10a Presentation FT Maritime Innovation Center
Item No. 10a_Supp Date of Meeting December 8, 2020 Maritime Innovation Center Construction Authorization December 8, 2020 Advancing the Maritime Innovation Center Seeking authorization to execute an interagency agreement with Washington State Dept. of Commerce to accept a $5M grant from the Clean Energy Fund Program to support the construction of the Maritime Innovation Center (MInC) As part of this agreement Commerce is asking the Port to formalize support for the project by authorizing construction of the MInC Staff will add an additional authorization step for the MInC and come back to commission to authorize funding for the project when we are ready to start construction No funding requested at this time Part of 2019-2023 Capital Improvement Plan Vision: Washington State becomes a world leading hub for sustainable maritime and ocean industries... 2 Maritime Innovation Center Progress 2016 2017 2018 2019 Fishermen's Initial Port creates Port signs Port partners Terminal Plan Community WA State MInC MOU with with Engagement Commission includes creates Advisory WA Maritime Blue authorizes Maritime and Innovation strategy Committee & Maritime to launch incubator Center design for for a Blue Creates Blue to Maritime Blue Feasibility MInC development Economy Business Plan partner on innovation Study innovation accelerator Establishing a Foundation for Maritime Innovation 3 Maritime Innovation Center "The center will be used to support technology acceleration and incubation, and act as a focal point for maritime sustainability, including, but not limited to, supporting technology development for maritime decarbonization and electrification." Excerpt from interagency agreement Port of Seattle helps anchor global leadership in BlueTech 4 State Investment and Partnership $5 Million State Commitment Part of Governor Inslee's 2013 Jobs Plan 2018 State Capital Budget / Clean Energy Fund Included in Governor's, House and Senate Budgets Informed by SEEP Executive Order & Strategy for the Blue Economy Contracting underway 5 Blue Facility / Blue Finance Global Developing Maritime Innovation Center w/ Port of Seattle Innovation Maritime Blue Innovation Accelerator Hub Capital Landscape Study for WA's Blue Economy Hub & Spoke Incubation around the State 6 Maritime Blue: Advancing Innovation 7 Maritime Blue Innovation Accelerator Startup investments/sales related to first cohort of 11 startups in an Accelerator $32M in Private Capital Investments (associated startups) $6M in Business Sales (associated startups) Several Demonstration Projects and Costumer acquisitions Combined reports of over 500% increase in sales At least 50 jobs created 8 Innovation Center Strategic Objectives Be a focal point for maritime innovation Offer incubator and accelerator environment Support investment in BlueTech start-ups and new technologies Drive equitable economic development Support workforce development and maritime career exploration First Maritime Blue Innovation Accelerator Cohort 9 WW ati ke s pl 1 | i ,Bit aH =" D i {lg 1 rata 10 Ship Supply Building: Assets for Innovation Accessibility Access to water Access to laydown area Proximity to Maritime Suppliers and Manufacturers Visibility Historic Preservation, Aesthetics & Ability to Leverage Capital Equity & Diversity 11 Proposed Building Improvements Abatement of regulated materials in existing structure Partial existing building demolition (timber structural framework to be preserved) Enhancement of structural piles and framework Construction of new MInC building core and shell Utility services removal and replacement New building perimeter and parking lot paving 12 SUSTAINABILITY TARGET MInC BE THE GREENEST AND MOST ENERGY EFFICIENT PORT IN NORTH AMERICA SALMON 2030 LEED V4 LBC LBC FULL WATER ENERGY CARBON SAFE CHALLENGE CREDIT CORE PETAL LBC S GOOD (Salmon Safer) WATER BETTER (Reclamation) BEST (Net Positive) ENERGY BETTER (2030) BEST (Net Positive) MATERIALS BETTER (8 Red List Matl's) BEST (Full Red List) 13 Sustainability Framework 14 MInC: Status & Certainty 33 DIVISION APPROVEDDIVISION APPROVED 44 AUTHORIZEDAUTHORIZED 55 Managing Director Commission authorized design Degree of Uncertainty approved Refine cost and schedule estimates up to 100% IN PROGRESSIN PROGRESS 66 Staff level authorization for cost 10% 30% 60% Commission Authorization COMPLETECOMPLETE and schedule estimates design design design Construction Ship Supply 2018 2019 2020 2021 2022 2023 15 Maritime Innovation Center Project Cost Summary (pre-60% Design Estimate*) Description Estimated % of Total Costs Project Cost Engineer's Estimate of Direct Constr. Costs $7 M 43.5% Other Construction Costs $5.2 M 33% Soft Costs $3.6 M 22.5% Art Program $160 K 1% TOTAL ESTIMATED PROJECT COSTS $16 M 100% * The pre-60% Project Cost is based on a cost estimate developed post 30% Design, and pre 60% Design, which carries a level of uncertainty that will progressively reduce as design reaches full definition. The project has been included in the Port of Seattle's approved 2021-2025 CIP with a total project cost of $16,000,000. 