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Innovation Village Update from the Nov.14, 2007 BOT meeting

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Innovation Village Update from the Nov.14, 2007 BOT meeting

VIII. Innovation Village Update

Trustee Tripp introduced Mr. David Kian to give the Innovation Village update. Mr. Kian announced that there is an ongoing website that will be dedicated to Innovation Village located at www.fau.edu/innovationvillage.

There will be constant updates of all facets of the development of all of the components of Innovation Village to include program developments, timelines, and links to public announcements. Once construction begins there will be a live webcam out on the construction site that will give daily shots of the progress on the projects. The website will also contain artist renderings. The website will discuss the recreation, residence, and retail component of Innovation Village.

The University Housing office has been working with the Facilities Office to develop the program for the request for proposal (RFP) for the architectural engineers on the first stage of housing. The residential facilities will be located on the northeast side of FAUís Boca Raton Campus. The first stage will be 600 beds in 2009 and the second stage will include 600 beds in 2010. Depending on FAUís ability to fill the first 1200 beds in the first two years, there will be a third stage of 300-600 beds in 2011-2012.

The program that is currently in place (in draft form) is estimating the budget to be in the upwards of $40 million for the first stage and capping at approximately $50 million. The administration expects to the program to be completed with necessary authorizations by the end of November (?), which will allow for the public advertising by mid-December. The program contains the necessary timelines for design, construction etc. and will be linked on the webpage.

The formal construction program for the retail component of Innovation Village has not begun. It will be done in conjunction with the housing and recreation component. Since the BOTís authorizations the preliminary sketches has been expanded with two different artist renderings that are available on the webpage. The retail aspect is being integrated, architecturally, to create a seamless creation with the residential components and the athletic components. There will be a minimum of 60,000 square footage of retail space. The retail aspect will be service support retail for FAU.

There are several new renderings of the stadium that are more specific to FAUís Boca Raton campus. Based on the University of Central Florida and other universitiesí stadiums, it was apparent FAU could target a design and construction cost of $62 million and produce a stadium of approximately 32,000 seating capacity. The projections on the stadium structure are now in the refining process.

There will be an incorporation of the retail aspect, residential aspects, and other aspects of campus life in the stadium (i.e., student activities, band program). The RFPís for the architectural engineer will be added to the webpage in January.

Mr. Kian discussed the financing aspect of Innovation Village. The administration has been working to integrate the sales of the stadium with the sponsorship of the stadium components. The combination will form benchmarks which will include philanthropic support and debt support. The more that is generated through sales, sponsorship, and philanthropy, the less is incurred in debt. The administration has taken the financial figures from the Proforma developed with Johnson Consulting, to identify levels of need that needs to be attained through sales of premium seating, sales of various sponsorships, and philanthropic support. A marketing campaign is being developed that will enable achievement of the levels financial income. Mr.Kian discussed the naming opportunities and premium seating opportunities that are available.


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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

OK, thats what all those links were for that someone, owlcountry?, posted on Teds blog the other day. I copy and pasted a few from there to this board.

Its great that we will be kept up to date with the progress. Bytor could possibly include the link on the "Blog & Links" site.

I REALLY would hope to see the stadium be up in 2009. I know we discussed the possiblity of this but I do think not having anything more than a run down high school stadium for a home field is hurting FAU, regardless of the success of this season.

FAU - THE REAL SLEEPING GIANT
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

Why are these documents written in such cryptic language?

There will be an incorporation of the retail aspect, residential aspects, and other aspects of campus life in the stadium (i.e., student activities, band program). The RFPís for the architectural engineer will be added to the webpage in January.

What does this mean?
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

BMarkey said

Why are these documents written in such cryptic language?

There will be an incorporation of the retail aspect, residential aspects, and other aspects of campus life in the stadium (i.e., student activities, band program). The RFPís for the architectural engineer will be added to the webpage in January.

What does this mean?


Who knows why they are so confusing. Let me try and translate:

Stores, dorms, and student life stuff will be incorporated into the stadium. (How? Maybe in buildings under the bleachers from looking at the pics, but who knows.) The request for proposals (RFP's: A number of architectural engineers submit proposals on how they would build it, how much it would cost, and how long it would take etc., then the university chooses one) from architects will be added in January.

Hope that helps.
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

Lago said

The request for proposals (RFP's: A number of architectural engineers submit proposals on how they would build it, how much it would cost, and how long it would take etc., then the university choses one) from architects will be added in January.†

meaning cheapest price wins.


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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

This might actually be a good time to build the stadium cheaper then it was a while back, especially if things continue the way they are in construction.† Some builders are slow & looking for work, if that is the case we could actually benefit from this when we get the funding in place.† Not saying that we could save a ton, but the price could actually stabalize instead on climbing every year.
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

Bytor said

This might actually be a good time to build the stadium cheaper then it was a while back, especially if things continue the way they are in construction.† Some builders are slow & looking for work, if that is the case we could actually benefit from this when we get the funding in place.† Not saying that we could save a ton, but the price could actually stabalize instead on climbing every year.


Unfortunately, steel isn't getting any cheaper.

Like things, love people.
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

wood is though, we should build a wooden stadium with lego's in the endzones.
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

Exit39 said

wood is though, we should build a wooden stadium with lego's in the endzones.

Maybe Ted Hutton's wife can do it. She is pretty crafty in building opponent's mascots. IE the Trojan Horse. She usually gets them done in about a week. So we could have it for the coming season.
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Re: Innovation Village Update from the Nov.14, 2007 BOT meeting

Lago said

Exit39 said

wood is though, we should build a wooden stadium with lego's in the endzones.

Maybe Ted Hutton's wife can do it. She is pretty crafty in building opponent's mascots. IE the Trojan Horse. She usually gets them done in about a week. So we could have it for the coming season.

Haha mad props to CTWW! You should post that on his blog, gotta give love to CTWW

My two favorite teams are FAU, and who ever is beating FIU!
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