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Building better communities through the arts

ABOUT ARTSPACE

> Established in 1979> National leader in arts facility development> Based in Minneapolis with offices in Los Angeles, New

Orleans, New York, Seattle, and Washington, DC> 38 completed projects in 15 states and DC> Projects under construction in Loveland, CO; Michigan City,

IN; Hamilton, OH; and Dearborn, MI> Most recently completed project in East Harlem, NYC> More than 1,500 affordable live/work units> More than 1.5 million square feet of non-residential space for

nonprofit arts/cultural organizations, creative professionals, and entrepreneurs

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Projects in operation Projects in development Consulting

// at work in the United States

CASE STUDIES

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WHERE HAVE ALL THE ARTISTS GONE?

El Barrio’s Artspace PS109 // East Harlem, New York 90 live/work units, 11,000 sq. ft. for cultural groups (under construction)

FROM SCHOOL TO ARTS CENTER

New York City: El Barrio’s Artspace PS109

> 90 live/work units in historic public school building

> Home to Taller Boricua, Hi-ARTS and El Barrio Theater Company

> $52 million total development cost

> Opened fall of 2014

KEEPING CULTURE ALIVE IN EL BARRIO

PLACE AND SPACE FOR FAMILIES, TOO

LOVELAND: AN ARTS CAMPUS

The Challenge Help the

community repurpose a

historic grain elevator for community

uses

CATALYST FOR DOWNTOWN DEVELOPMENT

LIVE/WORK SPACE + ARTS INCUBATOR

!Architectural rendering, with the new live/work structure in the foreground and the renovated Feed and Grain Building in the background

Year 2 was even more spectacular.

ARTS AT THE FEED AND GRAIN BROUGHT IN CROWDS: 20,000 FROM 2012 TO 2014

FINANCING: 30 UNITS LIHTC LIVE/WORK HOUSING + ARTS INCUBATOR

SOURCES OF FUNDING: 60 LIVE/WORK UNITS + 13,000 SF COMMERCIAL

Artspace Buffalo Lofts // Buffalo, New York

SOURCE AMOUNT PCT.

Public Sources

Federal low income housing tax credits $ 6,592,060 41 %

State low income housing tax credits $ 2,796,404 17 %

Federal historic tax credits $ 1,678,775 10 %

HOME funds ($900,000 from state, $400,000 from city) $ 1,300,000 8 %

Community Development Block Grant (city) $ 300,000 2 %

Federal allocation $ 250,000 2 %

Private Sources

Private sector (philanthropic gifts) $ 1,400,000 9 %

First mortgage $ 1,200,000 7 %

Deferred developer’s fee $ 670,944 4 %

TOTAL $ 16,188,183 100 %

CAMPUS PLAN ON 8 ACRE TANNERY

Artspace Tannery Lofts // Santa Cruz, California 100 affordable live/work residences in two buildings (opened 2009)

AFFORDABILITY FOR ARTISTS

Santa Cruz, California: Artspace Tannery Lofts // Digital Media & Creative Arts Center > 100 live/work units in two new

buildings> 23,000 square feet of studios for

artists and creative businesses> $42.4 million total development

cost> Opened 2009 and 2012

BRINGING ARTISTS BACK

Artspace Tannery Lofts // Santa Cruz, California 100 affordable live/work residences in two buildings (opened 2009)

27 CREATIVE BUSINESSES

Artspace Tannery Lofts // Santa Cruz, California 100 affordable live/work residences in two buildings (opened 2009)

CLASSES AND OPEN HOUSES

Artspace Digital Media and Creative Arts Center // Santa Cruz, California

REVITALIZATION + A STABLE HOME FOR THE ARTS

Northern and Tilsner Warehouses // St. Paul, Minnesota 52 and 66 live/work units in two historic warehouses (opened 1990, 1993)

Today: Light Rail, Baseball, Farmers Market, More Artists

CASE STUDY OF ECONOMIC IMPACT CATALYTIC IMPACT OF TWO MIXED USE ARTIST HOUSING PROJECTS IN DOWNTOWN ST PAUL

•1980s: No glimmer of sports stadiumToday: New Ballpark for St. Paul Saints: $63

million in construction costs$10 million in annual economic impact• 1980s: No artists and arts activityToday: 50,000 annual visitors to semi-annual art

crawls with average spending of $20/person or $1 million

•1990: Artists only residents downtownToday: More than 8,100 residential units

downtown -- 30% increase in last decade

CASE STUDY OF ECONOMIC IMPACT CATALYTIC IMPACT OF TWO MIXED USE ARTIST HOUSING PROJECTS IN DOWNTOWN ST PAUL

• 1980: Area had no name or identityToday: Lowertown is a designated historic

district with arts district status pending. Fastest growing neighborhood.

•1991: St. Paul Farmer’s Market built across the street from the artist buildings

Today: Brings 20,000 visitors downtown April-November every weekend

• Closest bus line 5 blocks awayToday: Light Rail to immediate neighborhood

TRANSIT ORIENTED DEVELOPMENT

Artspace Mt. Baker Station Lofts is being developed in partnership with Sound Transit and will be Artspace’s first true TOD.

NEIGHBORHOOD FOCUS

Artspace Mt. Baker Station Lofts is being developed in partnership with Sound Transit and will be Artspace’s first true TOD.

HOW DO WE MEASURE SUCCESS?> 2011 Economic Impact Study measured impact on cities and

neighborhoods and tax base as well as artist success: Occasional

> Individual Artist Interviews: Ongoing

> New Business Development, fostering entrepreneurship: Ongoing

> Community Events and Activities

> Formal and Informal Partnerships

Building better communities through the arts