land use summary leveraged irr total development costs … · 2020. 7. 9. · industrial use /...
TRANSCRIPT
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R E C O N N E C T E D
C
DA
RS
R
VI
TA
LI
ZED
Dalla
s In
corp
orate
d 1
856
Cur
rent
Day
Old
City
Park
Added
to C
edars
Nei
ghb
orho
od 1
879
DA
RT C
reate
d1983
(DTS
) Tra
nsit
System
1964 -
1988
Firs
t Exp
ans
ion
M-Li
ne 2
002
Forw
ard
Dalla
s! C
ompre
hens
ive
Plan
2006
Woo
dall
Rodger
s Pa
rk 2
010
Dart
Expans
ion
2013
Marrio
tt H
otel
Con
vent
ion
Cen
ter 2015
PH
ASE
I
PH
ASE
II
Dalla
s C
onve
ntio
n C
ente
r H
otel
2010
Ced
ars
Wes
t Stu
dy
2006
Moc
king
bird
Sta
tion
2001
Ced
ars
TIF
Distri
ct P
lan
1992 -
1993
Proj
ect P
egasu
s 2010
Woo
dall
Ridger
s Pa
rk P
lan
2005 C
omple
tion
2010
Ced
ars
Are
a P
lan
2002
Ced
ars
DA
RT 1
996
Dalla
s Fo
unded
1841
McK
inne
y Line
1989
Sears
con
verte
d to
res
iden
tial l
ofts 2
000
Polic
e H
eadqua
rters
2003
The
Buz
z 2007
The
Bea
t 2009
Cala
trava
Brid
ge
2009
Pegasu
s Pr
ojec
t Com
ple
tion
2017
Ced
ars
M-Li
ne E
xten
sion
20
10
Pegasu
s Pr
ojec
t and
Pha
se I
- 2003
PH
ASE
III
Trin
ity R
iver
Cor
ridor
Sum
mit
and
Stu
dy
1996 -
1998
Trin
ity R
iver
Cor
ridor
Pro
ject
2013
City
Hall
1977
Sout
h Si
de
PID
2006
Con
vent
ion
Cen
ter Ex
pand
ed 1
994
1990
1840
1915
1890
1865
1940
1965
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
20
CE
DA
R S
TA
TIO
N C
AF
E
Po
lice
He
ad
qu
art
ers
C
ockre
ll S
tre
et
O
ffic
e B
uild
ing
s a
nd
Pe
de
str
ian
Co
nn
ectio
n
C
ed
ars
Sta
tion
Pla
za:
Ga
the
rin
g a
nd
Exh
ibitio
n S
pa
ce
Inte
rne
t C
afe
, P
oo
l C
ed
ar
Str
ee
t
Pe
de
str
ian
Co
nn
ectio
n,
Re
tail,
Re
sid
en
tia
l, L
ive
Wo
rk
Acka
rd D
ow
nto
wn
Vie
w
CE
DA
RS
ree
t D
AR
T c
ross
ing
Ad
ap
tiv
e R
eu
se-
Cu
ltu
ral C
en
ter,
Mu
seu
m, G
all
ery
, Mu
sic,
Art
,...
E
xte
rio
r P
laza
Ex
ten
sio
n_
Co
nn
ect
ion
to
DA
RT
Sta
tio
n a
nd
Ne
igh
bo
rho
od
Art
ist
Mu
ral,
Mu
sic,
Ou
tdo
or
Scu
lptu
re
PLA
N1
:50
Eve
ry D
ay
Pla
za
The C
edars
neig
hborh
ood is
dig
gin
g it
s ro
ots
into
th
e e
scarp
ment
of
Dalla
s, o
n t
he e
dge o
f th
e C
anyo
n
and i
s on t
he v
erg
e o
f ente
ring a
new
chapte
r of
its
his
tory
. La
rge era
-defin
ing in
itiativ
es
of
gra
nd sc
ale
and c
reativ
ity w
ill b
reath
e n
ew
life
into
the C
edars
and
revi
ve t
he w
orn
out
urb
an f
abric.
