MLK JR MEMORIAL LIBRARY

AGENDA
John Hill, President of the Library Board of Trustees

Ginnie Cooper, Chief Librarian, DC Public Library Introduction/Brief Overview

Presentations (65 Minutes) Susan Kent and June Garcia Central Libraries Today and Tomorrow The Freelon Group Martin Luther King Jr. Memorial Library a Mies Van Der Rohe building Jair Lynch Development Partners Cost and possible other locations

Questions from the Board

Public Comments (30 Minutes)

What is a Library?

Five Key Issues for the Central Library of the Future

Collections
physical and virtual

Technology
and its impact on services and operations

Library Users

Library Staff
creative and innovative

Welcoming and Inspiring Design

The Central Librarya place to Explore Connect Participate Create

Explore

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Connect

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Connect

Participate

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Participate

Create

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Future Central Libraries

AARHUS | Denmark

AARHUS | Denmark

AARHUS | Denmark

Helsinki Competition

MLK JR MEMORIAL LIBRARY

Existing Conditions
Opportunities:
Central Location A c c e s s To T r a n s p o r t a t i o n Space

Designed Flexibility
Visual Transparency Iconic Architecture

Existing Conditions
Challenges:
Code Deficiencies Accessibility Compliance Deferred Maintenance

Aging Systems
Energy Performance Fragmented Interior Iconic Architecture

Existing Conditions
Iconic Legacies

Existing Conditions
Landmark Designation

Existing Conditions
Spatial Principles: Sightlines

Existing Conditions
Spatial Principles: Modular Objects

Existing Conditions
Height Limitations

33 77 11 0

Existing Conditions
Structural Capacity

FUTURE 4 3 2 1 B1 B2

Program
B l o c k i n g & S t a c k i n g + Te n a n t F l o o r s

(A)

(B)

(C)

(D)

Program
Parking Modernization

1 0 0 Ve h i c l e s

4 7 5 Ve h i c l e s

Exterior Massing
Extended Mies Design

Exterior Massing
Studies

Exterior Massing
Te n a n t E n t r y

Exterior Massing
Loggia Cafe

Exterior Massing
Aerial View

Exterior Massing
Aerial View

Te n a n t E n t r y

Loggia Cafe

Concept
Knowledge Network

Concept
Knowledge Network

Concept
Crossroads

Concept
Crossroads

Concept Diagrams
Scenario A
6

B1-B2

Concept Diagrams
Scenario A

Concept Diagrams
Scenario A

Concept Diagrams
Scenario A

Concept Diagrams
Scenario A

Concept Diagrams
Scenario A

Concept Diagrams
Scenario B
6

B1-B2

Concept Diagrams
Scenario B

Concept Diagrams
Scenario B

Concept Diagrams
Scenario B

Concept Diagrams
Scenario B

Concept Diagrams
Scenario B

MLK as a 21st Century Library

Great Hall

MLK as a 21st Century Library

Childrens Hub

MLK as a 21st Century Library

Reading Room

MLK as a 21st Century Library

Exterior Massing

MLK Diagram
Stay and Do Only Needed Repairs and Modifications (No Additional Floors)
4

Library Space

Parking level

MLK Financial Analysis

Stay and Do Only Needed Repairs and Modifications (No Additional Floors)
Existing Building Conceptual Average Budget $5 - $10MM per year P r e s e n t Va l u e o f 3 0 - y e a r s o f R e n o v a t i o n $ 1 2 5 - $ 1 7 5 M M Considerations
All building systems are original (40+ years old)

Requires continual (30-yr) commitment of Capital budget

* Based conceptual includes Hard costs and Soft costs (FF+E, Interim location costs, Financing, Legal, etc.)

MLK Diagram
Full Renovation Costs 4 Story Library
(No Additional Floors and No Library on A + B Level)
Library Space

Below Grade Levels

MLK Financial Analysis

Full Renovation Costs 4 Story Library (No Additional Floors and No Library on A + B Level)
Essentially New Library in Mies building Conceptual Budget - $175 - $250MM* based upon the FREELON Conceptual Plans Considerations
Historic Building, including portions of the interior

May require an increase of the Districts Debt Cap

Requires Cost for an Interim Location
* Based conceptual includes Hard costs and Soft costs (FF+E, Interim location costs, Financing, Legal, etc.)

MLK Financial Analysis

Comparison
Full Renovation Stay and Do Only Needed Repairs and Modifications

D e b t S e r v i c e p e r Ye a r $9MM to $13MM

Capital Budget per Ye a r $5MM to $10MM

MLK Financial Analysis

Real Estate / Finance Options to Offset Costs

1. 2. 3. 4. 5.

U s e H i s t o r i c Ta x C r e d i t s U s e N e w M a r k e t s Ta x C r e d i t s S e l l U n u s e d FA R + T D R s Sell MLK and Purchase Land for New Building Lease Parking Facility to Private Operator

MLK Financial Analysis

H i s t o r i c Ta x C r e d i t s

- Project is Eligible - C o u l d Yi e l d $ 2 5 - $ 3 0 M M i n f u n d i n g * - M u s t b e c o u p l e d w i t h Ta x A b a t e m e n t L e g i s l a t i o n

* HTC financing assumptions would need to be studied further if DCPL chose to proceed with this option.

MLK Financial Analysis

N e w M a r k e t s Ta x C r e d i t s

- Project is Eligible - C o u l d Yi e l d $ 2 5 - $ 3 0 M M i n f u n d i n g * - M u s t s o l v e t h e B u t F o r Te s t

* NMTC financing assumptions would need to be studied further if DCPL chose to proceed with this option.

MLK Financial Analysis

S e l l U n u s e d B u i l d a b l e E n v e l o p e FA R a n d Tr a n s f e r D e n s i t y R i g h t s T D R s

- C o u l d Y i e l d $ 1 6 t o $ 1 8 M M * f o r B u i l d a b l e FA R of 104,000 SF - C o u l d Yi e l d $ 3 t o $ 4 . 5 M M * f o r t h e s a l e o f u p t o 303,000 SF of TDRs - B u i l d a b l e FA R w o u l d r e q u i r e a c a p i t a l investment of $1 - $2MM to support the new

office space Entry / Lobby / Elevator core and

utility requirements
*FAR Estimate of $160 to $175 / SF; TDR Estimate of $15 / SF

MLK Financial Analysis

Sell MLK and Move to New Site

- Library will build a brand new facility of 200,000 to 225,000 SF* - S a l e o f M L K c o u l d Yi e l d $ 7 5 t o $ 9 0 M M * *

* Estimated Purchase Price would be $150 / SF ** Estimated sales price consists of: 1) $250 to $300 / SF (As Is Condition) for 4 floors plus garage levels 2) Buildable FAR of 104,000 SF @ $150/SF for Floors 5+6 No structural modifications to building 3) Buildable FAR of 104,000 SF @ $84/SF for Floors 7+8 - Includes structural modifications to building 4) Remaining Transfer Density Rights TDRs of approximately 103,000 SF @ $15/SF

MLK Financial Analysis

Lease Parking Facility to Private Operator

- Shift Risk to Private Operator - C o u l d Yi e l d $ 5 0 0 k - $ 1 M M i n A n n u a l L e a s e Payment for 194 spaces on levels A and B* - Parking Facility would need to accommodate a Parking Operator with a cost of $1 - $2MM to strengthen Level A, provide ramps to Level A, new mechanical, etc.

* Further study of this potential revenue would be needed should DCPL move forward with this option.

Now

Inspiration | Leadership | Conversation

Q+A