Presentation by McEagle Properties on New Opportunities for NorthSide Saint Louis.

LifeWorks Concept

PLAY

LIVE

LifeWorks by investing, creating and sustaining: Community connections Diverse and integrated communities
PRAY

LifeWorks
WORK (JOBS)

LEARN

Present Conditions Of the NorthSide

Redevelopment Plan Area

I-70

Total Approx. Area 1,500 acres

Total Approx Parcel Area 1,100 acres

Total # of Parcels 4609 parcels

Total Approx. Area Bottle District 17 acres

Historic Density of the Urban Area

1903

Current Density of the Urban Area

2003

Pruitt-Igoe Designed in 1951 by architect Minoru Yamasaki completed 1956 City planned two partitions: Pruitt for black residents, and Igoe for whites. Segregation ruled unconstitutional 1954 Supreme Court Case - project was opened as racially integrated that same year, within two years, most white residents had found the means to relocate. 33 11-story buildings on 57 acres bounded by Cass Avenue, N. Jefferson Avenue, MLK Drive and N. 20th Street. The complex totaled 2,870 apartments, "skip-stop" elevators (which stopped only at the first, fourth, seventh, and tenth floors in an attempt to lessen congestion), turned out to be major facilitators of crime.

concentrated poverty in pruitt-igoe

1956

pruitt-igoe twenty years later

pruitt-igoe today

The Vision

principals for a livable city

Fifth Ward Project Goals (2000)

Provide Strong Vital Community Create Self Supportive Town

Right Brain Focus Group Study

Secure Sustainable

Preserve Existing Fabric

Transportation as a Resource Clean, Beautiful Community Education / Training Options

Respectful
Connective

Beautiful
Supportive

Fifth Ward Project Goals (2000)

Provide Strong Vital Community Create Self Supportive Town Preserve Existing Fabric Transportation as a Resource Clean, Beautiful Community Education / Training Options

principles for a livable city

Education

Right Brain Focus Group Study

Secure Sustainable Respectful Connective Beautiful Supportive

Heritage Transit Network

Healthy Community

Leadership
Smart Energy

Green Framework

Economic Development

economic development

education

smart energy

transit network

green framework

healthy community

heritage

Indicators
Median household income based on 2000 census (AMI)

Existing
NorthSide
St Louis City National

Goal

Target

$10,491
$33,156 $44,994

Increase Income

$42,000

NorthSide Unemployment rate

St Louis City National

39.2%
14.7% 9.0%

Reduce unemployment rate

5%

% of population living below the poverty level

NorthSide
St Louis City National

55.1%
4.8% 9.2%

Decrease poverty rate

5%

# of minority and womenowned businesses

NorthSide
St Louis City National

5%
10% 15%

Exceed highest state goal

25% MBE 5% WBE

1 Source: 2

2000 U.S. Census Data Source: U.S. Department of Labor Statistics March 2009

Bring Significant New Jobs

create employment centers & major neighborhood service centers

economic development

education

smart energy

transit network

green framework

healthy community

heritage

Indicators
High School Dropout Rate

Existing
NorthSide
St Louis City National
unknown

Goal
Encourage school participation in community activities

Objective

18.7% 9.3%

5%

% of 5-14 yr olds enrolled in school

NorthSide

63.9%

Increase school enrollment

90%

% of population with a high school degree (25 yrs & over)

NorthSide
St Louis City National

30.4%
71.3% 80.4%

Increase high school graduation rate

90%

% of population with a college degree (25 yrs & over)

NorthSide
St Louis City National

3.4%
11.5% 15.5%

Increase higher education enrollment

15%

1 Source: 2

2000 U.S. Census Data Source: U.S. Department of Education, National Center for Education Statistics. (2008). The Condition of Education 2008 (NCES 2008-031), Indicator 23.

provide a variety of public and private education opportunities for all ages by rehabilitating existing schools and building new schools and job education

economic development

education

smart energy

transit network

green framework

healthy community

heritage

Indicators
Cost of energy per household per year

Existing
NorthSide $1,200
St Louis City $1,500 National $1,810

Goal
Maintain low energy costs

Target
$1,200
(inflation adjusted)

Cost of electricity ($/kWh) and cost of natural gas ($/ thousand cu. ft)

NorthSide
St Louis City National

needs major help $.0586/$7.28 see spreadsheet

$.0586/$7.28 $.1003/$7.93

Maintain low energy costs

$.0586/kWh and $7.28/thou cu. ft

(inflation adjusted)

