Oakland Global TIGER III Presentation


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  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • August 29-30, 2011
  • Oakland Global TIGER III Presentation

    1. 1. Oakland Global A Project of National Significance to Transform the Former Oakland Army Base into a World Class Intermodal Trade & Logistics Center The Case for Federal Government Participation via TIGER III & Reauthorization
    2. 2. The Public/Private Partnership <ul><ul><li>Public: </li></ul></ul><ul><ul><ul><li>Port of Oakland: 5 th highest volume U.S. container seaport and only U.S. West Coast container port that exports more than it imports </li></ul></ul></ul><ul><ul><ul><li>City of Oakland: Top Ten California city with trade and logistics as main industry, but unemployment at 16.5% </li></ul></ul></ul><ul><ul><li>Private: </li></ul></ul><ul><ul><ul><li>Prologis: The world’s leading owner, operator, and developer of industrial real estate, particularly in the trade and logistics sector. </li></ul></ul></ul><ul><ul><ul><li>California Capital & Investment Group: A leading California development company with over two decades of development experience in Oakland </li></ul></ul></ul>
    3. 3. The Geographic Context <ul><li>Local: 330 acres in the heart of the Port of Oakland between the base of the Bay Bridge on the North, the neighborhood of West Oakland on the east, Port of Oakland Outer Harbor to the west, and existing UP and BNSF rail yards to the south </li></ul><ul><li>Mega Regional: The only international container trade gateway for the Northern California Mega Region stretching from Bakersfield in the south to the Oregon border in the north, and from Reno in the east to the Bay Area in the west </li></ul><ul><li>National: The 3 rd highest volume international trade gateway on the U.S. West Coast and leading U.S. export gateway </li></ul>
    4. 4. The Overview of Project Elements <ul><li>1. Intermodal Railyard: </li></ul><ul><ul><li>Provides significant additional and enhanced intermodal capacity to handle export/import trade faster and at lower cost, ensuring more competitive American exports abroad and more economical imports at home </li></ul></ul><ul><ul><li>Reduces harmful emissions, congestion, wear and tear, and safety impacts from truck traffic on local roads, regional, and national highways by moving more cargo by rail, and improved design to eliminate in-yard switching </li></ul></ul><ul><li>2. 7th Street Grade Separation: </li></ul><ul><ul><li>Elevates 7 th Street above the rail lines, connecting the proposed intermodal terminal to existing railyards and eliminating onerous grade-crossing delays and safety hazards at the main freeway access point to the seaport </li></ul></ul><ul><ul><li>Improves clearances and safety for trucks, bicycles and pedestrians through the seaport complex </li></ul></ul><ul><ul><li>Creates access improvements for bicycles and pedestrians to and from Middle Harbor Shoreline Park </li></ul></ul>These two components are complementary and form the public infrastructure backbone of the project.
    5. 5. The Overview of Project Elements <ul><li>3. Improved Marine Terminal Connections: </li></ul><ul><ul><li>Expands capacity for intermodal cargo and expedites transfer of containers to the intermodal railyard and trade and logistics facilities </li></ul></ul><ul><ul><li>Utilizes state-of-the-art, high-density “green” electric-powered container handling equipment to increase efficiencies and cargo throughput </li></ul></ul><ul><li>4. Warehousing & Logistics Facilities: </li></ul><ul><ul><li>Creates new industrial space for cargo storage, more efficient rail-truck-container transfer, consolidation/de-consolidation, and value-added services for retail </li></ul></ul><ul><ul><li>Improves local job opportunities in the warehouse and distribution sectors </li></ul></ul>These two components represent the vertical, private sector-led developments, that involve common public infrastructure and environmental improvements required for the entire site.
