THESE ASSUMPTIONS.

AS FAR AS THE KEY ASSUMPTIONS, I THINK OUR ASSUMPTIONS THAT ARE BUILT IN THIS MODEL ARE CONSERVATIVE AND I'LL KIND OF BIFURCATE THAT INTO TWO DIFFERENT PIECES. I THINK WHEN YOU SEE THE REVENUES BEING PRODUCED IN THE NEXT SLIDE, THERE ARE SOME THAT ARE CONSERVATIVE. ON THE COST SIDE, THE CONSERVATISM IS SOMEWHAT LESS BECAUSE IT ACTUALLY IDENTIFIES IN SPEAKING TO THE DEPARTMENTS, ACTEDDUAL COSTS THAT CAN BE AS SIGNED TO AN EVENT, SO BASED ON THE LEVERS OR TOGGLES WE'RE PULLING IN THE MODEL, IT TAKES THOSE COSTS, ASSIGNS THEM TO THE EVENT, TO THE GENERAL FUND, SO IT'S DESIGNED ON HOW WE MODEL THOSE COSTS OF SERVICES TO PRODUCE THOSE RESULTS. I THINK FROM A MODEL PERSPECTIVE, IT'S CONSERVATIVE. THE COST OF SERVICES IS DIALED IN MORE SPECIFICALLY. AS I MENTIONED, IT'S VERY FLEXIBLE. WE CAN CONTINUE TO UPDATE IT AS THINGS EVOLVE THROUGH THE DISTRICT. AS WE LEARN MORE ABOUT THE MOBILITY STUDY AND HOW THAT'S GOING TO INFLUENCE KIND OF TRAFFIC AND PARKING, WE CAN INCORPORATE THOSE INTO IT. AND ALSO AS WE PUT THE INFRASTRUCTURE IMPROVEMENTS ON HOW IT IMPACTS THE MIXTURE OF PEDESTRIAN AND STREET TRAFFIC, THAT CAN INFORM THIS MODEL AS WELL AND WE'LL CONTINUE TO ADJUST THOSE ASSUMPTIONS AS THINGS EVOLVE OVER THE NEXT SEVERAL MONTHS TO A YEAR. THIS MODEL IS A BASELINE SCENARIO, AS I MENTIONED IT'S A FULL DISTRICT DEVELOPMENT.

AND THIS WILL BE THE BASE THAT WE CAN KIND OF DEVIATE FROM AS THINGS CHANGE. SO LOOKING AT THE KEY ASSUMPTIONS, THERE'S REALLY TWO PIECES. THERE'S THE DISTRICT ACTIVITIES, THESE DISTRICT ACTIVITIES REALLY DRIVE BOTH THE REVENUES AND THE COSTS ASSUMPTIONS OR CONSIDERATIONS. THEN ON THE RIGHT, WE HAVE THE CITY SERVICES KORGSES THAT WE LOOKED AT, AND I'LL GO THROUGH -- CONSIDERATIONS THAT WE LOOKED AT THAT ARE GOING TO DRIVE THE SERVICES ON THE COST SIDE. SO THE DISTRICT ACTIVITIES, LOOKING AT THAT, LOOKING THROUGH KIND OF OUR ASSUMPTIONS IT LOOKS AT THE NUMBER OF REGULAR SEASON HOME GAMES HAPPENING AT THE ARENA,

[00:45:02]

LOOKING AT THE CONCERT VENUE OPERATIONS, SPECIFICALLY THE WOOD COURTHOUSE, MIN NEW CAP LOOKED AT COMPS ACROSS SINCE WE DON'T HAVE ANYTHING OPERATING AT THAT VENUE NOW, THEY WENT OUT AND LOOKED ACROSS THE NATION AT OTHER SIMILAR SIZED VENUES, AND WHAT THAT GENERATE IN TERMS OF LOCAL VENTS IN TERMS OF EVENTS, SPECIFICALLY LOOKED AT THE ANTHEM IN D.C. AND IT HAS ABOUT 60 CONCERTS ANNUALLY.

THEY LOOKED AT THE MIXED USE DEVELOPMENT IN TERMS OF ASSUMPTIONS, IN TERMS OF HOW MUCH SQUARE FOOTAGE IS GOING TO COME ONLINE IN TERMS OF RETAIL AND OFFICE SPACE AND HOTEL SPACE. WHAT'S THE POPULATION GOING TO LOOK LIKE IN TERMS OF THE PEOPLE THAT ARE GOING TO OPERATE THAT MIXED-USE DEVELOPMENT. HOW MANY PEOPLE ARE GOING TO WORK THERE.

AND THEN BASED ON THAT POPULATION, WHAT IS THE DEMAND FOR CONSUMPTION OF POLICE AND FIRE SERVICES, AND WHAT ALSO GENERATES IN TERMS OF REVENUES IN TERMS OF SALES TAX, CPS AND OTHER THINGS I'LL TALK ABOUT.

CONVENTION CENTER EXPANSION, THE NUMBER OF DELEGATES THAT WILL BE ATTENDING AND THE INCREMENTAL DAYS AS A RESULT OF THE CONVENTION CENTER EXPANSION, AND THEN LASTLY, THEY DID A LOT OF WORK ON CONCURRENT EVENTS. WE TALKED ABOUT THIS A LITTLE BIT, AS WE HAVE AN ALAMODOME EVENT, AS WE HAVE A JOHN WOOD COURTHOUSE EVENT, AS WE HAVE AN ARENA OPERATING -- CALENDARING, WHAT EVENTS ARE HAPPENING WHERE, WHEN, THEY LOOKED AT IT HISTORICALLY, P PROSPECTIVELY, THEY LOOKED AT WHAT TYPE OF EVENTS CAN OCCUR, WHAT THE ATTENDANCE POPULATION IS AT THOSE EVENTS, AND THEN LASTLY, WHAT'S THE STATISTICAL PROBABILITY OF THOSE EVENTS OVERLAPPING. SO BASED ON THOSE TRIGGERS, WE CAN ACTUALLY KIND OF DEVELOP A COST ESTIMATE OF HOW MUCH THE GENERAL FUND WOULD ABSORB ON A CONCURRENT EVENT VERSUS EACH OF THE VENUES.

WE ALSO LOOKED AT THE CITY SERVICES CONSIDERED AS I MENTIONED, POLICE AND FIRE WITH ANY EVENT, THERE'S GOING TO BE TRAFFIC CONTROL, STAFFING, OVERTIME. AND EMERGENCY SUPPORT. HOW MUCH IS NEEDED FOR CLEANUP DURING THAT EVENT THROUGH SOLID WASTE? HEMISFAIR PARK? IF YOU HAVE CONCURRENT EVENTS, WHAT'S THE MAINTENANCE AND WHAT IS THE SUPPORT NEEDED THERE TO CLEAN IT UP. PUBLIC WORKS IN TERMS OF INFRASTRUCTURE AND OPERATIONAL SUPPORT, MANAGING THE ROAD, SIGNAGE, THINGS OF THAT NATURE. THEN DOWNTOWN OPERATIONS, THE DISTRICT AND DOWNTOWN COORDINATION, LOGISTICS AND MANAGING THAT.

SO FLIPPING OVER TO THE GENERAL FUND REVENUE BASED ON THE ASSUMPTIONS THAT I JUST MENTIONED, IN LOOKING AT OUR ESTIMATED ANNUAL REVENUE, THE TOTAL ESTIMATED ANNUAL REVENUE BASED ON OUR BASELINE MODEL TOTALLY BUILT OUT ABOUT $1.2 MILLION ANNUALLY IN ADDITIONAL INCREMENTAL REVENUE.

I'LL CAVEAT BY SAYING -- AND I'LL GO THROUGH THESE LINE ITEMS A LITTLE BIT INDIVIDUALLY AT A HIGH LEVEL, BUT WE'RE STILL WORKING ON A COUPLE OF OUR ASSUMPTIONS HERE. IN TERMS OF THE SALES TAX, IT DOES NOT INCLUDE THE SALES INDEX [INDISCERNIBLE] TAXES RESULTING FROM THE JOHN WOOD COURTHOUSE OR THE ARENA, WE'RE STILL DIALING THAT IN.

BUT CONSERVATIVELY, AND THAT'S WHY I MENTIONED I THINK THEY'RE CONSERVATIVE, AS WE LAYER IN THOSE ADDITIONAL SALES TAX REVENUE.

SALES TAX REVENUE TODAY CONSIDERS THE PRIVATE DETAILED DEVELOPMENT AND KIND OF GIVE YOU AN IDEA OF KIND OF HOW THESE THINGS ARE DEVELOPED, THE MODEL TAKES ABOUT 1,000 SQUARE FEET TIMES A DOLLAR AMOUNT THAT'S BEING GENERATED PER SQUARE FOOT, TIMES WHAT THEY THINK THE NEW SPENDING'S GOING TO BE FROM AN ASSUMPTIONS STANDPOINT.

LOOKED AT THAT FROM A PRIVATE DEVELOPMENT BOTH FROM A RETAIL, RESIDENTIAL, LOOKING AT THE CONVENTION CENTER EXPANSION AND THE NUMBER OF INCREMENTAL DAYS AND DELEGATE SPENDING. SO SALES TAX ABOUT $383,000. MIXED BEVERAGE, 21,000. 14% FROM CPS ENERGY, THE 14% WOULD BE GENERATED, AGAIN, FROM THE PRY VATTED DEVELOPMENT, FROM -- PRIVATE DEVELOPMENT, FROM THE ARENA AND ALL THE VENUES AS THEY START OPERATING AS WELL AS SAWS OF 77,000 OR 4%.

THERE'S A VERY, VERY SMALL AMOUNT FOR PERSONAL PROPERTY THAT'S BEING ESTIMATED FOR A TOTAL OF $1.2 MILLION. AS I MENTIONED, THESE WILL CONTINUE TO BE REFINED AS WE MOVE THROUGH FINALIZING THE PLANS FOR THE DISTRICT AND WE'LL KEEP DIALING THESE IN.

SO $1.2 MILLION IN ESTIMATED ANNUAL REVENUE WHEN WE LOOK AT COSTS, SPECIFICALLY ON THE GENERAL FUND, THAT'S ABOUT A MILLION DOLLARS

[00:50:02]

NOT JUST THE PERSONNEL, BUT THEIR EQUIPMENT COSTS.

SO WHEN YOU ADD IN THE COST OF SERVICE FOR THE MIXED-USE DEVELOPMENT, PLUS THE HEMISFAIR PARK, THE HEMISFAIR PARK IS REALLY A SMALLER PORTION, IT'S REALLY THE RESULT OF CONCURRENT EVENTS HAPPENING AT ANY ONE TIME, TODAY THEY HAVE MAINTENANCE AND OPERATIONS AT HEMISFAIR PARK, THIS REALLY COMES WHEN YOU HAVE MULTIPLE EVENTS AND WHAT IS THAT ADDITIONAL NEED IN TERMS OF PROVIDING SERVICES TO HEMISFAIR PARK.

SO BETWEEN THE MIXED-USE DEVELOPMENT AND HEMISFAIR PARK, ABOUT A MILLION DOLLARS. WHEN YOU COMPARE THAT TO THE REVENUE, IT'S REALLY KIND OF BREAKING EVEN COMPARED TO -- SIDE, AS WE LAYER IN THOSE OTHER SALES TAX PIECES, IT WILL ACTUALLY -- WHEN YOU TALK ABOUT THE DISTRICT VENUES, THIS IS GOING TO CONTINUE TO EVOLVE, IT'S GOING TO VARY BASED ON A NUMBER OF FACTORS.

THE MODEL'S BUILT TO ALLOCATE COSTS BACK TO THESE VENUES BASED ON KIND OF THE ATTENDEES AT EACH OF THE VENUES, AND REALLY WHAT THE GOAL AND FULL RECOVERY IS TO ELIMINATE THAT IMPACT TO THE GENERAL FUND.

SO MAYOR AND COUNCIL, THAT CONCLUDES MY PRESENTATION ON THE COST OF SERVICES. I'LL TURN IT OVER TO SHANNON NOW TO TALK ABOUT

THE MOBILITY STUDY. >> MILLER: THANK YOU, TROY.

SHANON MILLER, CHIEF DOWNTOWN OFFICER, AND I AM EXCITED TO TALK TO YOU ALL TODAY ABOUT TWO MOBILITY-RELATED STUDIES THAT ARE ONGOING AT THE MOMENT. THE FIRST IS THE DOWNTOWN ACCESSIBILITY MOBILITY STUDY WHICH IS EVALUATING MOBILITY SYSTEM PERFORMANCE AND USER EXPERIENCE ACROSS DOWNTOWN. AND IT -- IT REALLY CONSIDERS ALL TYPES OF TRIPS MADE BY PERSONAL VEHICLE, TRANSIT, RIDESHARE, MICROMOBILITY, CYCLING AND WALKING. AND WE'RE STUDYING PARKING DEMAND AS ONE OF THE COMP COMPONENTS IN THIS OVERALL MOBILITY SYSTEM DOWNTOWN. THE PROJECT IS BEING LED BY WALKER CONSULTANTS, A FEW MEMBERS OF THE TEAM ARE HERE WITH US TODAY THE TEAM HAS COMPLETED EXTENSIVE WORK SINCE THEY WERE AWARDED THE CONTRACT THIS SUMMER, INCLUDING EXISTING CONDITION ASSESSMENTS, STAKEHOLDER ENGAGEMENT, USER EXPERIENCE ANALYSIS, TECHNOLOGY AND DATA -- MANAGEMENT INVESTIGATION, FEW THEUR MOBILITY DEMAND -- FUTURE MOBILITY DEMAND MODELING AND PARKING STRUCTURE FEASIBILITY ANALYSIS.

SO THE STUDY WILL ULTIMATELY TAKE ALL OF THAT WORK THAT HAS BEEN COMPLETED TO DATE AND WILL PRODUCE AN IMPLEMENTATION STRATEGY THAT WILL HELP TO IMPROVE DAILY AND EVENT-BASED MOBILITY.

SO IT'S NOT JUST ABOUT THOSE SPECIAL EVENT DAYS, IT'S REALLY ABOUT MOBILITY ON A DAILY BASIS DOWNTOWN. SO LOOKING AT IMPLEMENTATION STRATEGIES RELATED TO ON AND OFF STREET PARKING, TECHNOLOGY, PRICING, PAYMENT OPTIONS AND COORDINATED COMMUNICATION ACROSS THE SYSTEM. THAT FINAL IMPLEMENTATION REPORT WILL BE DELIVERED IN EARLY 2027. SO I'M GOING TO TALK THROUGH SOME OF THE INITIAL FINDINGS OF THE STUDY AND THE EMERGING RECOMMENDATIONS THAT WE HAVE TO DATE. THE STUDY HAS FOUND PRIMARILY, WHICH WE THINK IS IMPORTANT AND IS THE UNDERPINNING TO A LOT OF THE RECOMMENDATIONS, THAT REALLY THE CHALLENGES RELATED TO MOBILITY DOWNTOWN ARE PRIMARILY NOT CAUSED BY A LACK OF PARKING SUPPLY. WE HAVE ENOUGH PARKING DOWNTOWN GENERALLY. AND SO AS A RESULT, THE CONSULTANT TEAM IS NOT RECOMMENDING THAT WE PURSUE CONSTRUCTING A PARKING STRUCTURE ON LOT A AT THE ALAMODOME AT THIS TIME, AS IT'S NOT REALLY NEEDED BASED ON THEIR ANALYSIS. RATHER, WE WANT TO FOCUS ON PRIORITIZING OTHER THINGS THAT WILL HELP TO CHANGE BEHAVIOR AND ADDRESS OTHER CONCERNS

[00:55:01]

AND THEN ONCE PEOPLE ARE OUT OF THEIR CARS, HOW DO THEY GET TO WHERE THEY'RE GOING? SO WAY FINDING IS AN IMPORTANT COMPONENT OF THE WHOLE ECOSYSTEM. WE WANT TO OPTIMIZE EVENT PARKING SUPPLY, WHICH MEANS WE IMPROVE COORDINATION AMONG PARKING PROVIDERS TO INCLUDE PRICING AND EVENT MANAGEMENT STRATEGIES THAT WILL HELP DISTRIBUTE DEMAND. AND THEN STRENGTHEN MULTIMODAL ACCESS.

AND SO WORKING WITH VIA, WHO IS ALSO PRESENT TODAY, WE'LL CONTINUE TO INVEST IN TRANSIT AND REMOTE PARKING ALTERNATIVES, AND THEN RIDESHARE OPPORTUNITIES FOR EVENT DAYS, AND THEN LOOKING AT RIDESHARE MANAGEMENT, POLICIES AND POTENTIAL LEGISLATION AS TROY MENTIONED EARLIER.

ONE OF THE OTHER RECOMMENDATIONS IS TO THINK ABOUT HOW WE CAN IMPLEMENT DEMAND MANAGEMENT STRATEGIES AND WHAT THAT REALLY SPEAKS TO IS ENCOURAGING PEOPLE TO LOOK AT ALTERNATIVES FIRST.

SO CARPOOLING, TRANSIT USE, ANYTHING THAT KEEPS EVERY SINGLE ONE OF US FROM DRIVING OUR OWN VEHICLE EVERY TIME WE HEAD DOWNTOWN.

AND THEN AS I MENTIONED, THERE IS NOT A RECOMMENDATION TO PURSUE A NEW PARKING GARAGE BASED ON THE PARKING AVAILABILITY, BUT THE CONSULTANTS DO RECOGNIZE THAT AS THERE IS -- AS THERE ARE RESOURCES AVAILABLE THAT WE SHOULD INVEST IN OTHER ALTERNATIVES TO HELP ADDRESS SOME OF THE MOBILITY CONCERNS. AND THEN OBVIOUSLY WE WOULD CONTINUE TO MONITOR FUTURE CONDITIONS, AND SO IF SOMETHING WERE TO CHANGE IN TERMS OF DEMAND DOWNTOWN OR EXISTING PARKING SUPPLY MATERIALLY CHANGED SOMEHOW, THEN THERE MIGHT BE A NEED FOR STRUCTURED PARKING IN THE FUTURE. SO I'M GOING TO TRANSITION TO THE RECONNECTING COMMUNITIES GRANT. THIS PROJECT IS A PLANNING STUDY AIMED AT IMPROVING CONNECTION BETWEEN THE EAST SIDE AND DOWNTOWN ACROSS I-37. THIS IS REALLY A STAND-ALONE STUDY THAT WAS WARRANTED WITH OR WITHOUT THE SPORTS AND ENTERTAINMENT DISTRICT, BUT WE'RE CLOSELY COORDINATING THE EFFORTS DUE TO THE LOCATION.

OBVIOUSLY, THEY'RE GEOGRAPHICALLY CONNECTED AND SO WE WANT TO MAKE SURE THAT WE ARE CLOSELY COORDINATED WITH ALL OF THE WORK THAT'S BEING DONE IN THE AREA. THERE HAVE BEEN TWO ROUNDS OF PUBLIC ENGAGEMENT SO FAR AND THERE IS A THIRD ROUND PLANS, AND THAT INCLUDES PUBLIC MEETINGS, POPUP OPPORTUNITIES, TOURS AND TECHNICAL ADVISORY COMMITTEES THAT HAVE BEEN MEETING TO INFORM THE PROCESS AND REALLY HEAR FROM THE COMMUNITY ABOUT THEIR PRIORITIES AND WHAT THE CHALLENGES TRULY ARE IN TERMS OF ACCESSING DOWNTOWN FROM THE EAST SIDE AND VICE VERSA.

THE STUDY WILL RESULT IN A VISION PLAN AND PRELIMINARY DESIGNS FOR PROJECTS THAT WOULD ENHANCE CONNECTIVITY ACROSS I-37.

AND REALLY ENABLE US TO PURSUE FUNDING IN THE FUTURE SO THEY WOULD BE KIND OF EARLY SCHEMATIC DESIGN OF NEIGHBORHOOD PRIORITIES AND COMMUNITY PRIORITIES THAT WOULD BETTER POSITION US FOR FUNDING IN THE FUTURE.

[01:00:04]

AND SO WE KNOW THAT THERE HAS BEEN A LOT OF INTEREST FROM COUNCIL ABOUT MAKING SURE THAT WE HAVE A PLACE FOR RESIDENTS TO COME AND GET CLEAR, CONCISE, REALTIME INFORMATION ABOUT THE PROJECT'S SCHEDULE, PROGRESS, FUNDING, EVERYTHING ASSOCIATED WITH WHAT'S HAPPENING INSIDE THE SPORTS AND ENTERTAINMENT DISTRICT. THAT DASHBOARD IS INTENDED TO LAUNCH IN EARLY 2027, BUT WE HAVE A VIDEO TODAY TO SHOW YOU THE PROGRESS SO YOU CAN SEE WHERE WE'RE HEADED. OBVIOUSLY, SOME OF THE INFORMATION HERE IS JUST PLACE HOLDER INFORMATION, BUT AS IT BECOMES AVAILABLE, THAT WILL BE UPDATED AND THEN SHARED WITH THE PUBLIC.

YOU CAN PLAY THE VIDEO NOW.

>> THIS VIDEO WALKS THROUGH THE DASHBOARD THE EPM TEAM HAS DEVELOPED TO TRACK CONTROLS INFORMATION FOR THE SAN ANTONIO SPORTS AND ENTERTAINMENT DISTRICT. WE'LL COVER WHAT EACH PAGE SHOWS AND THE FEATURES MOST USEFUL FOR EXPLORING IT. PLEASE NOTE THAT THE SCHEDULE AND FINANCIAL FIGURES SHOWN ARE PLACE HOLDER DATA.

VALIDATED DATA FROM THE CITY WILL REPLACE THESE FIGURES ONCE RECEIVED.

