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<br />bbpc <br /> <br />ASSOCIATES <br /> <br />GREENBRIER llF DISTRICT MASTER PLAN STUDY <br />City of Chesapeake, Virginia <br /> <br /> <br /> <br />Client City of Chesapeake, VA <br /> <br />Project Overview: <br />. Master Plan StudyforTIF District <br />. Retail, Hotel, Residential, and Office DevelopmentServices <br />. Tax Increment Financing (TIF) Assignments <br />. Evaluation of ExistingTIF Land Use and Rnancial Strategies <br /> <br />. <br /> <br />GREENBRIER <br /> <br />As part of a multidisplinary consulting team, assisting in the preparation of a Master Plan Study for the <br />Greenbrier Tax Increment Finance (TIF) District. The Greenbrier TlF District comprises more than <br />2,500 acres and is the largest mixed use district in Hampton Roads with more than 2,000 hotel rooms, <br />2.8 million square feet of office, 8.2 million square feet of logisticslcommercial space, 3 million square <br />feet of retail, 2 regulation ice rinks and a 58,000 square foot conference center. <br /> <br />The purpose of this Master Plan is to prioritize capital improvements projects to best leverage the <br />spending of public dollars to maximize private investment and ensure the vitality and longevity of the <br />district as a tax generation engine for the City. As part of this study, providing market assessment of <br />the Greenbrier TIF District; evaluating existing TlF land use assumptions and financial strategies and <br />outlining real estate development opportunities and constraints within the TIF District. Market testing <br />master plan alternatives and assessing the market support of these alternatives. Preparing a financing <br />plan for the TIF District which included funding analysis, multi-year cash flow analysis and developer <br />solicitation approaches. <br /> <br />Basile Baumann Prost Cole & Associates, Inc. <br /> <br />Public/Private Development Advisors <br />