4 - Summary of Crossroads Mall Redevelopment Project Expenses. ~ ~
Boulder Urban Renewal Aulhority
1300 Canyan Boulevard
PO Box 791
Bouider, CO 80306
303•441-3276
303•441-4070
www.ci.bou Ider.co.uslbura
WEEKLY INFORMATION PACKET
MEMORANDUM
TO: Mayor Toor and Members of City Council
FROM: Frank W. Bruno, City Manager
Brad Power, Executive D~rector
DATE: July 2, 2003
SUBJECT: Summary of Crossroads Mall Redevelopment Pro~ect Expenses
On June 16, 2003, Council member Dan Corson sent a hotline mqwry regardmg whether
an accounting of expenses related to the Crossroads Mall redevelopment pro~ect has
been, or could be talhed. On June 17, the City Council requested that the research be
completed This memorandum summarizes the expenses for the pro~ect smce 1998
Although mformal discussions between the City, BURA and Macench date to the mid-
1990's, most consider the begimm~g of the City of Boulder's formal involvement in the
pro~ect to be the Crossroads Commumty Consortium of early 1998.
The total cost of the pro~ect to date is $811,450 This figure mcludes staff t~me,
consultant expenses and admmistrative costs (equipment, facility rental, travel, etc ) for
encouraging the redevelopment of the site The mformation m Attachment A represents a
breakdown of the expenses. Some departments were able to report cost mformation by
year and pro~ect. Others provided either a yearly total or a pro~ect total
A sigmficant amount of staff time and consultant expense was centered m 2001 dunng
the plannmg stages for the srte, and in 2002 for the mtensive negohahons wrth the
Macerich Company At the time, Macench predicted their mvestment m a ma~or mixed
use redevelopment of the site would exceed $200 m~llion. The negotiahons were
mutually ended m the early fall of 2002 However, many of the improvements and goals
that resulted from the Consortium, the Framework Plan and the Macench negot~ations are
expected to be represented m Westcor's plan for the property The followmg elements
that are I~kely to be m the Westcor plan were developed over the course of the Crossroads
pro~ecYs plamm~g and negotiations improved shoppmg, enhanced dmmg and
entertamment opportunities, de-mallmg of the site, improved vehicle, bike and pedestnan
connechons; less surface parkmg, and more pubhc amenrties
ATTACHMENT A
SUMMARY OF CROSSROADS MALL REDEVELOPMENT EXPENSES
1998-2003
1998
Crossroads Community Consorttum
Two month process to gather community ideas for the srte Daily Camera questionnaire;
7,000 direct marlrngs, two large public workshops; 12 member steenng committee; report
wrth 8 key goals. Adopted by BURR rn May, endorsed by City Council.
Expenses
Consultants Transportation $5,000
Staff BURR (700 hours) $21,465
Planning (1,204 hours) $38,008
Transportation (320 hours) $16,000
Engineering (30 hours) $4,500
Env. Affarrs (50 hours) $1,255
Matenals. $500
Subtota11998 $86, 728
1999
Macench Pursues Protect
Mrnor modtficatron approved summer, 1999 Macench pursues retailers. City does
flood mrttgarion study
Expenses
Consultant:
Flood Mtrigatton
$19,000
Staff•
Subtota11999
2000
BURR (300 hours)
$11,268
$30,268
Macench Withdraws Plan /Both Sides "Re-Group"
Expenses
Staff.
BURR (350 hours)
$13,668
2
Travel to Macench Offices•
$2,500
Subtota12000 $16,168
2001
Crossroads 101
Crty pursues new involvement in the site's future Initiates new involvement with
Crossroads 101, a community information meeting
Exnenses
Consultant Facilitator $525
Staff BURR (55 hours) $1,650
Equrpment Rental $250
Crossroads Framework Plan
Conceptual plan to r]lustrate redevelopment goals for the site, to carry out Consortium
goals and BURR consensus points. Approved by BURR and Crty Council
Expenses
Consultants
Urban Design $80,958
Real Estate/Financral $73,323
Contamination (Target site) $11,800
Appraisal $16,500
Transportation $2,870
Staff.
Travel to Macerich Offices•
$2,000
Crossroads Area Blight Survey
Initial step to determine if area would qualify as an urban renewal distnct Urban
renewal designation would enable property acgwsition and TIF strategies
Expenses
Consultants• Blight Survey $18,251
Legal $6,405
BURR (680 hours) $26,650
Planning (73 hours) $3,369
Transportation (40 hours) $4,000
Utrlities (30 hours) $1,225
Staff BURA(3lhours) $1,241
Subtotal 2001
2002
$251, 017
Negotiations With Macench
Malor negotiations for apublic/pnvate partnership for the site conducted from January to
September. City had five-member negotiating team.
Expenses
Consultants. Real Estate/Financial $182,161
Urban Design $35,793
Staff. BURR (1,080 hours) $42,250
Planning (16 hours) $784
Subtota12002 $260, 988
2003
Solicitatron of Appraiser
Search and selection of appraiser.
Expenses
Consultant: Legal $15,846
Staff. BURR (57 hours) $2,337
Subtota12003 (Through June) $18,183
Staff Expenses Reported in the Aggregate: 1998 - 2003
Office of the City Attorney 970 hours $68,617
City Manager 830 hours $63,080
Public Affairs $10,400
Housmg/Human Services $6,000
Aggregate Staff Expense Subtotal $148,097
Grand Total 1998-2003 $811,450
cc BURR Board of Commissioners
RU[iNAdmm/WIP7-2-03
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