Riverfront Project Presentation City Council Committee of the Whole, July 9, 2014

1946 Riverfront Initiative

Troy Bike Trails

Local Impact

According to one study, 698 bikers were counted during a 14 hour study of trail users on Dye Mill Road (near ConAgra) in 2013.

Regional Impact MVRPC trail studies have concluded there is approximately

$13.5 million economic benefit to our region.

Marina Investment by City City Investment Year Cost Roof Replacement 1999 $63,000 Architectural Designs 2003 $15,000 Construction Drawings 2004 $57,000 Extensive Exterior Work 2004 $152,000 Interior Upgrades 2004 $21,000 Roof Study 2008 $500 Roof Work 2008 $8,937 Exterior Concrete Work 2008 $6,200 Harbor De-silting 2009 $24,999 Irrigation Fountain 2009 $1,829 Interior Plumbing & Electrical 2009 $24,210 Two Garage Doors 2009 $1,750 Paint Exterior Handrails 2009 $400 Island LED Lighting 2009 $13,000 Marina Area Signage 2009 $3,124 Marina Feasibility Study 2009 $20,000 Dock Gates 2009 $695 Treasure Island Gateway 2010 $9,850 Marina HVAC 2010 $48,980 Garage Area Deck Repairs 2011 $13,555 Marina Kitchen Plumbing 2012 $8,829 Concrete Structural Repairs 2013 $31,000 Treasure Island Bridge Foundation Repairs 2013 $3,500

Total $529,358

Public/Private Investor Investment Year Cost

Troy Foundation Investment Treasure Island Gateway 2010 $22,805

Eagles Investment (estimated value) Land for Gateway 2010 $600 ITW / Hobart Brothers Investment (estimated value) Five Acre Tract 2012 $20,000

Private Construction Contractors Investment Morgan Ditch Bridge 2012 $24,000

ODNR Division of Watercraft Restrooms 2014 $85,000 Troy Foundation Investment Lighthouse 2014 $80,000 State of Ohio Riverfront 2014 $150,000

Total $382,405

Public/Private Marina Investment

400

125 100

625

0

100

200

300

400

500

600

700

Demolition Site Restoration Environmental Total

Cost

($1,0

00)

Demolition Cost Estimate

River Corridor Projects in Motion

“deliver vital public and military engineering services; partnering in peace and war to strengthen our nation’s security, energize the economy and reduce risks from disasters”

Army Corps of Engineers Mission

Riverfront Recommendations Treasure Island Consultants

Project Component Est. $ Notes Marina Renovation 1.0 M Does not include future bridge/bike trail

connection to Duke Park and possible closure of inlet

TI Park Development 1.8 M Does not include $150,000 for parking lot expansion, to be state grant funded

Total $2.8 M

Project Component Est. $ Notes I: Short-term 4.6 M IA: Short-term Plus 1.3 M II: Long-term 4.3 M Net of second ice sheet

IIA: Second Ice Sheet 4.1 M Does not include costs to relocate Park Maintenance operations

III: CIP Maintenance 0.7 M Total $15.0 M

Riverfront Recommendations Hobart Arena Consultants

Opt.

Description

Bond Amount

Annual D/S

GF Balance After 5th Year

I Fund of all recommendations

$17.8 M $1.14 M ($0.62 M)

II Funding of all TI Recommendations & I, IA, and more at Arena

$10 M $.64 M $1.88 M

III Funding of all TI Recommendations & I & IA at Arena

$8.7 M $.56 M $2.29 M

Riverfront Financing Scenarios