THE PROJECT OVERVIEW PAGE SHOWS WHAT EACH PROJECT IS, WHERE IT'S LOCATED AND WHAT IT LOOKS LIKE. SELECTING A PROJECT ZOOMS THE MAP TO ITS LOCATION.

AND SELECTING IT AGAIN, RESETS THE VIEW. HOVERING OVER A MAP ICON REVEALS DETAILS LIKE COORDINATES AND PROJECT ID, THE FILTER'S IN THE TOP RIGHT WHICH APPEAR THROUGHOUT THE DASHBOARD NARROW WHAT YOU SEE BY PROJECT, CATEGORY OR OWNER ON THE OTHER PAGES.

THE SCHEDULE PAGE SHOWS DESIGN AND CONSTRUCTION TIMELINES FOR EACH PROJECT. HOVERING OVER A BAR SHOWS ESTIMATED START AND END DATES. THE FINANCE PAGES COVERS BUDGET, COMMITTED FUNDS AND EXPENDED FUNDS. HOVERING OVER THE TILES DEFINES EACH TERM AND SHOWS THE EXACT DOLLAR AMOUNT. SELECTING A PROJECT FILTERS THE PROJECT BUDGET VIEW AND SUMMARY TILES TO THAT PROJECT.

THE FUNDING SOURCES CHART SHOWS WHERE DOLLARS COME FROM, CITY, PRIVATE CONTRIBUTION, ET CETERA, AND HAS ITS OWN FILTER. TO SEE ONE PROJECT'S FULL PICTURE, SET BOTH THE FILTER IN THE TOP RIGHT AND THE FUNDING SOURCES FILTER TO THE SAME PROJECT. THE COMMUNITY BENEFITS PAGE IS STILL UNDER DEVELOPMENT. IT WILL TRACK THE COMMUNITY ADVISORY COMMITTEE'S WORK AND FOR NOW INCLUDES PLACE HOLDER LINKS TO THE CITY'S WEBSITE. THE DASHBOARD IS BEING DEVELOPED ITERATIVELY, AND NEW PAGES AND IMPROVEMENTS WILL FOLLOW AS FEEDBACK IS RECEIVED. AS REAL PROJECT DATA BECOMES AVAILABLE, EACH OF THESE PAGES WILL UPDATE TO REFLECT CURRENT PROJECT INFORMATION, SCHEDULES AND FUNDING, GIVING THE PUBLIC AN ONGOING TRANSPARENT VIEW OF THE DISTRICT'S PROGRESS.

[01:05:14]

>> GORZELL: SO MAYOR AND COUNCIL, I'LL JUST WRAP UP HERE ON THESE NEXT TWO SLIDES. THIS NEXT CATEGORY WE'D LIKE TO MOVE FORWARD WITH SOME EXPLORATORY PROCUREMENTS. THESE ARE NOT RECOMMENDATIONS TODAY IN TERMS OF WHAT WE WOULD DO, BUT WE WOULD LIKE TO GO OUT AND EXPLORE A COUPLE OF DIFFERENT THINGS.

ONE IS WE'D LIKE TO LOOK AT A PROCUREMENT FOR SOME P3 OPPORTUNITIES.

THEY'RE KIND OF HIGHLIGHTED -- ALL OF THESE ARE KIND OF HIGHLIGHTED THERE ON THE MAP ON THE RIGHT, BUT WE CALLED THEM THE LINER BUILDINGS, THEY ESSENTIALLY LINE THE SOUTHERN EDGE OF THE CONVENTION CENTER. WE'D LIKE TO MOVE FORWARD WITH AN RFP OR SOME TYPE OF PROCUREMENT -- TERMS OF SOMEONE BRINGING CAPITAL INVESTMENT IN, WHAT THE POSSIBLE MIXED-USE DEVELOPMENT COULD BE ALONG THAT SOUTHERN EDGE, AND THEN WHAT REVENUE OPPORTUNITIES THERE MIGHT BE FOR US AS WE GO THROUGH THAT PROCESS. THIS WOULD BE A GOOD WAY TO TEST THAT, AGAIN, TO KIND OF EXPLORE WHAT KIND OF RESPONSE WE GET TO THAT AND WHAT THOSE LOOK LIKE. THE OTHER ONE IS A PROCUREMENT TO LOOK AT A RANGE OF OPTIONS FOR OPERATIONS AND PRIVATE FUNDING FOR THE ALAMODOME, THE WOOD COURTHOUSE AND SEVERAL OF THE HISTORIC BUIL BUILDINGS IN HEMISFAIR, PRE-MAYORLY ALONG NUEVA STRIEGHT.

THIS WOULD BE THE SAME THING JUST EXPLORING WE'VE KIND OF TALKED ABOUT BEFORE FROM THE WOOD COURTHOUSE, WE DON'T HAVE THE RENOVATION CAPITAL BUDGET FUNDED AT THIS POINT IN TIME, BUT THIS WOULD BE AN OPPORTUNITY TO LOOK AT WHAT PROPOSALS WE GET, WHAT OPPORTUNITIES THERE MIGHT BE. WE'VE MENTIONED WE'RE NOT INTERESTED AND WOULDN'T RECOMMEND WE RUN THE WOOD COURTHOUSE IN THE FUTURE, SO THIS WOULD BE AN OPPORTUNITY TO EXPLORE THAT. AS WE DO THAT, WE THINK IT MAKES SENSE TO LOOK AT EXPLORING A RANGE OF OPTIONS FOR THE ALAMODOME AS WELL. AGAIN, THERE IS NO RECOMMENDATION BEING MADE HERE. IT WOULD BE TO EXPLORE WHAT THOSE OPTIONS LOOK LIKE. THE D 'DOME DOES LOOK LIKE AT A DEFICIT ANYWHERE FROM THREE TO $6 MILLION A YEAR. THIS WOULD BE AN OPPORTUNITY TO SEE IF WE CAN CLOSE THAT GAP WITH SMALL THINGS, LARGE THINGS, WHAT DO THOSE PRIVATE SECTOR OPPORTUNITIES MAYBE LOOK LIKE, AND THEN ALSO TO LOOK AT TRYING TO IMPROVE THE OVERALL FAN EXPERIENCE IN THE 'DOME, IF THERE'S OPPORTUNITIES TO DO THAT.

HISTORIC BUILDINGS IN HEMISFAIR, SIMILAR, THERE WOULD BE SOME OPPORTUNITY FOR SOME TYPE OF RETAIL PROBABLY OR SOMETHING IN THOSE HOMES, AND WE'D LIKE TOAKS PLOAR WHAT THOSE -- TO EXPLORE WHAT THOSE OPPORTUNITIES LOOK LIKE, AND, OF COURSE, WE'D COME BACK TO YOU ALL.

TIMING ON THIS, WE'D THINK WE'D WANT TO ISSUE THESE -- THESE HAVE NOT EVEN BEEN DEVELOPED YET IN TERMS OF RFPS IN TERMS OF HOW WE WOULD DO IT, BUT WE'RE THINKING LATE SPRING CALENDAR YEAR 2027, AND THEN COMING BACK TO YOU ALL PROBABLY IN THE FALL OF 2027 TO TALK ABOUT WHAT WE HAVE RECEIVED THROUGH THOSE PROCUREMENT OPPORTUNITIES AND MAYBE SOME RECOMMENDATIONS COME OUT OF THAT PROCESS. AND THEN ON THE LAST SLIDE HERE, AGAIN, KIND OF THE NEXT STEPS WE'D LIKE TO MOVE FORWARD WITH PROCUREMENT FOR THE CONVENTION CENTER EXPANSION, WE'D LIKE TO MOVE INTO DESIGN, SO WE NEED TO GET A SOLICITATION OUT, AGAIN, PROBABLY IN THE SPRINGTIME FRAME. WE'VE NOT DEVELOPED THAT SOLICITATION YET, BUT WE HAVE ALL OF THE ELEMENTS THROUGH ALL OF THE WORK THAT WAS DONE ON THE FEASIBILITY STUDY TO BE ABLE TO PUT THAT TOGETHER AND MOVE OUT WITH THAT, SO WE'D LIKE TO DO THAT IN THE SPRING AND BRING BACK A SELECTION TO AT LEAST BEGIN DESIGN WORK ON THE EXPANSION.

WE'D LIKE TO INITIATE THOSE EXPLORATORY PROCUREMENTS AGAIN, SPRING OF NEXT YEAR, COME BACK IN THE FALL OF NEXT YEAR, FINALIZE THE RECONNECTING COMMUNITIES REPORT THAT SHANNON TALKED ABOUT, AND THEN CONVENE THE DISTRICT COMMUNITY ADVISORY COMMITTEE -- GET AN INITIAL MEETING ESTABLISHED IN THE NEAR FUTURE.

SO WITH THAT, MAYOR AND COUNCIL, THAT CONCLUDES OUR PRESENTATION AND MYSELF AND THE REST OF THE TEAM ARE HAPPY TO ANSWER QUESTIONS.

>> MAYOR JONES: THANK YOU, BEN. THANK YOU, EVERYBODY, THAT PRESENTED. A COUPLE OF CLARIFYING QUESTIONS, IF WE MAY START WITH THE PFZ, AND I'LL GIVE YOU THE CHART BACK SO FOLKS CAN FOLLOW ALONG. THE STATE -- BECAUSE FOLKS HAVE HEARD DIFFERENT NUMBERS, AND TODAY THEY WILL HAVE HEARD ANOTHER NUMBER.

SO INITIALLY, WE WERE TALKING 2.5 BILLION OVER 30 YEARS.

AND THEN THERE WAS 2.1 BILLION OVER 30 YEARS, AND NOW IT'S 1.9.

SO CAN YOU HELP LEVEL SET FOR THOSE FOLLOWING ALONG, ESPECIALLY THE PUBLIC, IN TERMS OF WHAT'S HAPPENING WITH WHY THAT NUMBER HAS BEEN

DIFFERENT? >> GORZELL: SURE. I'M GOING TO GO BACK TO WHEN THIS LEGISLATION WAS PASSED IN 2023. THAT BILL WAS FILED AND, OF COURSE, WITH ALL BILLS, THERE'S A LEGISLATIVE BUDGET BOARD PROCESS THAT THEY GO THROUGH TO ESTIMATE THE IMPACT ON THE STATE BUDGET. AND SO THAT'S WHERE THAT $2.5 BILLION NUMBER CAME

[01:10:03]

SO NOT SOMETHING YOU WOULD BOND FINANCE AGAINST, BUT HERE'S WHAT OUR -- WHAT WE THINK OUR ANNUAL GROWTH HAS BEEN AND WHAT WE THINK THAT NUMBER IS OVER TIME. WE HAVE TAKEN THAT AND SAID WHAT DO WE BELIEVE IS A BASELINE MODEL THAT WE CAN DEBT FINANCE AGAINST.

AND THAT'S THE ROUGHLY 1.9 BILLION THAT I GAVE YOU TODAY, ROUGHLY A BILLION NINE TO 2.1 LAST -- LAST YEAR. AND THEN YOU HEARD ME MENTION THAT WE ALSO TAKE THOSE BASELINE MODELS AND WE TEST THEM.

WE SAY, WHAT IF IT IS WHAT THE STATE SAYS? WHAT IF IT IS HIGHER? HOW MUCH MORE ROOM DOES THAT GIVE US? IF IT'S LOWER, WHAT IS THAT DOING TO THE MODEL, HOW IS IT STRESSING WHAT WE'RE DOING? AND A GOOD EXAMPLE -- WORKING ON NOW, WE DON'T USE OUR COMPOUND ANNUAL GROWTH RATE OF WHAT WE'VE ACTUALLY INCURRED OVER THE PAST FIVE YEARS, 10 YEARS, 15 YEARS, BECAUSE IF WE DEBT FINANCE AGAINST THAT, THERE IS NO RULE.

ANYTHING GOES SIDEWAYS, THAT BECOMES A CHALLENGE VERY, VERY QUICKLY.

SO THAT'S WHY YOU SEE A LITTLE MORE CONSERVATIVE NUMBER WHEN WE'RE TALKING

ABOUT DEBT FINANCING >> MAYOR JONES: OKAY. SO, THE 1.9 BILLION NOW -- SO THE NUMBER THAT WE HAD PREVIOUSLY OF 2.1, YOU'RE STILL WITHIN THE RANGE OF WHAT YOU THOUGHT IT WAS A YEAR AGO? IT'S NOT NECESSARILY -- I DON'T WANT TO PUT WORDS IN YOUR MOUTH.

HELP US UNDERSTAND, SHOULD WE BE THINKING ABOUT 2.1 OR 1.9? >> WE'RE WORKING OFF THE 1.9.

>> MAYOR JONES: AND GIVEN -- CAN YOU ALSO SIMPLY FOR US HELP US -- REMIND US OF THE

DISTRIBUTION OF THE PFZ AMONG THE PROJECTS? >> WHAT I CAN SHARE WITH YOU IS UNDER OUR BASE MODEL -- AND AGAIN, THERE'S THE BASE MODEL, WHICH WE NEED TO HOPEFULLY COME IN A LITTLE BIT BETTER THAN THAT. WE HAVE TO MEET COVERAGE IN CERTAIN AREAS. WE WANT TO MAKE SURE WE'RE SIZING IT TO SOMETHING THAT WE'VE GOT A LITTLE BIT OF ROOM IN. SO I'M GOING TO GIVE YOU A RANGE. AND THEN THERE ARE SCENARIOS THAT IF YOU RUN ECONOMIC CYCLES, RECESSIONS THROUGH, THAT AFFECTS THE NUMBER. WE'RE TALKING ABOUT COMPOUNDING SOMETHING OVER 30 YEARS. I CAN TWEAK SOMETHING SLIGHTLY AND IT'S GOING TO CHANGE THE OUTCOME A LOT. THAT'S WHERE WE WANT TO BE CAREFUL.

THE ARENA IN OUR BASELINE MODEL TO THE UPPER END OF WHAT WE MODEL IS BETWEEN 28 AND 38% OF THE PFZ BEING USED FOR THE ARENA. THE REST OF THAT FLOWING OVER TO THE CONVENTION CENTER/ALAMODOME SIDE. THE MODELS THAT ARE MORE PROBABLE ARE PROBABLY GOING TO BE IN THAT 30% RANGE, 30-33% RANGE.

WE'RE GOING TO BE ON THE LOWER END OF THAT, BECAUSE WHAT I GAVE YOU WAS THE BASELINE.

WE SHOULD COME IN BETTER ON THE BASELINE. SO THAT'S THE RANGE.

I DIDN'T GO BACK AND TRY TO ALLOCATE BETWEEN THE DOME AND THE CONVENTION CENTER.

IT GOES BACK INTO OTHER FINANCING MODEL. AND WE DID NOT SIZE ALL THE CAPACITY FOR THE PFZ. WHEN YOU GET TO 2035, THAT'S WHERE IT OPENS IT UP.

THAT WOULD BE ADDITIONAL CAPACITY THAT WE HAVE NOT TRIED TO CAPTURE.

>> MAYOR JONES: THAT'S HELPFUL TO UNDERSTAND, BECAUSE WHEN WE TALK ABOUT EXCESS PFZ REVENUE BEING USED FOR THE CONVENTION CENTER AND THE ALAMODOME, ON THE CHART, HOW WOULD WE UNDERSTAND

EXCESS? >> ONCE WE'VE FINANCED THE ARENT SERVICE EVERY YEAR -- ALL OF THOSE ELEMENTS -- THANK YOU. ALL OF THOSE ELEMENTS ON THE LEFT-HAND SIDE OF THIS GRAPHIC -- THE ARENA LEASE, THE HEMISFAIR TIRZ AND THE PFZ ARE ALL FLOWING INTO THIS MODEL, THIS FINANCING REGIME. AND ESSENTIALLY IT COVERS ITS DEBT SERVICE.

WE'VE MADE OUR COVERAGE REQUIREMENT ON THE DEBT. AND THOSE EXCESS PFZ REVENUES FLOW OUT OF THAT MODEL ON AN ACTUAL BASIS. EVERY YEAR WE'LL TRANSFER THEM OUT. AND THEY'LL FLOW OVER TO OUR PRO FORMA WHERE WE HAVE THE CONVENTICONVENTION CENTER AND TE ALAMODOME DEBT. THAT NUMBER WILL FLUCTUATE.

THE DEBT SERVICE ASCENDS. IT IS NOT AN EVEN NUMBER. IT IS CHANGING EVERY YEAR BASED

ON WHAT WE HAVE SI SIZED INTO TE FINANCING. >> MAYOR JONES: WHAT WAS THE

AVERAGE GROWTH OF THE PFZ? >> 4.63% IS THE COMPOUND ANNUAL GROWTH RATE.

[01:15:02]

THAT'S US TAKING SOMETHING AND MAKING IT SMOOTH. IN ACTUALITY, IT DOESN'T LOOK LIKE THIS. THE FIRST YEAR, IF YOU GO DOWN A LITTLE BIT . . . THAT FIRST YEAR, BASED ON THIS SMOOTHING EVERYTHING OUT, WOULD SAY THE FIRST YEAR IS $2.5 MILLION.

WE'RE PROBABLY BETWEEN -- WE DON'T HAVE ACTUALS FROM THE STATE YET.

WE HAVE ABOUT NINE MONTHS OF ACTUALS FROM THE STATE. A FEW MORE MONTHS.

WE THINK WE'LL LAND SOMEWHERE AROUND 800,000 TO MAYBE A MILLION.

SO IT'S GOING TO FLUCTUATE. >> MAYOR JONES: THANK YOU. I ASK BECAUSE WHEN WE'RE CONSIDERING THAT EXCESS PFZ REVENUE TO HELP US FINANCE THE CONVENTION CENTER, WHICH WE ALREADY UNDERSTAND IS 150 MILLION MORE THAN WHAT WE ANTICIPATED IT BEING, UNDERSTANDING HOW QUICKLY WE COULD ACCESS THE EXCESS, DEPENDING ON WHEN IT'S REALIZED.

OTHERWISE IT HAS TO COME FROM THE 2% FROM THE CITY AND THE PORTION OF THE 7%?

>> SO, A COUPLE OF THINGS, MAYOR. THE NUMBER, THE 150 MILLION FOR THE CONVENTION CENTER, WE THINK IT'S 850 MILLION NOW. SO WE RECOMMENDED PHASING THAT.

AND GIVEN THE CONTINUED UNCERTAINTY, WE FELT LIKE THAT WAS MORE PRUDENT TO BACK THAT DOWN A LITTLE BIT. MICHAEL AND THE TEAM WERE ABLE TO COME UP WITH SOMETHING THAT WAS NOT A VALUE ENGINEERING EXERCISE, BUT SOMETHING THAT WE COULD IMPLEMENT IN PHASES AND STILL ACCOMPLISH THE PROGRAM. SO THAT'S THE 700 MILLION. THE $150 MILLION PHASE TWO IS NOT BUILT INTO OUR MODELING. WHAT WE'RE SAYING IS WE WOULD DO THAT AS THINGS RECOVER AND WE SEE BETTER PERFORMANCE IN REVENUES. IF WE SEE THAT, WE WOULD EXECUTE

THAT SECOND PHASE. >> MAYOR JONES: HOW SHOULD -- BIG PICTURE, HOW SHOULD WE THINK ABOUT, WITH THE SPURS, MOVING UP THE TIMELINE TO 2030, HOW SHOULD WE THINK ABOUT THAT ACTION IN THE CONTEXT OF A CONVENTION CENTER EXPANSION AND THE TIMING OF THAT?

>> WELL, OUR GOAL WOULD BE IF WE CAN TO TRY TO ALIGN THOSE PROJECTS TIMING-WISE.

AND WE STILL NEED TO DO SOME MORE ORANGE -- WORK TO SEE WHAT THAT LOOKS LIKE.

WE WANT TO CONTINUE TO TALK TO THE SPURS ABOUT OPPORTUNITIES TO COLLABORATE IF BOTH THOSE BUILDINGS ARE MOVING FORWARD AT THE SAME TIME. MAYBE THERE'S EFFICIENCIES WE CAN GAIN AS WE DO EVERYTHING FROM ORDER MATERIALS FOR THE PROJECTS, BUY STEEL.

THERE'S SOME ECONOMIES OF SCALE WE CAN GET FROM THAT. WE HAVE TO THINK ABOUT THE LOGISTICS IN THE PARK. YOU'VE GOT ESSENTIALLY BOTH ENDS OF THAT PARK WOULD HAVE A LOT OF CONSTRUCTION. YOU HAVE TO HAVE LAY-DOWN YARDS, CONSTRUCTION VEHICLES, ALL OF THOSE THINGS. THAT NEEDS TO BE COORDINATED AND WE NEED TO WORK OUT THE

LOGISTICS THERE. >> MAYOR JONES: EXACTLY THE POINT.

SO, YOU DON'T HAVE A CONCERN -- EVEN ROSIEST PROJECTION, ABOUT WHEN THE EXPANSION TAKES PLACE AND THEN IS EXECUTED EVEN PHASE ONE, WHERE IS THAT IN RELATION TO 2030?

>> OUR TIMING IS THAT OUR ARENA FINANCING GOES IN SEPTEMBER OF 2028.

I WOULD EXPECT OUR LARGER -- I'M GOING TO BACK UP. THE ARENA IN SEPTEMBER OF '28.

LARGER FINANCINGS FOR THE CONVENTION CENTER WOULD PROBABLY BE AFTER SEPTEMBER '28.

WE COULD DO SOMETHING ON AN INTERIM BASIS SO THEY'D COVER DESIGN WORK OR SOMETHING VERY SMALL. THERE -- WE MAY DO IT IN TRANCHES KIND OF LIKE WE DO THE BOND PROGRAM AND MAYBE NOT DO IT ALL AT ONE TIME. THOSE ARE THINGS WE NEED TO CONTINUE TO EVALUATE. BUT THE ARENA FINANCING FROM MY PERSPECTIVE WILL LIKELY GO FIRST

FROM THE LARGER BOND FINANCING PERSPECTIVE. >> MAYOR JONES: OKAY.

