Laserfiche WebLink
N & <br />111CUSHMA <br />1111h WAKEFIELD <br />September 26, 2024 <br />Dear Esteemed City Council Members: <br />4 Hutton Centre Drive <br />Suite 440 <br />Santa Ana, CA 92107 <br />Tel <br />(714) 850-1703 <br />Fax (714) 850-0163 <br />www.cushmanwakefield.com <br />As a member of South Coast Metro Alliance, 4 Hutton's ownership, Ares Asset Management, LLC strongly <br />urges you to approve the Related Bristol project an October 1 � 2024, A project of this size and magnitude will <br />provide an unprecedented economic package that the city needs and should be approved. <br />We cannot lose sight of what is at stake. Related Bristol will generate 18,800 new jobs, $500 million in <br />now tax revenue during Its first 30 years and a $544 million community benefits package. As part of <br />your civic duty to vote in the best Interest of your constituents, It Is imperative to prioritize the needs of the <br />overall community and not jeopardize the financial feasibility of the project over additional union issues, <br />components, and other requirements. <br />Time Is of the essence! Nearly 100 local businesses at Metro Town Square shopping center need certainty <br />about their future and business location. With leases for all tenants expiring imminently and the very real <br />prospect of a vacant retail center that is an important generator of sales tax revenues to the City of Santa Ana, <br />this project should not be delayed further, norjeoparclize Its feasibility. <br />Related Bristol is proposing new and improved community amenities that will enhance and elevate the quality <br />of life in this city, including: <br />* 13 acres of publicly accessible and actively programmed open space, <br />* $22M towards a Community Benefit Fund that could be used towards street improvements, a <br />community center, or other City priorities, <br />* A public safety office to shorten police response times, and <br />* $18M in affordable housing in -lieu fees. <br />More than ever, people want safe, secure public places to connect and build community with family and <br />friends. For these reasons, 4 Hutton and Ares Asset Management, LLC support the visionary Related Bristol <br />project, and we urge you to approve this important, new gateway to Santa Ana for the benefit of all. <br />Sincerely, <br />Cushman & Wakefield U.S., Inc. <br />as authorized agent for Ares Asset Management, LLC and <br />4 Hutton at 4 Hutton Centre Drive, Santa Ana, CA <br />Carolyn A. Killion I CA License 01178766 <br />General Manager <br />57 <br />