2023 GEDP Development Guide

Page 1

DEVELOPER PROFILE

2022
GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP
GEDP

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45th St. & Seawall (New building opens early 2023)

Jimmy Rasmussen, President & CEO

Scott Kusnerik, Executive Vice President Cesar Hernandez, Senior Vice President Brandon Rogers, Vice President

Pearland

2651 Pearland Parkway • (281) 412-8000

Sean Murphy, Senior Vice President

Friendswood Downtown

601 South Friendswood Dr. • (281) 996-4900

Allan Rasmussen, Senior Executive Vice President Scott Asimakis, Vice President

Friendswood Bay Area

3211 East FM 528 • (281) 648-9000

Steve Owens, Senior Vice President Tyron Collins, Senior Vice President

Alvin

1050 North Bypass 35 • (281) 388-5000

Ray Rusk, Senior Vice President Chad Dudley, Vice President

League City

1406 West Main St. (FM 518) • (281) 554-3265

Bill Provenzano, Senior Vice President Jim Goebel, Vice President

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We are pleased to present you with this 2022 Galveston Economic Development Profile magazine. In collaboration with the City of Galveston’s Industrial Development Corporation (IDC), this development profile is intended to highlight the competitive advantages of living, working, and investing in Galveston. This publication provides detailed demographic and statistical information for Galveston and each of its major industry sectors; highlights of future, current, and recently completed projects and developments, and opportunities for future growth.

By balancing quality of life and ingenuity, Galveston continues to bear the torch for innovation and economy...

Galveston has been LEADING the way in every industry since its inception. By balancing quality of life and ingenuity, Galveston continues to bear the torch for innovation and economy, hand in hand. With a legacy of strong COLLABORATION between communities and economy, Galveston has positioned itself as a partner to those who live, work, and do business on the island. Opportunity abounds when strong relationships exist between industry, residents, and municipalities. These strong relationships ensure that we INVEST in the future of Galveston’s development, building a sustainable pathway for businesses and residents alike.

Galveston has weathered many storms, proving resiliency and business continuity. Paired with a strong spirit of leadership, willingness to collaborate, and leadership that invests in its future, the island’s economy shows a strength that is unparalleled.

We invite you to learn more about Galveston and utilize the resources available through your membership with the GEDP and thank you for your continued support and investment in Galveston.

Keith Bassett is the president of Bassett Family Interests and has been a member of the GEDP since 2012. Keith is an active member of Galveston Rotary Club, Sealy & Smith Foundation, Galveston Arts Center, Historic Preservation/Redevelopment, Galveston Chamber, UTMB and others. He is currently restoring the W.L. Moody Building in historic downtown Galveston.

2022 | GEDP DEVELOPER PROFILE | 1
WELCOME
LEAD |
|
COLLABORATE
INVEST

Since 1999, through the public private membership base of the GEDP, assistance has been provided including demographic and socioeconomic information, utilization of a comprehensive Geographic Information System (GIS) for project development activities, maintenance of an information clearinghouse, and economic climate assessments, and made available to those seeking to make Galveston a better place.

Priority areas of investment include those projects capable of expanding or enhancing the core industries of the Galveston economic base: Maritime, Tourism, Education, Healthcare & Emerging Technologies.

Maximizing Galveston’s human, natural and financial resources, the GEDP remains committed to facilitating quality projects that work to expand Galveston’s employment and tax bases. Galveston is an island of opportunity and the GEDP looks forward to working with

CONTENTS The GEDP makes every effort to ensure accurate and complete data; however, the information contained within this publication is provided solely for educational and informational purposes and should not be relied upon without first independently verifying the data. Copyright:©2022 GEDP- Developer Profile Magazine.
www.gedp.org ON THE COVER: The USS “Battleship” Texas in dry dock at Gulf Copper - Photo© Robert Mihovil 2022 Strategic Areas of Concentration Galveston’s Economic Climate Real Estate Maritime Tourism Education Lead, Collaborate, Invest Business Continuity Projects on the Horizon Membership Directory Advertising Directory Salute to our Sponsors ............................ ............................ ............................ ............................ ............................ ............................ ............................ ............................ 04 14 22 28 34 40 58 67 72 76 78 80 ............................ ............................ ............................ ............................
you on future projects.
-