Lbs CO2/kWh of delivered electricity

NorthSide

1.92

St Louis City 1.92 National 0.68

Decrease carbon emissions associated with electricity distribution

Average # of power outages per household or business

NorthSide

unknown

St Louis City 3 National 1-2

Reduce power outages

.01

(4) 4 6 MW CCHP Network

50 % Residential on small scale CHP or District Heating

5 MW Ground / River Heat Rejection

5 MW Total Solar and Wind

20 MW of on-site generation from waste

economic development

education

smart energy

transit network

green framework

healthy community

heritage

Indicators
% of homes within a 15 minute walk to mass transit

Existing
NorthSide
St Louis City National

Goal

Objective

55%
40% 20%

Increase transit options

100%

% of jobs within a 7-10 minute walk to mass transit

NorthSide
St Louis City National

2%
10% 15%

Increase # of jobs close transit

80%

% of residents able walk to work

NorthSide
St Louis City National

4.5%
4.0% 2.9%

Increase walkability

15%

1 Source: 2

U.S. Bureau of Labor Statistics Source: 2000 U.S. Census Data faor Zip Code 63106

Pedestrian Friendly Streetscape

Designated Bike Paths

Energy Efficient Light Rail

Metro Rail

Integrated Bus Service

INDICATORS

ECONOMIC DIVERSITY

SOCIAL EQUITY

HEALTHY ENVIRONMENT

regeneration opportunities

Actions Completed Since 2003 to the Present

NorthSide St Louis

redevelopment focus areas

job creation and neighborhood centers

Project Area A
I-64 and 22nd St. Interchange

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

Project Area A
I-64 and 22nd St. Interchange

Development Yields: Office: 2,100,000 gsf Retail: 278,000 gsf Residential: 270 units

Project Area A
I-64 and 22nd St. Interchange

Project Area B
I-70 and Mississippi River Bridge

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

Project Area B
I-70 and Mississippi River Bridge

Mississippi River Bridge

Opening Still Scheduled for February 2014

As of March 2013

Tucker Improvements

Year Start: Project Value: Jobs Created:

2010-2012 $41,000,000 1,000

As of May 11, 2012

Project Area B
I-70 and Mississippi River Bridge
Development Yields: Office: 1,000,000 gsf Retail: 258,000 gsf Residential: 720 units Service: 152,000 gsf Hotel: 120 rooms

Project Area B
I-70 and Mississippi River Bridge

Project Area C

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

Project Area C

Development Yields: Office: 136,000 gsf Retail: 330,000 gsf Residential: 300 units Service: none Hotel: 120 rooms

Project Area C
Retail Development

Project Area D
Parnell & Jefferson

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

Project Area D
Parnell & Jefferson

Development Yields: Office: 122,000 gsf Retail: 124,000 gsf Residential: 300 units Service: 545,000 gsf Medical: 120,000 gsf

Project Area D
STAR District

Project Area BD Bottle District

I-70

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

housing types / precedents

Housing Types

St. Louis Area Examples

Housing Types Creative Class

Residential
Phase I - 2013

PHASE I

NorthSide Regeneration
Redevelopment Concept

NorthSide Regeneration
Redevelopment Concept

Total development yields 4.5 million gsf of office + business 2.0 million gsf of retail 6,000 residential units

NorthSide Regeneration
Private Investment

PROJECT ASSET VALUE UPON COMPLETION: $8,058,162,648

EMPLOYMENT Construction Jobs Permanent Jobs Annual Payroll TAXES Real Estate Personal Property Earnings & Payroll Sales Taxes Utility Taxes TOTAL

43,379 21,670 $976,850,000

Assumptions 4.5 million gsf of office + business 2.0 million gsf of retail 6,000 residential units 240 hotel rooms

