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.