MARITIME

Port masterplan

Pelican Island Bridge

Pelican Island land development

Transportation - Mobility Navigation districts

Green Marine certification

TOURISM

Cruise ship development

Economic climate Beach nourishment Recreation/Sports tourism

Transportation Workforce / Housing

EDUCATION AND HEALTHCARE

School Bond Implementation

Growth in Students, Facilities and Programs

Diversity and Workforce Development

College town amenities and programs

Student Housing

EMERGING TECHNOLOGY

Growth in capital formation -Space - Talent Customs House Incubator

GALVESTON STRATEGIC AREAS OF CONCENTRATION

Accelerator expansion Regional Resource Providers

Professional Service Providers

Local, regional and state-wide collaborations

RESILIENCE - DISASTER PREPAREDNESS RECOVERY- BUSINESS CONTINUITY

Texas Coastal Study

Business Recovery, tools and resources Resource Providers

ECONOMIC DEVELOPMENT TOOLS

Economic Development Incentives Opportunity Zones

State and Federal Partners Site Selection Tool

PLANNING

FORWARD

City Economic Development Plan and Implementation of Strategy Vision Galveston

4 | GEDP DEVELOPER PROFILE | 2022

I hope as you read through this developer profile, you are reminded of our leadership and collaborative strengths - and are encouraged to invest in the future of our economic landscape

WELCOME TO THE 2022 DEVELOPER PROFILE MAGAZINE

Galveston continues to be an exciting place to live, work, and do business. The GEDP is emerging with strength and renewed sense of mission.

We have seen incredible progress on crucial economic development projects this year. There is momentum to replace the Pelican Island Bridge, a large Federal award to deepen the Galveston Ship Channel, and benchmarks reached as we strive for a coastal storm suppression system.

In addition to monumental expansion to our cruise ship terminals, continued commitment to nourishing our beaches, and an exciting airport master plan, Galveston is anchored firmly by the presence of our educational institutions: Texas A&M University - Galveston, the University of Texas Medical Branch, and Galveston College. We have strong municipal advocates working to prioritize improvements to infrastructure and quality of life in Galveston. Our private sector continues to add variety and opportunity to our economic outlook.

The energy and momentum of our business climate are palpable. I hope that as you read through this developer profile, you are reminded of our leadership and collaborative strengths - and are encouraged to invest in the future of our economic landscape.

The GEDP is committed to providing you with the resources and information our economic development community needs. To learn more about Galveston and emerging economic opportunities, please engage with the Galveston Economic Development Partnership for additional information.

The work of the GEDP is only possible because of the support of our Members, Executive Committee,Task Force Chairs, Task Force Members, Allies and Staff.

Keith Gray stepped in to become the Interim Director of the GEDP in September, only days after retiring with his job of 40 years from CenterPoint Energy.

2022 | GEDP DEVELOPER PROFILE | 5

LEADERSHIP 2022

The GEDP is a membership-based organization. Each year the membership elects individuals to the GEDP Executive Committee. This committee provides the driving leadership and vision to the work of the GEDP. The Executive Committee elects the Officers of the GEDP to serve a two-year term.

OFFICERS

CHAIR: Keith Bassett Bassett Family Interests

VICE CHAIR: Myles Shelton Galveston College

TREASURER: William Rider Rider & Wilson

SECRETARY: John Kelso J.W. Kelso

IMMEDIATE PAST CHAIR: V.J. Tramonte Joe Tramonte Realty

EXECUTIVE COMMITTEE

Howie Bentley Classic Auto Group Galveston

Gale Burkett GB Tech

Darrell Carney Chrysalis Bio Therapeutics

Bill Coltzer Zero/Six Consulting, LLC

Jason Farmer Farmers Alloy Fabricating

Leonard Hale Gulf Copper Harris L. “Shrub” Kempner ** Kempner Capital Management. Jayson Levy** Industrial Material Corporation

