Oakland Unified School District Downtown Project

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Downtown Project Community Meeting 8/16/06. 2. Presentation Outline . Diagram of the Downtown ProjectWhat are the Community Directives?What are the Key Project Objectives?School Locations:La Escuelita will be reconstructed on the Downtown PropertyMetWest will be revamped on the Downtown PropertyDewey to migrate to a District siteChild Development Centers to stay nearby or at Laney CollegeEconomic Be

Presentation Transcript

Slide 1

Oakland Unified School District Downtown Project REDUCE DISTRICT DEBT, FREE UP RESOURCES FOR ACADEMIC PROGRAMS Downtown Project Community Meeting 8/16/06

Slide 2

Presentation Outline Overview of the Downtown Project What are the Community Directives? What are the Key Project Objectives? School Locations: La Escuelita will be remade on the Downtown Property MetWest will be revamped on the Downtown Property Dewey to move to a District site Child Development Centers to stay nearby or at Laney College Economic Benefits – Free Up Resources for Education City Approval Process Downtown Project Community Meeting 8/16/06

Slide 3

PUBLIC COMMENT COMMUNITY DIRECTIVES No school shut. Downtown Project Community Meeting 8/16/06

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REBUILD LA ESCUELITA ON DOWNTOWN SITE La Escuelita will be worked as another and extended office. Measure An assets have been held. Region will rent arrive on venture site for $1 every year. Downtown Project Community Meeting 8/16/06

Slide 5

PERMANENT HOME FOR METWEST DOWNTOWN another perpetual grounds for MetWest will be based on the venture site or co-situated with Laney College. Region will rent arrive on venture site for $1 every year. Measure An assets held for La Escuelita can bolster development of MetWest. Downtown Project Community Meeting 8/16/06

Slide 6

OTHER SCHOOL FACILITIES Dewey High School will migrate. Kid Development Centers will be migrated on the Downtown site or co-situated with Laney College Early Childhood Education Program . Downtown Project Community Meeting 8/16/06

Slide 7

AERIAL VIEW OF DOWNTOWN PROPERTY Dewey Administration YukYau MetWest La Escuelita Centro Infantil Downtown Project Community Meeting 8/16/06

Slide 8

PROPOSED DEVELOPMENT ON DOWNTOWN SITE REVISED TO INCLUDE LA ESCUELITA AND METWEST Downtown Project Community Meeting 8/16/06

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WHEN WILL THE SCHOOLS BE BUILT? The schools will be worked as a feature of the main period of development of the new improvement. Downtown Project Community Meeting 8/16/06

Slide 10

COMMUNITY BENEFITS Affordable Housing Teacher Preference for Affordable Housing Good Jobs for Oakland Residents Social Justice Program Environmentally Respectful/Energy Efficient Development Long Term Income Stream for School Facilities Downtown Project Community Meeting 8/16/06

Slide 11

THE DOWNTOWN PROJECT WILL FOLLOW THE CITY OF OAKLAND'S COMMUNITY APPROVAL PROCESS The designer is required to finish the City Council's open privilege endorsement prepare. On the off chance that under 1000 units are entitled by the City, there will be no property deal, as indicated by the terms put forward in the Letter of Intent. Downtown Project Community Meeting 8/16/06

Slide 12

ESTIMATED NET INCOME FROM PROPOSED SALE Option 1 - Purchase new authoritative complex and migrate Dewey –$13,175,000 Option 2 – Lease new regulatory complex and move Dewey - $9,975,000 + progressing lease cost. * Option 3 – Relocate regulatory complex to latent school site with here and now rent - $25,215,000 * Net deal pay $35 Million to $50 Million Plus $10 Million salary stream over long haul. * Lease of space requires continuous cost Downtown Project Community Meeting 8/16/06

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