 |
Economic Development Training Class
Real Estate Development and Reuse
Date: December 10-11, 2009
Location: Lansing, MI
Please note: This class is conducted in partnership with the
Michigan Economic Developers Association. For information on fees,
accommodations, the agenda, and speakers - and to register online for this class
- visit their website.
|
“Well-spoken, well prepared lecturers, and interesting topics (very
relevant to the entire group). I would recommend this class to many of my
colleagues.” | This course provides an overview
of the real estate development and reuse process, with an emphasis on the role
of the economic developer. Typically, the economic developer works to balance
the dynamic between the profit orientation of the private developer and the
public objective to be met by the real estate project. Learn about the various
financing tools that are available at the local, regional and state level,
including tax increment financing, bond financing, land assembly and brownfield
redevelopment.
Course Highlights:
- Market and site analysis
- The regulatory and approval process
- Understanding project pro formas
- Assessing political feasibility
- Local and federal tools for redevelopment
- Soliciting developers
December 10 |
|
8:30 - 9:00 am |
Registration |
|
9:00 - 10:00 am |
Overview of Real Estate Development & Reuse
During this
session, attendees will be introduced to the basics of real estate development
and reuse. The various types of development will be discussed, including
build-to-suit, speculative, greenfield and redevelopment. Participants will be
introduced to development process and the roles of the private and public sector
and non-profits in real estate development. Expectations and objectives will be
set for the next two days and attendees will be given the opportunity to
introduce themselves to the class. |
|
10:00 - 10:30 am |
Market and Site Analysis
In this session, participants will learn
about two key aspects of development feasibility: market and site analysis.
Taking place before a development project is underway, these studies help
determine whether a project is a “go” or “no-go.” Participants will look at the
various assumptions and inputs that make up a market analysis. The session will
also examine how site features and constraints can affect a development
project. |
|
10:30 - 10:45 am |
Break |
|
10:45 - 11:15 am |
Market and Site Analysis (cont.) |
|
11:15 am - Noon |
Regulatory and Approval Process
Economic developers are often
called upon to facilitate or expedite the public approval process. This session
will explore the public sector’s regulatory role in land development, focusing
on zoning, subdivision and other regulatory constraints and hurdles.
|
|
Noon - 1:30 pm |
Lunch on your own |
|
1:30 - 3:30 pm |
Financial Feasibility*
This session continues the morning
feasibility session with an in-depth look at how to analyze the financial
feasibility of a development project. Specifically, participants will learn
about the various elements of an operating pro forma, including calculating net
operating income and cash flow. Participants will also look at debt and equity
financing, as well as how to evaluate a project’s return to the investor(s).
This session will be very interactive, with participants applying these tools to
an actual case study.
*Participants are asked to bring a calculator to this session. |
|
3:30 - 3:45 pm |
Break |
|
3:45 - 4:30 pm |
Political Feasibility and Community Involvement
While a proposed
project may meet market and financial tests, it is not truly feasible unless it
has political and community support. In this session, participants will tackle
how to assess political support, involve the community and promote the project’s
value to stakeholders. |
|
December 11 |
|
9:00 - 10:15 am |
Federal and Local Financing
This session provides an overview of
federal and local development financing. Federal programs such as CDBG, SBA and
tax credits will be reviewed. Local financing will include tax abatements, bond
financing, tax increment financing, special improvement districts and the
provision of public infrastructure. In this session, participants will gauge the
strengths and weaknesses of these various mechanisms. |
|
10:15 - 10:30 am |
Break |
|
10:30 am - Noon |
Interactive Case Study
In this session, participants will split
into groups to tackle a real life development challenge. Drawing on your
knowledge from previous sessions, you will determine how a city should respond
to a proposed development deal. |
|
Noon - 1:30 pm |
Lunch on your own |
|
1:30 - 2:15 pm |
Local Tools for Development
This session will continue the
discussion on tools available to local jurisdictions to undertake development.
This session will focus specifically on redevelopment areas, land assembly,
sale-leasebacks and density bonuses. |
|
2:15 - 3:00 pm |
Brownfields Redevelopment
Land contamination, whether real or
perceived, is a major reason many properties are not being put to their highest
and best use. During this session attendees will be introduced to brownfields
assessment and regulation and various programs and incentives for brownfields
redevelopment. |
|
3:00 - 3:15 pm |
Break |
|
3:15 - 4:15 pm |
Developer Solicitation, Selection and Agreements
This session
provides an in-depth look at developer Request for Proposals (RFP). Participants
will discuss proposal evaluation, negotiations and the development and
disposition agreement. |
|
4:15 - 4:30 pm |
Course Evaluation |
|
|
* Agenda subject to change |
|
**PLEASE NOTE: In order to receive full IEDC certification credit for
this course and a certificate indicating course completion, participants must
attend the entire course and stay through the final session on the last day.
Please make travel plans accordingly.** |
Instructors
Robbin G. Millard
President
Robbin G. Millard L.L.C.
 Rob Millard’s
primary expertise in economic development and real estate development for the
last 15 years was in eminent domain land assemblage projects for the City of
Detroit through the public-private partnership Detroit Economic Growth
Corporation. During these years he played a primary role in downtown,
residential, and industrial assemblages of approximately 3,000 parcels. These
assemblages resulted in new stadia, new single family housing along Detroit’s
riverfront, millions of dollars of investment, and jobs.