Keith Palmer Titan Technologies

Maureen Patton

The Grand 1894 Opera House

Vic Pierson** Moody National Bank

Tim Walsh American National Insurance Company

Fred Raschke** Mills Shirley, LLP

Jimmy Rasmussen** Hometown Bank Marie Robb Coastal Solutions, Inc Jose Sanchez CenterPoint Energy

Todd Scott Great Scott Enterprises

Johnny Smecca** Galveston Restaurant Group Todd Sullivan Sullivan Interests Leonard Woolsey The Daily News

EX-OFFICIO MEMBERS

Craig Brown

Mayor, City of Galveston

Jay Carnes Chair of Galveston Regional Chamber of Commerce

Kelly de Schaun CEO, Park Board of Trustees

Michael Fossum COO, Texas A&M University at Galveston

Jerry Gibson Superintendent, GISD

Brian Maxwell City Manager, City of Galveston

Charles P. Mouton

UTMB President-ad interim Rodger Rees Port Director

Gina Spagnola President of Chamber

* Alternates: Aaron LeMay - UTMB

**Past Chair

6 | GEDP DEVELOPER PROFILE | 2022
GEDP OVERVIEW

At CenterPoint Energy, we understand our responsibility to deliver the reliable service we all depend on.

Our electric grid is more than just transmission infrastructure, it’s a part of an ecosystem that supports economic vitality. You depend on

it to keep the lights on in your business and it’s necessary for your day-to-day operations. That’s why we’re continuously enhancing our electric infrastructure by upgrading technology, replacing aging equipment and focusing on solutions to help reduce outages and improve the reliability of your power.

To learn more about how we can help, visit CenterPointEnergy.com/Business.

Helping power Galveston’s economic growth.

©2022 CenterPoint Energy 221024-03

Years ago information for economic development consisted of volumes of data ranging from available properties to utilities, incentives, workforce data, socioeconomic information, economic climate and other attributes. Today, methods are more sophisticated for site selection, expansion and diversification through software programs and internet access to resource agencies from the local, regional, state, and federal levels.

The GEDP maintains a wide array of information compiled for these purposes, creating a one-stop-shop for data relating to Galveston and surrounding areas. The information utilized is not only for business development purposes, but also for community development initiatives throughout our City.

Data by itself is only one element in decision making. With qualified information and assessments merged, value is added, creating a compelling representation of how the Galveston economy ebbs and flows over time.

Some of these data points include:

• Population: both daytime and other

• Quantity of Students in schools

• Number of residents full time

• Number of commuters

• Number of Visitors

• Second Homeowners

• Employment numbers

• Cost of Living index vs US

• Number of local workers vs commuters

• Where workers are commuting from

• Hotel Occupancy Tax collected

• Number of Emerging Tech companies

There are a vast number of data points to help with site selection or other informational gathering needs. The GEDP, in partnership with stakeholders, are working to expand Galveston’s employment and tax bases.

The GEDP is your Information Clearinghouse helping you evaluate investment possibilities including economic incentives; site selection; project development and all the information you will need to start or grow your business.

At the GEDP, we assist prospective business and individuals with the tools necessary to help you navigate a path forward.

Go online to www.gedp.org to learn more.

8 | GEDP DEVELOPER PROFILE | 2022
GEDP OVERVIEW
2022 | GEDP DEVELOPER PROFILE | 9 GEDP OVERVIEW Easily search for your perfect location in Galveston using our new interactive site selection tool at GEDP.org.
Supports customized and standard searches by location, numerous property details, incentives, zoning, etc.
Includes side-by-side comparisons of commercial properties
3-D Rendering feature allows drawing of various building plans on a chosen site for your project. Access to critical demographic and community analysis tools, business reports and workforce data. Explore data and statistics including: • Available labor force • Economic indicators • Infrastructure • Businesses • Industries • Community profile • And more Produce presentation ready charts and infographics. Contact the GEDP today to learn more about how this resource is growing. 409-770-0216 | info@gedp.org | gedp.org Thank you to Moody Bank and Joe Tramonte Realty for being sponsors. Join us in building this user-friendly site selection tool for Galveston.