THAT'S HELPFUL. ON THE CONVENTION CENTER, I'M NOT SURE IF THIS IS YOU OR MICHAEL, OR MAYBE EVEN MARIO. CAN YOU HELP US UNDERSTAND SOME OF THE -- ESPECIALLY AS WE THINK ABOUT PHASE TWO AND WHAT IT ACTUALLY GETS US, IS THERE -- WHAT WAS MISSING FOR ME IN THE PRESENTATION, EVEN IN THE AUDIO TRACK IS KIND OF AN ASSUMPTION OF NUMBER OF HOTEL ROOMS, KIND OF EXPECTED ECONOMIC IMPACT OF THE EXPANSION. SO, CAN YOU HELP US UNDERSTAND WHAT THOSE ASSUMPTIONS ARE? AND EVEN JUST HOW THE EXPANSION MAKES US MORE COMPETITIVE.

WHAT WE RECOGNIZE -- AND MAYBE THAT'S MARIO -- IS THAT WE'RE REALLY COMPETITIVE FOR -- IS IT

[01:20:04]

SMRF, IS THAT THE TERM? >> WE GET A LITTLE BIT OF EVERYTHING.

IT'S CORPORATE ASSOCIATION, BUT SMRF IS ANOTHER SEGMENTATION. >> MAYOR JONES: CAN YOU -- I KNOW -- I KIND OF REMEMBER, BUT IF YOU WOULD FOR THOSE LISTENING?

>> SO, IT'S SORORITY FRATERNITY GOVERNMENT PLAYS INTO IT AS WELL, STATE, LOCAL WOULD ALL PLAY INTO IT. SO IT'S ANOTHER SEGMENTATION THAT SUPPORTS AUDIO ]. 70% OF THE BUSINESS THAT WE BOOK INTO THE CONVENTION CENTER IS

GOING TO BE LARGE ASSOCIATION BUSINESS. >> MAYOR JONES: IN TERMS OF THEN THE EXPANSION THAT IS PROPOSED, THE ACTUAL -- BASED ON THE NUMBERS, CAN YOU HELP US UNDERSTAND WHAT ASSUMPTIONS SHOULD -- YOU'RE LOOKING AT IN TERMS OF NUMBER OF HOTEL ROOMS THAT WOULD BE FILLED, AND HOW DF STAY, ETC. TO THE EXTENT THAT AS WE ALSO KNOW, SOME OF THESE CONVENTIONS DON'T ALWAYS REQUIRE PEOPLE COMING IN TO THEM.

IT'S JUST OUR FOLKS GOING TO MORE CONVENTIONS LOCALLY, THAT'S A LITTLE DIFFERENT THAN WHAT WE MIGHT BE EXPECTING IN TERMS OF OUTSIDE FOLKS STAYING IN THE HOTELS, CONTRIBUTING TO THAT PFC

TO HELP PAY FOR SOME OF THESE THINGS. >> LET ME START WITH WHAT THE ASSUMPTIONS ARE FOR NEW BUSINESS. WHAT I'VE SHARED WITH YOU THIS N THAT SLIDE WAS PROTECTING THE GROUP BASE. WE DIDN'T TALK ABOUT IN THAT SLIDE THE ASSUMPTION OF NEW BUSINESS OPPORTUNITIES THAT WE WOULD BE ABLE TO GO AFTER IF WE GET THAT EXPANSION. SO THERE'S ABOUT 74 GROUPS THAT WE HAVE ESTIMATED AT ABOUT $718 MILLION OF ECONOMIC IMPACT -- ADDITIONAL -- THAT WE WOULD BE ABLE TO GO AFTER.

OBVIOUSLY WE'D HAVE TO CLOSE ON IT. SOMEWHERE BETWEEN 1 TO 74 OF THOSE GROUPS YOU'RE GOING TO BE ABLE TO GET, WE COULD APPLY OUR CLOSURE RATIOS TO THAT, WHICH HISTORICALLY HAS BEEN 50%. ANYTHING THAT COMES INTO OUR FUNNEL, WHETHER IT'S A STRONG OPPORTUNITY FOR SOME CONSIDERING SAN ANTONIO OR WE WANT SAN ANTONIO, WE CLOSE ON 50%.

THAT WOULD BE A SAFE ASSUMPTION. BUT THERE'S 74 GROUPS THAT WE WOULD BE ABLE TO GO AFTER WITH THIS ADDITIONAL 150,000 SQUARE FEET OF ADDITIONAL EXHIBIT HALL SPACE.

>> MAYOR JONES: WE'RE ASSUMING OUR 50% CLOSE RATE, EVEN AS WE EXPAND, WILL CARRY FORWARD.

IS THAT WHAT IS HAPPENING IN THE CONVENTION BUSINESS, YOU'RE SEEING THAT MUCH MORE WORK TO

CAPTURE? >> THAT IS, YES, MA'AM. SO I BELIEVE WHAT YOU'RE REFERRING TO IS THE TREND THAT WAS HAPPENING IN THE MEETINGS INDUSTRY WHERE FOLKS WERE DOING HYBRID MEETINGS, WHERE THEY WERE LOGGING IN, GOING THROUGH TEAMS AND PICKING UP.

THAT HAS SUBSIDED. PEOPLE WANT TO ENGAGE, TO CONNECT.

AND WE'RE SEEING THAT IN OUR NUMBERS. BUT THE COST OF DOING A HYBRID MEETING IS VERY COSTLY. SO THERE'S A LOT LESS OF THAT. I CAN'T THINK OF TOO MANY RFPS THAT WE'VE SEEN THAT ACTUALLY HAVE THAT HYBRID MODEL IN IT NOW.

>> MAYOR JONES: OKAY. HOW DO WE KNOW THAT MORE SPACE MAKES US MORE COMPETITIVE?

>> A. WE HAVE CUSTOMERS THAT ARE TELLING US THAT. WE HAVE SEVERAL LONGSTANDING CUSTOMERS THAT HAVE BEEN IN THE CITY OF SAN ANTONIO THAT ARE BOOKED IN 31, 32.

BUT AS THEY CONTINUE TO EXPAND, THESE ADDITIONAL CONVENTION CENTERS ARE OPENING, THEY'RE SAYING WE NEED MORE SPACE. AN IMPORTANT PIECE OF THIS COMPONENT IS WHAT I MENTIONED EARLIER. 70% OF OUR BUSINESS AT THE CONVENTION CENTER IS ASSOCIATION BUSINESS. THAT ASSOCIATION BUSINESS BASICALLY FUNDS -- MANY OF THEM FUND THEIR ENTIRE ANNUAL YEAR'S BUDGET ON SELLING EXHIBIT HALL SPACE.

THAT SQUARE FOOTAGE IS NECESSARY FOR THEM TO HIT THEIR FINANCIALS IN ORDER TO STAY SOLVENT THROUGHOUT THE YEAR. WE KNOW THAT ASPECT. IN THE GROUPS THAT I MENTIONED, THOSE 74, WE KNOW WHO THEY ARE, WE KNOW HOW MUCH SQUARE FOOTAGE THEY NEED.

WE ALSO H H HAVE DEMO DEMONSTRAE EXAMPLES OF GROUPS, SUCH AS ONE THAT IS WITH US EVERY JULY, 18,000 ATTENDEES. IT WAS IN SAN ANTONIO EVERY TWO YEARS, ONE IN HOUSTON.

FOR THE FIRST TIME IN '31, THEY ARE -- THEY HAVE CONFIRMED AND BOOKED THE AUSTIN CONVENTION

[01:25:01]

POSSIBLY GO AFTER. >> MAYOR JONES: THAT'S HELPFUL, THANK YOU.

ON THE BOOKING SLIDE, YOU SAID YOU USED YEARS 2017 AND 2019, YOUR BEST YEARS.

WHY WOULD WE USE THE BEST YEARS VERSUS A MORE AVERAGE, NORMAL YEAR?

>> FOR ME, I WANTED TO SEE -- SEVERAL THINGS. IT'S ALWAYS GOOD TO LOOK AT WHAT YOUR PREPANDEMIC BEST YEARS WERE. '17, '18, AND '19 WE HAD AN INCREDIBLE LAYER OF CITYWIDES THAT MATCHED UP, LAYERED IN VERY WELL.

IN 2018, THERE WAS AN NCAA MEN'S FINAL FOUR. '19 WAS STRONG WITH CITYWIDE.

ANY WAY I SLICE AND DICE THIS DATA, WHETHER I DO A COMPARE TO SAME TIME LAST YEAR OR TO THE MOST RECENT BOOKING YEARS OF '22, '23, '24, OR EVEN GOALS THAT WE HAVE ESTABLISHED WITH THE CONVENTION CENTER TEAM, WHICH ARE MORE AGGRESSIVE THAN THE ACTUAL AVERAGES THAT YOU SEE UP THERE, IT STILL SHOWS US BEHIND PACE FOR '31, '32, AND '33.

>> MAYOR JONES: RELATIVE SCALE OF THAT WHEN YOU USE AFTER AN AE YEAR?

>> IN TERMS OF WHAT? >> MAYOR JONES: BECAUSE THE POINT OF THAT SLIDE IS TO SHOW THE DELTA. IF YOU USE THE AVERAGE, WHAT'S THE DELTA?

>> THE DELTA WOULD BE 100% BOOKING PACE. YOU'LL SEE THOSE NUMBERS IN ANY OF THOSE GIVEN YEARS, YOU'VE FALLEN OFF ALMOST 39% ON ANY GIVEN YEAR.

IT'S TOTAL NUMBER OF ROOM NIGHTS ASSOCIATED WITH THE BOOKINGS, NOT NUMBER OF EVENTS.

>> MAYOR JONES: OKAY. SO WHAT IS A GOOD WAY TO UNDERSTAND THAT?

IF YOU BRING UP THE SLIDE, MAYBE IT'S EASIER TO DO THAT. >> LET ME GIVE IT TO YOU THIS

WAY. >> MAYOR JONES: THANKS. SO FOR EXAMPLE, ON THESE YEARS,

WHEN YOU LOOK AT THE CH CHART, F YOU USE AF AN AVERAGE YEAR. >> 2031, 96,000 ROOM NIGHTS WE'RE BEHIND PACE COMPARED TO OUR BEST BOOKING YEARS. IF YOU LOOK AT 2032 IT EQUATES

TO 62,000 ROOM NIGHTS. 2033, 86,000 ROOM NIGHTS. >> MAYOR JONES: THIS IS IN YOUR BEST YEAR. IF IT'S AN AVERAGE, WHAT IS IT WHEN IT'S YOUR AVERAGE?

>> IT'S GOING TO FALL. I'LL GIVE YOU THE ROOM NIGHTS ASSOCIATED WITH YOUR TARGET.

250,000 ROOM NIGHTS ASSOCIATED WITH THOSE BEST BOOKING YEARS COMPARED TO WHAT'S CURRENTLY ON

THE BOOKS. >> MAYOR JONES: OKAY. I THINK IT IS HELPFUL FOR US TO UNDERSTAND A LITTLE OF GRANULARITY THAT'S MISSING ON THE SLIDE HERE, ESPECIALLY IN LIGHT OF THE CURRENT ECONOMIC ENVIRONMENT AND WHAT WE'RE CURRENTLY SEEING IN OUR

DOWNTOWN. OKAY. >> YEAH.

>> MAYOR JONES: THANK YOU. >> THANK YOU. >> MAYOR JONES: ON THE PEDESTRIAN AND VEHICLE IMPROVEMENTS, ERIC, I RAISED IT WITH YOU, BUT I DID WANT TO LAY FLAT FOR THE PUBLIC, THERE WAS SOME DISCUSSION BY THE SPURS TEAM ABOUT THE STATE FOR SURE COMING THROUGH WITH TXDOT MONEY. WE DON'T HAVE THAT CONFIRMATION,

IS THAT CORRECT? >> THAT'S CORRECT, MAYOR. WE'RE STILL WORKING THROUGH

WITH TXDOT ON THAT. >> MAYOR JONES: OKAY. IS THAT JUST HOPEFUL THINKING ON THEIR PART, OR MIGHT THEY KNOW SOMETHING THAT WE DON'T KNOW IN TERMS OF . . .

>> I THINK WHAT THEY'RE EXPRESSING IS THEIR CONFIDENCE IN IT.

BUT THAT'S PART OF THE WORK THAT WE'RE DOING WITH TXDOT. >> MAYOR JONES: OKAY.

DO WE HAVE A TIME LILINE ON THE ANSWER? >> WE'RE HOPING SOONER RATHER

THAN LATER. >> MAYOR JONES: IF WE DON'T HAVE THAT, HOW MIGHT -- WOULD WE CONSIDER THAT AS PART OF -- IF THAT FALLS THROUGH, UNDERSTANDING THAT WOULDN'T BE THE NORM, BUT WOULD THAT COME OUT OF THE PFC IF IT NEEDED TO, OR HOW WOULD WE COVER DOWN ON

THAT? >> I DON'T THINK IT'S LIKELY THAT NONE OF IT WILL BE DONE.

WE'RE KIND OF PLAYING A WHAT-IF SCENARIO. WHAT IF THAT HAPPENED, WE'D HAVE TO RE-PRIORITIZE SOME OF THOSE PROJECTS AND THEN DEVELOP A STRATEGY TO COME BACK TO THE

COUNCIL WITH. >> MAYOR JONES: THAT'S HELPFUL.

THE WHAT-IF IS IMPORTANT AS WE'RE TALKING ABOUT THE BOND TOMORROW, AND THAT'S NOT A WHAT-IF. THAT'S FOR REAL 35 MILLION. SO UNDERSTANDING HOW WE PAY FOR

THE OTHER 80 IS IMPORTANT. >> OUR ASSUMPTION IS THAT WE ARE GOING TO BE SUCCESSFUL AND ACHIEVE THE FINALITY THAT WE NEED WITH TXDOT. WE'RE GOING TO NEED 20% TO MATCH

[01:30:04]

THAT 81, $82 MILLION IN STATE FUNDING. >> MAYOR JONES: ON THE COST OF SERVICES STUDY, WAS THAT TROY? THANKS. ON THE ASSUMPTIONS, SLIDE 27, PLEASE. OH, IT'S DIFFERENT ON MINE. IT'S THE ONE THAT SAYS

METHODOLOGY AND THEN KEY ASSUMPTIONS. >> 28?

>> MAYOR JONES: 28. OKAY. ON THE KEY ASSUMPTIONS, I THOUGHT WE WERE GOING TO ARTICULATE THE ASSUMPTIONS. BUT WHAT ARE SOME -- WHAT ARE

THE ASSUMPTIONS? >> THE DETAILED ASSUMPTIONS? >> MAYOR JONES: YES.

>> FLIPPING TO THE NEXT SLIDE, 29, THESE WERE THE DETAILED KEY WORKING ASSUMPTIONS THAT WE

INCLUDED IN THE MODEL. >> MAYOR JONES: DO YOU HAVE ASSUMPTIONS WITH NUMBERS?

>> I DON'T HAVE THE NUMBERS. I CAN WALK THROUGH THE NUMBERS I WALKED THROUGH ON THE DISTRICT ACTIVITIES. THE NUMBERS ARE GOING TO BE FAIRLY EXTENSIVE ON THE BACK END, SO WE WANTED TO SUMMARIES SUMMARIES -- SUMMARIZE THEM HERE.

>> MAYOR JONES: OKAY. FEEL FREE TO GO JUST A LEVEL DEEPER THEN IN TERMS OF WHAT SOME OF THOSE ASSUMPTIONS ARE AND WHY THEY'RE CONSERVATIVE, TO YOUR POINT.

BECAUSE IF WE ARE GOING TO HAVE IDEALLY MORE SUCCESS IN THESE, IT WOULD BE HELPFUL TO UNDERSTAND WHAT THESE LOOK LIKE. AND CERTAINLY AS IT RELATES TO -- IT ASSUMES A FULL BUILDOUT. AND IF YOU WOULD DEFINE FULL BUILDOUT ON SLIDE -- IF -- IT'S 29 ON MINE. I'M NOT SURE WHAT SLIDE IT IS ON YOURS.

>> SO, A FULL BUILDOUT IS GOING TO BE THE DISTRICT IS FULLY OPERATIONAL IN TERMS OF THE ARENA IS OPERATING, THE WOOD COURTHOUSE IS OPERATING AND FULLY RUNNING, THE ALAMODOME CONTINUES AS-IS TODAY WITH THE IMPROVEMENTS THAT HAVE BEEN TALKED ABOUT.

SO OPERATING AS NORMAL. WHAT AM I LEAVING OUT? THE CONVENTION CENTER EXPANSION IS UP AND RUNNING AS WELL. THAT -- ASSUMING THAT IS ALL OPERATING, THAT IS OUR BASE

MODEL FOR THE PURPOSE OF THIS STUDY. >> MAYOR JONES: THAT ASSUMES

ALL OF THE GUARANTEED DEVELOPMENT -- >> YES, MA'AM.

MIXED USE IS BUILT. >> MAYOR JONES: 1.4 BILLION? >> PHASE ONE AND TWO IS UP AND

RUNNING. >> MAYOR JONES: OKAY. SO THIS ASSUMES PHASE ONE AND TWO. SO WE ACTUALLY DON'T REACH THIS UNTIL WHAT YEAR, YOU THINK?

>> PHASE TWO IS COMING ONLINE IN 2042. >> MAYOR JONES: OKAY.

THAT'S HELPFUL. OKAY. GO AHEAD ON THE ASSUMPTIONS.

>> SO ON THE ASSUMPTIONS -- CAN YOU BRING THE POWERPOINT BACK UP? THIS MAY TAKE A WHILE. SO, GOING THROUGH, FOR EXAMPLE, THE ESTIMATED ANNUAL REVENUE.

SALES TAX, FOR EXAMPLE, IS GOING TO LOOK AT THREE DIFFERENT PIECES -- WHAT IS PRODUCED IN TERMS OF SALES TAX ON THE PRIVATE DEVELOPMENT, FROM A RETAIL STANDPOINT, WHAT'S BEING PRODUCED ON A RESIDENTIAL, AND ALSO FROM THE CONVENTION CENTER EXPANSION.

SO, DRINKING DOWN -- DRILLING DOWN, 383 IN TERMS OF PRIVATE DEVELOPMENT, 225,000.

IT'S ASSUMING A THOUSAND SQUARE FEET OF DEVELOPMENT, $500 PER SQUARE FOOT, 50% NEW SPENDING,

INCREMENTAL. >> MAYOR JONES: THANK YOU, TROY.

IF SOMEBODY WANTED TO LOOK AT THOSE NUMBERS, WOULD THOSE BE POSTED?

>> THEY'RE NOT ON THE WEBSITE. THEY'RE THE BACK END OF THE MODEL THAT'S DRIVING THESE

NUMBERS THAT WE HAVE TODAY. >> MAYOR JONES: WOULD IT BE POSSIBLE TO SHARE THOSE?

>> I CAN PUT SOMETHING TOGETHER AT A DETAIL LEVEL. >> MAYOR JONES: THAT WOULD BE HELPFUL. ESPECIALLY AS YOU MENTION THESE THINGS.

IT SOUNDS LIKE IT'S JUST BARELY A WASH BASED ON THE MODEL YOU'VE GOT.

>> YES, MA'AM. I THINK BASED ON WHAT WE'RE SEEING TODAY IN THE BASE MODEL, IT'S BARELY A WASH, $160,000 MORE. THERE'S A COUPLE OF PIECES ON THE REVENUE SIDE THAT WILL GENERATE MORE REVENUE AT THE END.

I THINK THAT THE REVENUES ARE SOMEWHAT CONSERVATIVE. I HAVE MORE CONFIDENCE ON THE EXPENDITURE SIDE BASED ON THE TRIGGERS AND ASSUMPTIONS THAT ARE BEING PUT IN PLACE.

>> MAYOR JONES: WHAT HAPPENED WHEN A VENUE IS NOT ABLE TO OR POTENTIALLY UNWILLING TO COVER

THE COST OF THE SERVICE? >> UNWILLING TO COVER THE COST OF THE SERVICE?

>> MAYOR JONES: OR UNABLE. HOW DOES THAT WORK? >> I MEAN, IN TERMS OF THE ALAMODOME, TO THE EXTENT THAT IT'S UNABLE TO COVER ITS COSTS, YOU'D HAVE A COMBINATION OF HOT COMING IN TO SUPPORT IT. THE ASSUMPTION WITH THE ARENA IS THE SPURS WILL COVER THEIR COSTS. THAT'S CONVERSATIONS THAT WE STILL NEED TO HAVE WITH THEM.

BASED ON SOME CONVERSATION, THEY'RE WILLING TO DO THAT, COVER THE INTERNAL COSTS AND THE

EXTERNAL COSTS, AS WELL AS THE CONCURRENCY. >> MAYOR JONES: BASED ON WHAT

[01:35:03]

COVER THEIR INTERNAL AND EXTERNAL COSTS? >> YES, MA'AM.

>> MAYOR JONES: OKAY, THANKS. I THINK I CUT YOU OFF. GO AHEAD.

>> NO. THERE WASN'T A WHOLE LOT MORE TO SAY OTHER THAN THE BASE KEY ASSUMPTION IS THAT THESE VENUES WILL COVER THEIR COSTS. TO THE EXTENT THE ALAMODOME IS NOT AND THERE'S ADDITIONAL SURCHARGES PUT IN PLACE, IT WOULD HAVE TO COME FROM THE HOT REVENUE TO SUB-SUBSIDIZE THAT. THE ASSUMPTION IS THEY WILL COVER THEIR COSTS.

