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Economic Development Training Class
Real Estate Development and Reuse
This Course is held in partnership with the Greater Oklahoma City Partnership.
Date: June 3-4, 2010
Location: Oklahoma City, OK
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“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
June 3 |
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. |
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June 4 |
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 |
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* 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
Michael E. Bird
Vice President, Project Management
Pizzuti Solutions
 Mike brings 30-plus years of experience in the development, design and construction industry to his role as Vice President of Project Management. Mike’s project list includes sports facilities, higher education, judicial, commercial office, high rise office, residential, health care, not-for-profits, industrial and retail. He has been extensively involved in a number of public/private partnerships throughout the United States, and has worked in Mexico and Canada on major corporate accounts.
Mike offers extensive experience in completing large-scale projects, such as Cleveland’s Gateway project which includes Jacobs Field and Gund Arena. He has also served as Project Executive in an Owner’s Representative role for such notable projects as the new $105 million courthouse complex for Franklin County, Ohio, and a $145 million plant for Mead Johnson Nutritional Group. His wide-ranging project list also includes a 2,000-bed student housing project for the California Polytechnic State University, the Nanotechnology Center Research Building for the Georgia Institute of Technology and the Crawford Long Hospital and Medical Office Building in Atlanta.
Mike’s professional affiliations include the Urban Land Institute (ULI); CoreNet; the Society for College and University Planning (SCUP); International Council of Shopping Centers (ICSC); and the Construction Management Association of America (CMAA). He is a Distinguished Alumnus from the University of Cincinnati, and is a graduate of the Dow Leadership Program.
James S. Russell, CEcD
Executive Vice President
The Pizzuti Companies
 Jim leads the Pizzuti Solutions team, a division dedicated to public/private partnerships. Pizzuti Solutions’ current project list includes a new $105 million courthouse for Franklin County, Ohio; a new training facility and soccer complex for Major League Soccer’s Columbus Crew; and a site and economic impact analysis and construction phasing plan for a proposed new city hall in Las Vegas, Nevada.
Jim brings an in-depth understanding of the economic development process combined with a practical experience in strategic planning and development to his clients. His creativity and broad background in government have coupled to make Jim a valuable team member in the development process, particularly in recognizing and crafting public/private partnerships.
Jim was awarded the designation as a Certified Economic Developer in 1996 by the International Economic Development Council.
His professional affiliations include the American Planning Association (APA); Florida Redevelopment Association; National Association of Industrial and Office Properties (NAIOP); and the Ohio Economic Development Association.
Accommodations/Training Location
Renaissance Oklahoma City Convention Center Hotel
10 North Broadway Avenue
Oklahoma City, OK 73102
Phone: (405) 228-8000
Hotel website
IEDC room rate: $149 single/double
Cut-off date: Monday, May 3, 2010
Please reference the International Economic Development Council to obtain the discounted group rate. The group rate is available until Monday, May 3, 2010 or until the room block is full. After the cutoff date, registration rates will be subject to availability and prevailing rates.
Registration
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By April 22 |
April 23 - May 20 |
*After May 20 |
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IEDC Member |
$425 |
$525 |
$565 |
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Non-member |
$525 |
$625 |
$665 |
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*Walk-in registrations will be accepted. Full payment must be made on-site in order to attend the course.
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Individual paying by credit card: Click this button if you are registering as an individual IEDC member or nonmember and paying by credit card. |
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Group or partner paying by credit card: Click this button if you are paying by credit card and registering a group or as a partner with a promo code. |
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Individual, group, or partner paying by check or purchase order: Click this button to download a form (PDF) if you are paying by check or purchase order, whether you are an IEDC member, nonmember, partner, or group. Form must be faxed or mailed in and accompanied by payment. |
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