BECOME A MEMBER

Membership is open to anyone interested in becoming part of a dynamic and ever-changing economic base of Galveston.

The GEDP was established in 1999 and has established a proven track record in developing and facilitating ideas, projects and initiatives beneficial to the greater Galveston region.

Membership benefits include the ability to network and engage in business development opportunities across Galveston Island and beyond.

Each year the GEDP hosts the Economic Development Summit to allow community leaders, business owners, planners and members the chance to hear from a series of leaders discussing the state of our city and county.

As the leading economic force of Galveston, the GEDP has developed four working task forces. These task forces are led by volunteer chairs and members of the GEDP who give their time, talents and expertise to work for a better and stronger Galveston.

Plans for 2023 include additional benefits and more educational opportunities for our members. Our “Member Blenders” offer a monthly gathering to learn about our members and support each other.

Go online or call our office for membership information.

www.GEDP.org | 409-770-0216

SERVICES OF THE GEDP

CORE VALUES ESTABLISHED THE DAY GEDP WAS ORGANIZED ARE THE SAME TODAY:

• To expand employment opportunities and tax base

• Task Force Continuation

• Economic impact of supported activities

• Comprehensive Economic Database

• One-Stop Shop Delivery System

• Proactive Business Climate

• Realistic Incentive Base for Stimulating Private Sector Investment

• Middle-income and Housing Expansion

• Business Continuity and Disaster Preparedness initiatives

• Qualified Labor Pool for Workforce

• Strategic Alliances with Local and Regional Entities

TASK FORCES - ESSENTIAL TO WORK OF GEDP

GEDP Members maximize participation through involvement with Task Forces, Sub-Committees, Webinars, Special Events and access to regional data, information and analysis. Working with our members and community partners, we help build stronger connections, better resources and innovative opportunities for Galveston’s businesses and community. Any GEDP member may join a task force.

Industry & Transportation:

Member Engagement:

Emerging Technology:

Business Continuity/Resilience:

Chair: Myles Shelton-Galveston College

Vice Chair: Keith Palmer - Titan Technologies

Chair: Billy Coltzer - Zero Six Consulting

Vice Chair: Mark Conrad - Express Employment

Chair: Darrell Carney - Chrysalis Bio Therapeutics

Vice Chair: Marie Robb-Coastal Solutions, Inc.

Chair: Gale Burkett - GB Tech

Vice Chair: Garry Kaufman-Galveston Insurance Assoc.

LEVERAGING ASSETS, RESOURCES AND LEADERSHIP

The GEDP has established a professional track record of collaboration and leveraging people, projects and opportunities for more than 20 years. The strength of the GEDP is the direct result of the caliber of members and the leadership of the Executive Committee who volunteer in the effort of growing Galveston. These attributes have resulted in recognition over the years from both the Texas Economic Development Council and the International Economic Development Council.

10 | GEDP DEVELOPER PROFILE | 2022 GEDP OVERVIEW

Galveston’s major economic drivers all continue to experience growth

WELCOME TO GALVESTON

An island community rich in history and opportunity, Galveston is the ideal place to live, work, and raise a family.

Galveston’s location – situated on the Gulf of Mexico and the first stop on Interstate 45, coupled with its close proximity to Houston – is just one reason the island has been an integral part of commerce in Texas over the past 183 years. Galveston’s major economic drivers all continue to experience growth, further strengthening our position within the state’s economy and the greater Gulf Coast.

From a development standpoint, the City is leading by example, prioritizing investment in our critical infrastructure, such as streets, water and drainage, to enhance development opportunities and the quality of life for our citizens and visitors on Galveston Island.

The Port of Galveston anticipates accelerated growth in the cruise industry, with the recent completion of its third cruise terminal. The implementation of its strategic master plan and the prioritization of infrastructure reinvestment will lead the way to further growth in its cargo lines.

Galveston Island remains a top tourist destination. The diversification and investment into this sector of our local economy continues to increase annual visitation numbers which helps support the numerous local businesses.