THE WOOD COURTHOUSE IS THEORETICAL, BUT IT WOULD COVER THEIR COSTS AS WELL AS WE

NEGOTIATE WITH AN ENTITY TO RUN THIS FACILITY. >> MAYOR JONES: OKAY.

ON -- MAYBE IT'S SHANNON. ON THE RECONNECTING COMMUNITIES AND THE MOBILITY STUDY, I GOT A BRIEFING FROM THAT EASTSIDE GROUP AND I APPRECIATE WHAT THEY'RE TRYING TO DO.

BUT IF YOUR IMPLEMENTATION RECOMMENDATIONS ARE GOING TO BE PROVIDED EARLY NEXT YEAR, AND THEIR STUDY IS NOT GOING TO BE COMPLETE UNTIL LATER THIS YEAR, HOW ARE WE MAKING SURE THAT

THOSE ARE SYNCED UP? >> AS IT RELATES TO THE RECONNECTING COMMUNITIES GRANT, THAT WORK -- THAT TEAM HAS BEEN WORKING VERY CLOSELY WITH MIKE AND HIS TEAM, AND PEOPLE -- EVERYBODY THAT'S LOOKING AT THE PROJECTS THAT WOULD BE INCLUDED IN THE BOND.

AND SO MAKING SURE THAT ANYTHING THAT'S BEING PROPOSED NOW AND HAS FUNDING AVAILABLE IS CONSISTENT WITH WHAT WE'RE HEARING FROM THE COMMUNITY AND WE'RE NOT CREATING ANY CONFLICTS. SO EVERYTHING THAT WE ARE HEARING FROM THE COMMUNITY SO FAR -- THE PRIORITIES LINE UP WITH WANTING THINGS LIKE PEDESTRIAN ACCESSIBILITY ACROSS I-37. BUT THEN ALSO WE'RE HEARING OTHER THINGS FROM THE COMMUNITY.

SO SOMETIMES IT'S NOT ABOUT GETTING SPECIFICALLY TO THE DISTRICTS, IT'S MAYBE IF YOU'RE EVEN FURTHER EAST, THERE'S SOMETIMES A CHALLENGE GETTING THAT'S NOT TIED SPECIFICALLY TO THE SPORTS AND ENTERTAINMENT DISTRICT.

SO THERE WILL BE RECOMMENDATIONS COMING OUT OF THE RECONNECTING COMMUNITIES PROCESS THAT AREN'T

SPECIFIC TO THE SPORTS AND ENTERTAINMENT DISTRICT. >> MAYOR JONES: ON THE MOBILITY STUDY, DO YOU HAVE A BASIC WORKING ASSUMPTION IN TERMS OF NUMBER OF PEOPLE THAT ARE GOING TO -- THAT WOULD NEED TO BE MOVED ON AN AVERAGE DAY, NUMBER OF RESIDENTS WE EXPECT TO SEE THERE, ETC.? WHERE ARE THOSE -- THAT ARE GUIDING THE STUDY?

>> THE WALKER CONDUCTING TEAM HAS BEEN DOING A LOT OF MODELING, THE CONSULTING TEAM.

PARKING AVAILABILITY DEPENDS ON WALKING TOLERANCE, VEHICLE OCCUPANCY.

SO, OTHER THINGS FACTOR INTO HOW MANY PARKING SPACES YOU'RE GOING TO NEED, OR HOW MANY CARS THERE WILL BE. SO THEY HAVE MODELED SEVERAL SCENARIOS.

FOR EXAMPLE, DO WE ASSUME THAT 2.2 PEOPLE RIDE IN A CAR ON AVERAGE TO COME TO AFTER EVENT, EVENT -- AN EVENT, OR 2.5 PEOPLE? ARE PEOPLE WILLING TO WALK 20 MINUTES FROM A PARKING SPACE, OR MORE? THEY'VE MODELED DIFFERENT SCENARIOS BASED ON IF THE ALAMODOME WAS AT FULL CAPACITY, IF AN ARENA WAS AT CAPACITY.

AND THERE'S NOT AN ARENA DOWNTOWN TODAY. SO THEY LOOK AT WHAT PARKING DEMAND IS AT CROSS BANKNER BY COMPARISON. WE'VE DETERMINED BASED ON THEIR WORK THAT THERE ARE A LITTLE OVER 30,000 PARKING SPACES AVAILABLE -- PUBLICLY AVAILABLE DOWNTOWN. SOME OF THOSE ARE ON-STREET OR OFF-STREET, PARKING GARAGES.

A PERCENTAGE OF THOSE ARE CITY-OWNED, BUT WE ONLY OWN 25% OF THE PARKING SPACES DOWNTOWN.

SO A LOT OF IT IS PRIVATELY PROVIDED. SO, YES, THEY ARE LOOKING AT ALL THOSE THINGS. ASSUMING THAT AT A MAJOR EVENT, THEY LOOKED AT EXAMPLE -- THERE WAS A BIG EVENT THIS SUMMER THAT THEY USED AS A CASE STUDY. LOOKING AT PARKING FOR A LARGE ALAMODOME EVENT WAS 62,000 PEOPLE. SO WHAT DOES THAT MEAN IN TERMS OF CARS. AND BASED ON HOW MANY PEOPLE PER VEHICLE AND HOW FAR THEY'RE WILLING TO WALK, AND THE PERCENTAGE OF PEOPLE USING TRANSIT, THEN THE NUMBER OF PARKING NEEDED FLUCTUATES. THAT IS WHY MANY OF THE RECOMMENDATIONS THAT WILL BE INCLUDED IN THE IMPLEMENTATION REPORT ARE GOING TO BE GEARED TO HOW DO WE SHIFT THAT PERCENTAGE

[01:40:06]

>> MAYOR JONES: THAT'S HELPFUL. IT'LL BE HELPFUL TO UNDERSTAND THE SENSITIVITY OF SOME OF THOSE THINGS. THIS IS ALL BASED ON THIS MAP ON SLIDE 32. I'M NOT SURE WHAT IT IS ON YOURS.

BUT IT'S SCOPE. YES, THANK YOU. IT'S ALL BASED ON THAT MAP, CORRECT? GETTING FOLKS IN AND OUT OF THAT AREA.

THAT'S WHY I ASK WHAT ARE THE ASSUMPTIONS, BECAUSE THIS IS A LARGER AREA THAN JUST THE SPORTS AND ENTERTAINMENT DISTRICT. WE EXPECT TO SEE MUCH MORE RESIDENTIAL, TO THE EAST SIDE AND POTENTIALLY TO THE SOUTH SIDE. UNDERSTANDING WHAT ASSUMPTIONS YOU'RE MAKING AND PRESENTING THOSE SO THAT WE CAN SAY THAT MAKES SENSE, OR MAYBE THAT'S A LITTLE HIGH, OR MAYBE WE NEED TO BE MORE AGGRESSIVE, WHICH HELPS DRIVE SOME OF OUR OWN PLANNING IS IMPORTANT. IF YOU WOULD COME BACK, SHARE WHAT SOME OF THOSE HIGH-LEVEL ASSUMPTIONS ARE IN TERMS OF RESIDENTS, FOR EXAMPLE, THAT IS SHAPING WHAT THE STUDY IS

LOOKING AT. >> AND MUCH OF THAT THE CONSULTING TEAM HAS BEEN WORKING ON RUNNING THOSE MODELS. SO MUCH OF IT -- DEPENDING ON THE DIFFERENT VARIABLES, THEN THE RESULTS DIFFER. BUT AS I MENTIONED IN THE PRESENTATION, SO MUCH GOES INTO THE OVERALL MOBILITY, KIND OF, WORLD THAT WE HAVE TO THINK ABOUT HOW WE'RE MANAGING -- LIKE CURB MANAGEMENT. THAT CAN HAVE A BIG IMPACT.

AGAIN, TECHNOLOGY THAT ENABLES US TO BE MORE INTEGRATED TO HELP PEOPLE DISCOVER OPTIONS MORE READILY. REALLY PROMOTING THE USE OF PARK AND RIDE ON LARGE EVENT DAYS.

SO THERE'S SO MANY FACTORS THAT GO IN. AND ALL OF THAT WILL BE CAPTURED IN THERE IN THEIR FINAL REPORT THAT WILL BE AVAILABLE IN EARLY '27.

>> MAYOR JONES: I GET THERE ARE VARIOUS FACTORS, BUT THERE ARE SOME THINGS THAT ARE BASIC PLANNING CONSIDERATIONS, WHICH IS IN THE NEXT FIVE YEARS WE EXPECT RESIDENCY TO BE THIS LEVEL. EVEN JUST IN THIS MAPPED AREA. IN 20 YEARS, WE EXPECT IT TO BE THIS. IF WE HAVE THAT ALREADY AS BOUNDING THE ANALYSIS AND THE PLANNING, THEN WE AT LEAST KNOW THAT THAT'S THE THING AS THE VARIABLES ARE CHANGING.

BUT SOME OF THOSE BASIC THINGS, BUILDING BLOCKS, WE ALL HAVE UNDERSTANDING OF.

YOU HAVE THOSE, CORRECT? >> I MEAN, I CAN'T TELL YOU WHAT THOSE ARE RIGHT NOW, BUT WE

COULD FOLLOW UP. >> MAYOR JONES: YES. OKAY.

TURN TO MY COLLEAGUES. COUNCILWOMAN VIAGRAN, PLEASE. >> VIAGRAN: THANK YOU FOR THE PRESENTATION. I APPRECIATE THE EFFORTS. 44 SLIDES ON A WEDNESDAY AFTER NOON IS A LOT OF SLIDES, BUT I KNOW THAT YOU GUYS HAVE BEEN WORKING HARD.

WE'VE HAD MEETINGS ON THIS IN TERMS OF THE DOWNTOWN AREA. SO I'M GOING TO BE BRIEF.

THIS HAS BEEN A THOUGHTFUL PROCESS. I WANT TO BE BRIEF.

AND THE ENGAGEMENT TOWARDS THE REALIZATION OF A MORE MODERN DOWNTOWN, SPORTS AND ENTERTAINMENT DISTRICT, INCLUDING THE SPURS ARENA AND AN EXPANDED CONVENTION CENTER IS WHAT WE NEED TO CONTINUE TO COMPETE NATIONALLY AND GLOBALLY. SO I WANT TO THANK YOU VISIT SAN ANTONIO FOR YOUR WORK, YOUR EFFORTS, BRING THAT INFORMATION AND STARTING WITH THE BEST YEARS. I THINK THAT'S WHAT I WANT YOU TO STRIVE FOR.

I'M GOING TO FOCUS ON THE CONVENTION CENTER EXPANSION. I DO NOT WANT TO DISCUSS THE ALAMODOME AT THIS TIME, AS I THINK THERE'S A LOT MORE TO UNPACK THERE THAN ONE MEETING IS FOR, BECAUSE THAT IS SOMETHING WE'RE GOING TO NEED TO CONSIDER IN THE FUTURE.

BUT IN TERMS OF CONVENTION CENTER EXPANSION, I THINK THE CONCERN FOR ME IS WE HAVE BEEN VERY STEADY WITH OUR GROUP PARTICIPATION. HOWEVER, AS HOUSTON AND DALLAS, AND AUSTIN GROW, THEY ARE GOING TO BE THE BRIGHT AND SHINY THINGS.

AND PEOPLE ARE GOING TO HEAD OVER THERE. THEY WILL RETURN TO SAN ANTONIO.

WHEN THEY DO RETURN TO SAN ANTONIO, WE WANT TO HAVE THOSE ASSOCIATIONS PART OF A CONVENTION CENTER THAT HAS MULTIGROUPS GOING ON AT A TIME. SO I THINK IT'S VERY KEY THAT WE UNDERSTAND THAT. AND AS WE START AND CONTINUE THIS PROCESS, HAVING A SPORTS ARENA DOWNTOWN THAT IS BRINGING IN THE TOURISM, AND THE TRAVELER FOR ATHLETIC SPORTS IS IMPORTANT, AND CONCERTS THAT WE'LL HAVE DOWNTOWN. SO, I THINK, MARIO, WHAT WOULD HELP FOR THE COUNCILMEMBERS, IF YOU COULD LOOK -- IF YOU CAN PROVIDE IN AN EMAIL OR A MEMO ALL THE GROUPS THAT COME TO TEXAS THAT WE HAVE NOT BEEN ABLE TO BOOK IN SAN ANTONIO BECAUSE

[01:45:04]

WE'LL DISCUSS THE ALAMODOME A LITTLE LATER. BUT IN TERMS OF THE COST OF SERVICE STUDY, I WANT TO THANK Y'ALL FOR DOING WHAT Y'ALL COULD WITH THE FACT THAT THIS IN AUDIO ]. WE HAVEN'T HAD AN ARENA-TYPE SPORTS DOWNTOWN SINCE WE HAD THE SPURS AT THE DOME. AND BEFORE THAT IT WAS THE HEMISFAIR.

SO TRYING TO LOOK AT WHAT SOMETHING NEW WOULD COME IN AND COMPARE THAT TO WHAT'S HAPPENING IN ATLANTA AND OTHER -- AND TAMPA, OTHER AREAS THAT HAVE A DOWNTOWN VENUE IS VERY INTERESTING TO SEE. BUT TEXAS -- THE STATE HAS PROVIDED THIS OPPORTUNITY WITH THE PFZ. WE DO NOT HAVE THE MONEY TO COVER WHAT WE NEED IN THE BOND.

SO I THINK YOUR RECOMMENDATIONS TO USE THE BOND FOR THE INFRASTRUCTURE IS NEEDED.

AND I BELIEVE OUR RELATIONSHIP WITH TXDOT IS STRONG ENOUGH THAT THEY WILL FOLLOW THROUGH IN PROVIDING WHAT THEY HAVE SAID THEY WOULD HELP WITH IN THE CONSTRUCTION OF DOWNTOWN.

SO I REALLY WANT TO TALK ABOUT THAT MOBILITY ISSUE, THOUGH, SHANNON, AND WITH OTHERS.

WHERE THE MOBILITY COMES FROM -- AND I THINK THAT'S WHERE WE GO BACK INTO THE NEIGHBORHOODS AND OUR COMMUNITIES AND WE ASK WHAT IS KEEPING YOU FROM DOWNTOWN, FROM DISTRICT 1 TO DISTRICT 10, WHAT'S KEEPING YOU FROM HEADING DOWNTOWN. FOR DISTRICT 3, IT IS THE TRAFFIC GETTING OUT THERE. THE GROWING CONCERN FOR SOME OF THE SHALLOW SOUTH SIDE IN THERE IS PEOPLE'S STREET PARKING AND PARKING IN THEIR STREETS AND NEIGHBORHOODS.

AND WE KNOW WE HAVE THAT PROBLEM IN KING WILLIAM. IT'S IMPORTANT WE GO BACK INTO THE NEIGHBORHOOD AND SAY WHAT IS KEEPING YOU FROM DOWNTOWN OR WHO IS -- WHAT IS THE PROBLEM WHEN YOU GET DOWNTOWN, WHERE ARE YOU PARKING, WHAT CAN WE DO TO MAKE IT EASIER.

WHAT I WOULD REALLY LIKE TO SEE IS IF I START MY EVENING AT THE MARKET SQUARE, AND I AM ABLE ENOUGH TO WALK FROM THERE TO THE ALAMODOME, OR TO THE ARENA, WHAT DO I VISIT.

WHAT ARE THE CULTURAL ZONES THAT I VISIT BETWEEN THE MARKET SQUARE AND GETTING TO THE CONVENTION CENTER IN THAT AREA. AND I THINK -- I'VE DONE THAT IN TAMPA.

I'VE DONE IT IN ATLANTA. YOU HAVE SOMETHING FOR THEM TO VISIT AT AND SEE.

IF YOU'VE BEEN TO NEW YORK, YOU'VE DONE IT IN NEW YORK WHERE YOU'RE VISITING NEIGHBORHOODS, OR SHOPS, OR TOURIST LOCATIONS. WE HAVE DONE THAT TO AN EXTENT, BUT I THINK IT'S IMPORTANT THAT WE LOOK AND BE MORE CONCENTRATED IN THAT EFFORT, WHETHER IT'S IN I LOVE TACOS SO MUCH, ART IMAGE, CENTRAL HAS BEEN VERY HELPFUL. WE NEED TO START THINKING ABOUT THAT AND LOOKING AT WHERE OUR GARAGES CURRENTLY SIT WITHIN AND AROUND THE AREA. WE ARE GOING TO NEED TO DO SOMETHING ABOUT WHAT WE DO IN AND AROUND THE ALAMODOME FOR CONCERTS.

PATRICIA, I HAVE BEEN THERE AT THE CONCERTS. WE'VE HAD A GREAT SUMMER AND FALL OF CONCERT SERIES. BUT THAT TRAFFIC AND NAVIGATING THAT TRAFFIC AND IN THOSE COMMUNITIES. AND I KNOW SOME NEIGHBORS LOVE IT BECAUSE THEY'RE SELLING PARKING IN THEIR YARD. SOME OTHERS ARE VERY CONFUSED AND NOT SURE HOW THEY'RE GOING TO GET TO WHERE THEY NEED TO GO TO. IT'S VERY IMPORTANT THAT WE LOOK AT SIGNAGE AND LOOK AT HOW WE WORK WITH THE NEIGHBORS IN AND AROUND THAT COMMUNITY AS WE CONTINUE TO GROW. WE HAVE OPPORTUNITY HERE. THIS IS OPPORTUNITY.

THIS CITY CONTINUES TO GROW. WHETHER IT'S THE NEW ARENA, WHETHER IT'S OUR ABILITY TO GAIN FANS TO COME TO CONCERTS, THE FACT THAT BIG CONCERTS WANT TO COME HERE NOW BECAUSE FOR WHATEVER REASON THEY'RE NOT GOING TO HOUSTON AND DALLAS -- WE NEED TO SEIZE THAT OPPORTUNITY AND NOT LOSE THAT. AND LET THE COMMUNITY KNOW AND THE TRAVEL AND TOURISM COMMUNITY KNOW THAT WE ARE READY TO GROW. WE KNOW THAT THERE'S GOING TO BE A LEAN TIME.

AS AUSTIN OPENS UP, HOUSTON'S ALREADY OPEN. THERE'S GOING TO BE A LEAN TIME.

WE'VE GOT TML COMING IN TWO WEEKS AND THEY GOT NERVOUS BECAUSE THE EXHIBIT SPACE FOR THEIR VENDORS ISN'T LARGE ENOUGH. AND WE DON'T WANT TO MISS OUT ON

[01:50:02]

BUT DO WE HAVE THE EXHIBIT SPACE FOR A NATIONAL LEAGUE OF CITIES? THOSE ARE JUST TWO THAT HAVE BEEN HERE. THEY TALK ABOUT THIS CONFERENCE. AND THIS IS A CONFERENCE CITY.

HOW WITH WE GOING TO DO THAT WITH LARGER GROUPS THAT WE HAVEN'T EVEN -- THEY'D LOVE TO COME, BUT THEY DON'T HAVE IT. AS WE GET MORE COMPETITIVE, AND AS OTHER SITES LIKE VEGAS GET MORE EXPENSIVE TO GO TO, PEOPLE ARE GOING TO LOOK TO SAN ANTONIO TO COME TO.

SO I THINK WE CAN'T MISS THIS OPPORTUNITY. I APPRECIATE THE EFFORTS.

I ENCOURAGE MY COUNCILMEMBERS TO ASK QUESTIONS. THIS WAS A LOT OF MATERIAL.

SHANNON, YOU KNOW I HAVE A LOT OF IDEAS. BUT WHEN IT COMES SPECIFICALLY TO COMMUNITY ENGAGEMENT, I THINK IT'S GOING TO BE THAT CONNECTIVITY AND THAT MOBILITY AND MAKING SURE WE HAVE A WAY FOR OUR NEIGHBORS TO THE EAST THAT ARE TRYING TO GET OVER HERE, HOW WE GET THEM IN THERE AS SMOOTHLY AS POSSIBLE. AND WE'RE WORKING ON IT FROM THE SOUTH WITH VIA AND GETTING THEM TO THE CONCERTS AND TO DOWNTOWN, BUT WE NEED TO DO A MORE COORDINATED EFFORT AS WE DO THIS. I WANT TO THANK Y'ALL FOR THE PRESENTATION, ALL THE HARD WORK. AS ALWAYS, CONSERVATIVE, BUT CONSISTENT.

SO I WANT TO THANK YOU FOR THAT AND I APPRECIATE IT. THANK YOU, MAYOR.

>> MAYOR JONES: THANK YOU. COUNCILMAN GALVAN. >> GALVAN: A COUPLE QUICK QUESTIONS ON THE CONVENTION CENTER. I THINK YOU MENTIONED IT EARLIER, BUT WHAT WAS THE TIMELINE FOR THE INITIAL PHASE? IS IT SPRING 2028, OR AFTER?

>> SORRY. WE'D LIKE TO GET A SOLICITATION OUT PROBABLY LATE SPRING NEXT YEAR TO BEGIN THAT PROCESS TO SELECT SOMEONE TO BEGIN THE DESIGN OF THE FULL EXPANSION.

WE'LL WORK WITH OUR EXECUTIVE PROGRAM MANAGER AND DEVELOP A MORE DETAILED SCHEDULE.

BUT I THINK AT THE SOONEST, I DON'T SEE US BEING UNDER CONSTRUCTION . . . MAYBE LATE '28, EARLY '29. WE'LL CLEAN THAT UP. THAT'S MY GUESS.

>> GALVAN: WHEN WOULD THE FINANCING NEED TO BE SECURED TO BEGIN CONSTRUCTION?

