STAUNTON CROSSING

Business Planning Timeline

• Pre-Planning Services

• Kickoff Meeting – Nov. 8, 2018

• Stakeholder Meeting – Dec. 13, 2018

• DRAFT Business Plan Prepared

• Final Presentation – Feb. 28, 2019

Master Plan Process

• Stakeholder Feedback

• Property Constraints

• Projects Underway

• Maximum City Return

 The Staunton Crossing Plan
ZONES DEFINED BY:

• TOPOGRAPHY

• NATURAL FEATURES

• EXISTING ROADS

• ACCESS NEEDS

• RAIL OPTIONS

• LAND Option
USE RULES
2
The Staunton Crossing Plan

ADV. MFG.

OFFICE/FLEX
RETAIL

OFFICE/FLEX DATA CENTER

Option 1
The Staunton Crossing Plan

ADV. MFG.

OFFICE/FLEX DATA CENTER

Option 2
The Staunton Crossing Plan
THE BIG PICTURE
1.9 MILLION SQUARE FEET OF ECONOMIC DEVELOPMENT

UP TO 3,250 QUALITY JOBS

OVER $4 MILLION IN ANNUAL TAX REVENUE TO CITY OF STAUNTON

Use Type Total SF Use Type Tax Revenue Total Jobs Use Type Water Use Sewer Use Totals

Retail 15,000 Retail $16,000 60 Retail 1,500 GPD 1,200 GPD Square Feet 1,840,000
Tax Revenue $4,037,000
Office 605,000 Office $884,000 2,420 Office 60,000 GPD 36,300 GPD
Jobs 3,250
Adv. Mfg. 845,000 Adv. Mfg. $2,012,000 720 Adv. Mfg. 211,250 GPD 169,000 GPD
Water Use 460,250 GPD
Data 375,000 Data $1,125,000 50 Data 187,500 GPD 65,625 GPD Sewer Use 272,125 GPD
The Staunton Crossing Plan
THE BIG PICTURE
The Staunton Crossing Plan
THE BIG PICTURE
TABLE 1 TABLE 2 TABLE 3 MASTER PLAN

TOTAL SQUARE FOOTAGE 2,115,000 2,047,500 2,497,500 1,840,000

$$ OF CAPITAL INVESTMENT $292,613,347 $289,218,028 $341,263,364 $264,000,000

REAL ESTATE TAXES $2,831,488 $2,793,040 $3,295,261 $2,152,000

MACH. & TOOL TAXES $707,400 $1,275,750 $1,545,750 $1,885,000

JOBS 2448 2869 1537 3250

TAXES PER ACRE $10,724 $12,330 $14,670 $12,233

JOBS PER ACRE 7.4 8.7 4.7 9.8

Recommendations
1. Demolish Existing Buildings
2. Build New VDOT Road
3. Brownfields Grant Funding
4. ROI Analysis
5. Tier 4 Site Readiness Certification
6. Develop Marketing Plan
7. Draft Design Guidelines Agreements
8. Draft Covenants & Restrictions
9. Real Estate Strategies (Control)
10. Data Center Strategies
Recommendations
1. Demolish Existing Buildings
2. Build New VDOT Road
3. Brownfields Grant Funding
4. ROI Analysis
5. Tier 4 Site Readiness Certification
6. Develop Marketing Plan
7. Draft Design Guidelines Agreements
8. Draft Covenants & Restrictions
9. Real Estate Strategies (Control)
10. Data Center Strategies
 Recommendations
GETTING TO TIER FOUR

DUE DILIGENCE READY TO CONSTRUCT

• Industrial or Commercial Zoning
• Preliminary Geotechnical Report
• Land survey (ALTA/boundary/topo)
• Phase 1 ESA
• Floodplain Study
• Cultural Resources Study
• Threatened & Endangered Species Study
• Wetlands Delineation w/ Valid COE Confirmation
• Natural gas Preliminary Engineering
• Electric Preliminary Engineering
• Traffic Impact Study (if necessary)
• Construction Plans Approved - Water system
improvements
• Construction Plans Approved - Wastewater system
improvements
• Construction Plans Approved - Stormwater Plan
• Wetlands & environmental permitting complete w/
mitigation
Design/Development Considerations

Sewer - Onsite
Design/Development Considerations

Sewer - Onsite
Design/Development Considerations

Sewer - Offsite
Design/Development Considerations
2019 2020 2021 2022 2023 2024 2025
RECOMMENDATIONS H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2 H1 H2
1. DEMOLISH BLDG
2. VDOT ROAD
3. BROWNFIELD GRANTS
4. ROI STUDY
5. TIER 4 READINESS
6. MARKETING PLAN
7. DESIGN GUIDELINES
8. COVENANTS
9. REAL ESTATE CONTROL
10. DATA CENTER STRAT.
Q&A