Southern

SouthernShoresResort

SouthernShoresResort

Long BeachGateway to the Gulf

Coast

Why Long Beach?• Beautiful Scenery

– Beaches– Magnificent Live Oak Forests

• Most Direct Beach Resort Access from New Orleans, and Western States• Local Harbors / Yacht Clubs

– Fishing• 25 + Golf Courses• Minutes From:

– Gulfport Airport – Biloxi (Gaming)– Gulfport (Gaming)

Our VisionSouthern Shores Resort

• Breathtaking Views of the Gulf of Mexico

• Large River-Side Pool• Drive-through Valet• On-Site Fitness Center• On-Site Conference Center• Convenient Beach Access• Whirlpool• Fine Dining

Southern Shores Resort

Our Contribution• It is our intention to work

with the city, and to do our part with respect to infrastructure upgrades and improvements

• We plan to “Give Back”

“Give Back”• Each unit, In our developments, will

be charged a $25/month assessment built directly into the association fees

• With city approvals, we plan to build 1375 units over the next two years

• 1375 x $25 = $34,375 per month• Up to $412,500.00 annually• All funds will be donated directly to

the Fire and Police Departments

Tax Revenue• All figures based on Harrison

County Tax Assessors figures• For every $100,000.00 of

assessed property value:– Harrison County makes $360.00– Long Beach makes $489.00– Long Beach School System

receives $637.00

$0.00

$1,000,000.00

$2,000,000.00

$3,000,000.00

$4,000,000.00

$5,000,000.00

$6,000,000.00

Harrison County Long Beach School System

Beneficiary

Annual Tax Revenue Generated by Bienvenue Homes' Condo Projects

$2,876,800.00$3,918,400.00

$5,096,000.00

Tax Revenue

Tax Revenue• Sewer Tap Fees: Other areas =

between $1,000-$3,000 per tap

• 1375 units (Bienvenue Homes projects only) x $1,000.00 = between $1,375,000.00-$4,125,000

• Between $1,375,000.00-$4,125,000 for capital sanitation improvements

Tax Revenue• Long Beach Budget is currently

$6.8 Million• The proposed projects would

result in an additional $3,918,400.00 annually

• A 41% increase

Tax Revenue

0

5000000

10000000

15000000

1

Existing Long Beach Budget with Additional Revenue From, Bienvenue Homes, Condo Projects

New tax revenue

Existing Budget

$10,718,400

Tax Revenue

New Schools

Tax Revenue

New Library

Why Go Tall?• With rising material costs it is

necessary to get as much height and density as possible

• Smaller buildings are not able to provide upscale amenities, and design quality

• “Under Funded” buildings end up looking like glorified motels

Why Go Tall?• Strong market• In years past the Condo

market could only support small box- like structures

• In today's market the best structures get all the attention

• People want to buy in the bigger buildings, and on the top floor

Why Go Tall?• Condo Pricing has reached an

all- time high• Higher quality facilities attract

high quality buyers• This trend demands a

structure worthy of the price

Why Go Tall?• More money for schools• More money for Fire and

Police• More tax relief for Long Beach

Citizens

The County

$0.00

$500,000.00

$1,000,000.00

$1,500,000.00

$2,000,000.00

$2,500,000.00

$3,000,000.00

15 Stores 20 Stories 25 Stories

Potential Tax Revenue Generated For County at 15, 20, and 25 Stories

A Difference of $1,353,240.00

The City

$0.00

$1,000,000.00

$2,000,000.00

$3,000,000.00

$4,000,000.00

15 Stores 20 Stories 25 Stories

Potential Tax Revenue Generated For Long Beach at 15, 20, and 25 Stories

A Difference of $1,838,151.00

The Schools

$0.00

$1,000,000.00

$2,000,000.00

$3,000,000.00

$4,000,000.00

$5,000,000.00

$6,000,000.00

15 Stores 20 Stories 25 Stories

Potential Tax Revenue Generated For Schools at 15, 20, and 25 Stories

A Difference of $2,394,483.00

Condos Are Smart Growth• Condo owners “Spend and

Leave”• No negative impact on schools• High disposable income for

local shopping

Condos Are Smart Growth• Environmentally friendly• Preferable to casino or heavy

industry• Developers pay for

infrastructure improvements

The FutureIs Up To You

New Schools

The Future

Better Streets

The Future

New Fire Station Lower Homeowner’s Insurance

The Future

The Future. It’s Up To You.

The Future. It’s Up To You.