>> I DIDN'T HEAR THAT. >> GALVAN: WHEN WOULD THE FINANCING NEED TO BE SECURED

BEFORE WE DO CONSTRUCTION? WOULD THAT BE EARLY '28? >> SO THE FINANCING FOR THE CONVENTION CENTER WE'RE GOING TO CONTINUE TO LOOK AT. WE'RE ASSUMING ONE LARGER BOND ISSUE. I THINK THE TIMING WILL PROBABLY BE AFTER THE ARENA.

SO THE ARENA TIMELINE IS SEPTEMBER '28. I THINK IT WOULD BE THEREAFTER.

WE'LL ALSO EXPLORE AND CONTINUE TO LOOK AT -- MAYBE WE ISSUE THAT IN INSTALLMENTS.

IN OTHER WORDS, WE COULD DO SOMETHING SMALLER MAYBE TOWARDS THE END OF THE NEXT CALENDAR YEAR THAT COVERS A BIT OF DESIGN WORK. WE MIGHT DO SMALLER INCREMENTS AFTER THAT OVER A COUPLE YEARS TO FUND IT. OR WE COULD DO THE WHOLE THING

IN LATE '28. >> GALVAN: GOT IT. THAT'S HELPFUL.

I APPRECIATE AND I APPRECIATED THE CHART THAT WAS SHOWN TO SHOWCASE THAT. THAT'S WHAT DROVE MOST OF MY QUESTIONS WHEN LOOKING AT THESE PRESENTATION SLIDES, WAS NOT SEEING THE FULL PICTURE.

THERE'S A LOT OF THINGS ALL AT ONCE. ORIGINALLY WE HAD ONE WHERE IT WAS THE TIMELINE SHOWN OUT, WHERE THE PROJECT STARTS, WHERE THE MILESTONES ARE.

I'M INTERESTED IN SOMETHING SIMILAR TO THAT, KIND OF THE WAY WE DO FOR TIRZ, WHERE IT SHOWS THE REVENUES COMING UP, AND NOT ONLY THE REVENUE ESTIMATE, BUT THE PROJECTED COST.

IN MY HEAD I'M SAYING, WE'RE USING THE PFZ, WHEN DO WE GET TO THE NUMBER WE NEED AND THE NEXT NUMBER. YOU KNOW WHAT I MEAN? I WOULD LIKE TO SEE HOW WE CAN DO THAT. I ASSUME THE DASHBOARD WILL DO THAT.

I APPRECIATE THAT EFFORT FOR THE COMMUNITY TO SEE. EVEN FOR MYSELF LOOKING AT THIS, IT SEEMS LIKE A LOT OF ASKING QUESTIONS TO BE LIKE WHERE ARE WE MEETING THESE MARKS AND AM I ABLE TO SEE THAT. THAT'S WHERE I'M STRUGGLING AT THE MOMENT.

>> I UNDERSTAND THE QUESTION. CAN YOU PULL SLIDE -- >> PAUSE THE TIME.

>> 21. I THINK THE CHALLENGE, COUNCILMAN -- I'LL THINK ABOUT HOW TO GET TO YOUR ANSWER. WHEN WE THINK ABOUT SOME OF THE TIRZ, THOSE ARE MORE SIMPLISTIC IN TERMS OF HOW WE APPROACH THINGS, EASIER TO CAPTURE THAT. THIS IS JUST A PIECE OF WHAT WE'RE MODELING AND WORKING WITH. THE ONE ON THE RIGHT HAS A BIG OPERATING PRO FORMA TEST.

[01:55:02]

AN ISSUANCE EVERY YEAR. WE HAVE THE ARENA BUILT IN IN 2028.

WE HAVE THE CONVENTION CENTER EXPANSION BUILT IN. WE HAVE ALL OUR OPERATING EXPENSES. EVERY TIME WE TWEAK SOMETHING IT RIPPLES ALL THE WAY THROUGH.

WE'LL TRY TO GIVE YOU A BETTER SENSE OF THAT T -- WHAT THAT LOS LIKE.

OUR FINANCIAL CAPACITY COMES OUT OF THAT MODELING. LIKE WE'VE TALKED ABOUT IN THE BOND PROGRAM, THE NEXT FEW YEARS ARE WHERE IT'S THE MOST CHALLENGING FOR US BECAUSE WE'RE IN THIS CYCLE WHERE THINGS ARE A LITTLE SLOW. THEY'RE NOT GROWING AS FAST AS.

THE GOOD NEWS IN THIS ONE IS THAT WHEN WE LOOK AT OUR HOT TAXES AND IT'LL FLOW INTO THE PFZ, IN CALENDAR YEAR '25 IT WAS SOFT. WE SAW LOWER OCCUPANCY LEVELS.

2026, MARIO TOUCHED ON THIS, BETTER. AND WE'RE STARTING TO SEE THOSE OCCUPANCY NUMBERS LOOK BETTER. HOPEFULLY THAT MEANS THINGS ARE TURNING IN OUR DIRECTION.

THE AVERAGE DAILY RATE, ADR, REVENUE COMPONENT IS STILL DOWN, BUT THAT'S A NATIONAL TREND.

WE'LL MONITOR THAT CLOSELY. BUT I UNDERSTAND WHAT YOU'RE LOOKING FOR AND WE'LL GIVE THAT

SOME THOUGHT. >> GALVAN: I'M ANTICIPATING A MILLION BAR GRAPHS AND THAT'S FINE. I THINK IT'S STILL HELPFUL TO SHOWCASE THAT GROWTH CHANGE.

IT'S NOT GOING TO BE BEAUTIFUL. BUT FOR ME, BEING ABLE TO UNDERSTAND WHAT THE REALITY IS AND HOW WE'RE ABLE TO GET THERE. MY CONCERN -- MAYBE THIS WILL HELP INFORM HOW IT CAN BE SHOWCASED. MY CERTAIN IS THAT OR TIRZ, TO HELP FINANCE THE ARENA LEASE -- WHERE DOES THAT MONEY COME FROM, WHAT HAPPENS TO THE PROJECT, WHAT'S THE NEXT STEP THERE. MY ASSUMPTION BASED ON THE ALAMODOME IS USUALLY WE KICK IN THE HOT FUND TO HELP COVER THOSE.

WHAT'S THAT IMPACT TO OUR GENERAL -- NOT OUR GENERAL FUND, THE HOT, BUT EVEN THE GENERAL FUND. WHAT IS THE NEXT STEP AND HOW CAN WE COMMUNICATE THAT.

THAT'S WHAT I GET QUESTIONS ON FROM RESIDENTS. IF IT DOESN'T MEET THE MARK IN TERMS OF FINANCING, WHAT'S THE NEXT STEP. DOES THE PROJECT COLLAPSE, ADJUST, DOES MONEY COME FROM SOMEWHERE? WE'RE IN TOUGH BUDGETARY TIMES.

I'M TRYING TO COMMUNICATE WHY WE'RE ADDRESSING REVENUE ISSUES AT THE CITY ON THE GENERAL FUND SIDE. PEOPLE ARE LOOKING TO SEE THE FULL SCOPE.

THAT'S NOT GOING TO BE A ONE FOR ONE, BUT THAT'S WHERE MY QUESTIONS ARE STEMMING FROM.

IF THIS DOESN'T COME TOGETHER WHAT'S THE RESOURCE. THE RECOURSE.

I WOULD LIKE TO SEE HOW WE'RE GETTING TO THAT MOMENT, WHETHER IT'S WITH THE TIRZ OR ANYTHING ELSE. I APPRECIATE THE BACK AND FORTH ON THAT.

ANY OTHER FOLLOWUP ON THAT? >> COUNCILMEMBER, WE CAN WORK ON THAT.

WE'LL PUT SOMETHING TOGETHER TO BETTER EXPLAIN WHAT WE'RE DOING. YOU'RE HITTING ON SEVERAL KEY POINTS AS YOU WERE LOOKING AT THAT SLIDE ON 21. THERE ARE DIFFERENT CREDIT PERSPECTIVES IN THERE. AS WE MODEL THESE THINGS, AS WE THINK WHAT WE BELIEVE IS THE BASE, WE CAN'T PREDICT WHAT'S GOING TO EXACTLY HAPPEN IN THE FUTURE.

WE RUN A LOT OF SENSITIVITY AGAINST THEM. THAT'S HOW WE TEST THEM, STRESS THEM, TO SEE HOW DOES IT BEHAVE IN DIFFERENT ECONOMIC CONDITIONS.

THEN THERE ARE THINGS THAT WE TRY TO STRUCTURE INTO THE DEBT FINANCING TO GIVE US FLEXIBILITY TO BE ABLE TO ADJUST. AS WE DO MORE WORK ON THAT, GET TO YOUR QUESTIONS AROUND WHAT HAPPENS IF WE HAVE A MAJOR RECESSION FOR FIVE YEARS. HOW DOES -- THOSE ARE THE THINGS WE'RE TESTING AND MOVING ALL THE TIME TO SEE HOW DO WE NEED TO STRUCTURE THIS, WHAT ARE THE TOOLS WE NEED TO PUT IN PLACE TO TRY TO MAKE SURE THAT WE CAN HANDLE THAT KIND OF STRESS WHEN

IT HAPPENS. >> GALVAN: I APPRECIATE THAT. THANK YOU.

COUPLE OTHER QUESTIONS I HAD. ON SLIDE 23, I BELIEVE. WE'RE STILL GETTING THE TIMELINE TOGETHER FOR THE CONVENTION CENTER OVERALL. THE SECOND PHASE.

AGAIN, MAYBE I NEED TO SEE THAT CHART AGAIN ABOUT WHAT WE'RE EXPECTING TO SEE THE PFZ AT.

I GUESS MY THOUGHT IS WITH THAT ONE, SEEING THE 35 AND 35 BEING THE COMPARISON, WHAT'S THE CONCERN OF USING PFZ FOR THE BOND PORTION OF THE INFRASTRUCTURE? WHAT DOES IT IMPACT THE CONVENTION CENTER EXPANSION, DOES IT LINE UP? THAT'S A LOT OF QUESTIONS. MY OVERALL QUESTION IS HOW DO THOSE TWO NUMBERS RELATE, CAN

THEY BE USED IN DIFFERENT WAYS, AND IF NOT, WHY NOT? >> CAN YOU PULL THIS GRAPHIC UP

AGAIN? >> GALVAN: THANK YOU. >> SO, COUNCILMAN, THE EASY ANSWER IS THIS PFZ IS GOING TO TAKE TIME TO MATURE. IT'S LIKE A TIRZ.

[02:00:01]

AS THIS MATURES AND AS IT GROWS, AND NEW ROOMS ARE ADDED, OCCUPANCY GOES UP, ALL THOSE THINGS CREATE MORE STATE REVENUE THAT WE'RE CAPTURING HERE. BUT IT STARTS VERY SMALL.

AND IF WE WERE TO NOT ASSUME RENT FROM THE SPURS, NO GROUND LEASES, NO PROPERTY TAX INCREMENT, NO HOT REVENUE -- CAN'T DO MUCH WITH THAT. IT'S $2 BILLION OVER 30 YEARS BUT I CAN'T FINANCE MUCH WITH THAT BECAUSE THE MINUTE WE PULL THE TRIGGER IN 2028, AND WE WERE TO ISSUE A HALF A MILLION DOLLARS, WE HAVE A TREMENDOUS AMOUNT OF CARRYING COST.

AND I'M AT PROBABLY IN 2028, $10 MILLION. >> GALVAN: ASSUMING EVERYTHING

GOES WELL. >> WHICH IS WHY WE HAVE TO PUT IT IN WITH EVERYTHING ELSE TO CREATE CAPACITY. WHEN WE'VE DONE THAT AND WE'VE SIZED EVERYTHING IN, WE'VE BEEN ABLE TO GET THE CONVENTION CENTER EXPANSION IN AT 700 MILLION.

$125 MILLION FOR THE DOME OVER TEN YEARS. WE'VE USED THAT CAPACITY AS MUCH AS WE CAN, WHICH IS WHY WE PHASED THE CONVENTION CENTER. IT WAS AT 750 LAST YEAR.

AS I TALKED TO MICHAEL LOCKWOOD AND SAID GIVE ME A PHASING OPTION, NOT VALUE ENGINEERING, THAT IS LESS THAN 750 THAT MAKES SENSE, THAT GIVES US A LITTLE BIT OF BREATHING ROOM AND ALLOWS US TO COME BACK AND FINISH THAT LATER. THE 35 MILLION YOU WOULD -- I WOULD NEED TO START ISSUING NEXT SUMMER? IT WOULD BE ON THE FRONT END OF THAT. AS I PULL THAT OUT IT STARTS TO AFFECT EVERYTHING ELSE.

>> GALVAN: I APPRECIATE THAT. THAT'S WHAT I WAS LOOKING FOR. THAT'S WHAT I'M TRYING TO ILLUSTRATE HERE. IF THESE NUMBERS -- WE'RE HITTING THIS MARK, WE CAN'T USE IT HERE, BUT WE CAN HERE. THAT WAY IT'S MORE CLEAR TO FOLKS AND US AS WELL, AS WE'RE TRYING TO ANSWER SOME OF THESE QUESTIONS TO OUR RESIDENTS WHO MAY BE ASKING QUESTIONS WE DON'T HAVE ANSWERS TO. HAVING THIS INFORMATION WILL BE CRITICAL THROUGHOUT THIS PROCESS, NOT ONLY FOR US, BUT FUTURE COUNCILS WHO HAVE TO STILL WORK ON THESE

DEVELOPMENTS. SO, THAT'S HELPFUL. >> COUNCILMAN, I'LL SEND THAT GRAPHIC TO THE ENTIRE COUNCIL SO THAT YOU HAVE THAT, BECAUSE THAT WASN'T IN THE PRESENTATION DECK,

BUT I'LL MAKE SURE YOU HAVE THAT. >> GALVAN: I APPRECIATE THAT.

THANK YOU. ON THE DIRECT COST OF SERVICE STUDY, I THINK YOU MENTIONED -- WAS IT THIS ONE OR THE MOBILITY ONE THAT'S GOING TO BE COMPLETED IN EARLY 2027, OR WAS IT BOTH? QUESTION BEING, WHEN WOULD BOTH STUDIES BE COMPLETED? DO WE HAVE SOME OF THE BACKUP DATA ON THE ASSUMPTIONS, BUT ALSO WHAT ARE SOME EXAMPLES THAT WE'RE SEEING FOR OTHER THINGS HERE. ARE WE GOING TO SEE SOME OF THE POTENTIAL COST HERE FOR PARKS

AND SERVICES, ETC.? >> FROM A MODEL PERSPECTIVE, THE MODEL IS BUILT.

SO THE ASSUMPTIONS ARE GOING TO CONTINUE TO EVOLVE. IN TERMS OF THE MAYOR'S QUESTION IN TERMS OF KEY ASSUMPTIONS, I'LL PUT TOGETHER AN ASSUMPTIONS DOCUMENT.

I CAN SHARE THAT WITH THE COUNCIL SO YOU CAN UNDERSTAND HOW THOSE NUMBERS WERE

DEVELOPED. >> GALVAN: AND THEN SOME OF -- I'M TRYING TO REMEMBER WHAT SLIDE. ON THE SLIDE THAT HAD PARKS, POLICE, FIRE, ALL THE DIFFERENT COSTS THERE, I'M WONDERING ARE WE GOING TO GET ANY SPECIFIC ONES? IS IT TOO SPECIFIC TO MODEL OUT AT THE MOMENT? ARE WE GOING TO GET SPECIFIC COSTS FOR THOSE? THAT'S WHAT I'M LOOKING FOR HERE.

>> I CAN GIVE YOU -- BASED ON THE NUMBERS I SHARED IN THE PRESENTATION I CAN GIVE YOU THE

UNDERLYING ASSUMPTIONS THAT PRODUCE THOSE NUMBERS. >> GALVAN: THAT WOULD BE HELPFUL. WHEN I SAW THIS PRESENTATION I SAID, WHERE'S THE -- ON THE STUDY. WE'RE MOVING IN A QUICK TIMELINE, BUT THAT'S WHAT I'M LOOKING FOR FOR METHODOLOGY, RECOMMENDATIONS ON WHAT'S GOING TO IMPACT, NOT ONLY ON THE COST OF SERVICE STUDY, BUT THE MOBILITY ONE, TOO. THAT WOULD BE HELPFUL.

>> YEAH. >> I JUST WANT TO ADD CLARIFICATION.

WHEN WE TALK ABOUT THIS COST OF SERVICE STUDY, REMEMBER THAT PART OF IT IS AUDIO ] COST FOR US TO SERVE THAT MIXED-USE DEVELOPMENT, THAT $1.4 BILLION THAT IS GOING TO BE BUILT OVER THE TERM SHEET SAYS 2042, MAYBE THAT CHANGES. THAT'S OVER A VERY LONG PERIOD OF TIME. IF WE PUT THAT -- I WANT TO PUT THAT IN CONTEXT.

ON AN ANNUAL BASIS WE TYPICALLY ARE ADDING 2 IT $3 BILLION OF NEW IMPROVEMENT TO THE TAX ROLL

[02:05:01]

THAT'S WHY THE NUMBERS LOOK LIKE THAT A LITTLE BIT, BECAUSE THAT DEVELOPMENT BEING PHASED IN OVER THAT PERIOD OF TIME IS NOT GOING TO PUT A LOT OF STRESS ON OUR COST OF SERVICE NECESSARILY.

WHAT WE DO HAVE TO BE CAREFUL OF AND ARE VERY CONSCIOUS OF IS THE FACT THAT THAT'S A LOT OF CONCENTRATION -- I WAS GOING TO SAY DEVELOPMENT, BUT IT'S MORE ACTIVITY IN ONE CORNER OF DOWNTOWN. WE'VE GOT TO BE THINKING ABOUT THAT A LITTLE BIT DIFFERENT.

AS WE MODEL THAT PART AND WE THINK ABOUT THE REVENUES THAT YOU SAW ON THAT SLIDE, THEY COVER THE COST OF SERVICE FOR THE MIXED-USE DEVELOPMENT. THERE'S NOT A HUGE COST THERE.

WHERE I SEE THE COST BEING MORE SIGNIFICANT, WHAT WE HAVE TALKED ABOUT IS HARD TO CAPTURE BECAUSE IT'S GOING TO CHANGE, IT WAS TO BUILD THIS MODEL THAT WOULD ALLOW US TO CHANGE INPUTS, NUMBER OF POLICE OFFICERS WORKING TRAFFIC FOR PARTICULAR EVENTS.

IS IT ONE EVENT AT THE DOME OR ONE AT THE DOME, ONE AT THE ARENA, ONE AT THE COURTHOUSE ALL HAPPENING AT THE SAME TIME. THOSE ARE GOING TO BE COMPLETELY DIFFERENT LEVELS OF SERVICE.

HOW DO I ALLOCATE THAT BACK TO THE VENUE SO THE ARENA HAS ITS SHARE, THE WOOD COURTHOUSE HAS ITS SHARE. THEY HAVE BUILT A VERY COMPLICATED AND DYNAMIC MODEL THAT I THINK WORKS REALLY WELL. AND WE KNOW THAT AS WE MAKE INFRASTRUCTURE IMPROVEMENTS, THAT WILL CHANGE SAPD'S TRAFFIC PLAN, THE FIRE RESPONSE. WE'RE GOING TO HAVE TO CONTINUE TO UP- UPDATE AND EVOLVE WITH TT PART OF IT. I WANT TO SEPARATE THOSE TWO PIECES A LITTLE BIT. THE ASSUMPTIONS WILL BE MORE DEFINITIVE AROUND THE MIXED-USE DEVELOPMENT PART. THE OTHER ONE WE CAN TELL YOU IF IT'S AN EVENT, MAYBE IT LOOKS

LIKE THIS. >> GALVAN: I'M LOOKING FOR -- AS MUCH AS WE CAN GET, I ASSUME IT'S GOING TO BE DIFFICULT AS YOU CONTINUE TO GET MORE GRANULAR ON HOW MUCH TRASH DO WE EXPECT A MILLION PEOPLE TO BE THROWING ON THE GROUND. THAT'S EXCRUCIATING.

BUT IT PAY PAINTS A PATIENT. WE CAN EXPECT THE NUMBER OF VISITORS AND RESIDENTS, MODELING THAT FOR COST WHEN WE'RE LOOKING AT DECISIONS THAT ARE DIFFICULT, ARE QUESTIONS I GET ALL THE TIME. TRYING TO FIGURE OUT HOW THIS CONNECTS TO THAT IS MY ULTIMATE GOAL WITH SOME OF THIS. WHAT ARE THE CONNECTIONS, HOW ARE WE ADDRESSING IT.

AND IF IT'S AN 8,000 PAGE DOCUMENT, HOPEFULLY NOT. BUT IF IT IS, THAT'S STILL HELPFUL, THE SAME WAY WE DO FOR OTHER THINGS, IS WHAT I'M LOOKING FOR.

AND OPEN TO SEEING THE TIMELINE SO I CAN MAKE THOSE DECISIONS AND COMMUNICATE THAT.

>> SUMMARIZE HOW THE MODEL IS WORKING FOR THOSE ASSUMPTIONS, GETTING TO YOUR POINT.

WHEN YOUR RESIDENT ASKS HOW ARE WE ENSURING THAT THOSE COSTS FOR THOSE EVENTS -- WE'RE CALCULATING IT THIS WAY. AT THE END OF THE DAY WE'RE GOING TO CHARGE IT BACK TO THE

VENUES. >> GALVAN: THANK YOU. >> ABSOLUTELY.

>> GALVAN: I THINK MY LAST QUESTION -- ACCESSIBILITY AND MOBILITY STUDY WAS LOOKING AT -- ONE, SEEING HOW WE CAN MAKE SURE OUR BIKE MASTER PLAN IS CONNECTED HERE.