$43,267,553 $9,691,932 $14,652,750 $27,133,987 $4,463,550 $99,209,772

The Future When TIF is Released

NorthSide Essential City Incentives

LRA Property Transfer Pruitt-Igoe Environmental Clean-Up TIF

NorthSide St Louis
DEVELOPER
SLDC

NorthSide St Louis

TIF Application

Base Tax Uneffected; New tax retires bonds

Redevelopment Project Areas

NorthSide St Louis

C A

B
BD

RPA A B C D BD

START 2010 2010 2014 2012 2012

END 2024 2024 2030 2030 2030

TIF RPA Summary of Costs by RPA

NorthSide St Louis

TIF Phasing Summary of Costs by Phase

NorthSide St Louis

TIF Phasing Summary of Costs Phase One Water

NorthSide St Louis

Phase One Phase Two Phase

TIF Phasing Summary of Costs Phase One Streets

NorthSide St Louis

Phase One Phase Two Phase

design a safe transportation system that encourages walking, biking, mass transit and connects residential, commercial and retail areas

NorthSide Essential State Incentives

New Market Tax Credits Quality Job Tax Credits Manufacturing Jobs Tax Credits Historic Preservation Tax Credits Neighborhood Preservation Tax Credits DALATC Brownfield Tax Credits

Demolition / Environmental Cleanup

I-70

I-64
259 57

Year Start: Project Value: Jobs Created:

2012 $38,000,000 300

Demolition / Environmental Cleanup

Where Will The Job Growth Develop

Job Creation Strategy

Technology Water Education

Healthcare

Energy

People

Industrial

WATER

FOOD

ENERGY

St. Louis is the largest Port on the Mississippi serving the Mississippi, Missouri and Illinois River watersheds. These watersheds cover 12 states and the major agricultural heartland of North America

SECTORS
INDUSTRIES
COMPANIES

WUMC SLUMC BJC Healthcare Biomeriuex

Sigma Aldrich Express Scripts

Academic Research Health Science Industry Research

Covidien Solutia Millipore Pfizer

Monsanto Danforth Plant Science Center MoBot Novus Solae Genetics

LIFE SCIENCE PLANT / ANIMAL SCIENCE

PROCESSED FOOD & DISTRIBUTION Water-based Drinks Grain-based Foods Milk-based Products

Breeding

CROPS LAND RIVERS

Corn Cattle Hogs Poultry

NCGA Conegra Bunge ADM NSYBA Cargill World Ag Forum Cattle Hogs Poultry

Anheuser Busch Nestle General Mills

Land O Lakes Quaker Oats

Kraft Sara Lee

Dot Foods Riceland RalCorp

Peabody Coal Arch Coal Aquial

R.E. Pedrotti Smith & Loveless

Wind Coal Sun

Alt Power MAAPS JMS Solar Alberici HOK EnergyPro TeraVista

Biomass Gas Water

Photovoltaic Installation Wind Inst. Finance Mechanical engineers Architects General Contractors

GREEN LABOR BASE

Wind Turbines Anaerobic Digesters Photovoltaics Solar Hot CONVERSION Water TECHNOLOGY Gas Reciprocating Engines Microturbines Combined Cycle FUNDAMENTAL Turbines RESEARCH Smart Metering

NATURAL RESOURCES

Motorola Affinity Wind Wind Capital Confluence Solar Alt Power Zoltek Aura DCSI InterGlobal

Algae Smart Grid Lighting Carbon Capture

I-CARES Bioenergy Research Initiative Center for Energy Research

Solar Conversion Turbines Batteries

Center for Clean Coal McDonnell Douglas

Diewman Well Drilling

Rivers Rain Ground Water

Aquiala Solids Dewatering

Water Purification Water Distribution Dewatering

NATURAL RESOURCES GREEN LABOR BASE

DEMAND END-USES

Portable Treatment Distribution

American Water Smith & Loveless

TREATMENT & DISTRIB

Smart Metering Waterwater Pump Mfg.

R.E. Pedrotti
Raven Environtl

Diewman Well Drilling

Water-Based Drinks Industrial Processes

Anheuser Busch Nestle

General Mills

The Ask: Facts:

1. The Vision is valid as well as supported by the people of the NorthSide 2. McEagle/NSR have met all commitments and have invested over $80M since 2003 3. Continued to purchase land over last 2 years while defending the State and City lawsuits on the credits and TIF

The Ask:

Facts: cont.

4. In a poor banking environment and a poor economy, McEagle continued to invest in:
a. NorthSide b. Completed $350M in new development at NorthPark while creating 5,500 jobs c. Started $5M of site work in fall of 2011 in Shiloh, IL retail center d. Sold over $10M in WingHaven plus leased 65,000 SF and added 200 new jobs

ASK:
Due to the recession and the lawsuit delays, NSR/McEagle asks for a time extension on the DALATC which sunsets presently in 2013