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Business Team: Shubham Agarwal Amrita Jain Sarit Mishra Jomari Peterson Brett Wiewiora Architecture Team: Mekha Susan Abraham Arthur Azoulai Donald Chow.

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Presentation on theme: "Business Team: Shubham Agarwal Amrita Jain Sarit Mishra Jomari Peterson Brett Wiewiora Architecture Team: Mekha Susan Abraham Arthur Azoulai Donald Chow."— Presentation transcript:

1 Business Team: Shubham Agarwal Amrita Jain Sarit Mishra Jomari Peterson Brett Wiewiora Architecture Team: Mekha Susan Abraham Arthur Azoulai Donald Chow Scott Harrison Joseph Koon Johnson Pun Jacob Russo John Soh Faculty Advisor: Pablo Garcia

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15 For- Profit Solid Model SPEED Implementation

16 Skyline Park, Inc. Board: Building Owners, Investors, etc David Bear Green Tech Experts PR & Marketing A&E Team Regulatory Team

17 RisksResponse Zoning & Permitting Engaging city officials early, publicly and transparently Building Owner Buy-in Give owners equity in business Save money, Positive PR Make them part of the team Attracting FundersCompelling Business Case Public Response Extensive Marketing & PR Efforts Risks & Responses

18 Concept Drawings Solidify Funders & Organize Team Finalize Design Design Review & Approval Construction 3 Years Timeline

19 47 Million Visitors to New York Annually 7.5% of Visitors (3.5 million people) visit Empire State Building Annually Market Analysis - Benchmark

20 Willingness to Pay Public Viewing Poll – Post Gazette 42% of Respondents$10 4% of Respondents$20 2% of RespondentsOver 20 Dollars 10 Million Visitors to the Region Annually $3 Billion Dollars in Tourism Revenues Annually Pittsburgh Stats: VisitPittsburgh.com What this means for Pittsburgh

21 Other Attractions In Region o Museums o Parks o Venues (Heinz Hall, Benedum, Phipps, etc) o Downtown Restaurants Other Nearby Cities o Cleveland o Buffalo/Niagara Falls o Washington, DC o Philadelphia o New York City Competition

22 Assumptions for Financial Projections Annual Pittsburgh Visitors:10,000,000 Maximum % of visitors to High Point Park6.0% Ticket Price$15 Special Events/Year12 Special Events Ticket Price$100 Special Events Attendance1000 Gift Shop Sales per visitor$2 Borrowing Rate7% Basis for Financial Projections

23 Triple Bottom Line - Financial Projections NPV - $50 Million Dollars

24 Triple Bottom Line – Social ROI Increase in Local Visitors Innovation Beauty City Icon

25 o Estimate 10,000 visitors come primarily for Park o Each visitor averages $300 in spending o Indirect Economic multiplier of 4-7 o Equals $12 M - $21 M economic impact on region Triple Bottom Line – Social ROI * Sources: Dr. Daniel J. Stynes, Michigan State University & Visit Pittsburgh Visitors SpendingMultiplier SROI

26 Energy Generated Through Wind Belt: 470 KW Screen Energy Requirements Additional Energy Requirements: Total Building Energy Requirements: Percentage Covered by Renewables: Water Harvesting Green Roof Benefits: Triple Bottom Line - Green

27 Long-Term Goal: Make building 65% Renewable energy With Windbelt technology: We power 9% of building Also provide –Green Roof –Water Reclamation Triple Bottom Line - Green

28 Triple-faceted Design For-Profit Model $46 Million profit over ten years SROI = $12 – $21 million a year Green ROI – 100% renewably powered, contributing 9% power to building Summary & Recommendations

29 Appendix

30 Triple Bottom Line – Green Data Potentially generate up to 4119 mWh annually (470 kWh * 8765 hours/year) Our Energy needs are: Projectors – 184 mWh annually Rest of our space: 600 mWh annually Rest of Building mWh annually

31 Vision: To make Pittsburgh a top-tier worldwide tourist destination. Mission: Create an icon for the city that emphasizes Pittsburghs new role as a leader in green technology and innovation. Mission & Vision

32 TECHNICAL FEASIBILITY Pittsburgh: –Wind low = 6.0 mph –Wind high = 10.4 Average wind speed required for wind belt = 6mph.

33 Funding Considerations Government Rebate PA State incentives and policies for Wind and Geothermal Energy. Offers funding up to $5 million at 5% for up to 15 years Potential Collaborations Humdinger is seeking strategic partners interested in licensing intellectual property rights to manufacture and sell the Wind-cell Panel technology.

34 dustry/ htmlhttp://www.popularmechanics.com/technology/in dustry/ html Aeroelastic Flutter Demo

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