Senior Housing or Alternative P3 Project

Texas A&M University – San Antonio

Texas A&M – San Antonio• 10 Year Anniversary this year – 2019

• Among fastest growing universities in Texas• From 2015-2018, enrollment has grown by 45.5%

• Fall 2018: 6,640• Projected by Fall 2022: 10,000+

Key needs

• Grow Academic Programs• Enhance on-campus Student Engagement & Student Life• Launch a catalyst for research• Strengthen A&M System in San Antonio• Create Community Centers

Federal Opportunity Zone Legislation

• Create P3 projects, that:• Support the University’s strategic plan • Attract institutional investment Funds

Opportunity Zones Texas A&M-SA (700 acres)

Opportunity Zones• 2017 U.S. Tax Reform

• Opportunity Zone designations• Incentive for taxpayer investment-some with tax free income • Qualified Opportunity Fund (QOF)

• Capital Gains recognized on or before Dec 31, 2019• Deferred through Dec 31, 2026, tax liability reduced by 15%

• Capital Gains recognized on or before Dec 31, 2021• Deferred through Dec 31, 2026, tax liability reduced by 10%

• If Capital Gains held in fund for more that 10 years, no taxes on new capital gains

Why QOFs are important• Incentives for real-estate development

• Verano property north of the campus is still undeveloped• The campus has been described as “in a desert”• Few services available locally

• Catalyst for private investment in the campus, but limited shelf life• Impetus for development of housing, dining, recreation, athletic, and

service needs at an accelerated pace• Research infrastructure enabler

The A&M–SA Campus Original Footprint

Original Campus with Verano Development

A&M-SA Campus Today

The A&M–SA Campus Master DesignJaguar

Parkway

P3 Projects• Senior Housing or Alternative

• Goal is to build community in an area that has very little • City research shows large senior population that would live in senior-focused housing on

Southside if safe, secure, and affordable • We are interested in active living seniors• Should include academic space for interaction with University academic community

• A&M-SA has researchers focused on elderly active living

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TAMUSA CAMPUS PLANJaguar Prkwy

Academic / Admin Building, Phase 1(Under construction)

CAMPUS: 2019

EsperanzaHall

TAMUSA CAMPUS PLAN

Domestic Water

SENIOR HOUSING INFRASTRUCTURE REQUIREMENTS

10.0 Acres

13.0 Acres

39.0 Acres

Gas Line

1. Extend Jaguar Parkway East to railroad tracks (above in pale blue)

2. Build new road to East, South and West of development (above in purple)

3. Extend domestic water, sanitary sewer, natural gas and electric to site (to be verified by developer)

Jaguar Parkway

Sanitary SewerElectrical

Natural Gas