I KNOW THAT'S ALREADY IN THE WORKS. MAKE SURE WE'RE FOLLOWING THROUGH ON THAT. ON THE DEMAND MANAGEMENT STRATEGIES, I THINK SLIDE 36, REALLY QUICKLY, I KNOW SOME CITIES ARE DOING A TRANSPORTATION MANAGEMENT ASSOCIATION TO HELP MOVE THOSE THINGS ALONG, MAKING SURE THEY'RE ALIGNING WITH DIFFERENT ORGANIZATIONS IN THE AREA, BUSINESSES, ETC. WHO ARE WE PLANNING ON LEADING

SOME OF THOSE EFFORTS? IS IT GOING TO BE CCDO? >> SOME OF THAT WILL STILL BE DETERMINED AS PART OF THE WORK THAT THEY'RE DOING TO COMPLETE THE IMPLEMENTATION PLAN.

BUT I THINK IT WOULD BE A VARIETY OF ANSWERS TO THAT QUESTION.

BUT CERTAINLY WE'LL CONTINUE TO WORK WITH THEM TO MAKE RECOMMENDATIONS ON THAT FRONT.

>> GALVAN: WOULD LOVE TO SEE MORE WHAT THAT WOULD LOOK LIKE AS THIS CONTINUES TO UNFOLD.

THANK YOU. >> YES. >> MAYOR JONES: BEN, BASED ON THE COUNCILMAN'S QUESTIONS -- THESE CAME UP IN OUR PRE-BRIEF AS WELL.

BUT ANALYSIS THAT SHOWS IN PARTICULAR THE PFZ, THE ASSUMPTIONS UNDERLYING THAT, THAT SUPPORT, THE CURVE THAT YOU ARE SHOWING, THAT'S BASED ON HOTEL ROOM -- NUMBER OF HOTEL ROOMS, OR NUMBER OF HOTELS. CAN YOU LIST SOME OF THOSE ASSUMPTIONS THAT UNDERPIN THAT

CURVE? >> SURE. SO IN OUR BASELINE ASSUMPTION IT'S GOING TO BE BUILD AROUND A NUMBER OF THINGS IN THE NEAR TERM.

WE'RE GOING TO LOOK AT HOTEL INVENTORY AND ROOMS THAT ARE IN THE QUEUE THAT ARE IN DIFFERENT -- VARIOUS STAGES OF DEVELOPMENT. THEN THERE'S GOING TO BE A HISTORICAL TREND OF HOW MANY ROOMS TYPICALLY GET ADDED IN. AND THEN -- I CAN GIVE YOU THE NUMBERS IN A SECOND. AND THEN THE OTHER PART AS WE TRY TO LOOK AT OCCUPANCY,

[02:10:03]

SO AT SOME POINT WE GET PAST THE NEAR TERM AND IT TURNS INTO COMPOUND ANNUAL GROWTH PROJECTION. IN THE NEAR TERM -- I'M GOING TO HAVE TO TAKE THIS -- IT'S SMALL PRINT. I CAN'T SEE IT. SO IN OUR BASELINE PROJECTION OVER THE NEXT '27, '28, '29, THERE'S 1160 ADDITIONAL HOTEL ROOMS THAT WE HAVE ASSUMED.

>> MAYOR JONES: ADDITIONAL. >> YES. THESE ARE NEW HOTEL ROOMS. AND SOMEWHERE -- CONSTRUCTION, SOME WERE IN FINAL PLANNING, SOME ARE PROPOSED.

AND SO WE BACKED THE PROPOSED AND THE FINAL PLANNING WERE BACKED DOWN A LITTLE BIT, SO

IT'S A LITTLE BIT MORE CONSERVATIVE. >> MAYOR JONES: OKAY.

BUT THAT CURVE -- SO THE FINAL -- THE FINITE NUMBER IS '27, '28, '29.

THAT CURVE IS BASED ON AN ADDITIONAL 1160 TO 1160 HOTEL N TOP OF WHAT WE HAVE TODAY.

IS THERE ANY OTHER ASSUMPTION THAT THAT'S BASED ON, THAT THAT CURVE IS BASED ON?

>> ALL THOSE THINGS I MENTIONED. WHAT'S HAPPENING WITH AVERAGE DAILY RATES, WITH OCCUPANCY, AND WHEN YOU GET PAST 2029, WE'VE GOT -- THEY'VE GOT BUILT-IN SOML GROWTH WE TYPICALLY WILL BE ADDING A CERTAIN NUMBER OF HOTEL ROOMS. AND THEN SOME BASED ON THE FACT THAT WE'RE BUILDING THE DISTRICT AND WE'RE ASSUMING THAT THE MARKET WILL ADJUST THERE AS WELL. SO, THE HISTORICAL GROWTH IS ABOUT 225, I WOULD SAY, IN

ADDITIONAL SUPPLY EACH YEAR. >> MAYOR JONES: SO THE MODEL ASSUMES AN ADDITIONAL 225 HOTEL

ROOMS A YEAR. >> YES. >> MAYOR JONES: WOW.

OKAY. AND THAT'S WHAT WE DO TODAY? >> YES.

THAT'S WHAT WE HISTORICALLY HAVE HIT AROUND THAT NUMBER. AND AGAIN, REMEMBERING OFF OF THAT, STATE COMPOUND AND/OR GROWTH NUMBER WE'RE WELL UNDER THAT AT 1.9 BILLION INSTEAD OF

THE 2.5. >> MAYOR JONES: THANKS, BEN. COUNCILMEMBER KAUR, PLEASE.

>> KAUR: THANKS, MAYOR. THANK YOU ALL. ALL. THANK YOU FOR THE PRESENTATION.

STARTING WITH THE CONVENTION CENTER, ON SLIDE 12 WITH THE COMPARISON, I WAS IN CHICAGO FOR THE APTA CONFERENCE AND THERE WAS 14,000 PEOPLE AT THAT CONFERENCE.

AND THEY LITERALLY HAVE TRAINS IN THE MIDDLE OF THEIR EXHIBIT SPACE.

I HAVE NO IDEA HOW THEY MAKE THAT HAPPEN. CHICAGO HAS ONE OF THE MOST AMOUNT OF EXHIBIT SPACE IN THE ENTIRE COUNTRY. AND IT REALLY -- THE ENTIRE CITY FELT LIKE THEY WERE SUPPORTING THAT, ALMOST SIMILAR TO HOW WHEN WE HAD IPW HERE.

BUT FROM WHAT I UNDERSTAND, MARIO, WE'RE NOT GOING TO BE COMPETITIVE FOR A CONFERENCE

LIKE IPW FOR A WHILE. >> YEAH, TYPICALLY THEY ROTATE THAT OUT, PROBABLY FIVE TO SEVEN

YEARS BEFORE WE'D BE IN THE BID CYCLE FOR AN IPW AGAIN. >> KAUR: ON THAT SLIDE, MY QUESTION WAS DO WE THINK WE'RE GOING TO BE COMPETITIVE AT THE 650,000 SPACE? IS THAT ENOUGH FOR -- IS THAT THE NUMBER BECAUSE IT'S THE MAX NUMBER WE CAN GET IN A

REASONABLE AMOUNT? WHERE DID THAT NUMBER COME FROM? >> I'LL LET SOMEONE ELSE ADDRESS THAT. IS IT GOING TO MAKE US COMPETITIVE? ABSOLUTELY. WHERE WE'RE CURRENTLY AT, AGAIN -- LISTEN.

IF YOU COULD HAVE ALL THE MEETING SPACE LIKE CHICAGO, I WOULD TAKE IT.

I WOULD SELL IT. AND I WOULD FILL IT. BUT BASED OFF WHAT THEY'RE TALKING ABOUT, WE WOULD BE MORE COMPETITIVE BASED ON THESE RANKINGS THAN WE WERE YESTERDAY.

IT COMES DOWN TO NOT ONLY THE ADDITIONAL SPACE, BUT YOU'VE HEARD ME SAY BEFORE, NEW BEATS OLD. THAT'S WHAT WE'RE EXPERIENCING WITH THE OTHER CONVENTION

CENTERS THAT ARE OPENING UP THROUGHOUT TEXAS. >> I WAS HOPING TO GO TO -- JUMP TO THIS SLIDE. I THINK THIS IS -- PAINTS A GOOD PICTURE OF WHY EXPANSION IS NECESSARY. SOMETIMES WE'VE GOT TO GET BIGGER TO GET SMALLER AND STRATEGIC. 650,000 SQUARE FEET, CONFIGURATION A, CAPTURES 95% OF POTENTIAL BUSINESS, WHICH IS FANTASTIC. WE SHOULD GIVE YOU THE NUMBERS OF WHAT WE CAN CAPTURE TODAY AND WHAT THE INCREASED CAPTURE RATE IS? CONFIGURATION B IS REALLY WHERE THE SWEET SPOT IS. HAVING TWO CONVENTION CENTERS THAT CAN CAPTURE 85 AND 91% OF THE MARKET IS WHERE THE DISTRICT WILL STAY VERY BUSY.

>> KAUR: THE OTHER PART ABOUT THE CONVENTION CENTER THAT DRIVES ME CLA -- CRAZY IS IT FES

[02:15:07]

FLOOR IS ALL SET UP? >> YES AND NO. SO, WE HAVE TO GO BACK -- I WAS INVOLVED IN THE MASTER PLAN IN 2010-2011 WHICH PROCEEDED THE LAST EXPANSION.

THAT BUILDING WAS VERY CONFUSING. THERE WERE A LOT OF FRONT DOORS.

PEOPLE WERE CONFUSED ON GETTING IN AND OUT OF THE BUILDING AND AROUND THE BUILDING.

THAT MASTER PLAN RECOMMENDED THE EASTWARD EXPANSION WHICH BUILT THE NEW LOBBY ON MARKET AND THE WEST LOBBY. ONE OF THE BEST ASPECTS WAS RE-FREED UP THE -- WE FREED UP 12 ACRES. WE HAVE ESTABLISHED THAT WESTERN ENTRY, WHICH IS A GOOD LOBBY, WHICH IS A WESTERN POINT. THOUSAND WE HAVE -- NOW WE HAVE THE NORTHERN LOBBY.

ONE THING THAT SHOULD BE CONSIDERED IS HOW DOES THIS INTERACT WITH THE ARENA AND SPORTS AND ENTERTAINMENT DISTRICT. WE'VE LOOKED AT AN ADDITIONAL LOBBY. IN CONFIGURATION C, WHEN YOU COULD POTENTIALLY HAVE THREE CONVENTIONS, YOU MAY OR MAY NOT HAVE THEM HAPPENING SIMULTANEOUSLY.

BUT YOU COULD SEE THE MIDDLE GROUP, CONFIGURATION C NUMBER 2, THAT COULD BE A SUB-PORTION OF THE CONVENTION CENTER THAT HAS A FRONT DOOR ONTO THE TOWER PARK, FOR EXAMPLE, OR ADJACENT TO THE

ARENA. >> KAUR: IT MAKES ABSOLUTELY NO SENSE THAT YOU CAN'T GET

THERE FROM THE HEMISFAIR. >> THAT'S WHAT WOULD BE DONE IN THE DESIGN PHASE, IS LOOKING AT

WAYS TO IMPLEMENT THAT. >> KAUR: I TRUST HOWEVER YOU MOVE FORWARD, WE MORE STRATEGICALLY THINK ABOUT EVERY ACCESS POINT AND HOW IS A PERSON GETTING TO WHERE THEY NEED TO.

BECAUSE RIGHT NOW THAT CONSIDERATION IS NOT MADE FROM THE WESTERN LOBBY FOR SURE.

OKAY. JUST WANTED TO MAKE THAT POINT. THANK YOU FOR YOUR WORK ON THIS.

FOR THE ALAMODOME IMPROVEMENTS, DO WE HAVE TO WAIT UNTIL 2035 FOR HVAC?

YOU KNOW I SAY THIS ALL THE TIME, BUT IT GETS HOT IN THERE. >> COUNCILWOMAN, THE $125 MILLION IS INCREMENTAL OVER TEN YEARS. I DON'T REMEMBER WHERE THE HVAC

IS IN THERE, IF IT IS IN THERE. >> KAUR: YOU CAN FOLLOW UP WITH ME.

I REALLY THINK IF THERE'S ONE THING -- I KNOW CONCESSIONS NEED IMPROVEMENT, BUT THE HVAC ALSO NEEDS IT. JUST MY HOT TAKE. FROM THE FINANCIAL UPDATES, THE SLIDE 23 IS OBVIOUSLY THE PEDESTRIAN CYCLE BRIDGE ACROSS THE HIGHWAYS, MY NUMBER ONE MOST IMPORTANT THING. I ASK ONCE A WEEK, I ASK MIKE AND JOHN IF WE'VE HEARD ANYTHING. I'M ASSUMING WE HAVEN'T HEARD ANYTHING FROM TXDOT YET?

>> NOTHING NEW, NO, MA'AM. >> KAUR: JOHN'S SHAKING HIS HEAD.

DO -- ANYWAYS, JUST WANTED TO REITERATE MY SUPPORT. WHAT DOES THE NUEVA STREET EXTENSION LOOK LIKE? WHAT DOES THAT COMPONENT OF THE PROJECT?

>> YEAH. >> THANKS, COUNCILWOMAN. IT'S EXISTING IN THE PARK AND HAS BEGUN. THIS IS THE REST OF THE WAY THROUGH THE PARK.

>> KAUR: SORRY. BASICALLY, THE STREET WILL BE THE SPINE OF MOVING THROUGH THE

PARK. THANK YOU. >> I THINK YOU SHOULD THINK SIMILAR -- IT'S NOT DESIGNED YET, BUT SIMILAR FEEL AND LOOK AS TODAY.

>> KAUR: THAT BUT MAKING SURE THAT WE CONNECT THAT ALL THE WAY THROUGH ACROSS THE HIGHWAY IS MY NUMBER ONE PRIORITY, SAYING THAT PUBLICLY AS MANY TIMES AS I CAN. THE DISTRICT COST OF SERVICES STUDY -- SO I MAKE SURE I KNOW, THE 1.2 MILLION IN THE GENERAL FUND, IS THAT -- ON SLIDE 31, IS

THAT COVERING THE COST THERE? >> YES, MA'AM. IT WOULDIATE THAT AMOUNT OF

REV -- GENERATE THAT AMOUNT OF REVENUE. >> KAUR: DOES THAT FACTOR IN

POLICE TRAFFIC CONTROL? >> IT DOES. IT FACTORS IN TWO ASPECTS.

MOST OF THE TRAFFIC CONTROL AND THOSE TYPE OF THINGS ARE BEING ALLOCATED BACK TO THE EVENTS, WHEN THEY HAVE AN EVENT. WHAT THE GENERAL FUND IS LOOKING AT IS THE MIXED USE DEVELOPMENT, BASED ON PRIVATE DEVELOPMENT, RETAIL, OFFICE SPACE, HOTEL. JUST LIKE WE MENTIONED WITH THE TIRZ, YOU HAVE TO PROVIDE A COST OF SERVICES IN TERMS OF FIRE, POLICE, PUBLIC SAFETY, ANIMAL CONTROL. WE'RE ALLOCATING A PORTION BACK TO COVER THAT DEVELOPMENT.

>> KAUR: ON THE TRAFFIC CONTROL BE CONSIDERED FOR THAT. IF WE HAD AN ENTERTAINMENT SPACE AND A SPURS GAME AND POTENTIALLY ALAMODOME HOPEFULLY EVER, THOSE WOULD BE SPLIT UP AMONGST THOSE THREE --

>> THE MODEL ALLOWS US TO LOOK AT CONCURRENT EVENTS AND HOW THOSE COSTS WOULD BE DISTRIBUTED

BACK TO THE EVENTS OR THE VENUES. >> KAUR: YOU'D BE ABLE TO SAY THIS IS HOW MANY PEOPLE WENT TO THIS EVENT AND THIS IS HOW WE'RE GOING TO ALLOCATE THE COST.

[02:20:04]

>> IT DOES THAT BY EVENT AND BY VENUE. IF YOU HAVE 10,000 PEOPLE VERSUS

20,000, THE LEVEL OF SERVICE YOU NEED. >> KAUR: DID THEY BUILD THE

MODEL FOR US, OR DOES THAT HAVE TO BE BUILT? >> THE MODEL IS BUILT.

>> KAUR: THEY HAVE THAT MODEL. SO IT MIGHT BE -- JUST TO THE COUNCILMEMBER'S POINT, IT MIGHT BE INTERESTING TO SEE IF YOU COULD BREAK THAT UP FOR COMMUNITY TO BE ABLE TO UNDERSTAND THE NUMBERS BETTER. IF WE JUST -- IT ALSO WILL HELP MY LAVACA NEIGHBORS KNOW THERE'S THINGS LIKE TRAFFIC, POLICE FACTORED INTO IT. IF WE DID A THREE-PERSON EVENT WHAT THE COST WOULD BE. JUST A FAKE SCENARIO. SIMILAR TO WHAT WE DID WITH TRANSIT-ORIENTED DEVELOPMENT. IF YOU CREATE A SCENARIO PEOPLE COULD SEE THIS IS WHAT IT WOULD LOOK LIKE, THESE ARE THE SERVICES, THIS IS THE COST FOR EACH, IT SHOWS PEOPLE THAT WE'VE

DONE THAT MODELING, ESSENTIALLY. >> YES, MA'AM. >> KAUR: THANK YOU.

IT LOOKS LIKE THAT STUDY WAS HELPFUL. MOBILITY AND ACCESS STUDY, I HAVE TO SAY, I'D LOVE TO SEE THE FULL REPORT BECAUSE THESE SLIDES, I'M LIKE, I COULD HAVE WROTE YOU THESE SLIDES. 35 AND 36? I WAS REALLY HOPING -- I DON'T KNOW. SHANNON, DO YOU FEEL LIKE YOU GAINED GUIDANCE FROM THE STUDY?

>> YES, THE STUDY IS NOT FINISHED. THERE IS GOING TO BE A FULL IMPLEMENTATION REPORT. SOME OF IT WE KNEW, ANECDOTALLY. BUT WE HAVE THE DATA TO BACK IT UP. THEY LOOKED AT THE ANALYSIS AND THEY'VE BUILT MODELS FOR US TO BE ABLE TO LOOK AT WHAT DO WE NEED TO DO, HOW MUCH -- WHAT CHANGE DO WE NEED TO SEE HAPPEN IN PEOPLE'S BEHAVIOR, WHAT PERCENTAGE OF PEOPLE NEED TO START RIDING TRANSIT, WHAT DO WE NEED TO INVEST IN IN TERMS OF THOSE ALTERNATIVES. AND SO THE IMPLEMENTATION REPORT

IS WHERE THE REAL MEAT -- >> KAUR: I CAN'T WAIT TO SEE THAT, BECAUSE THIS STUFF I'M LIKE, YES WE DO NEED TO. BUT I KNOW JOHN IN OUR MEETING LAST WEEK THAT YOU GUYS ARE GETTING A NEW PARKING METER PROGRAM. IS THAT GOING TO BE APPLICABLE? ALL THROUGH DOWNTOWN, HOW ARE WE GOING TO IMPLEMENT THAT AT THE DURANGO SURFACE LOT?

>> THERE IS A CURRENT SOLICITATION THAT WILL BE COMING TO COUNCIL RELATED TO PARKING TECHNOLOGY FOR ALL OF THE CITY PARKING. SO THINKING ABOUT, ONE, TECHNOLOGY AND CITY GARAGES, WHICH WILL ENABLE US TO DO THINGS LIKE DOWNTOWN THURSDAY MORE EASILY. BUT THEN ALSO ENABLE US TO BE DISCOVERABLE ON ALL OF THOSE APPS, AND HAVE OPPORTUNITY FOR PEOPLE TO PREBOOK AND SEE HOW MANY PARKING SPACE IS AVAILABLE,

AND THAT WILL APPLY TO ALL OF OUR PARKING. >> KAUR: I JUST THINK IF WE CAN IN THE RFP ALSO PUT OUT -- I KNOW YOU GUYS HAVE MAYBE SOME IDEAS.

DID WE ALREADY PUT THE RFP OUT? >> YES. >> KAUR: ONE OTHER THING I WAS HOPING WE COULD THINK ABOUT IS IF WE COULD INCORPORATE OUR PRIVATE PARKING LOTS INTO THAT,

TOO. >> THAT IS THE INTENT SO THAT THERE'S INTEGRATION, AND THEY'RE ALL SPEAKING TO EACH OTHER, AND THE TRI- -- INDUSTRY STANDARD APPS THAT PEOPLE ARE USED TO

USING IN ANY CITY, PEOPLE WOULD BE ABLE TO USE IN SAN ANTONIO. >> KAUR: I'M EXCITED TO SEE HOW MUCH THEY THINK RIDERSHIP WOULD HAVE TO INCREASE, WHAT PERCENTAGE OF UBER RIDESHARE

WOULD HAVE TO BE. THOSE METRICS ARE WORTH IT. >> YES, FOR SURE.

AND THE GENERAL ASSUMPTION THAT THEY'RE MAKING IN THE MODELING IS THAT -- RIGHT NOW TODAY THERE ARE ABOUT 90% OF PEOPLE THAT ARE COMING DOWNTOWN ARE IN CARS, WHETHER IT'S MY CAR OR AN UBER,

OR SOME TYPE OF RIDESHARE. BUT IT'S STILL A CAR. >> KAUR: YEAH.

>> VERSUS 10% MAKING OTHER CHOICES. AND SO THE IDEAL IS THAT WE SHIFT THROUGH -- BY PROVIDING MY ALTERNATIVES TO -- MORE ALTERNATIVES TO 15% THAT ARE MAKING OTHER CHOICES. AND THEN THAT DOESN'T ACCOUNT FOR WHAT PERCENTAGE OF THAT IS RIDESHARE, WHICH THOSE CARS DON'T NEED PARKING SPACES, LARGELY.

