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Home My WebLink About5/23/2024 DMCC Collaborative Session - PresentationCity-County-DMC 2024 Collaborative Session Thursday, May 23, 2024 Guiding $585M Public Infrastructure Investment The public infrastructure for to fulfill the DMC vision and goals for job growth, capital investment, new tax generation, and improved community experience. + Attracting $5.6B Private Investment The programs and project support to retain and attract developers, private capital, and businesses. Destination Medical Center: Primary Responsibilities •Health •Sustainability •Equity •Affordability •Community Engagement Doing Our Work Through The Lens Of: •Mayo Clinic “Bold. Forward. Unbound.” •DMC 10-Year Development Plan Update •Halfway -point of available DMC funds Near-Term Considerations City-County-DMC 2025 Collaborative Session Thursday, May 23, 2024 1 2 Strategic Priorities 3 4 Mayo Clinic Bold. Forward. Unbound Transforming Healthcare for the World •$5 billion investment •2.4 million square feet of new space •First buildings open in 2029 •Project complete by 2030 •$500 million in Sustaining projects 4 5 St. Croix Bridge $646 million US Bank Stadium $1 billion Amazon HQ2 $2.5 billion 2024 State of MN Bonding Bill $2.6 billion SW Light Rail $2.7 billion MSP Airport Expansion $3.2 billion Mayo Bold. Forward. Unbound. $5 BILLION 2023 City of Rochester Permit Valuation $600 million 6 Initiatives and Projects 2015 DMC $585 million 2016 Integrated Traffic Study 2018 Comprehensive Plan Update 2020 Park Levy $2 million/yr. 2021 Airport (2021-2027) $79 million 2023 Unified Development Code 2023 Local Option Sales Tax $205 million 2024 WRP $84 million 2024 DBET Phase 2 $22 million 2024 Soldiers Field $22 million 2025 RPU AMI $29 million 2025 6th St Project $29.9 million 2026 Link $143 million 2026 Parks Maintenance Facility $40 million 2030 RPU Plan 100% Renewable 2029/2030 Bold.Forward. Unbound. 7 City of Rochester operations have grown between 110-262% while employee base has grown 17% 8 8 9 Current Focus for City 10 Gaining and Sustaining Momentum Teammates & Resources needed to secure resources for projects -Existing teammates pursuing external funding -Elected Officials and Partner advocacy Teammates & resources needed to deliver projects -Prioritize new and existing revenue to support service delivery -Optimize internal processes & collaboration -Adapting to state of change Teammates & resources needed to meet future service needs -Sustaining transformation through required new services -Adapting to a new future Rochester -Nurturing partnerships NOW DURING POST 11 Team needed to support Bold. Forward. Unbound, City Projects and additional private development Team needed to support Bold. Forward. Unbound, City Projects and additional private development •Existing Position •New Positions 2024 •New Positions 2025 •2024 Expense: $225,108 •2025 Expense: $1,687,559 •Revenue Source: Construction Revenue Associated with Projects 12 Additional Investments in Critical Infrastructure and Services –Rochester Airport (RST) •Long-term Financial Sustainability •Modernized Airport Minimum Standards •Additional Direct-flight Destinations •Air Service Development Fund •Fly Local Commitments for Business Travel •Quality of Life –Easy reasonable-cost access for the community to get to/from Rochester directly from RST 1 Rochester International Airport Strategic Plan for Growth 2 3 Business Components •Commercial •De lta Air Line s •Am e rican Airline s •Cargo •FedEx •General Aviation •1,000+ U.S. Customs Passengers •Air Ambulance •Fixe d -Base Operation •Great Planes, Aviation Maintenance and Flight Training 3 Infrastructure Investment 4 Current Route Map Rochester Scheduled Airline Service and Capacity Summer 2024 Source: Airline Data, Inc. MSP RST ORD MSP: Three per Day ORD: Now Four per Day 5 With 33% Retention, RST Would Have Six Nonstops Rochester’s Supportable Service with 33% Passenger Retention As of May 2024 Average Nine Departures per Day Source: Volaire Aviation Consulting DFW MCO ATL ORD MSP PHX RST 6 With 50% Retention, RST Would Have Eight Nonstops Rochester’s Supportable Service with 50% Passenger Retention As of May 2024 Average 13 Departures per Day Source: Volaire Aviation Consulting PHX RST DFW LAS MCO ATL NYCORD MSP 7 With 75% Retention, RST Would Have 12 Nonstops Rochester’s Supportable Service with 75% Passenger Retention As of May 2024 Average 18 Departures per Day Source: Volaire Aviation Consulting PHX RST DFW SLC LAS MCO CLT DCA NYCDTW ORD MSP ATL 8 Fly Local Support 9 Questions City-County-DMC 2025 Collaborative Session Thursday, May 23, 2024 RCTC empowers students to thrive in an ever-changing, diverse society by providing access to exceptional education. Rochester Community and Technical College is a universal gateway to world class learning opportunities. TEACHING AND LEARNING Achieve equitable student outcomes STUDENT SUCCESS Maximize student potential through equity-minded practices OPERATIONAL SUSTAINABILITY Optimize the College’s growth and viability COMMUNITY IMPACT Amplify the College’s influence through diverse collaborations with community and business partners to advance economic impact and career preparedness. STRATEGIC PLAN 20 24 -2028 COMMUNITY IMP ACT Amplify the College’s influence through diverse collaborations with community and business partners to advance economic impact and career preparedness. 1.Grow awareness of the value of an RCTC education and its economic impact 2.Align programming and prepare learners to meet current and emerging needs of employers and the community 3.Model diversity, equity, and inclusion efforts on campus and within the community 4.Establish formal structures to grow partnerships 5.Contribute to regional quality of life through engaging entertainment, meaningful events, and lifelong learning opportunities STUDENT PROFILE 2023- 2024 DIVERSITY •34% of students are BIPOC •Black or African American (14%), Hispanic (9%), Asian (5%), Two or more races (5%) •21% are First Generation College Students •53% of students are underrepresented 1.Nursing 2.Liberal Arts and Sciences 3.Computer Science Transfer Pathway 4.Business Transfer Pathway 5.Dental Hygiene PROGRAMS •Cybersecurity •Radiography •Magnetic Resonance Imaging (MRI) Top Enrolled Recently Launched a ADMISSION CATEGORY •Traditional Students (35%) •Transfer Students (27%) •Dual Enrollment (26%) •Other (12%) a a OPPORTUNITIES & CHALLENGES CHALLENGES •College affordability/basic needs •Changes in the job market OPPORTUNITIES •Continuing to grow Career Pathways •Modifying services to meet changing student needs It Takes a System DMC-City-County Collaborative Session May 23, 2024 Is RPS Losing Market Share? 2022-2023 RPS: 76.8% Private: 10.1% Other Districts: 6.8% Charter Schools: 3.5% Home School: 2.8% 2016-2017 RPS: 77.9% Private: 10.9% Other Districts: 5.6% Charter Schools: 2.9% Home School: 2.7% Minneapolis Public Schools market share: 51.6% Saint Paul Public Schools market share: 58.1% Quality of Education 2024 Rochester Public Schools The Morris Leatherman Company Excellent 17% Good 64% Only Fair 14% Poor 2% Unsure 3% Phone survey of Rochester residents, April- May, 2024. Margin of error +/-4% Local Referendum Revenue It Takes a System Thank You!