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Title:

Cultural Entertainment District

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Proposed Entertainment District. Concert Venue. Hotel/Convention Center. Cultural Arts Venue ... Would apply only to parking in the Cultural / Entertainment District ... – PowerPoint PPT presentation

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Title: Cultural Entertainment District


1
Cultural Entertainment District
2
Cultural Entertainment District
  • Goal
  • Create a series of venues that provide a variety
    of year-round entertainment activities for all
    ages that tie into both UH and community programs
    and activities

3
Cultural Entertainment District
4
Cultural Entertainment District
  • Vision Task Force recommended creating a
    Cultural/Entertainment District with the
    following elements
  • Festival Site
  • Indoor Concert Venue
  • Minor League Ballpark
  • Cultural Arts Venue / Performing Arts Academy
  • Full Service Hotel Convention Center
  • City Council adopted the conceptual site plan for
    the Cultural/Entertainment District on April 15,
    2008

5
Entertainment District Conceptual Site Plan
Cultural Entertainment District Approved
Conceptual Site Plan
6
Cultural Entertainment District Approved
Conceptual Site Plan
7
Development Criteria
  • Project Cannot rely on general property taxes
  • Project cannot degrade quality of life in
  • Traffic
  • Safety
  • Noise

8
First Projects
  • Indoor Concert Venue
  • Minor League Baseball
  • Festival Site

9
First Projects
  • Indoor Concert Venue
  • 6,500 Seats
  • Similar in Design and Function to Nokia Theaters
    in Grand Prairie, TX and Los Angeles, CA

10
First Projects
  • Minor League Baseball
  • 4,000 seats to 10,000 Seats
  • Market Opportunity for Independent Team or
    Affiliated Team ( AA or AAA)
  • Festival Site
  • Provides green space, public art opportunity, …
  • Address growing community need
  • Tied to Brazos Park

11
Potential Funding
  • Existing 4A and 4B sales tax funds
  • Direct project/venue revenues

12
4A Corporation
  • Existing ¼ Cent Sales tax adopted in 1993 for
    Economic Development
  • Has been used successfully on a number of
    projects including,
  • First Colony Mall, U of H, Town Square,
    US 59, Various Econ Dev projects….
  • 4A funds - CANNOT be used to fund City
    operations

13
Project Funding - 4A Corporation
  • 4A Funding Existing Sales Tax for Economic
    Development
  • US 59 Project successful Project winding down
    freeing up capacity
  • Similar to US 59 Project in that a public vote
    will be required

14
Project Funding 4B Corporation
  • 4B Funding Existing Sales Tax for Economic
    Development
  • Does not require election
  • Would require public hearing for project types
  • Available funding capacity

15
4B Corporation
  • Existing ¼ Cent Sales tax adopted in 1995 for
    Economic Development
  • Has been used successfully on a number of
    projects including,
  • Parks projects (Imperial Park, Lost Creek,
    Oyster Creek, …)
  • First Colony Mall, U of H, Town Square,
    US 59, Various Econ Dev projects….
  • 4A funds - CANNOT be used to fund City
    operations

16
Ballot Proposition
  • Two Elements
  • Expansion of existing authority of 4A
  • Venue Taxes
  • Four Ballot Propositions
  • Two for 4A
  • Two for Venue Taxes

17
Previous Expansion of 4A Corp
  • In 1998 Sugar Land voters approved expansion of
    4A Corporations Authority to undertake US 59
    Expansion.

18
4A Corporation
  • If passed, the propositions WOULD expand the
    authority of an existing tool to be able to use
    as a funding source for Cultural/Entertainment
    District
  • If passed, the proposition - WOULD NOT
  • increase sales tax rate or
  • impact residents property taxes

19
Venue Taxes
  • Ticket Tax of up to 10 face value of the tickets
    sold in the Cultural / Entertainment District
  • Parking Tax of up to 3.00 per car. Would apply
    only to parking in the Cultural / Entertainment
    District
  • 2 Increase in Hotel Occupancy Tax Rate. Rate
    would increase from current 7 to proposed 9.
    Would apply to all hotel rooms rented in Sugar
    Land

20
Ballot Propositions - 4A Corp
  • Two Propositions
  • Proposition A Minor League Baseball
  • Proposition B Indoor Concert Venue and Festival
    site

21
Ballot Propositions Venue Taxes
  • Two Propositions
  • Proposition C Minor League Baseball
  • Proposition D Indoor Concert Venue and Festival
    site

22
Election Dates
  • Mon 10/20 1st Day Early Voting in Person
  • Sat 10/25 Wknd Early Voting in Person
  • Tue 10/28 Last Day to apply for mail ballot
  • Fri 10/31 Last Day Early Voting in Person
  • Tue 11/4 ELECTION DAY

23
Questions
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