    6. 6. The Benefits of Oakland Global <ul><li>Jobs Creation & Near-Term Economic Benefits: </li></ul><ul><ul><ul><li>Oakland & the SF Bay Area: </li></ul></ul></ul><ul><ul><ul><ul><li>Generates an additional 12,000 one-time construction jobs in a region with an 11% overall unemployment and 16%+ unemployment in immediately adjacent communities </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Sustains and contributes to growing the more than 28,000 jobs generated by Port of Oakland maritime activity </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Provides tax increment to help the surrounding redevelopment area </li></ul></ul></ul></ul><ul><ul><ul><li>Central Valley & Nor Cal Mega Region: </li></ul></ul></ul><ul><ul><ul><ul><li>Supports over 20,000 agricultural and food processing jobs in the Central Valley of California, in cities with the highest unemployment in the state </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Maintains the competitiveness of the ONLY container trade gateway for the entire region </li></ul></ul></ul></ul><ul><ul><ul><li>Federal, State, and Local Taxes and Revenue: </li></ul></ul></ul><ul><ul><ul><ul><li>Supports the generation of $233.3 million in state and local taxes </li></ul></ul></ul></ul><ul><ul><ul><ul><li>Over $40 million in Harbor Maintenance Tax revenues and millions more in customs revenue </li></ul></ul></ul></ul>
    7. 7. The Benefits of Oakland Global (cont’d) <ul><li>Long-term Outcomes: </li></ul><ul><ul><li>State of Good Repair: </li></ul></ul><ul><ul><ul><li>Leverages existing rail capacity and connections into one of 16 strategic ports of national significance and along the Central Corridor transcontinental route between Northern California and the Midwest </li></ul></ul></ul><ul><ul><ul><li>Leverages over $500 million invested 50/50 by federal and local governments, public and private sectors over 10 years in dredging and maintaining -50 ft channels – Oakland is only of only five -50ft waterways in the country </li></ul></ul></ul><ul><ul><ul><li>Ensures the viability of the ONLY major container port for the entire Northern California Mega Region </li></ul></ul></ul><ul><ul><li>Economic Competitiveness: </li></ul></ul><ul><ul><ul><li>Enhances the primary gateway to and from world markets for the Central Valley of California, especially fruits, nuts, wine and grain exporters </li></ul></ul></ul><ul><ul><ul><li>Expands and streamlines cargo-handling and distribution capacity and provides more service options for U.S. shippers seeking access to foreign markets </li></ul></ul></ul><ul><ul><ul><li>Increases market access for medium and small businesses </li></ul></ul></ul><ul><ul><ul><li>Speeds product delivery to inland metropolitan centers throughout the U.S. </li></ul></ul></ul>
    8. 8. The Benefits of Oakland Global (cont’d) <ul><li>Long-term Outcomes (cont’d) : </li></ul><ul><ul><li>Livability: </li></ul></ul><ul><ul><ul><li>Offers needed jobs and training to a West Oakland community that has 16%+ unemployment </li></ul></ul></ul><ul><ul><ul><li>Reduces truck traffic and neighborhood truck parking that impacts West Oakland </li></ul></ul></ul><ul><ul><ul><li>Facilitates access to a major shoreline park in the middle of the Port </li></ul></ul></ul><ul><ul><li>Environmental Sustainability: </li></ul></ul><ul><ul><ul><li>Reduces over 140,000 truck trips per year by facilitating the local transloading of goods at the port as opposed to at inland distribution centers </li></ul></ul></ul><ul><ul><ul><li>Ensures balanced distribution of cargo to prevent excessive bottlenecks and impacts in already severely impacted areas, particularly Southern California </li></ul></ul></ul><ul><ul><ul><li>Implements industry leading green principles in its building and operations </li></ul></ul></ul><ul><ul><li>Safety: </li></ul></ul><ul><ul><ul><li>Reduces traffic hazards caused by an at grade crossing in the middle of the Port that stifles commerce and leads to accidents and injuries </li></ul></ul></ul>