The e
xist
ing D
ART
statio
n,
the M
-Lin
e s
treetc
ar
ext
ensi
on,
and a
gre
en
netw
ork
of park
s and tra
ils a
dja
cent to
the T
rinity
Riv
er
are
th
e new
th
reads
that
tie th
e C
edars
back
in
to
Dalla
s and w
ill r
est
ore
an identit
y and c
hara
cter
to the
neig
hborh
ood.
The d
eve
lopm
ent
site
is
the h
ub in t
he
heart o
f th
e n
eig
hborh
ood c
reatin
g a
com
munity
with
act
ive s
treet lif
e a
nd s
hare
d p
ublic
space
. A
div
ers
e m
ix
of fa
mili
es,
artis
ts,
and p
rofe
ssio
nals
will
form
the c
ore
of th
e n
eig
hborh
ood a
lready
taki
ng r
oot and w
ill g
row
th
e C
edars
to e
ver-
gre
ate
r heig
hts
.
DA
RT li
ght r
ail
DART
bus
line
bic
ycle
pe
de
stri
an
Blo
ck S
truct
ure
Dalla
s G
row
s -
Cedars
Neig
hborh
ood G
row
s
19
20
’s C
edars
Neig
hborh
ood D
ecl
inedIn
dust
rial U
se /
Infrast
ruct
ure
Gro
wth
Cedars
Revi
taliz
atio
n B
egin
s
Open S
pace
Phase
12010 -
2012
Phase
22013 -
2015
Phase
32016 -
2019
Tota
l Build
out
Tota
l C
ost
sFi
nanci
ng S
truct
ure
Equity
Capita
l A
ccount
Su
mm
ary
Levera
ged
IR
R
22.9
0%
Tota
l D
evelo
pm
en
t C
ost
s
$268,6
24,0
00
Ma
xim
um
Ca
sh
Imp
air
men
t:
$179,8
99,4
67
Net
Sa
les
Reven
ue
of
Inco
me P
rop
ert
y
Sa
les
(2019)
$464,1
64,6
00
Cu
mu
lati
ve E
qu
ity
Ca
pit
al A
ccou
nt
$132,1
17,8
06
Housi
ng U
nits:
30
0 -
Mark
et-Rate
30
- A
fford
able
3
0 -
Low
-Inco
me
Reta
il -
6
0,0
00
s.f.
Offic
e -
0 s
.f.
Park
ing -
1,3
48
space
s
Housi
ng U
nits:
18
7 -
Mark
et-Rate
23
- A
fford
able
2
3 -
Low
-Inco
me
Reta
il -
92
,00
0 s
.f.
Offic
e -
1
08
,00
0 s
.f.
Park
ing -
76
8 s
pace
s
Housi
ng U
nits:
11
6 -
Mark
et-Rate
15
- A
fford
able
1
5 -
Low
-Inco
me
Reta
il -
33
,40
0 s
.f.
Offic
e -
3
47
,00
0 s
.f.
Park
ing -
32
4 s
pace
s
FIN
AN
CIA
LS
M
M
M
Dis
tric
t C
onnect
ions
DIA
GRA
MS
T
T
CH
ILD
RE
N’S
ME
DIC
AL
CT
R.
PA
RK
LA
ND
HO
SP
ITA
L
McKINNE
Y
INDUSTRIAL
CiT
Y P
LA
CE
P
M
M
M
M
Transp
ortatio
n
Infrast
ruct
ure
/Tra
nsi
t
Parti D
iagra
m
Gre
en N
eck
lace
Sect
ion
1:2
0
Land U
se
Pla
za E
ntrance
DA
RT L
IGH
TRA
IL
AKARD
BELL
EVIEW
Turtle
Cre
ek
Oak
Clif
f
Fair P
ark
Dow
nto
wn
CED
ARS
Econ
omic
Dev
elop
men
t distric
t
Up T
ow
n
M-l
ine
DA
RT
Resi
dentia
l
Reta
il
Offic
e
Tota
l Build
out
57%
12%
31%