16 Next Steps Complete design work Refine cost estimates Secure permits Secure construction funding Partner with Maritime Blue to evaluate tenant options as facility starts construction Achieve Living Building Challenge A hub for maritime innovation and education 17 APPENDIX 18 19 Facility Location Criteria May 2019 Commission request to authorize MInC design Accessibility Access to water Access to laydown area Proximity to Maritime Suppliers and Manufacturers Visibility Historic Preservation, Aesthetics & Ability to Leverage Capital 20 Site Evaluation May 2019 Commission request to authorize MInC design Fishermen's Terminal (FT) site options ranked higher than Terminal 91 options: More proximate to suppliers and partners More visible and accessible Better access to water FT's Gateway and Historic Ship Supply sites ranked similarly Ship Supply slightly better based on historic preservation opportunity Capital development costs not considered 21 Maritime Innovation Center Site EvaluationMay 2019Commission request to authorize MInC design Site 1: Ship Supply Building Site 2: T91 Uplands Site 3: FT Gateway No Site Selection Criteria Weight Score Weighted Score Score Weighted Score Score Weighted Score I Accessiility 20% 3 0.6 1 0.2 4 0.8 4 = Facility is within 200 yards of public transit and within 20 minute commute from partners (UW Applied Physics Lab, Maritime Blue, etc.) 3 = Facility is within 1/4 mile of public transit and within 20 commute from partners 2 = Facility is within 1/2 mile of public transit and within 30 minute commute from partners 1 = Facility is more than 30 minutes drive from partners II Access to water 20% 4 0.8 2 0.4 3 0.6 4 = Facility is on fresh or salt water with moorage capacity 3 = Facility is within 1/4 mile of fresh or salt water - limited moorage capacity 2 = Facility is within 1/2 mile of fresh or salt water - limited moorage available 1 = Access to fresh or salt water difficult or not optimal III Access to laydown area for staging 20% 4 0.8 4 0.8 3 0.6 4 = Facility provides a laydown area 3 = Facility is within 200 yards of a laydown area 2 = Facility is within 1/4 mile of a laydown area 1 = Access to laydown area is difficult or not optimal IV Proximity to Maritime Suppliers and Manufacturers 20% 4 0.8 3 0.6 4 0.8 4 = Faciltiy is within 1/2 mile of machine shops and maritime suppliers (inc. chandlery) 3 = Facility is within 1 mile of machine shops and maritime suppliers (inc. chandlery) 2 = Facility is within 3 miles of machine shops and maritime suppliers (inc. chandlery) 1 = Facility not located in proximity to maritime supply chain V Historic Preservation, Aesthetics & Ability to Leverage Partner Capital 10% 4 0.4 3 0.3 3 0.3 4 = Faciltiy is historic and can leverage other capital $ 3 = Facility is new and can leverage other capital $ 2 = Facility is new but it may not leverage other capital $ 1 = Facility not located in proximity to maritime supply chain VI Visibility 10% 3 0.3 1 0.1 3 0.3 4 = Visible from Seattle arterials and surrounding streets 3 = Visible from property entrance 2 = Visibility possible from property entrance with signage or other building improvements 1 = Not immediately visible Total Scores 100% 3.7 3.7 2.3 2.4 3.3 3.4 Site Ranking 1 3 2 Fishermen's Terminal offers best location options for Maritime Innovation Center 22 Maritime Innovation Center Development Schedule Maritime/Economic Development Project 2018 2019 20 20 2021 2022 2023 Maritime Innovation Center at Fishermen's Terminal Community Engagement* Commission Approval Bid & Award Environmental Review Design/Permitting Construction * Community engagement tasks will vary by project needs 23 HEATING + COOLING SYSTEMS COMPARISON MInC All systems will have a DOAS paired with the heating and cooling systems below. GOOD VRF BETTER WSHP BEST GSHP MAJOR 15* year: Circ. Refrigerant 20 year: Circ. Water Pumps 20 year: Circ. Water Pumps COMPONENTS 15 year: Heat Pumps 25 year: Heat Pumps (Ducted) 25 year: Heat Pumps (Ducted) + SERVICE LIFE 15 year: Outdoor Condenser 20-25 yr: Cooling Tower (Closed) 75+ year: Ground Loop 20-25 yr: Electric Boiler 20-25 yr: Electric Boiler (Back-up) ADVANTAGES + Smaller Units/Zones + Higher Efficiency + Most efficient + Low(er) First Cost + Less visible equipment DISADVANTAGES - Refrigerant, Lbs - High(er) First Costs - Higher First Cost (Loop) - Least efficient - Water Treatment - Glycol Treatment - Visible ductwork, piping - Large/Visible Cooling Tower FLEXIBILITY - Limited flexibility for TIs + Very flexible for TIs + Very flexible for TIs - Hard to expand capacity + Easy to expand heating capacity + Easy to add a boiler - Limited capability to add more + Can add units easily + Can add units easily to existing system - Hard to expand cooling capacity - Difficult/expensive to add capacity in bores INITIAL COST $265,000 (3.3%) $320,000 (4%) $375,000 (4.7%) EUI ESTIMATE 25 KBTU/SF/YR 24 KBTU/SF/YR 23 KBTU/SF/YR Center Will Be Built on Partnership 25
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