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The Woodlands Township

The Woodlands Township. THE WATERWAY CONVENTION CENTER. Waterway Convention Center. Mission.

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The Woodlands Township

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  1. The Woodlands Township

  2. THE WATERWAY CONVENTION CENTER Waterway Convention Center Mission The Woodlands Township was created by the Texas Legislature in 1993. Its economic development mission is to promote, develop, encourage, and maintain employment, commerce, economic development and public welfare in The Woodlands. Senate Bill 1371 Senate Bill 26 Senate Bill 1807

  3. 8 million + square feet of office space Over 1,500 businesses Cynthia Woods Mitchell Pavilion, Tinseltown 17 The Woodlands Waterway including the new Waterway Square District 5 million + square feet of shopping, dining and entertainment 1,500 hotel rooms, 60+ restaurants, 500+ retail stores Retail sales expected to hit $1.5 billion in 2010 THE WATERWAY CONVENTION CENTER Waterway Convention Center Town Center “today” Attractions

  4. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  5. THE WATERWAY CONVENTION CENTER Waterway Convention Center Location ½ Mile from Interstate 45 20 minutes via Hardy Toll to George Bush Airport 30 minutes via Interstate 45 to downtown Houston

  6. THE WATERWAY CONVENTION CENTER Waterway Convention Center • 37,260 sq. ft. Town Center Exhibit Hall • 18,000 sq. ft. Grand Ballroom with 12,600 sq. ft. pre-function • 4,020 sq.ft. Junior Ballroom divisible into three spaces • 8,400 sq. ft. of Meeting Space including: • 13 meeting rooms • 2 board rooms • 932 Car Garage with Air Conditioned Sky Bridge ,

  7. 887 Construction Jobs 550 Permanent Jobs Construction Payroll - $20.8 Million Annual Payroll - $11.5 Million Capital Investment - $50 Million THE WATERWAY CONVENTION CENTER Waterway Convention Center Economic Impact

  8. Citizens of Montgomery County through increased jobs. Existing and future businesses in The Woodlands through the increase of potential sales. Local social, religious and corporate groups as a new meeting facility for banquets, trade shows, and special events. THE WATERWAY CONVENTION CENTER Waterway Convention Center Who Will Benefit

  9. Total Economic Output within Montgomery County during construction $105 million Estimated $170 million spent in Montgomery County in the first 5 years Estimated $500,000 property taxes/assessment annually THE WATERWAY CONVENTION CENTER Waterway Convention Center Economic Impact

  10. THE WATERWAY CONVENTION CENTER Waterway Convention Center Economic Impact

  11. THE WATERWAY CONVENTION CENTER Waterway Convention Center Economic Impact

  12. $52 million in Funding Based on financial analysis and pro forma, no contribution of sales tax will be required To achieve highest bond rating (AAA), The Woodlands Township pledged sales tax THE WATERWAY CONVENTION CENTER Waterway Convention Center Funding Elements Funded by visitors, conventioneers and business travelers through the collection of the Hotel Occupancy Tax

  13. THE WATERWAY CONVENTION CENTER Waterway Convention Center Support for the Convention Center Texas Legislature TCID Board of Directors City of Oak Ridge North City of Shenandoah South Montgomery County Chamber of Commerce

  14. THE WATERWAY CONVENTION CENTER Waterway Convention Center Support for the Convention Center South Montgomery County Economic Development Partnership Town Center Merchants and Hotel Properties Elected Officials

  15. Land Clearing: January 2001 Official Groundbreaking: August 2001 Steel Construction: Fall 2001 Project Completion: December 2002 Establishment of HOT tax: 1997 THE WATERWAY CONVENTION CENTER Waterway Convention Center Construction Time Line

  16. Year 1: 99 Events Year 2: 106 Events Year 3: 116 Events THE WATERWAY CONVENTION CENTER Waterway Convention Center Expected Utilization Source: PKF Consulting

  17. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  18. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  19. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  20. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  21. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  22. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  23. THE WATERWAY CONVENTION CENTER Waterway Convention Center

  24. WATERWAY SQUARE Waterway Convention Center

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