Proposal For Public Food­­­ Market Developer & Operator



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Boston Redevelopment Authority: Potential Small Project Review (Article 80E), Design Review, Comprehensive Sign Review; Land Disposition Agreement review; Government Center Urban Renewal Plan review
Boston Zoning Board of Appeal: Conditional use permit for take-out food; other potential use-related relief
Boston Landmarks Commission: Consultation as part of Section 106 Review
Public Improvement Commission: Potential discontinuance; potential licensing of specific repairs/marquee or canopy projections; potential licensing of seasonal outdoor market activities
Boston Transportation Department: Review of proposed Market District loading zone
Boston Inspectional Services Department: Building permit(s); site cleanliness license (compactors; dumpsters); permanent dumpster placement permit; food service health permit; weights and measures inspection for any scales; potential patio seating permit
Department of Public Works: Potential sidewalk café permit
Boston Fire Department: Fire Code review; kitchen exhaust hoods and ducts certification
Boston Public Health Commission: Kitchen exhaust hoods and ducts review
Boston Licensing Board: Common victualler’s licenses, possible liquor licensing
Boston Water & Sewer Commission: Site Plan Review/Connection Permit
State

Executive Office of Environmental Affairs: Request for advisory opinion/potential MEPA Office review
Massachusetts Historical Commission: Consultation/Section 106 review of signage, etc.
Massachusetts Department of Transportation: Engineering review of proposed construction
Massachusetts Water Resources Authority: Potential MWRA permit

ABCC: Possible liquor licensing
Architectural Access Board: Potential technical variances relating to addressing numerous level changes within Public Market space

DEP: Potential Chapter 91 License (will only become potentially relevant if MEPA review is required)

Executive Office of Public Safety: Potential building permit(s)

Massachusetts Department of Transportation: Lease negotiation
Federal

Federal Highway Administration: Lease review; engineering review of proposed construction
Financial Proposal

financing

Fundraising

We anticipate that the Boston Public Market will require a minimum investment within the range of of $15 million in order to open its doors to the public (see Section 5.A.: Financial Projection Page 25). The BPMA will endeavor to raise up to $11 million dollars of private funding (see Table V). We are confident in this pursuit and have established a Capital Campaign Committee whose single focus will be to achieve thsi goal. When designated, the Committee will be comprised of over 40 professionals, each with a proven track record in raising significant private funds within a wide range of disciplines.


The key Capital Campaign members include:

Carola Cadle Vice President of Corporate Development and Special Events Children’s

Hospital Trust



Serge Denis Managing Director at Langham Hotel, Boston

Liz Harris Entrepreneur and Arts Management

Linda Pizzuti-Henry Community Activist and Philanthropist

Dede Ketover Interim Executive Director, BPMA

Brian KinneY Co-Founder and Owner, Panther Partners, LLC

Linda McQuillan Community Volunteer and Fundraiser

Miriam Nelson Ph.D Director, John Hancock Research Center on Physical Activity, Nutrition, and Obesity Prevention, Tufts University

Gus Schumacher Executive Vice President Policy, Wholesome Wave Foundation

Marc Smith Consultant

Bill Taylor General Manager, Four Seasons Hotel, Boston

David Tubbs Senior Managing Director, Mass General Hospital Development Office

Charlotte Vena Director, John W. Henry Family Foundation

NOTE: Biographies of each Committee Member are included in Component II, 7A Resumes


These funds will be raised through individuals, BPMA Board, Capital Campaign Committee Members, corporations, government and foundations (private and public). The remaining $4 million will be provided by the State grant, as per the RFP. We anticipate that the total amount of gifts from each group will be distributed as per Table V. We project that the capital campaign will require 18-24 months, with the majority of the funds being obtained within the initial 12 months.
To date, the BPMA has successfully raised approximately $2.5 million to cover the operating expenses of two seasonal farmers markets, staffing, marketing, and advocacy for a permanent market. Our work has been enabled by the generous support of many individuals, corporations and foundations. We will continue to benefit from the strong relationships we have developed to attain contributions on a larger magnitude. Our strategy will also include the cultivation of new partners in order to attain our goal of $11 million.
Once we obtain official designation to develop and operate the Boston Public Market, we will be able to secure financial commitments for this long anticipated public amenity. A number of organizations have expressed their strong interest in supporting the Market upon designation, including The John W. Henry Family Foundation, Harvard Pilgrim Healthcare Foundation, Project Bread and The Boston Foundation. Please refer to Component II Section 7.D. Support Letters for additional information.
In addition to the funding identified in Table V, the Committee will explore other avenues for the general public to become stakeholders in this important civic project. One engaging opportunity could include the purchase of tile for the new floor, with allocations commensurate to the size of the tile. The Capital Campaign Committee, drawing on its significant experience, also anticipates hosting a series of major fundraising events throughout the campaign, targeting all Boston residents, generating a tremendous amount of energy and excitement for the project. Potential locations for these events include the Rose Kennedy Greenway, Fenway Park, and the Museum of Science.
ii. Equity

The BPMA does not envision the application of any private equity funding in connection with the market’s development. All sources of funds for project development will be sourced through our Capital Campaign and other BPMA sources.


IIi. Debt

The BPMA does not anticipate carrying the need to raise any debt in order to finance the Boston Public Market’s development or operation. In connection with the BPMA’s Capital Campaign, the BPMA will not pledge, mortgage, or otherwise encumber the leased premises, market leases & rents, or other tangible assets of the market to any funding source.


Rent to massdot

As a 501(c)(3) organization, the BPMA’s mission is to serve the public by developing and operating a Public Market for the Commonwealth of Massachusetts and the City of Boston. Our organization will undertake a significant endeavor to raise over $11 million dollars for the initial Capital Campaign and envisions additional Campaigns throughout the terms of the lease. Specific lease terms with MassDOT will be subject to negotiation upon initial designation. As a result of our non-profit status and our mission of generating as much income as possible for Massachusetts farmers and producers, we propose that the BPMA be exonerated from a rent schedule, other than a nominal annual rent of ten dollars ($10.00). Our mission is to dedicate operating income generated by the market back into the market’s infrastructure, public programs and the Massachusetts agricultural community.


Alternative Financing & rent proposals

Not Applicable to this proposal.




THANK YOU!

Boston Public Market Association

PO Box 52385 | Boston, MA 02205-9761

bostonpublicmarket.org


Disclaimer: All facts, figures, and commitments are based on a good-faith understanding of the current building and project, but are contingent and subject to change.

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