BROAD HOLLOW BIOSCIENCE PARK Located on the Farmingdale State College campus April 2008 Broad Hollow Bioscience Park
CORPORATION June 1999 – NYS Legislation for 20 acres Bioscience Park July 1999 – BHBP corporation formed and 30 year Operating Agreement signed by BHBP & SUCF April 2008 Broad Hollow Bioscience Park
CORPORATION Tax-exempt corporation Controlled by 2 member organizations –Cold Spring Harbor Laboratory –Farmingdale State College –The Research Foundation of SUNY April 2008 Broad Hollow Bioscience Park
LOCATIONS April 2008 Broad Hollow Bioscience Park B-Q Nassau Suffolk L o n g I s l a n d CSHLFSC
CONCEPTUAL ISSUES BHBP 30-year Operating Agreement –State funded the building construction –State owns the facilities –State owns the land BHBP subject to state laws –Lease agreements, State is the landlord –Fit-out work, interior changes –Can take months for approvals April 2008 Broad Hollow Bioscience Park
CONCEPTUAL ISSUES Changing Operating Agreement and / or pass Legislation –BHBP can sign lease agreements –BHBP can perform required work to meet tenant needs –Land lease option? April 2008 Broad Hollow Bioscience Park
KEY DATES September 2000 Building I partially opened –10,000 s.f. of 50,000 s.f. facility Sept 2000 to June 2002 –Facility expanded from 50,000 s.f. to 63,500 s.f. –OSI Pharmaceuticals became anchor tenant April 2008 Broad Hollow Bioscience Park
KEY DATES June 2002 –OSI anchor tenant in 53,500 s.f. –Two companies in 10,000 s.f –State investment of $22.5 million April 2008 Broad Hollow Bioscience Park
KEY DATES Dec 2004 – Building II Shell construction Nov 06 Mar - April 2008 fit-out –43,000 s.f. –$20 million –$3.4 million provided by BHBP April 2008 Broad Hollow Bioscience Park
GOING FORWARD Third facility for critical mass Incorporate program into master plan of local townships Bridge Manhattan activity to Long Island Eventually link SUNY SB into corridor of development Foster opportunities for converging technologies April 2008 Broad Hollow Bioscience Park
LOCATIONS April 2008 Broad Hollow Bioscience Park B-Q Nassau Suffolk L o n g I s l a n d CSHLFSC SB
LOCATIONS April 2008 Broad Hollow Bioscience Park B-Q Nassau Suffolk L o n g I s l a n d CSHLFSC SB BNL DS NS-LIJ
LOCATIONS April 2008 Broad Hollow Bioscience Park CT NY NJ QueensNassau Suffolk LONG ISLAND MANHATTAN
INDUSTRY FOUNDATION Over 10 world-renowned research institutions in NYC to LI area 800,000 s.f. of research space being developed as East River Science Park April 2008 Broad Hollow Bioscience Park
LOCATIONS April 2008 Broad Hollow Bioscience Park CT NY NJ QueensNassau Suffolk FSC Cold Spring Harbor Laboratory LONG ISLAND MANHATTAN
PLAN East River Science Park Lease rates estimated to be ~$70 Company expansion options CSHL has started 15 companies April 2008 Broad Hollow Bioscience Park
110 Bioscience Corridor Lease rate of one-half Manhattan Previous era of aero-defense provides facility expansion options Local township developing master plan - LIRR, multi-flex space Expansion eastward to SUNY SB & BNL April 2008 Broad Hollow Bioscience Park
LOCATIONS April 2008 Broad Hollow Bioscience Park B-Q Nassau Suffolk L o n g I s l a n d CSHLFSC SB BNL DS NS-LIJ
FOUNDATION April 2008 Broad Hollow Bioscience Park
PLAN April 2008 Broad Hollow Bioscience Park B-Q Nassau Suffolk L o n g I s l a n d CSHLFSC SB BNL DS NS-LIJ CRO
FUTURE Develop 110 Bioscience Corridor Expand eastward to SUNY SB and BNL Develop into Long Island corridor Convergence of technologies with SUNY SB and BNL - nanotechnologies April 2008 Broad Hollow Bioscience Park