Cities Index.
PowerPoint Presentation

Burbank City Council
September 13, 2022

Document
PowerPoint Presentation
Meeting
September 13, 2022
Body
Burbank City Council
Original file
3.3 MB
Text extracted from the city's file for reading and search. Open the original on burbank.granicus.com. That file is the official record.

Update on Burbank
Civic Center Plans
Presentation to City Council
September 13, 2022

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Overview
• Why a Burbank Civic Center?
• Alignment with Council goals
• Project overview
• Project feasibility
• P3 model, financing, housing
• Planning alignment, next steps, and timeline

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A transformative opportunity to meet
City Council goals and community needs
while building a thriving downtown
neighborhood in a sustainable and
fiscally responsible way.

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The Burbank Civic Center P3

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Alignment with Council Goals

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City Services
Quality of Life
SustainabilityInfrastructure
Economic Development
Housing/Homelessness

Project Overview

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• d

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Orange Grove
Olive
Third
Glenoaks

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Feasibility Analysis

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• Balance of needs: public assets, housing
• Fit with Burbank and downtown neighborhood
• Attractive project for development partner
• Applicability of P3 delivery model
• Short- and long-term financial implications
• Alignment with Downtown Burbank Plan
Why P3?

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Estimated Project Costs
In 2022 dollars

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Funding Sources

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Housing Considerations

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Planning Alignment
• Housing Element
• Downtown Burbank TOD Specific Plan
• Surplus Land Act
• Downtown parking strategy

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Conclusion
Staff recommends City Council

1. Review conceptual plans for the redevelopment of
the Burbank Civic Center using a public-private
partnership (P3) delivery model and provide input
to staff; and

2. Direct staff to establish a reserve account and
transfer $10 million from the Fund 534 fund balance
for matching funds for project-related grants.

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