Cultural Entertainment District

1
Cultural Entertainment District
2
Cultural Entertainment District

• Goal
• Create a series of venues that provide a variety
  of year-round entertainment activities for all
  ages that tie into both UH and community programs
  and activities

3
Cultural Entertainment District
4
Cultural Entertainment District

• Vision Task Force recommended creating a
  Cultural/Entertainment District with the
  following elements
• Festival Site
• Indoor Concert Venue
• Minor League Ballpark
• Cultural Arts Venue / Performing Arts Academy
• Full Service Hotel Convention Center
• City Council adopted the conceptual site plan for
  the Cultural/Entertainment District on April 15,
  2008

5
Entertainment District Conceptual Site Plan
Cultural Entertainment District Approved
Conceptual Site Plan
6
Cultural Entertainment District Approved
Conceptual Site Plan
7
Development Criteria

• Project Cannot rely on general property taxes
• Project cannot degrade quality of life in
• Traffic
• Safety
• Noise

8
First Projects

• Indoor Concert Venue
• Minor League Baseball
• Festival Site

9
First Projects

• Indoor Concert Venue
• 6,500 Seats
• Similar in Design and Function to Nokia Theaters
  in Grand Prairie, TX and Los Angeles, CA

10
First Projects

• Minor League Baseball
• 4,000 seats to 10,000 Seats
• Market Opportunity for Independent Team or
  Affiliated Team ( AA or AAA)
• Festival Site
• Provides green space, public art opportunity,
• Address growing community need
• Tied to Brazos Park

11
Potential Funding

• Existing 4A and 4B sales tax funds
• Direct project/venue revenues

12
4A Corporation

• Existing ¼ Cent Sales tax adopted in 1993 for
  Economic Development
• Has been used successfully on a number of
  projects including,
• First Colony Mall, U of H, Town Square,
  US 59, Various Econ Dev projects.
• 4A funds - CANNOT be used to fund City
  operations

13
Project Funding - 4A Corporation

• 4A Funding Existing Sales Tax for Economic
  Development
• US 59 Project successful Project winding down
  freeing up capacity
• Similar to US 59 Project in that a public vote
  will be required

14
Project Funding 4B Corporation

• 4B Funding Existing Sales Tax for Economic
  Development
• Does not require election
• Would require public hearing for project types
• Available funding capacity

15
4B Corporation

• Existing ¼ Cent Sales tax adopted in 1995 for
  Economic Development
• Has been used successfully on a number of
  projects including,
• Parks projects (Imperial Park, Lost Creek,
  Oyster Creek, )
• First Colony Mall, U of H, Town Square,
  US 59, Various Econ Dev projects.
• 4A funds - CANNOT be used to fund City
  operations

16
Ballot Proposition

• Two Elements
• Expansion of existing authority of 4A
• Venue Taxes
• Four Ballot Propositions
• Two for 4A
• Two for Venue Taxes

17
Previous Expansion of 4A Corp

• In 1998 Sugar Land voters approved expansion of
  4A Corporations Authority to undertake US 59
  Expansion.

18
4A Corporation

• If passed, the propositions WOULD expand the
  authority of an existing tool to be able to use
  as a funding source for Cultural/Entertainment
  District
• If passed, the proposition - WOULD NOT
• increase sales tax rate or
• impact residents property taxes

19
Venue Taxes

• Ticket Tax of up to 10 face value of the tickets
  sold in the Cultural / Entertainment District
• Parking Tax of up to 3.00 per car. Would apply
  only to parking in the Cultural / Entertainment
  District
• 2 Increase in Hotel Occupancy Tax Rate. Rate
  would increase from current 7 to proposed 9.
  Would apply to all hotel rooms rented in Sugar
  Land

20
Ballot Propositions - 4A Corp

• Two Propositions
• Proposition A Minor League Baseball
• Proposition B Indoor Concert Venue and Festival
  site

21
Ballot Propositions Venue Taxes

• Two Propositions
• Proposition C Minor League Baseball
• Proposition D Indoor Concert Venue and Festival
  site

22
Election Dates

• Mon 10/20 1st Day Early Voting in Person
• Sat 10/25 Wknd Early Voting in Person
• Tue 10/28 Last Day to apply for mail ballot
• Fri 10/31 Last Day Early Voting in Person
• Tue 11/4 ELECTION DAY

23
Questions