In addition, such Detroit landmark projects as the Detroit Opera House
restoration, the Gem Theatre relocation and the Hudson Building demolition bear
his know-how.
Mr. Millard honed his skills in the management of national real estate equity
and mortgage portfolios on behalf of individuals, estates, trusts, and pension
systems. During the oil crash, of the 1980’s, and the Savings and Loan collapse,
of the 1990’s, he gained comprehensive experience in bankruptcies, foreclosures,
and workouts.
In 1984, Mr. Millard volunteered as a business and retention surveyor in
Livonia, Michigan. This was his start in economic development. To this day he
serves as Westland Michigan’s Brownfield Chairperson. In more than 20 years of
service to his community he has chaired Westland’s Economic Development Advisory
and Community Development Block Grant Advisory commissions.
Internationally, Mr. Millard has been host to numerous business entrepreneurs
through the U.S. State Department’s International Visitor Council. Mr. Millard
has also been the principal speaker at development conferences in Bulgaria and
Russia.
Robin Scott Hunden
President
Hunden Strategic Partners
 Mr. Hunden and
his firm offer extensive experience in the economics of major real estate
projects. Mr. Hunden has provided expertise for over 200 projects including
Toronto’s Woodbine Live!, the Kansas City Power & Light District, 4th Street
Live! (Louisville), the Indianapolis Downtown Marriott, Chicago’s Union Station
redevelopment, the New Yorker Hotel, Conseco Fieldhouse, Fort Worth Omni, and
numerous convention hotels, convention centers and mixed-use districts. Prior to
starting HSP in 2006, he served as Vice President of Johnson Consulting in
Chicago. There, he led specialized work on hotels, conference centers, sports,
urban entertainment-retail districts and convention centers. Previously, he
conducted real estate finance and transactions at Landauer Associates and Grubb
& Ellis. His public-sector experience includes managing projects for the
Indianapolis Bond Bank and the Indianapolis Mayor’s Office, including the 1999
Indiana Convention Center expansion, the RCA Dome expansion, and Conseco
Fieldhouse financial development. He has written articles on convention hotel
development and taught college-level Destination Development courses. He also
sits on advisory board for DePaul’s School of Hospitality.
Mr. Hunden is a member of the International Society of Hospitality
Consultants (ISHC), ULI, IEDC, IDA, ICMA, IAAM and GFOA. He has conducted IEDC
panel discussions and taught numerous professional development courses for IEDC.
He has also spoken at the Greek Conference on Tourism and the Bond Buyer’s
“Tourism as Economic Development” conference.
Mark A. Wyckoff, FAICP
Director,
Planning & Zoning Center at Michigan State University
Mark Wyckoff is a community planner with 34 years experience and a Fellow of the American Institute of Certified Planners. He received his Master's Degree in Urban Planning from Michigan State University and his Bachelor's Degree from the University of Michigan. Early in his career he worked for the State of Michigan and the Tri-County Regional Planning Commission, in Lansing. Mark formed the Planning & Zoning Center, Inc. and launched its flagship product, Planning & Zoning News (PZN) a monthly magazine, in 1982 (now entering its 27th year and he is still its editor). Wyckoff was an assistant professor in the School of Urban Planning and Landscape Architecture at Michigan State University in the mid 1980’s and was a visiting assistant professor in the MSU Department of Resource Development from 1993-1999. In February 2006, he and his associate John Warbach reinvented the Planning & Zoning Center at MSU where they are now professors and Wyckoff is director of the center. Wyckoff is also Senior Associate Director of the Land Policy Institute at MSU. Mark Wyckoff is widely considered an expert on Michigan land use and planning law.
Wyckoff has designed and implemented planning, zoning, economic development and contemporary issue-oriented research projects on a wide range of topics and has authored dozens of publications based on them. He has conducted hundreds of training programs for thousands of people within Michigan in the last 30 years. Most recently he has led the application of regional strategic growth principles in the development and adoption of an Asset-Based Economic Development Plan for the Greater Lansing Region. This 870 page, four volume report is the template for other regional economic development plans that will be prepared in Michigan over the next year.
Training Location / Accommodations
Training Location:
Thomas M. Cooley Law School
Cooley Temple
Conference Center
217 South Capitol Avenue
Lansing Michigan 48901
Email: avery.john@medaweb.org
Phone: (517) 241-0011
Accomodations:
Radisson Hotel Lansing
111 North Grand Avenue
Lansing, MI 48933
Phone: (517) 482-0188 or (800) 333-3333
Hotel
website
The Radisson Hotel Lansing is within walking distance (0.3 miles) to the
Cooley Temple Conference Center.
Hotel rate: $116 single/double
Cut-off date: Monday, November 9, 2009
Registration
|
|
By Oct 30 |
Oct 31 - Nov 25 |
*After Nov 25 |
|
|
IEDC Member |
$425 |
$525 |
$565 |
|
|
Non-member |
$525 |
$625 |
$665 |
|
*Walk-in registrations will be accepted. Full
payment must be made on-site in order to attend the course.
To register, please visit http://medaweb.org/398524.ihtml.
|
|
