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Oakland Unified School District Downtown Project

Oakland Unified School District Downtown Project. REDUCE DISTRICT DEBT, FREE UP RESOURCES FOR ACADEMIC PROGRAMS. Presentation Outline . Overview of the Downtown Project What are the Community Directives? What are the Key Project Objectives? School Locations:

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Oakland Unified School District Downtown Project

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

  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 rebuilt on the Downtown Property • MetWest will be rebuilt on the Downtown Property • Dewey to relocate to a District site • Child Development Centers to remain on site or at Laney College • Economic Benefits – Free Up Resources for Education • City Approval Process Downtown Project Community Meeting 8/16/06

  3. PUBLIC COMMENTCOMMUNITY DIRECTIVES No school closed. Downtown Project Community Meeting 8/16/06

  4. REBUILD LA ESCUELITA ON DOWNTOWN SITE • La Escuelita will be built as a new and expanded facility. • Measure A funds have been reserved. • District will lease land on project site for $1 per year. Downtown Project Community Meeting 8/16/06

  5. PERMANENT HOME FOR METWEST DOWNTOWN • A new permanent campus for MetWest will be built on the project site or co-located with Laney College. • District will lease land on project site for $1 per year. • Measure A funds reserved for La Escuelita can support construction of MetWest. Downtown Project Community Meeting 8/16/06

  6. OTHER SCHOOL FACILITIES • Dewey High School will relocate. • Child Development Centers will be relocated on the Downtown site or co-located with Laney College Early Childhood Education Program. Downtown Project Community Meeting 8/16/06

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

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

  9. WHEN WILL THE SCHOOLS BE BUILT? • The schools will be built as part of the first phase of construction of the new development. Downtown Project Community Meeting 8/16/06

  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

  11. THE DOWNTOWN PROJECT WILL FOLLOW THE CITY OF OAKLAND’S COMMUNITY APPROVAL PROCESS • The developer is required to complete the City Council’s public entitlement approval process. • If less than 1000 units are entitled by the City, there will be no property sale, according to the terms set forth in the Letter of Intent. Downtown Project Community Meeting 8/16/06

  12. ESTIMATED NET INCOME FROM PROPOSED SALE • Option 1 - Purchase new administrative complex and relocate Dewey –$13,175,000 • Option 2 – Lease new administrative complex and relocate Dewey - $9,975,000 + ongoing lease cost. * • Option 3 – Relocate administrative complex to inactive school site with short term lease - $25,215,000 * • Net sale income $35 Million to $50 Million • Plus $10 Million income stream over long term. *Lease of space requires ongoing expense Downtown Project Community Meeting 8/16/06

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