UW Bothell + Cascadia College Campus Master Plan Update

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Lynette Cooper
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1 STANDING COMMITTEES F 8 Finance and Asset Management Committee UW Bothell + Cascadia College Campus Master Plan Update INFORMATION ITEM This item is for information only. BACKGROUND In June of 2016, the UW Bothell and Cascadia College began a Campus Master Plan update with the intent of establishing a new campus zone within the City of Bothell s comprehensive plan and land use code. The master plan will address future growth of the co-located campus including: future development sites, parking, campus infrastructure, campus housing, future acquisition goals and connections to downtown Bothell. In addition, the campus will conduct an Environmental Impact Statement on the campus master plan. The Campus Master Plan (CMP) is a jointly sponsored endeavor by the UW Bothell and Cascadia College in collaboration with the City of Bothell. The development of the CMP is being guided by a Core Working Group and an Executive Committee managed by Capital Planning & Development, Office of the University Architect s office. The CMP is envisioned as a 20-year plan, forecasting a combined student FTE of 10,000 (6,000 UW Bothell / 4,000 Cascadia College). Based on benchmark data for GSF/FTE, the campus will be requesting a growth allowance of 1.1 million net new GSF over the life of the plan and an additional 1,900 parking stalls. The Campus Master Plan, once approved by the UW Board of Regents, Cascadia College Board of Trustees, and the Bothell City Council, will be incorporated into a Development Agreement with the City of Bothell. The Development Agreement (DA) will establish the standards and authorizations for future development on campus. The schedule for completion of the CMP and all approvals is anticipated in late summer/early fall FUTURE ACTIONS UW Bothell and Cascadia College Campus Master Plan Approval July 2017 Attachment Campus Master Plan 2017 University of Washington Bothell & Cascadia College F 8/203-17

2 ATTACHMENT 1 Page 1 of 10

3 Campus Master Plan Key Issues 1. Establish new land use regulations that entitle an amount of growth with maximum flexibility and do so with transparency to and participation of neighbors and City of Bothell 2. Test options for siting anticipated and future facilities efficiently while improving campus character and functionality 3. Tests options for financial feasibility, campus capacity and enrolled student FTEs 4. Presumes adding a classroom building for each institution, a corp yard, parking structure, and eventually housing and dining, as funding allows 5. Reflects current and future shared facilities such as an expanded library, corp yard, and parking 6. Anticipates possible transit center in partnership with City of Bothell, King County Metro, Community Transit, Sound Transit, and private developer 2 Page 2 of 10

4 Master Schedule 3 Page 3 of 10

5 Existing Site & EIS/CMP Development Parameters Within an Identified Development Site Within Campus Square Footage Limits Maximum GSF: Academic + Residential Within Campus Parking Limits Parking Capacity 4 Page 4 of 10

on campus (84%) GSF/FTE ratio: 246,146 GSF 2,842 FTE 2,387 FTE 103 UWB/Cascadia combined On Campus area Off

6 Existing Academic GSF/FTE UW Bothell On Campus area Off Campus area subtotal Fall 2016 enrollment GSF/FTE ratio 437,334 GSF 46,137 GSF 483,471 GSF 5,375 FTE 90 Cascadia College On Campus Area Fall 2016 enrollment est. on campus (84%) GSF/FTE ratio: 246,146 GSF 2,842 FTE 2,387 FTE 103 UWB/Cascadia combined On Campus area Off Campus area subtotal Fall 2016 enrollment GSF/FTE ratio 683,480 GSF 46,137 GSF 729,617 GSF 7,762 FTE 94 5 Page 5 of 10

Academic Development Target (GSF / FTE) Academic Space Summary Cascadia College UW Bothell Existing Conditions (Fall 2016 enrollment) GSF on campus off campus Combined 483,471 437,334 46,137 246,146

7 Academic Development Target (GSF / FTE) Academic Space Summary Cascadia College UW Bothell Existing Conditions (Fall 2016 enrollment) GSF on campus off campus Combined 483, ,334 46, , , , ,480 46,137 5, , , ,375 2,387 7,762 GSF 806, ,050 1,164,300 Net additional GSF (on campus) 368, , ,820 6,000 4,000 10,000 GSF 900, ,000 1,500,000 Net additional GSF (on campus) 462, , ,520 93, , ,700 FTE GSF/FTE Decompression + Co location FTE GSF/FTE (per benchmark) 10,000 FTE (6,000 UWB/4,000 CC) FTE GSF/FTE (per benchmark) Net add'l for 10,000 FTE 6 Page 6 of 10

8 Residential GSF + Beds UW Bothell (Existing) On Campus Off Campus area subtotal UW Bothell (Potential) 10% FTE (600 Beds) 20% FTE (1,200 Beds) Area 74,152 GSF 16,200 GSF 90,352 GSF Campus View Apartments Beds Gross Area Net New 165,000 GSF 330,000 GSF 90,800 GSF 255,800 GSF Husky Village Proposed GSF Summary Net New GSF Proposed Academic Housing 10% beds 20% beds 816,500 GSF 90,800 GSF 907,300 GSF 816,500 GSF 255,800 GSF 1,072,300 GSF 1,500,000 GSF 165,000 GSF 1,665,000 GSF 1,500,000 GSF 330,000 GSF 1,880,000 GSF Total GSF Proposed Academic Housing 7 Page 7 of 10

9 Known Capital Projects Summary & Financial Assessment Project UWB-4 CC-4 Student Housing & Dining Corporation Yard Structured Parking Subtotal Academic 78,700 GSF 56,600 GSF 28,400 GSF 10,000 GSF Decompression Need Remaining need 480,800 GSF 307,100 GSF 10,000 FTE need Remaining need 816,500 GSF 642,800 GSF 173,700 GSF Housing Parking 96,000 GSF 96,000 GSF 700 stalls 700 stalls 255,800 GSF 159,800 GSF 1,928 stalls 1,228 stalls Financial Assessment Goal Analyze the financial viability of projects at UW Bothell, including: 1. Identifying the sources of repayment 2. Identifying potential risks and pitfalls associated with each project financing and repayment 3. Help inform decision makers about timing and affordability of projects. Budget $ 75.0 M $ 34.0 M $ 45.0 M $ 4.3 M $ 29.4 M $187.6 M Steps include 1. Create multi-year financial proformas for each potential borrowing unit. Proformas include debt service and equity contributions for the project under consideration 2. Review key assumptions for reasonableness and consistency 8 Page 8 of 10

10 Parking PREVIOUS PLANNING ASSUMPTIONS (1995) 4,200-6,600 total stalls CURRENT SUPPLY 2,272 stalls (south of Beardslee) ANTICIPATED NEED (85% UTILIZATION) 3,715 stalls (net add of 1,443) SUGGESTED EIS CAP 4,200 stalls (net add of 1,928) 9 Page 9 of 10

11 Development Scenarios Institutional Identity Net New GSF Proposed Academic Housing Develop the Core 10% beds 816,500 GSF 90,800 GSF 907,300 GSF 20% beds 816,500 GSF 255,800 GSF 1,072,300 GSF Grow Along Topography 10 Page 10 of 10

Approve Student Housing Rental Rates and Student Housing Parking Permit Rates at UW Bothell

Approve Student Housing Rental Rates and Student Housing Parking Permit Rates at UW Bothell F 9 Permit Rates at UW Bothell RECOMMENDED ACTION It is the recommendation of the Administration and the Finance and Asset Management Committee that the Board of Regents approve the proposed 2018 19 student