>> KAUR: ARE THEY GOING TO GIVE US REAL EXAMPLES OF A ACTUL HUB AND SPOKE MODELS? I KNOW COUNCILMEMBER CASTILLO HAS MENTIONED SOME AREAS ON THE WEST SIDE THAT WE COULD USE FOR IT. OKAY. THE LAST THING ON THE COMMUNITY ENGAGEMENT, I'M EXCITED FOR THE DASHBOARD. THANK YOU FOR THAT.

THE DASHBOARD MAY NOT BE UP YET, BUT I'M GLAD THERE'S A PLACE FOR FOLKS TO GO TO.

ON THE P3 SLIDE -- THIS IS MY LAST QUESTION. THE ALAMODOME IS LISTED THERE.

[02:25:02]

THE PINK BLOCKS IN THE BACK ARE THE OLD HOUSES. I'M JUST TRYING TO FIGURE OUT

WHAT THOSE PINK >> KAUR: IT'S SLIDE 42. >> GORZELL: THE ONES NEXT

TO THE WOOD COURTHOUSE. >> KAUR: THE WOOD COURTHOUSE IS THE

CIRCULAR BUILDING. >> GORZELL: THE ONES UP AGAINST THE CONVENTION CENTER ARE THE LINER BUILDINGS, THOSE ARE PLANNED DEVELOPMENTS THAT WERE SET ASIDE FOR PRIVATE DEVELOPMENT. WE'D LIKE TO ISSUE SOLICITATION TO SEE WHAT KIND OF PROPOSALS WE CAN GET THAT MAY BRING PRIVATE INVESTMENT TO THE TABLE TO HELP WITH THAT, WHAT KIND OF MIXED-USE DEVELOPMENT WE COULD PUT THERE, AND THEN WHAT KIND OF POTENTIAL REVENUE

OPPORTUNITIES THAT WOULD COME WITH THAT. >> KAUR: OKAY.

>> GORZELL: THE ONES ALONG BETWEEN THE WOOD COURTHOUSE AND THAT ARE THE ONES ALONG NUEVA STREET, THOSE ARE MAINLY THE HISTORIC HOMES AND WE'D LIKE TO LOOK AT THOSE OPPORTUNITIES AS WELL.

>> KAUR: GOT IT. D5 PROPERTY IS NOT LISTED ON HERE, IS THAT ON YOUR

LIST, TOO? >> GORZELL: THE D5 IS NOT HERE, BUT WE HAVE ESSENTIALLY SET THAT ASIDE FOR AN AFFORDABLE HOUSING OPPORTUNITY THAT

WE'VE TALKED ABOUT IN THE PAST. >> KAUR: AND THEN FOR THE ALAMODOME, WHAT ARE YOU GUYS THINKING FOR -- LIKE WHAT WOULD WE BE LOOKING FOR THE ALAMODOME, JUST SOMEONE THAT WOULD WANT TO COME IN AS A PARTNER

OR SOMETHING LIKE THAT? >> GORZELL: RANGE OF OPTIONS.

THE ALAMODOME OPERATES AT A LOSS OF A RANGE OF THREE TO $6 MILLION A YEAR. THIS WOULD BE -- YOU'VE GOT CITY OWNERSHIP ON ONE SIDE OR YOU'VE GOT A PRIVATE OPERATOR ON THE OTHER SIDE, AND ALL THE ZERO SHUNS IN BETWEEN WE WANT TO LOOK AT ALL OF THOSE TO EXPLORE THOSE, TO SEE, ONE, HOW WE CAN CLOSE THAT GAP OR ELIMINATE THAT GAP, BUT AT LEAST CLOSE THAT GAP ON THE 'DOME, AND ARE THERE OPPORTUNITIES TO INCREASE FAN EXPERIENCE, IF FUNDING OPENS UP, I DIDN'T REALLY TALK ABOUT THIS EARLIER, BUT IF FUNDING OPENS UP AND WE'RE ABLE TO DO AN EXPANSION TO THE CONVENTION CENTER AND CLOSE THIS GAP, DOES THAT ALLOW US TO DO WHAT WE CALL CREATIVE CAPITAL BEFORE, MAYBE SOME STRATEGIC THINGS AS WELL TO REALLY HELP THE FAN EXPERIENCE AS WELL.

>> KAUR: THE LAST THING I WANT TO MENTION IS ON THE PARKING LOTS FOR THE ALAMODOME. WE HAD TALKED ABOUT THOSE AS POTENTIAL FUTURE SITES FOR AFFORDABLE HOUSING AS WELL. I'M ASSUMING THEY NEED TO

STAY PARKING FOR NOW. >> GORZELL: THE PLAN IS TO KEEP THEM AS PARKING.

WE NEVER REALLY GOT FAR ENOUGH ALONG TO TALK ABOUT P WHAT WOULD HAPPEN ON THOSE LOTS IN TERMS OF THE MIXED-USE DEVELOPMENT SIDE.

THAT'S REALLY A SUBSEQUENT PLANNING PHASE THAT WOULD COME ALONG LATER. THE PARKING LOT A WOULD BE IN THAT MIX AS WELL, YOU RECALL LAST YEAR WE WERE TALKING ABOUT THE PARKING GARAGE GOING THERE. WE'RE NOT PLANNING TO PROCEED WITH THAT, SO THOSE THREE LOTS WOULD BE AVAILABLE FOR THAT KIND OF SECOND PHASE OF

DEVELOPMENT LATER ON. >> KAUR: I GUESS EVEN, LIKE, HOW MUCH -- DO YOU KNOW HOW MANY SPOTS, LIKE IS THE PARKING AND MOBILITY ACCESS STUDY USING THOSE THREE LOTS AS PARKING FOR THE DISTRICT?

>> GORZELL: YES, DURING TIMES WHEN THERE AREN'T EVENTS AT THE DOME, THEN THE PARKING BECOMES AN OPPORTUNITY FOR US BECAUSE IT'S RIGHT

THERE. >> KAUR: OKAY. IT WOULD BE INTERESTING AS THEY'RE FINISHING UP TO SEE, LIKE, DO WE NEED ALL OF THOSE OR IS THERE A WAY TO, AT LEAST, FAST TRACK SOME MORE AFFORDABLE HOUSING SINCE THAT'S A PRIORITY, IF WE CAN SEE IF THAT WOULD BE AN OPPORTUNITY TO INCREASE THAT FROM, LIKE, POTENTIAL WHENEVER TO SOON, RIGHT? BECAUSE THE IDEA IS THAT WE WANT -- THIS IS LAND THAT WE HAVE, SO IF WE DON'T NEED ALL OF THAT, IF THERE'S A WAY, EVEN IF WE'RE DOING AFFORDABLE HOUSING, TO PUT A PARKING STRUCTURE ON THE BOTTOM THAT COULD BE A PUBLIC PARKING STRUCTURE, EVEN IF IT'S THREE SPOTS, AND THEN AFFORDABLE HOUSING, YOU CAN GET A DEVELOPER. I DON'T KNOW HOW MY COLLEAGUES WOULD FEEL ABOUT IT, EVEN A SECTION OF IT COULD BE ALSO CONSIDERED FOR AN RFP.

>> GORZELL: YEAH, I THINK THERE ARE A NUMBER OF THINGS, COUNCILWOMAN, THAT WE'D HAVE TO KIND OF THINK ABOUT, CONTINUE TO THINK ABOUT, THINGS LIKE WHAT DOES THAT DEVELOPMENT LOOK LIKE ON THAT PROPERTY IN THE FUTURE, THE PARKING SPACES THAT GET IMPACTED, HOW -- AUDIO] -- BASICALLY HOW WE DO IT STRATEGICALLY A LITTLE BIT DIFFERENTLY IN THE SENSE THAT WE MENTIONED -- SHANNON MENTIONED THAT, YOU KNOW, WE NEED TO THINK ABOUT RIDESHARE AS WELL, TNCS, AUTONOMOUS VEHICLES, HOW DO WE QUEUE THEM, WHAT DO WE QUEUE THEM, HOW DO WE GET THEM IN AND OUT BECAUSE THAT HELPS US ALLEVIATE SOME OF THE TRAFFIC CONGESTION AROUND THE DISTRICT. OR YOU COULD POTENTIALLY DO SOME OF THE PARKING THERE TO SHIFT SOME OF THAT. THERE'S A LOT OF WORK TO

DO ON THE SECOND PHASE PART. >> KAUR: SINCE EDD DID THE NELSON WOLFF DEVELOPMENT, MAYBE THEY CAN START DOING SOME OF THE COMMUNITY ENGAGEMENT FOR -- LIKE WITH THE DISTRICT TWO RESIDENTS AROUND THOSE THREE LOTS, BECAUSE WE KNOW WE'RE NOT GOING TO HAVE MONEY TOMORROW, BUT IF THERE IS SOME KIND OF CONVERSATION OR WHAT FOLKS WOULD LIKE TO SEE, I THINK IT MIGHT GIVE US AN OPPORTUNITY TO HAVE PEOPLE THAT ARE INTERESTED. I HAVE LIKE SOMEONE YESTERDAY PITCH ME AN

[02:30:02]

THANK YOU GUYS FOR THIS PRESENTATION. I APPRECIATE IT.

THANKS, MAYOR. >> MAYOR JONES: THANK YOU.

COUNCILMEMBER MEZA GONZALEZ, PLEASE. GONZALEZ THANK YOU.

PRESENTATION. I APPRECIATE ALL THE WORK THAT EVERYONE'S DONE TO GET US HERE SINCE -- I THINK WE HAD A BRIEFING IN JUNE, RIGHT? I THINK SO. OKAY. I THINK A LOT OF MY COLLEAGUES HAVE ASKED SIMILAR QUESTIONS, BUT REALLY FOR SOMETHING AS CONSEQUENTIAL AS THIS, I THINK IT'S -- EVERY QUESTION OR COMMENT IS REALLY CENTERED AROUND ACCOUNTABILITY, RIGHT? AND SO MAKING SURE THAT -- OBVIOUSLY, THERE'S CONDITIONS THAT WE EXPECT, BUT FOR SOMETHING AS BIG AS THIS, IT'S ABOUT THE CONDITIONS THAT WE DON'T EXPECT AND MAKING SURE THAT WE'RE PREPARED FOR THOSE. SO I THINK AS A CITY, AND THIS IS COVID, RIGHT, BUT I THINK WE NEVER EXPECTED COVID, BUT WE ALL JUST TURNED IT ON AND WERE ABLE TO GET THROUGH THOSE TOUGH TIMES.

AND SO I WANT TO MAKE SURE THAT AS A CITY AND -- THAT WE'RE READY FOR ANYTHING LIKE THAT AS WE GO THROUGH THESE PERIODS OF CONSTRUCTION TIMELINES AND NEGOTIATING AND THINGS LIKE THAT. SO THAT'S JUST SOMETHING THAT'S IMPORTANT TO ME. AND UNDERSTANDING WHERE THIS POSITIONS US AGAINST OUR PEER CITIES, HOW WE PROTECT OURSELVES IF COSTS OR DEMANDS SHIFT, AND WHAT EXPOSURE WHEN WE'RE RELYING ON PARTNERS.

AND SO I THINK WE'RE DEVELOPING THAT, I THINK YOU GUYS HAVE -- ARE WORKING WITH THOSE SAME QUESTIONS IN MIND, AND SO I APPRECIATE THAT WORK THAT Y'ALL ARE DOING. AND SO REALLY I DON'T NECESSARILY HAVE ANY QUESTIONS, PER SE, RIGHT NOW. I GUESS IF THERE'S ANYTHING DIFFERENT THAN WHAT SOME OF MY COLLEAGUES HAVE ASKED, IT'S HOW DO WE MAKE SURE THAT EVERYTHING THAT WE'RE TALKING ABOUT IS ALIGNED, RIGHT? SO EVEN WITH THE COMMUNITY BENEFITS AGREEMENT, THAT WORK THEY'RE DOING, WHERE DOES IT GO AFTER THAT?

>> GORZELL: MAKE SURE I GOT YOUR QUESTION RIGHT. SO THE COMMITTEE WILL WORK ON HOW TO ALLOCATE THE 75 MILLION THAT'S CURRENTLY IS THERE --

>> GONZALEZ: I GUESS THAT'S JUST SEPARATE FROM THE ARENA, ITSELF BEING

BUILT AND DOWNTOWN -- >> GORZELL: YEAH, I THINK THAT PROCESS CAN RUN -- THAT PIECE OF THE PROCESS CAN RUN IN PARALLEL WITH EVERYTHING THAT WE'RE DOING. ULTIMATELY, Y'ALL WILL DECIDE HOW THOSE FUNDS

GET ALLOCATED. >> GONZALEZ: OKAY. >> GORZELL: THAT WILL COME BACK TO YOU ALL AND BE DONE IN A SEPARATE BUDGET PROCESS.

THE ONLY THING THE COMMITTEE WILL BE DOING -- SHANNON MENTIONED, GIVING US FEEDBACK ON HOW WE DO -- SORRY, COMMUNITY ENGAGEMENT, PUBLIC ENGAGEMENT ON IT. WE HAVEN'T DONE AS MUCH HERE RECENTLY BECAUSE THERE HASN'T BEEN AS MUCH TO REPORT, BUT AS THESE THINGS START TO MOVE, HOW CAN WE EFFECTIVELY DO THAT AND THAT COMMITTEE

CAN HELP GIVE US FEEDBACK ON HOW TO APPROACH THAT. >> WALSH: BUT YOU'RE TALKING ABOUT HOW WE DO IT ALL, NOT JUST COMMUNITY ENGAGEMENT,

RIGHT? >> GONZALEZ: YEAH. >> WALSH: I MEAN, IT'S NOT UNLIKE HOW WE'RE DOING THE AIRPORT, TO BE HONEST WITH YOU, RIGHT? THERE'S AN INTERNAL STRUCTURE, THERE'S A REPORTING STRUCTURE, THERE'S REGULAR UPDATES TO THE COUNCIL. IT'S MAKING SURE THAT AS THESE PROGRAMS -- THESE SEPARATE PROGRAMS START TO ALIGN, THAT WE HAVE A GOOD UNDERSTANDING OF THE TIMELINE, THAT WE'RE SHARING THAT WITH YOU ALL AND THAT WE'RE SHARING THAT WITH THE PUBLIC. AND IT'S ONE OF THE REASONS WHY WE RECOMMENDED THAT WE HIRE AN EXECUTIVE PROGRAM MANAGER WHO WILL BE KEY TO KIND OF MAKING SURE THAT WE STAY ORGANIZED

AND THOUGHTFUL AS WE GO THROUGH THAT PROCESS. >> GONZALEZ: OKAY.

YEAH, I THINK THAT'S ALL HELPFUL. I AGREE, I THINK -- YEAH, I THINK THE AIRPORT IS A GOOD EXAMPLE OF HOW WE DO ALL THAT WORK.

SO THOSE ARE ALL MY COMMENTS. THANK YOU.

>> GORZELL: AND I MISSED THAT PART OF YOUR QUESTION, BUT THAT EXECUTIVE PROGRAM MANAGER IS A KEY PIECE. THEY'RE TIED IN WITH THE SPURS EXECUTIVE PROGRAM MANAGER SO WE'RE LOGISTICALLY LOOKING AT EVERYTHING ACROSS THE DISTRICT AND IN TERMS OF HOW WE MOVE THE PROJECTS,

LOGISTICS, OPERATIONS, ALL OF THOSE THINGS. >> GONZALEZ: YEAH.

THANK YOU SO MUCH. >> MAYOR JONES: THANK YOU.

COUNCILMEMBER CASTILLO, PLEASE. >> CASTILLO: THANK Y'ALL FOR THE PRESENTATIONS. A COUPLE OF DIFFERENT MOVING PIECES, I REALLY APPRECIATE THE CONVERSATION AROUND EXPLORING THE MODEL IN WHICH EDD DID FOR WOLFF STADIUM, AND WHAT I VALUED FROM THAT PRESENTATION THAT WAS GIVEN TO US WAS WITH THE COMPONENT, WITH THE MIXED-USE DEVELOPMENT, PARTICULARLY AROUND HOUSING, THEY CONDUCTED A MARKET ANALYSIS TO IDENTIFY WHAT TYPE OF HOUSING WOULD BE APPROPRIATE FOR THE CITY OF SAN ANTONIO, RIGHT, AND WHAT THEY FOUND IS WHAT WE KNOW IS THAT THERE'S AN OVERSATURATION OF MARKET RATE, RIGHT?

[02:35:01]

THESE ENTITIES, FOR THESE BUILDINGS, RATHER? >> GORZELL: COUNCILWOMAN, WE CAN ABSOLUTELY DO THAT. WE HAVE NOT DRAFTED THESE PROCUREMENTS YET. I KNOW THAT THAT IS SOMETHING THAT WE'VE TALKED ABOUT BEFORE, AND WE CAN STRUCTURE THAT INTO THE PROPOSAL.

I THINK WE WANT TO -- ON THE WOOD COURTHOUSE LOOK AT THINGS LIKE THAT, BUT EVEN IN THE 'DOME, IF THERE ARE OPPORTUNITIES THERE, I THINK WE WANT TO UNDERSTAND WHAT THOSE OPPORTUNITIES LOOK LIKE. SIMILAR TO WHAT WE DID WITH THE AIRPORT A LITTLE BIT, IF WE DID TAKE SOME PIECE OF IT AND SAY, HEY, WE'RE GOING TO OUTSOURCE THIS LITTLE... WHAT DOES THAT LOOK LIKE, WHAT DOES

IT MEAN, YOU KNOW. >> CASTILLO: UH-HUH. >> GORZELL: SO I THINK WE WANT TO BE CAREFUL ABOUT HOW WE DO THAT, I HEAR YOU LOUD AND CLEAR AND

WE'LL WORK ON THAT. >> CASTILLO: I APPRECIATE THAT.

I WANTED TO MOVE OVER TO THE MICROMOBILITY COMPONENT, JUST APPRECIATE THE WORK AND ACTIVITY WITH THAT EXERCISE, UNDERSTAND THERE'S LOTS OF WORK TO DO, AND WHAT I'VE SHARED, I KNOW I'M REPEATING MYSELF BECAUSE THERE'S A LOT OF BRIEFINGS AND GRATEFUL TO BE PART OF THE DOWNTOWN AS WELL, AS SOMEONE WHO'S TRIED DIFFERENT MODES OF TRANSPORTATION TO THE ALAMODOME, I HAVE A PARKING LOT IN MIND THAT I WANT TO PARK AT BUT THEN TRAFFIC DIRECTS ME TO A DIFFERENT DIRECTION, SO I THINK THE WAYFINDING RECOMMENDATION IS REALLY OF VALUE FOR FOLKS THAT DO HAVE A PLACE THAT THEY WANT TO GO AND THEN TRAFFIC DIRECTS THEM INTO A DIFFERENT DIRECTION OR ONTO THE HIGHWAY, SO GRATEFUL TO SEE IT'S AN ONGOING STUDY AND THERE WILL BE OPPORTUNITY. WHAT I'VE SHOWN WITH YOU, TROY AND SHANNON, IS POTENTIAL OPPORTUNITY FOR MICROLOTS, I'M THINKING ABOUT UNDERUTILIZE CITY PROPERTIES THAT CURRENTLY SERVE AS NUISANCE PROPERTIES. I HAVE A HANDFUL NORTH OF SOUTH FLORES THAT SERVE AS QUESTIONABLE SITES, DUMPING ACTIVITY, I THINK THERE COULD BE OPPORTUNITY TO EXPLORE IMPERVIOUS COVERING PARKING LOTS.

IT WILL LEAVE YOU IN CLOSE PROXIMITY TO THE ALAMODOME.

HOW ARE WE IDENTIFYING SOME OF THESE PROPERTIES, AGAIN, IT'S NOT UBER DOWNTOWN OR A FRIEND DROPPING OFF A FRIEND IN A VEHICLE, IT'S USING THE VIA BUS LINE TO GET FOLKS IN AND OUT OF THE DISTRICT.

>> GORZELL: ABSOLUTELY. WE WANT TO LOOK AT ALL OF THOSE THINGS.

I THINK, YOU KNOW, MANY OF YOU COMMENTED, AGAIN, I THINK THE TAKEAWAY IS THAT THE PRELIMINARY STUFF WAS THINGS THAT WE KIND OF EXPECTED, RIGHT? I MEAN, EVERYBODY'S DRIVING CARS, THEY'RE COMING DOWNTOWN, IT'S A LOT OF TRAFFIC. IT'S REALLY THAT IMPLEMENTATION EXECUTION OF HOW WE GET TO THOSE THINGS, THE THINGS YOU JUST MENTIONED THAT WE DON'T DO TODAY THAT WE COULD POTENTIALLY IMPLEMENT TO MAKE THAT MORE EFFICIENT AND TAKE ADVANTAGE OF THOSE OPPORTUNITIES, IT IS MAYBE A DIFFERENT OPPORTUNITY WITH THE RIDESHARE PIECES, IT'S THE TECHNOLOGY PIECE. I MEAN, I'VE DONE IT MYSELF, I GET IN THE TRUCK AND I'M JUST, I'LL DRIVE DOWNTOWN AND FIND A PARKING SPOT.

[02:40:04]

THE BOARD. >> CASTILLO: THANKS. I APPRECIATE THAT.

I DON'T HAVE ANY ADDITIONAL COMMENTS. THANK YOU.

>> WALSH: MAYOR, JUST ONE THING, I WANTED TO EMPHASIZE SOMETHING THAT BEN SAID TO -- IN RESPONSE TO COUNCILWOMAN CASTILLO, THESE EXPLORATORY SOLICITATIONS ARE JUST THAT, THEY'RE EXPLORATORY.

