1. St. Marys Intracoastal
Gateway

2. Gateway Property Purchased - July 7, 2010
City Council Established Gateway Committee - August 23, 2010
On Site Public Visioning Event - August 24, 2010
City Council Established initial Gateway Committee Membership - Sept. 27, 2010
Established with City Council approval the following Mission Statement/Development Objectives - February 7, 2011:
“The Steering Committee’s mission is to identify, pursue and implement with City Council approval and open public participation, appropriate development and funding for the St. Marys Intracoastal Gateway. The Committee’s vision is to create a citizen and visitor destination while guaranteeing public access, environmental enhancement , and economic development which is fully compatible with the Historic District of St. Marys”

3. Conducted early Public Outreach & Focus Events
Haskell Workshop - February 11, 2011
Coastal Regional Commission Public Workshop - March 9 and 10, 2011
Championed Council Approval of recommended name to “The St. Marys Intracoastal Gateway” - February 7 , 2011
Championed Council Approval of City/DDA/Gateway Committee Memorandum of Understanding - May 2, 2011
Championed and received award of Transportation Enhancement Grant for public walkway along the seawall – Phase I Walkway Constructed July 2017
Championed and received award of Coastal Incentive Grant for existing dock renovations - Completed renovations CIRCA Spring 2012
Championed effort to Temporary Utilize Property for Public Use in conjunction with the DDA - December 7, 2011 continuing

4. Championed two Request for Qualifications and Proposals to include reviewing, interviewing and ultimately rejecting responses - May 6, 2011 through 2011 and June 6, 2012 through 2012
Championed demolishing old Gilman Boat House - January 2012
Championed Property Rezoning with separate public zone along seawall and public pier for perpetual public use - May 7, 2012 and August 5, 2013
Developed initial Marketing Brochure - July 2012
Championed and oversaw Feasibility Study - October 22, through April 4, 2013
Developed agreement with Foram Group as City Fiduciary Representative to facilitate property development - September 25, 2013
Championed Agreement between the City/Foram/HOK to Develop Property Concept - October 20, 2014

5. Public Presentation of Hotel/Restaurant/Meeting Room Concept - February 5, 2015

6. Conducted unsuccessful negotiations with Foram Group to develop property - February through October 2015
Championed development of new Marketing “Slick” - July 14, 2016
Championing Public Pier Enlargement - Pending DNR Permit and Grant Application
Championing Piping Storm Water Outfall Ditch – Outfall Structure Constructed
Contracted with Community Development Partners (CDP) to identify potential developers meeting Gateway objectives effective July 1, 2017.

7. Transient Destination Military Cumberland Waterway August 2017
CDP Market
Analysis

8. Transient Destination Corporate Cumberland Government Waterway
2018 Highland
Feasibility
Study

9. Transient Destination Corporate Cumberland Government Waterway
2018 Highland
Feasibility
Study
28%

10. Group Destination Corporate Cumberland Government Waterway
2018 Highland
Feasibility
Study
28%

11. Group Destination Corporate Cumberland Government Waterway 29%
2018 Highland
Feasibility
Study
28%

12. Group Corporate Leisure Government 29% 2018 Highland Feasibility Study
28%

13. Group Corporate Leisure Government 29% 2018 Highland Feasibility Study
28%
43%

14. February 2013 Market Analysis
December 2014 HOK Concept
August 2017 CDP Concept
July 2018 Highland Report

15. February 2013 Market Analysis
120 Room Hotel
3,500 square foot meeting area
Full service restaurant
Bar/lounge

16. December 2014 HOK Concept 54 Room Hotel
1,250 – 1,500 square foot meeting area (est)
Full service restaurant
Bar/lounge

17. August 2017 CDP Concept
80 Room Hotel (two more room on each level, 4 levels)
5,000 – 10,000 square feet of meeting space
Full service restaurant
Bar/lounge
Expanded dock facilities

18. July 2018 Highland Report 82 Room Hotel (four to five story)
2,500 to 3,000 square feet of meeting space
Full service restaurant
Lobby bar

19. City Actions:

20. City Actions:
St. Marys Intercoastal Gateway Dock Project

21. St. Marys Intercoastal Gateway Dock Project
City Actions:
St. Marys Intercoastal Gateway Dock Project
This provides the expanded dock facilities

22. St. Marys Intercoastal Gateway Dock Project
City Actions:
St. Marys Intercoastal Gateway Dock Project
This provides the expanded dock facilities
Acquisition of adjoining property

23. St. Marys Intercoastal Gateway Dock Project
City Actions:
St. Marys Intercoastal Gateway Dock Project
This provides the expanded dock facilities
Acquisition of adjoining property
This allows greater area for the development of the hotel without having to go as high

27. Highland Report: Net Operating Income (amount available to pay debt service): $ 282,000 First year

28. Highland Report: Net Operating Income (amount available to pay debt service): $ 282,000 First year $1,000,000 By year 4

29. What will it cost to develop?

30. What will it cost to develop. 2013 HCI Study: Between $15
What will it cost to develop? 2013 HCI Study: Between $15.5 million & $21.6 million

31. What will it cost to develop. 2013 HCI Study: Between $15
What will it cost to develop? 2013 HCI Study: Between $15.5 million & $21.6 million 2015 Bleakley TAD Study: Estimated $15 million

32. What will it cost to develop. 2013 HCI Study: Between $15
What will it cost to develop? 2013 HCI Study: Between $15.5 million & $21.6 million 2015 Bleakley TAD Study: Estimated $15 million CDP current conceptual budget: $13.5 million to $14 million

33. Project Costs

34. Project Costs
Hard Costs:

35. Project Costs
Hard Costs:
Site Development

36. Project Costs Hard Costs: Site Development
Construction Costs (Inc Contingencies)

37. Project Costs Hard Costs: Site Development
Construction Costs (Inc Contingencies)
Furniture, Fixtures & Equipment (FF&E)

38. Project Costs Hard Costs: Site Development
Construction Costs (Inc Contingencies)
Furniture, Fixtures & Equipment (FF&E)
80-85%

39. Project Costs

40. Project Costs
Soft Costs:

41. Project Costs
Soft Costs:
Design Fees

42. Project Costs
Soft Costs:
Design Fees
Construction Interest

43. Project Costs Soft Costs: Design Fees Construction Interest
Working Capital

44. Project Costs Soft Costs: Design Fees Construction Interest
Working Capital
Development Fees

45. Project Costs Soft Costs: Design Fees Construction Interest
Working Capital
Development Fees
15-20%

46. Project Funds

47. Project Funds
Debt

48. Project Funds
Debt (Including subordinated debt)

49. Project Funds
Debt (Including subordinated debt) 50-55%

50. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity

51. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %

52. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives

53. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives %

54. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives % Contributed Land

55. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives % Contributed Land
TAD Financing

56. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives % Contributed Land
TAD Financing
Georgia Tourism Development Program

57. Project Funds Debt (Including subordinated debt) 50-55%
Developer Equity %
Community Incentives % Contributed Land
TAD Financing
Georgia Tourism Development Program
Military Zone Job Tax Credits