    9. 9. The Benefits of Oakland Global (cont’d) <ul><li>Innovation & Partnership: </li></ul><ul><ul><li>Innovation : </li></ul></ul><ul><ul><ul><li>Leverages the only freight trade corridor-focused bond funding program of any state in the U.S. </li></ul></ul></ul><ul><ul><ul><li>Utilizes up to 18 different sources of funding, including New Market Tax Credits and possibly TIFIA or another infrastructure bank financing mechanism </li></ul></ul></ul><ul><ul><ul><li>Involves permitting and environmental approvals from at least 28 different agencies </li></ul></ul></ul><ul><ul><li>Partnership: </li></ul></ul><ul><ul><ul><li>Collaborative planning and funding partnership between the State of California, the Metropolitan Transportation Commission, City of Oakland, Port of Oakland, and private sector partners California Capital & Investment Group, Industrial Railways Company, and ProLogis </li></ul></ul></ul><ul><ul><ul><li>The public/private partnership represents the only way that the Port of Oakland will be able to make necessary investments to sustain and grow its jobs and economic impact </li></ul></ul></ul>
    10. 10. The 5 Top Benefits of Oakland Global <ul><li>JOBS: Sustains and creates a total of 40,000 jobs, including 12,000 new jobs, primarily in some of the most economically impacted areas and communities in the country </li></ul><ul><li>EXPORTS: Increases American exports, especially from economically distressed agricultural areas </li></ul><ul><li>EMISSISIONS REDUCTIONS: Reduces 140,000 annual truck trips, cleaning and greening one of the nation’s top trade gateways, and allowing it to grow and continue serving the national goods movement system </li></ul><ul><li>LEVERAGING NEW INVESTMENT: Leverages $550 million in state, local, and private investment in a strategic trade gateway </li></ul><ul><li>PROTECTING PAST INVESTMENT: Protects billions in local, state, federal, public, and private investment in rail connections, distribution centers, and deep navigation channels </li></ul>
    11. 11. The Federal Government Says it Best Sec. Vilsack: “the Port of Oakland is vital” Commerce Undersecretary Sanchez: “the Port of Oakland is an essential partner for growing U.S. exports abroad and creating jobs at home” Sec. LaHood: “Oakland is a significant economic driver for California and the Northwest region”
    12. 12. The Proposed Federal Partnership <ul><ul><li>TIGER III: </li></ul></ul><ul><ul><ul><li>The City of Oakland received a $1.5 million TIGER II Planning Grant that it has leveraged over 10 to one to move this project forward. </li></ul></ul></ul><ul><ul><ul><li>The Port of Oakland received $8 million from a TIGER I Capital Grant with other regional ports and leveraged this 10 to 1 to install shore power infrastructure to develop a “green” marine highway for agricultural exports from the Central Valley. </li></ul></ul></ul><ul><ul><ul><li>The Port, with the support of the City, will be seeking a TIGER III grant to develop the first phase of the overall Oakland Global project, possibly in conjunction with TIFIA. </li></ul></ul></ul><ul><ul><li>TIFIA: </li></ul></ul><ul><ul><ul><li>Given that this is a goods movement project with on-going revenue streams and other potential pricing mechanisms, there is a possibility that the Port/City/Developer team will pursue TIFIA and/or other infrastructure bank and low-interest financing strategies. </li></ul></ul></ul><ul><ul><li>Reauthorization: </li></ul></ul><ul><ul><ul><li>The Port is aligned with the U.S. West Coast Collaboration in advocating for a comprehensive freight program with dedicated and direct funding of ports and projects of national significance such as Oakland Global. </li></ul></ul></ul>We have alignment and $550 million in funding locally, regionally, statewide, and from public and private sectors – we are now seeking a greater partnership with the federal government for this nationally important project.
    13. 13. The Time is NOW for Oakland Global!!! <ul><ul><li>International Competition Demands Action NOW : Canada and Mexico are making investments NOW and the Panama Canal is opening in 2014. </li></ul></ul><ul><ul><li>Matching Funds Require Action NOW : $242 million in state funds requires starting by December 31, 2013. </li></ul></ul><ul><ul><li>American Exporters Need Better Gateways NOW : The U.S. needs to make the Port of Oakland trade corridor more competitive for Central Valley exporters to support the National Export Initiative. </li></ul></ul><ul><ul><li>The Port Needs Better Connections NOW : The Port needs better intermodal connections to leverage its billions of dollars in existing land-water infrastructure. </li></ul></ul><ul><ul><li>People Need Jobs NOW : California, Oakland, and the local communities around the Port need jobs. </li></ul></ul>
    14. 14. <ul><li>Thank you! </li></ul><ul><li>Questions? </li></ul><ul><li>Stay Connected with the Port of Oakland - Your Port, Your Partner - www.portofoakland.com </li></ul>