SAN DIEGO CONVENTION CENTER PHASE III EXPANSION Project Update

July, 2011

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Visit www.visitsandiego.com & Click on Expansion News

21 Years of Success

Economic Impact $20.8 Billion

Direct Attendee Spending $8.6 Billion

Tax Revenues $399.6 Million

Hotel Room Nights 12.4 million

Number of Events 4,684

Attendance 17.2 million

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2009 Mayor’s Citizen Task Force

Community Participation• Lodging• Business• Labor• Taxpayers• EnvironmentalRecommendation• Expansion should

proceed

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Proposed Program(new leasable space only)

Type of Area AreaExhibit Hall 225,000

Meeting Rooms 101,500Ballroom 80,000

Total 405,100

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AECOM Analysis of Proposed Expansion

• Data compiled from meeting and event executives

• 25 primary events• 246,861 attendees for 3.86 nights at $185 ADR• 657,000 potential new room nights• $121,081,000 in new hotel room sales

revenue

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Additional Annual Economic Benefits from Expansion

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Total Economic Impact $698 Million

Direct Delegate Spending $372 Million

TOT Revenue $15.1 Million

Sales Tax Revenue $.8 Million

Jobs Generated by Events 6,685

Size MattersProgram and Revenue Sensitivity

Lost Annual Room Sales Program Reduction

$10,534,000 10,000 SF exhibit hall

$1,883,000 1,000 SF ballroom

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Port Lease

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Due Diligence “Test Fit”

150’ tall, 1,266,719 SF and $711,000,00010

Design Team Selection

Request for

Qualificatio

ns

• Issued in June• 13 responses

Request for

Proposals

• Issued in August• Five teams Invited to respond• 8 week evaluation process

Design

Team Select

ion

• Fentress Architects selected

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Breakthrough Conceptual Design

Breakthrough Conceptual Design

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Architectural Studies

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Architectural Studies

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Architectural Studies

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Fall 2010 Design

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Spring 2011 Design

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Summer 2011 Design

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Public Realm—AccessSummer 2011 Design

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Public Realm—Protect View CorridorsSummer 2011 Design

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existing

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Spring 2011

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Summer 2011

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Accessible Public Realm Space

Current 331,000 SF/7.6 Acres

Summer 2011 Design 468,000 SF/10.75 Acres

137,000 SF or 3.15 Acres New Public Realm Space

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Current Design

Current Design

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Current Design

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Current Design

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Constructing Cost EstimatingConclusion

• All required program elements can be constructed for $500 million including reasonable and appropriate design/construction contingency

• With $50 million fund reserved for unanticipated site conditions and entitlement issues, total project costs and total amount of bond proceeds needed to fund the project is $550 million

• Project’s all-in, maximum cost exposure--$550 million

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FinancingNew Revenues Generated by Expansion

Revenue sources proposed but not yet approved– Port Lease Revenue and City TOT from Expansion Hotel– Centre City Project Area tax increment – Self-assessment by beneficiaries in assessment district or

CFD structure• Lodging Industry• Downtown food/beverage/retail sales• City-wide taxicab “flag drop”

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Proposed Hotel Room Sales Assessments

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Expansion Schedule

Action Date

Approval of PMPA & Certification of EIR by Port Summer, 2012

Certification of PMPA by Coastal Commission Winter, 2012

Coastal Development Permit Early 2013

Commence Construction Mid-2013

Complete Construction Early 2016

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public space design

access to waterfront

access – vehicular

access - rooftop

access – public access

PA

RK

ESPLANADE

view corridors

park boulevard

park blvd | convention center way

park blvd | convention center way

1. wind palms2. benches3. coming together

1

3

public art

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public art

activated waterfront70 feet wide, mix of uses and amenities

needs assessment 2009

Critical open space needs:

+ Multi-purpose urban parks serving downtown residents

+ Multi-purpose space for people to gather

+ Connectivity of parks and waterfront

needs assessment 2009

Activity needs that can be providedon rooftop public space:

+ multi-purpose open space+ playgrounds/tot lots+ picnic areas+ outdoor seating areas+ natural areas+ waterfront access+ outdoor amphitheater+ concessions/food in parks+ interactive fountains/water play+ outdoor game tables+ restrooms+ signage/wayfinding+ educational classes

..

..

...

..

...

.

design inspiration

views and scale of the bay

a sense of nature

sustainable places

garden traditions | a sense of nature

skyline and urban features

1. the perch

2. the meander/coastal garden

3. the great lawn

4. the gathering place

5. the ascent

6. the grand staircase

7. visible green roof

8. esplanade

public realm accessible spaces

6.

4. 3. 2.1.

7.

7.

5.8.

the perch

the meander/coastal garden

the great lawn

the gathering place

the ascent

the grand stair

visible green roof

olympic sculpture garden-seattle

olympic sculpture garden-seattle

olympic sculpture garden-seattle

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

high line park- new york

1. the perch

2. the meander/coastal garden

3. the great lawn

4. the gathering place

5. the ascent

6. the grand staircase

7. visible green roof

8. esplanade

public realm accessible spaces

6.

4. 3. 2.1.

7.

7.

5.8.

Visit www.visitsandiego.com & Click on Expansion News

Visit www.portofsandiego.org & Click on San Diego Convention Center