Major investments are being made to support our future workforce. Our citizens’ recent approval of over $300 million in school bonds, emphasizes a commitment to providing exceptional educational opportunities for the students of the Galveston Independent School District. Our higher education campuses - University of Texas Medical Branch, Texas A&M at Galveston and Galveston College - have all made similar investments in providing state-ofthe-art facilities, have experienced growth in enrollment and remain leaders in their respective classifications.

As Mayor of Galveston, I welcome your interest in pursuing opportunities in this vibrant and beautiful island that I am honored to call home.

2022 | GEDP DEVELOPER PROFILE | 13
THE
OUR
MEET
COUNCIL MEMBERS City Council and the mayor establish policy through the adoption of ordinances. The six council positions are elected by district to twoyear terms and the mayor is elected at large to a two-year term. Council positions are eligible to serve up to three two-year terms.
Sharon B. Lewis District 1 Mike “Mikey” Bouvier District 4 William Schuster District 2 David Collins District 3 John Paul Listowski District 5 Marie Robb District 6

Founded in 1839, Galveston offers an abundance of resources that culminate into a community rich in history, diversified with significant public and private sector assets and an open portal for sustainable growth and development opportunities.

Situated on the Gulf Coast of Texas, Galveston Island boasts 32 miles of beaches, a historic downtown, busy cruise terminal and several attractions. The deep water port is one of the finest on the Gulf Coast. Galveston is home to one of the largest insurance companies in the U.S. and one of the first medical schools and comprehensive medical centers in the state.

The economic base is comprised primarily through the maritime, tourism, education, health care and emerging technology sectors. The port has a deep-water channel beaming with potential, an ever expanding coastal tourism destination and the home of the world-class education, research and heath care advances. Insurance, finance, commercial and institutional sectors also play a significant role within the overall Galveston economy.

These assets coupled with a City significantly investing in infrastructure, transportation, parks and neighborhoods create a unique location for business development, and exceptional quality of life.

Living in Galveston is a highly favored lifestyle alternative to the urban and suburban communities off the island. Most of all, Galveston is the perfect location to live, work and invest for the future.

DIVERSE POPULATION

Galveston boasts a large and diverse daily population. Most days, it nearly DOUBLES due to its commuting workforce, college students, second homeowners and healthy tourism population. Base Population 53,695 (total population in Texas 29,145,505) US Census 2020 Dicennial Census Visitors 19,726 avg daily visitors based on 6.5M visitors per year

14 | GEDP DEVELOPER PROFILE | 2022
GALVESTON ECONOMIC CLIMATE
College
Commuting Employees 20,000 avg daily commuting workforce
Students 8,540 Female Male 49.6% 50.4%
Source: Galveston Central Appraisal District * Navigation District 1 boundary includes all properties east of 103rd Street **Per $100 assessed value GALVESTON, TEXAS Housing Units 34,259 Households 21,683 Families 77.0% Non Families 23.0% Avg Household Size 2.89 Median Age 39.9 Median Household Income $51,280 Median Family Income $69,046 Employment Rate 53.3% Second Homeowners 78% on West End of Galveston HOUSING AND INCOME CITY OF GALVESTON GALVESTON ISD GALVESTON COLLEGE NAVIGATION DISTRICT * GALVESTON COUNTY COUNTY ROAD & FLOOD 2021 .498500 .963200 .146188 .033835 .414940 .009596 2.066223** TOTALS PROPERTY TAX RATES 2022 .444500 1.035000 .367587 .028537 .367587 .008443 2.016067** GALVESTON PROPERTY TAX REVENUES PROPERTIES APPRAISED VALUE ASSESSED VALUE ADJUSTED VALUE 2020 35,158 $10,615,600,416 $10,440,271,225 $7,272,488,681 $108,247,534 2021 32,694 $12,632,394,219 $12,114,327,677 $7,404,831,358 $141,907,142 YEAR New Taxable Value Added (80% Residential/20% Commercial) (90% Residential/10% Commercial)

GALVESTON ECONOMIC CLIMATE

EDUCATION

Unlike many cities its size, Galveston has the distinct advantage of serving as home to three higher level educational institutions.

