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BROAD HOLLOW BIOSCIENCE PARK

Located on the Farmingdale State College campus. BROAD HOLLOW BIOSCIENCE PARK. Broad Hollow Bioscience Park. April 2008. CORPORATION. June 1999 – NYS Legislation for 20 acres Bioscience Park July 1999 – BHBP corporation formed and 30 year Operating Agreement signed by BHBP & SUCF.

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BROAD HOLLOW BIOSCIENCE PARK

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  1. Located on the Farmingdale State College campus BROAD HOLLOW BIOSCIENCE PARK Broad Hollow Bioscience Park April 2008

  2. CORPORATION • June 1999 – NYS Legislation for 20 acres Bioscience Park • July 1999 – BHBP corporation formed and 30 year Operating Agreement signed by BHBP & SUCF Broad Hollow Bioscience Park April 2008

  3. CORPORATION • Tax-exempt corporation • Controlled by 2 member organizations • Cold Spring Harbor Laboratory • Farmingdale State College • The Research Foundation of SUNY Broad Hollow Bioscience Park April 2008

  4. LOCATIONS CSHL FSC Suffolk Nassau B-Q L o n g I s l a n d Broad Hollow Bioscience Park April 2008

  5. CONCEPTUAL ISSUES • BHBP 30-year Operating Agreement • State funded the building construction • State owns the facilities • State owns the land • BHBP subject to state laws • Lease agreements, State is the landlord • Fit-out work, interior changes • Can take months for approvals Broad Hollow Bioscience Park April 2008

  6. CONCEPTUAL ISSUES • Changing Operating Agreement and / or pass Legislation • BHBP can sign lease agreements • BHBP can perform required work to meet tenant needs • Land lease option? Broad Hollow Bioscience Park April 2008

  7. KEY DATES • September 2000 Building I partially opened • 10,000 s.f. of 50,000 s.f. facility • Sept 2000 to June 2002 • Facility expanded from 50,000 s.f. to 63,500 s.f. • OSI Pharmaceuticals became anchor tenant Broad Hollow Bioscience Park April 2008

  8. KEY DATES • June 2002 • OSI anchor tenant in 53,500 s.f. • Two companies in 10,000 s.f • State investment of $22.5 million Broad Hollow Bioscience Park April 2008

  9. KEY DATES • Dec 2004 – Building II • Shell construction Nov ‘06 • Mar - April 2008 fit-out • 43,000 s.f. • $20 million • $3.4 million provided by BHBP Broad Hollow Bioscience Park April 2008

  10. GOING FORWARD • Third facility for critical mass • Incorporate program into master plan of local townships • Bridge Manhattan activity to Long Island • Eventually link SUNY SB into corridor of development • Foster opportunities for converging technologies Broad Hollow Bioscience Park April 2008

  11. LOCATIONS SB CSHL FSC Suffolk Nassau B-Q L o n g I s l a n d Broad Hollow Bioscience Park April 2008

  12. LOCATIONS SB CSHL FSC BNL NS-LIJ Suffolk B-Q Nassau DS L o n g I s l a n d Broad Hollow Bioscience Park April 2008

  13. CT NY NJ LOCATIONS Suffolk Queens Nassau LONG ISLAND MANHATTAN Broad Hollow Bioscience Park April 2008

  14. INDUSTRY FOUNDATION • Over 10 world-renowned research institutions in NYC to LI area • 800,000 s.f. of research space being developed as East River Science Park Broad Hollow Bioscience Park April 2008

  15. CT Cold Spring Harbor Laboratory NY Suffolk NJ FSC Queens Nassau LONG ISLAND LOCATIONS MANHATTAN Broad Hollow Bioscience Park April 2008

  16. PLAN • East River Science Park • Lease rates estimated to be ~$70 • Company expansion options • CSHL has started 15 companies Broad Hollow Bioscience Park April 2008

  17. 110 Bioscience Corridor • Lease rate of one-half Manhattan • Previous era of aero-defense provides facility expansion options • Local township developing master plan - LIRR, multi-flex space • Expansion eastward to SUNY SB & BNL Broad Hollow Bioscience Park April 2008

  18. LOCATIONS SB CSHL FSC BNL NS-LIJ Suffolk B-Q Nassau DS L o n g I s l a n d Broad Hollow Bioscience Park April 2008

  19. FOUNDATION Broad Hollow Bioscience Park April 2008

  20. PLAN SB CSHL FSC BNL CRO NS-LIJ Suffolk B-Q Nassau DS L o n g I s l a n d Broad Hollow Bioscience Park April 2008

  21. FUTURE • Develop 110 Bioscience Corridor • Expand eastward to SUNY SB and BNL • Develop into Long Island corridor • Convergence of technologies with SUNY SB and BNL - nanotechnologies Broad Hollow Bioscience Park April 2008

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