On December
15, Ford Point LLC, The City of Richmond and the National Park
Service consummated a deal that will create a National Park
Visitor Center in the Ford Assembly Plant Oil House with a
goal of completion in time for the 2011 Home Front Festival
in October.
Negotiations among the three entities have been going on for
years. The sale of the Ford Assembly Building to Eddie Orton
in 2004 carried a provision for a rent free 10,000 square foot
space in and adjacent to the Craneway for a National Park Visitor
Center. Following completion of the rehabilitation, all space
adjacent to the Craneway had been leased, and all parties agreed
that inserting the necessary tenant improvements in the Craneway
to create a functional Visitor Center would detract from the
magnificence of the vast space.
As a alternative, they settled on the
Oil House, a free standing building adjacent to the
Boiler House Restaurant of approximately the same size as
the previously committed 10,000 square feet in the Craneway.
The Oil House is strategically located on the Bay Trail and
also has access to substantial adjacent parking. In addition
to interpretive exhibits and a theatre, the Visitor Center
will feature a bookstore/museum store operated by Rosie the
Riveter Trust, proceeds from which will go to support projects
and programs in Rosie the Riveter WW II Home Front National
Historical Park.
The hang up in the negotiations was Ford
owner Eddie Orton’s
reluctance to pay for rehabilitation of the Oil House to the
same level to which the Craneway had already been done. No
one could understand or agree with Orton’s position,
but neither the City nor the National Park Service had the
funding for the building shell rehabilitation, nor should they
have had to pay for it. The impasse was finally broken by a
suggestion that Historic Preservation and/or New Markets Tax
Credits be used to defray the rehabilitation cost.
The City contacted Equity Community Builders, which had already
successfully arranged tax credit financing for the Maritime
Center and Winters Building (East Bay Center for the Performing
Arts) rehabilitation projects.
With $3 million for interior improvements from the National
Park Service that would have evaporated without a deal by December
15 and creative tax credit financing arranged by Equity Community
Builders for the exterior rehabilitation, the deal was sealed.
This relieved Orton from bearing the rehabilitation cost and
broke the impasse without either the City or the National Park
Service having to bear the cost.
The Oil House will continue to be owned by Ford Point LLC
and leased to the City of Richmond at no cost except for utilities
and services. The City of Richmond, in turn, will sublease
the Oil House to the National Park Service.
Also
see announcement of September 16, 2010 >>
RELATED LINKS: http://www.homefrontfestival.com & http://www.craneway.com |