Page 24 - East Campus RFQ 2.14.2017

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East Campus Redevelopment Schedule & Process

 Issue RFQ
3
Months Pre-Selection  Facilitate site tours and respond to developer inquiries
 Review qualifications and select Master Developer

 Master Developer assesses physical and contextual site
2
Due Diligence conditions
Phase 1 Months
 Howard issues notice to proceed to project planning

 Work collaboratively with Howard to provide several
executable master development options
 Produce financial plans and innovative transaction
4-6
Phase 2 Project Planning instruments
Months
 Develop operations, maintenance and property
management plan to ensure operational sustainability
 Present options at Howard Board of Trustees meeting

 Howard decides whether to:
 Execute with Master Developer; or
Execute Master
Phase 3 TBD  Issue RFP to select another entity
Development Plan
 Implement ECRP approved by Howard Board

 Value capture  Opportunities for alumni and diverse firms

 Connection to Main Campus  Historic preservation
 Preservation of open space  Lifelong learning environment

 Divinity School relocation  Respect for community