Cultural Entertainment District

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					Cultural Entertainment District
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
Cultural Entertainment District
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
Cultural Entertainment District –
Entertainment District – Conceptual Site Plan
Approved Conceptual Site Plan
Cultural Entertainment District –
Approved Conceptual Site Plan

         Proposed Entertainment
         District               U of H
      Hotel/Convention              Cultural Arts Venue
      Center
   Concert                                  Minor League
   Venue                                    Ballpark
Development Criteria

 Project   Cannot rely on general property
  taxes

        cannot degrade quality of life in:
 Project
     Traffic
     Safety
     Noise
First Projects


 Indoor   Concert Venue

 Minor    League Baseball

 Festival   Site
  First Projects


 Indoor Concert Venue
   ~6,500 Seats
   Similar in Design and Function to Nokia
    Theaters in Grand Prairie, TX and Los
    Angeles, CA
First Projects
 Minor League Baseball
   ~4,000 seats to 10,000 Seats
   Market Opportunity for Independent
   Team or Affiliated Team ( AA or AAA)

 FestivalSite
   Provides green space, public art
    opportunity, …
   Address growing community need
   Tied to Brazos Park
Potential Funding


Existing   4A and 4B sales tax funds

Direct   project/venue revenues
4A Corporation
 Existing¼ Cent Sales tax adopted in 1993
  for Economic Development
 Has been used successfully on a number of
  projects including,
   FirstColony Mall, U of H, Town
    Square, US 59, Various Econ Dev
    projects….
 4A funds - CANNOT be used to fund
  City operations
Project Funding - 4A Corporation

 4AFunding – Existing Sales Tax for
 Economic Development

   US59 Project successful – Project
   winding down & freeing up capacity

   Similarto US 59 Project in that a public
   vote will be required
Project Funding – 4B Corporation

 4BFunding – Existing Sales Tax for
 Economic Development
   Does   not require election
   Would require public hearing for
   project types
   Available   funding capacity
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
Ballot Proposition
 Two Elements
   Expansion of existing authority of 4A
   Venue Taxes


 FourBallot Propositions
   Two for 4A
   Two for Venue Taxes
Previous Expansion of 4A Corp



 In1998 Sugar Land voters approved
 expansion of 4A Corporation’s Authority
 to undertake US 59 Expansion.
4A Corporation
 Ifpassed, the propositions WOULD
  expand the authority of an existing tool to
  be able to use as a funding source for
  Cultural/Entertainment District

   passed, the proposition - WOULD NOT
 If
   increase sales tax rate or
   impact residents property taxes
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
Ballot Propositions - 4A Corp


 Two   Propositions

 Proposition   A – Minor League Baseball

 Proposition B – Indoor Concert Venue
  and Festival site
Ballot Propositions – Venue Taxes

 Two   Propositions

 Proposition   C – Minor League Baseball

 Proposition D – Indoor Concert Venue
  and Festival site
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
Questions