AND UP WITH OF THE THINGS THAT -- ONE OF THE THINGS THAT WE WILL BE SENSITIVE ABOUT IS THE FACT THAT WE HAVE EMPLOYEES THAT ARE DOING THAT WORK, AND WE'VE DONE THIS IN OTHER AREAS, AND PART OF IT IS MAKING SURE WE'RE COMMUNICATING TO EMPLOYEES, WE MADE THAT TRANSITION IN PARKING OUT AT THE AIRPORT, NOBODY LOST THEIR JOB, BUT WE SPENT A LOT OF TIME TALKING TO EMPLOYEES ON THE FRONT END, DURING AND AFTERWARDS, AND, YOU KNOW, THE 'DOME STAFF HAVE OVER THE LAST SIX OR SEVEN WEEKS HAVE DONE THREE FOOTBALL GAMES AND SIX STADIUM CONCERTS, SO IT'S BEEN EXTREMELY BUSY. AND WE RELY UPON THEM, THEY'RE A GREAT TEAM.

WE'RE JUST LOOKING TO SEE IS THERE SOMETHING ELSE OUT THERE THAT WE'RE MISSING, AND WE WANT TO -- BUT I WANTED YOU TO KNOW THAT WE'RE GOING TO BE SUPER SENSITIVE ABOUT THAT AND MAKE SURE THAT WE KEEP EMPLOYEES UPDATED AND NOT HAVE ANY SORT OF -- MAYBE THERE'S A GREAT OPPORTUNITY THAT COMES UP, BUT WE'RE NOT GOING TO DO IT AT THE EXPENSE OF EMPLOYEES.

COUNCILMAN MUNGIA, PLEASE. >> MUNGIA: THANK YOU, MAYOR. ACTUALLY KIND OF GOING OFF THE ACCESSIBILITY STUDY, ONE OF THE THING I'VE TALKED ABOUT BEFORE AND I'M NOT SURE OF THE EXACT SCOPE OF THIS, BUT CERTAINLY HAVING THE CONNECTION FROM -- IF WE'RE TALKING ABOUT SPORTS ENTERTAINMENT DISTRICT FROM THE BASEBALL STADIUM ALL THE WAY DOWN TO WHAT -- EVENTUALLY WHATEVER THE FROST CENTER'S GOING TO BE, BECAUSE THERE'S A GOOD -- THE FUTURE OF THE VIA LINE IS GOING TO BE A GOOD WAY TO GET PEOPLE UP AND DOWN THAT AREA, BUT REALLY WE WANT TO MAKE SURE THAT WE DON'T SHIFT PEOPLE FROM TRAVELING IN AND OUT OF THE EAST SIDE AND JUST GOING AND LEAVING TO THEN GOING INTO THE DOWNTOWN AREA AND THEN JUST KIND OF STAYING THERE AND INVESTING IN THERE. SO I THINK IT'S GOING TO BE KEY TO INCLUDE THE ALAMODOME AND THEN THE FROST CENTER, BECAUSE RIGHT AROUND THE AREA AT THE WILLOW SPRINGS GOLF COURSE IS SALADO CREEK, SO YOU HAVE A GOOD CREEK CONNECTION THAT GOES ALL THE WAY AROUND TOWN. SO THEORETICALLY, PEOPLE COULD BIKE ALONG SALADO AND GO WEST INTO ONE OF THE PATHS ALL THE WAY DOWN INTO THE DOWNTOWN AREA. JUST MAKING SURE THE SCOPE OF THAT IS NOT JUST THE DOWNTOWN AREA, BUT GOING EAST AND WEST FOR THIS ENTIRE DISTRICT THAT WE'RE TALKING ABOUT HERE.

AND I'M ASSUMING THAT STUDY IS NOT ONLY TALKING ABOUT ACCESS ABOUT HOW TO GET IN AND OUT AND HOW TO GET TO, BUT ACCESS FOR PEOPLE WHO ARE MAYBE IN WHEELCHAIRS OR HAVE DIFFERENT WALKING ABILITIES.

>> MILLER: YES, THAT'S A GOOD QUESTION. IT IS REALLY INTENDED TO LOOK AT ALL OF THOSE ISSUES RELATED TO ACCESSIBILITY, MOBILITY DOWNTOWN, AND SO ONCE YOU'RE DOWN, HOW DO YOU GET THERE? SO THOSE KIND OF ACCESSIBILITY ISSUES, WAYFINDING IS SO CRITICAL. SOMETIMES, YOU KNOW, MAYBE PEOPLE DO SUCCESSFULLY FIND THE PARKING, BUT THEN WHAT? SO, YOU KNOW, THERE'S ALL DIFFERENT LEVELS. AND I THINK A COUPLE OF YOU HAVE TOUCHED ON, BUT I JUST WANTED TO REITERATE THAT IT ISN'T JUST ABOUT PEOPLE COMING DOWNTOWN FOR A SPECIFIC THING. THERE ARE ALSO PEOPLE WHO LIVE DOWNTOWN OR PEOPLE WHO LIVE IN LAVACA, FOR EXAMPLE, OR WHEREVER THAT MIGHT HAVE THEIR DAY-TO-DAY LIFE IMPACTED BY THESE THINGS.

SO WE'RE REALLY THINKING ABOUT IT IN BOTH DIRECTIONS OR MULTIPLE

DIRECTIONS. >> MUNGIA: AND I'M NOT SURE IF YOU HAVE REACHED OUT TO THEM YET, BUT I THINK ORGANIZATIONS SPECIFICALLY TO TALK ABOUT THE ACCESSIBILITY IS MAYBE AARP, BECAUSE THEY DO HAVE A LOCAL PRESENCE, RIGHT, AND THEY ARE -- SOME OF THEIR SENIORS THEY'VE DONE IN MY DISTRICT AND I THINK IN SOME OTHER DISTRICTS ALSO, THEY DO THEIR OWN WALKING AUDIT, WHERE THEY TAKE SENIORS OUT THERE AND THEY DOCUMENT THINGS AND THEY TALK ABOUT FROM A SENIOR S CITIZEN PERSPECTIVE, IF THEY WANTED TO GO TO A SPURS GAME, WHAT WOULD THEY NEED TO GET TO A GAME? I THINK THAT'S -- JUST MAKING SURE IT'S INCLUSIVE AS POSSIBLE, I THINK, IS HELPFUL, ESPECIALLY WITH THAT POPULATION.

>> MILLER: AND THE WALKER CONSULTING TEAM IS CONTINUING STAKEHOLDER ENGAGEMENT. AND IF THAT PARTICULAR ENGAGEMENT HASN'T OCCURRED, WE'LL POP UP. THAT'S A GREAT SUGGESTION.

THANK YOU. >> MUNGIA: WE HAVE THE CITY AND THE COUNTY

[02:45:08]

I DID GET TO SEE THIS DON'T THAT WAS PRODUCED FROM DISTRICT FIVE WHICH I REALLY VALUE FROM THEIR CONVERSATIONS, AND I THINK THE SECTION IN HERE ABOUT PUBLIC ART IS VERY IMPORTANT, ESPECIALLY AS WE'RE INVESTING IN THE AREA, WE SHOULD MAKE IT SOMETHING THAT IS NICE AND TELLS A STORY FOR FOLKS. I THINK WHEN YOU GO TO OTHER PARTS OF -- OTHER CITIES IN THE COUNTRY, YOU DEFINITELY TAKE NOTICE OF THEIR PUBLIC ART AND ALL OF THAT. AND I THINK, YOU KNOW, THE LAST TIME THERE WAS SOME WORK DONE ON THE CONVENTION CENTER, I THINK PEOPLE REALLY MISSED THE BOAT, UNFORTUNATELY, WITH THE LIQUID CRYSTAL, RIGHT? THAT WAS A BIG SOURCE OF CONTROVERSY AND ISSUE, AND, OF COURSE, PEOPLE HAD SOME HEARTBURN THAT THE ARTIST WAS FROM LONDON, WAS NOT FROM THE UNITED STATES. AND SO I THINK HOW WE ARE INTENTIONAL ABOUT PUBLIC ART AND HOW WE'RE INVOLVING LOCAL COMMUNITIES AND INVESTING IN THEM IS VERY IMPORTANT, AND I THINK OF A VERY CONTROVERSIAL ART PIECE IN DISTRICT FOUR WHICH IS ON ZARZAMORA AND 35, IT WAS CRUZ ORTIZ PIECE, RIGHT? THAT WAS THE FIRST PIECE HE MADE THAT WAS MANUFACTURED. HE HAD NOT DONE SOMETHING LIKE THAT BEFORE.

I THINK GIVING HIM THAT OPPORTUNITY AS A LOCAL ARTIST WAS VERY IMPORTANT, RIGHT? AND SO I THINK AS -- ANY WAY WE CAN EMPOWER OUR LOCAL FOLKS TO DO MORE AND BUILD ON THEIR OWN INDUSTRY IS REALLY IMPORTANT. SO WITH THAT, YOU KNOW, IF WE ARE SUCCESSFUL IN GETTING FUNDS TO REDEVELOP THE CONVENTION CENTER, WHAT'S GOING TO

HAPPEN TO THAT ART PIECE? >> COUNCILMAN, I DON'T KNOW THAT WE'RE FAR ENOUGH ALONG IN THE DESIGN TO KNOW THE ANSWER TO THAT, SO IT'S OPEN.

>> MUNGIA: OKAY. JUST CURIOUS. SO I DO LIKE THE SLIDE HERE ABOUT THE REVENUE OPPORTUNITIES. NOW, IF WE GO BACK TO THAT SLIDE, I THINK IT WAS 25 OR 26, SO ON -- LET'S SEE HERE, YES, ON SLIDE 26, YOU HAVE THE REVENUE OPPORTUNITIES HERE.

AND SO I'M ASSUMING THAT THOSE ARE BEING -- MAYBE IT'S THE SLIDE RIGHT AFTER THIS ONE. YEAH. SO I'M ASSUMING THAT YOU'RE STILL REALLY TRYING TO NARROW DOWN WHAT THESE COULD BE AND WHAT THAT MEANS, SO THAT THE REVENUES THAT YOU HAVE ON SLIDE 30 AS THE BASELINE, RIGHT, BUT BASED ON THE EXPLORATION OF THESE THINGS AND THE ONE ON THE NEXT SLIDE ON TOP -- ON 27, IT COULD BE SIGNIFICANTLY MORE THAN

THAT? >> GORZELL: IT COULD BE. THESE ARE ITEMS THAT THEY

IDENTIFIED AS -- >> ELLIOTT: AS THIS WOULD BE ADDITIONAL REVENUE ON TOP OF WHAT WEAVE WE'VE ALREADY TOLD YOU.

>> MUNGIA: IT'S TOO EARLY TO -- >> IT IS TO EARLY.

AS MENTIONED ON THE EXPLORATORY PIECE, THAT PIECE WILL HAPPEN NEXT YEAR, SO W. THE OTHERS ON THE GROUND TRANSPORTATION FEE IS REALLY GOING TO BE CONTINGENT ON THE TNCS AND THE LEGISLATIVE PIECE AS WE GO THROUGH THAT. I THINK THESE ARE ALL GOOD OPPORTUNITIES AND WE

NEED TO DRILL DOWN INTO THEM A LITTLE BIT MORE. >> MUNGIA: AND SOMETHING COUNCILWOMAN KAUR BROUGHT UP AND I DON'T KNOW IF THIS IS EXACTLY WHAT SHE WAS INTENDING, BUT SOMETHING YOU SAID SPARKED MY INTEREST.

WHEN WE TALK ABOUT PRIVATE CAPITAL, SO, YOU KNOW, HAVE Y'ALL LOOKED AT A WAY OR IS THERE A POSSIBILITY THAT PEOPLE IN SAN ANTONIO THAT MAYBE ARE NOT ASSOCIATED WITH A COMPANY OR BUSINESS, BUT THEY WANT TO BE A PART OF IT, THEY WANT TO, YOU KNOW, SHARE IN THAT SUCCESS.

IS THERE A WAY THAT PRIVATE INDIVIDUALS ARE ABLE TO ADD THEIR OWN PRIVATE CAPITAL TO SOMETHING THAT'S BEING DEVELOPED IN THIS DISTRICT, AND THEN, YOU KNOW, DEVELOPED IN SOME WAY, THAT THERE'S SOME OF

THAT RECOVERY FOR THEM? >> GORZELL: NOT SOMETHING SPECIFICALLY WE HAVE THOUGHT ABOUT. WE COULD PROBABLY EXPLORE THAT A LITTLE BIT MORE AND PROBABLY GET ON YOUR CALENDAR AND TALK -- GET MORE INFORMATION ABOUT

WHAT YOU INTEND AS WELL. >> MUNGIA: YEAH, I'M JUST THINKING RIGHT OFF THE TOP OF MY HEAD IF THERE ARE PEOPLE WHO ARE EITHER RETIRED OR THEY'RE DOCTORS -- WHATEVER IT MAY BE, THEY'RE NOT NECESSARILY INVOLVED IN THIS BUSINESS, BUT THEY SAY, HEY, I'VE GOT 10, $20,000 I WANT TO PUT INTO THIS SOMEHOW, RIGHT, THERE'S NOT A REAL VENUE NOW TO DO THAT, AND THAT'S A WAY TO GET SMALLER CAPITAL, YOU KNOW, INVESTMENT INTO IT AND SOME BUY-IN FROM PEOPLE, SO -- I DON'T KNOW IF THAT'S POSSIBLE, IF THAT'S BEEN DONE OTHER PLACES, THAT'S JUST AN IDEA THAT KIND OF POPPED

IN MY HEAD WHEN SHOW WAS TALKING ABOUT THAT. >> ELLIOTT: JUST TO BE HONEST, I'M NOT SURE OFF THE TOP OF MY HEAD HOW THAT WOULD WORK.

WE'D HAVE TO GO BACK AND LOOK AT THAT. >> MUNGIA: ABSOLUTELY.

WHEN IS THE WEBSITE SUPPOSED TO BE LAUNCHED AGAIN, I'M SORRY?

>> MILLER: THE WEBSITE IS LIVE. >> MUNGIA: THE WEBSITE IS

[02:50:04]

LIVE. >> MILLER: YES. >> MUNGIA: WHY IS IT NOT WORKING? I'M JUST KIDDING, I'M MESSING WITH YOU,

SHANNON. >> MILLER: THE DASHBOARD IS NOT LIVE.

THE SPORTS CENTER AND ENTERTAINMENT DISTRICT REVAMPED WEBSITE IS NOT

LIVE. >> MUNGIA: WHEN WILL THE DASHBOARD BE LIVE.

>> MILLER: RIGHT AROUND THE FIRST OF THE YEAR, OBVIOUSLY DEPENDENT ON INFORMATION BECOMING AVAILABLE FOR EACH OF THE INDIVIDUAL PROJECTS.

>> MUNGIA: YES. AND IT WILL CERTAINLY INCLUDE A LOT OF BACKUP ON THE FINANCING OF ANY PUBLIC MEETINGS ASSOCIATED WITH ANY PROJECTS, RIGHT? SO IF THERE'S GOING TO BE AN OPEN HOUSE FOR THE KOIVECONVENTION CENTER PLAN, THAT STUFF WILL BE ON THERE.

>> MILLER: KIND OF LIKE -- THE DASHBOARD IS WHERE DYNAMIC MATERIAL WILL LIVE. AND SO YOU CAN SEE, LIKE, SCHEDULES AND PROGRESS AND THINGS LIKE THAT. BUT MORE STATIC THINGS LIKE TODAY'S PRESENTATION, FOR EXAMPLE, OR PAST PRESENTATIONS, DOCUMENTS THAT ARE FINAL, THOSE THINGS WILL LIVE ON THE SPORTS AND ENTERTAINMENT DISTRICT WEBSITE BECAUSE THEY DON'T CHANGE. SO THAT'S KIND OF THE

SIMPLE DISTINCTION. >> MUNGIA: AWESOME. WELL, THANK YOU VERY MUCH. THOSE ARE ALL MY QUESTIONS.

>> MAYOR JONES: OKAY. CONFIRMING NO ONE ELSE WOULD LIKE TO SPEAK ON THIS TOPIC. OKAY. ACTUALLY, SHANNON, JUST TO THAT POINT, THOUGH, IN TERMS OF WHAT WAS PRESENTED TODAY AND SOME OF THESE BEING MORE DYNAMIC THAN OTHERS, ONE OF THE DOCUMENTS THAT WOULD BE HELPFUL ON THAT DASHBOARD IS THE STATUS OF THE PFZ AND HOW IT'S MEETING ITS GOALS OVER TIME SO FOLKS CAN TRACK THAT FOR FOLKS THAT ARE INTO THAT. I AM INTERESTED -- YOU KNOW, I HAVE THE PRIVILEGE OF GOING TO THE LILA COCK CELL ! COCKRELL, THE OTHER DAY AND I KNOW IT'S WITH THE CONVENTION CENTER, IS THAT PART OF THE EXPANSION OF THE CONVENTION CENTER. WILL THAT BE TOUCHED AT

ALL? >> WALSH: NO, MA'AM, NOT PART OF THE EXPANSION.

WE DID DO SOME RECENT WORK IN THERE AT THE LILA COCKRELL IN '26.

COME ON UP, PATRICIA, BECAUSE I CAN'T HEAR YOU.

I'M GETTING OLD. >> YES, MA'AM. THE LAST RENOVATION THAT WE DID, FULL RENOVATION, WE GUTTED THE ENTIRE PLACE, ABOUT THE ONLY THINGS THAT ARE LEFT IS THE CHANDELIER AND, YOU KNOW, SOME OF THE WALLS, BUT IT WAS DONE IN 2010. WE ARE DOING -- WE ALSO DID BROKEN CREST, WHAT WE CALL, IT'S A CONCESSION AREA THAT WE BUILT OUT THAT WILL BE SERVICING

ALSO ONCE WE GET BROADWAY ACROSS AMERICA THERE. >> MAYOR JONES: THANK YOU. SHANNON, THE IMPLEMENTATION REPORT FOR THE MOBILITY STUDY, WHO WILL OVERSEE THE IMPLEMENTATION.

IS THAT THE EXECUTIVE PROGRAM MANAGER? WHO WILL OVERSEE THAT?

DRIVE THE IMPLEMENTATION? >> MILLER: I MEAN, IT WILL BE CITY STAFF. I MEAN, I THINK, DEPENDING ON WHAT ELEMENT OF THE PLAN, IT MIGHT FALL UNDER A DIFFERENT DEPARTMENT, BUT ULTIMATELY IT WILL BE CITY STAFF. ERIK SAYS ME.

>> SEGOVIA: YES, MAYOR, WE'VE LOST QUORUM, SO ESSENTIALLY THE MEETING'S

EITHER PAUSED OR -- >> MAYOR JONES: OKAY. LET'S TAKE A FIVE MINUTES BREAK AND LET'S SEE IF THERE'S SOME FOLKS IN THE BACK?

I THINK IT >> MAYOR JONES: I THINK WE'RE READY TO GET STARTED. THANKS. BEN WAS UP.

WERE YOU IN THE MIDDLE -- WAS IT -- SHANNON, PLEASE, SORRY.

WE CUT YOUR OFF. YOU WERE FINISHING YOUR COMMENTS.

>> MILLER: YES, I WAS JUST SAYING THAT I WILL LEAD THE IMPLEMENTATION

OF THE -- >> MAYOR JONES: OKAY. >> MILLER: THE

ACCESSIBILITY AND MOBILITY STUDY. >> MAYOR JONES: OKAY.

UNDERSTOOD. THANK YOU. AND -- BEN, THANK YOU.

BEN, IF WE WANTED TO, HOW MIGHT WE PAY FOR THE DOWNTOWN INFRASTRUCTURE FROM THE PFZ, AND MINIMALLY IMPACT CONVENTION CENTER EXPANSION, AND WHEN YOU LOOK AT THE CHART, LIKE WHEN COULD THAT

CONCEIVABLY HAPPEN? >> GORZELL: LET ME MAKE SURE I UNDERSTAND YOUR QUESTION. SO WHEN COULD WE START TO FUND RELATED

INFRASTRUCTURE OUT OF THE PFZ. >> MAYOR JONES: SO EVEN JUST THE 35 MILLION THAT'S CONSIDERED FOR OUT OF THE BOND RIGHT NOW THAT YOU'RE RECOMMENDING COME OUT OF THE BOND, IF WE WANTED TO FUND THAT OUT OF THE PFZ BASED ON THE CHART, WHEN -- E HOW EARLY COULD WE DO THAT, HOW COULD YOU DO THAT AND MINIMALLY IMPACTING THE CONVENTION

CENTER EXPANSION. >> GORZELL: SO I THINK AS A GROUP, IF YOU ALL WANTED DO THAT FROM A POLICY PERSPECTIVE AND INCLUDE THAT, THEN WE WOULD NEED TO GO BACK AND PUT THAT INTO THE HOT FUND AND INTO THOSE MODELS, IT WILL DISPLACE SOMETHING, THE EXPANSION WILL HAVE SOME IMPACT, SOME WORK, BUT THAT'S SOMETHING WE WOULD HAVE TO GO WORK ON.

>> MAYOR JONES: BECAUSE I THINK AS WE TALK TO -- I MEAN, UNFORTUNATELY, THE

[02:55:03]

ANY FINAL -- ANY COMMENTS, ERIK, DO YOU NEED -- DO YOU HAVE WHAT

YOU NEED? >> WALSH: NO, MA'AM. GOT WHAT I NEED.

THANK YOU. >> MAYOR JONES: ALL RIGHT.

WE HAVE ABOUT SIX FOLKS SIGNED UP FOR PUBLIC COMMENT.

THE TIME IS NOW 5:06 P.M.

* This transcript was compiled from uncorrected Closed Captioning.