Independent Review of Studies by HVS Consulting Link
Presentation of Benchmark Projections: concerns about assumptions in Dauffenbach's report
1. Rogers' presentation to the University North Park TIF #2 Oversight Committee Slides
Community Study Session materials. Community members held an information and discussion session on 6/5/18
1. My slides provide an overview of the questions that the UNP Arena-entertainment district studies have addressed. (Link to slides)
2. Greg Jungman, Norman Resident and former Ward 4 city council member, discusses the risks associated with the UNP project. (link to slides)
3. Prof. Cindy Simon Rosenthal's comments about TIF policy and procedures. (link to slides)
Presentations and Reports associated with the proposed UNP North Arena Entertainment District.
1. RTKL Mast plan outlines how the North and the rest of the South UNP area could be developed. There are two parts, a 29 page power point slide show (link to slides) and a spreadsheet which served the basis of Dauffenbach's projections. (Done for City and OU Foundation )
2. Convention Sports & Leisure conducted a feasibility study (link to slides) to see if an arena would be financially sustainable, assuming a $90 million subsidy. (paid for by OU Foundation)
3. Dr. Robert Dauffenbach used a spreadsheet to project sales and advalorem taxes that might be generated IN the University North Park area. (Link to report) (prepared at request of OU Foundation)
4. I reviewed Dauffenbach's projections, and provided projections using different input assumptions, including the possibility of cannibalization. My benchmark projections show how small changes in assumptions and focus can lead to big difference in projected budget impact. (Link to my report) (prepared by request of City Council member Castleberry as a service to the community)
I have provided a spreadsheet file which makes it easy to make projections with different input assumptions. There is a separate spreadsheet for each tax component. Change the input values in RED and see the projections in BLUE. (Link to Excel file)
5. Emily Pomeroy at the Center for Economic Development Law serves as a TIF lawyer for the City of Norman. She has assisted in putting together a funding plan such that the earning that go to the UNP TIF fund should be adequate to cover public financing costs. She has offered her professional opinion regarding the potential economic benefits of the proposed project. (Link to letter)
For historical perspective:
Dr. Lex Holmes' projections for the original University North Park area development (now referred to as UNP south). (Link to Holmes' report)
