7e Supp
Item Number: _7e_Exhibit A Date of Meeting: September 30, 2014 Airport Dining and Retail Program Drivers for Phasing Plan Decisions STAFF BRIEFING September 30, 2014 Realizing a Vision for Airport Dining and Retail Commission Motion 2012: NW Sense of Place Competition Flexible Leasing Employment Continuity Small Business Street Prices Affordable build-outs 2 Airport Dining & Retail Master Plan 3 Drivers of Phasing Decisions Phasing is part of a complex choreography each step supports the overall program Leases for 90% of units expire 2015-2017 Meet passenger needs in every area of the airport Maintain service during infrastructure and tenant unit construction Execute future program with optimal mix of offerings in an effective use of space 4 Drivers of Phasing Decisions Opportunity to get some units back early and redevelop to better serve passengers now Need to continue operation for some locations to maintain customer service Need to place some units in a new lease in consideration for early returns and new investment Central Terminal's importance for customer service and simultaneous expirations requires careful phasing Every aspect of this choreography interconnected 5 Tools to Effectively Manage Transition 92 Current Units: Early Returns On-Time Expirations Extended Operation under Current Leases New Leases 6 Example: Prime Phasing PHASE I PHASE II PHASE III 2014-2016 2017-2018 2019-2024 - 5 units early return - 9 units on-time - 10 units in new lease expiration - 8 units extended operation under current lease 7 Example: Early Return Sbarro Concourse B 8 Example: Early Return New casual dining New children's play area New specialty retail 9 Example: On-Time Expiration Alaska Lodge Concourse C 10 Example: On-Time Expiration New 'anchor retail location' Larger adjacent full-service restaurant TSA storage space becomes new kitchen 11 Example: Extended Operation Same-day lease expiration May 31, 2015 Three of five quick serve units: Qdoba Pallino Ivar's 12 Example: Extended Operation 10-year lease expires June 30, 2015 Anthony's Restaurant Central Terminal 13 Example: Extended Operation Reconfigure quick serve spaces Replace/remove cooking exhaust system Develop mezzanine level dining 14 Example: Extended Operation Massage Bar Concourse C 15 Example: Extended Operation Current space will be convert to new quick serve restaurant Remain in operation until conversion takes place Conversion requires early return of adjacent space/construction 16 Example: New Lease Hudson News Concourse C 17 Example: New Lease One contiguous convenience retail location Create space for new quick serve food More efficient space use for personal services 18 Sustainable Phasing Overview PHASE I PHASE II PHASE III 2014-2016 2017-2018 2019-2024 Early Returns Phasing Leases Prime concessionaire Independent Independent food service and Direct Leases Direct Leases convenience retail = Duty Free 60 units 19 Anticipated Commission Actions Authorization of Lease Authorization of Design Authorization of Prime Review Leasing Plan 2014 S. Satellite Restaurant Phase I Infrastructure Lease Modifications and New RFP 3rd Quarter October 28 November December COMPLETED Authorization of Authorization of Leases Authorization of Leases Authorization of Leases 2015 Construction Phase I for Personal Services for Food & Beverage for Specialty Retail Infastructure 2nd Quarter 3rd Quarter 4th Quarter 1st Quarter 20
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