• Galveston College -enrollment 2,300 each semester

• Texas A&M University at Galveston -enrollment 2,300 each semester

• University of Texas Medical Branch at Galveston -enrollment 3,940 each semester

The Galveston public school district offers a tremendous amount of instructional opportunities at its campuses with magnet programs dotting the district and numerous certification programs that allow students secure living wage jobs before or after graduation. Middle schools offer a variety of Pre-Advanced Placement credits, and Ball High has access to free or discounted dual credit hour from Galveston College or a multitude of Advance Placement classes. In addition, GISD offers a full slate of fine arts, athletic teams and programs.

Galveston ISD serves about 7,000 students on Galveston Island and Bolivar Peninsula.

Each of Galveston’s industry sectors have established excellence within their respective areas. Investor confidence in Galveston is supported through a proactive City that is investing in infrastructure, neighborhoods and parks. Educational institutions are growing (programs, student populations and facilities) and the critical mass for greater opportunities in emerging technology sector exist locally and regionally for life sciences, maritime, petrochemical, aerospace/aviation, sports tourism, resilience, environmental and more.

The maritime industry is positioned geographically, logistically and strategically for future expansion and diversification.

Tourism related investments in beach nourishment, cruise terminal expansions, and a robust private sector in the restaurant, hospitality, convention and tourism attraction markets continue leading the region.

Combining this with our location in close proximity to the 4th largest City in the Country - Houston, the Gulf of Mexico, NASA - Johnson Space Center and so much more – Galveston is poised to continue moving forward in a meaningful way.

THE FACTS

• Approximately 40,000 jobs are on the island (ESRI)

• Approximately 94% of Galveston businesses have fewer than 50 employees

• Strongest forecast for jobs is expected for Accommodations and Food Service (+183), Educational Services (+134), Health Care and Social Assistance (+71)

21,906 57.1%

2,135 56.0%

3,307 8.6%

9,719 25.3%

1,071 2.8%

0.6%

2022 | GEDP DEVELOPER PROFILE | 15
85.7% HIGH SCHOOL GRADS OR MORE BACHELORS DEGREE OR MORE 30.3%
EMPLOYMENT BY TYPE: Private
Self-Employment
Local Government
State Government
Federal Government
Other
(Source:
GALVESTON SALES TAX REVENUES GROSS SALES AMT SUBJECT TO STATE TAX NUMBER OF OUTLETS ALLOCATION TO CITY 2019 $2,264,221,646 $823,707,880 2,098 $22,529,010.80 YEAR 2020 $1,656,201,617 $ 717,030,303 2,111 $21,788,196.23 2021 $2,334,251,232 $ 944,053,882 2,159 $ 25,182,302.17 Source: State Comptroller COST OF LIVING INDEX: The Cost of Living index estimates the relative price levels for consumer goods and services. When applied to wages and salaries, the result is a measure of relative purchasing power. The cost of living is 5.3% lower in Galveston than the US Average. Source Job:EQ2022 GALVESTON TOP 10 EMPLOYERS
JobsEQ) EMPLOYMENT CENTER OF GALVESTON COUNTY

TAXPAYER

NAME TAXABLE

Rig Repair $ 9,069,590

COMPREHENSIVE

City of Galveston

PLANS

Comprehensive Annual Financial Report ACFR2021 (galvestontx.org)

Galveston Island Park Board: Master Plans Maps & Plans | Galveston Park Board, TX

Evia Partners, LTD $ ,482,680

Chiron RCAF, LLC $1,287,220

San Luis Development Corp $ 721,850

Campeche Shores Development Company LLC $416,450

TAXPAYER NAME TAXABLE VALUE

CenterPoint Energy Houston $63,611,320

Texas International Terminals $60,407,350

Seawall Hospitality, LLC $44,235,869

Galveston Independent School District Galveston ISD Strategic Plan 2017-2022 www.gisd.org/explore-gisd/about-us/gisd-strategic-plan

University of Texas Medical Branch

The UTMB Strategic Plan – Institutional Vision 2021 - 2025 https://www.utmb.edu/strategic-plan

Texas A&M University at Galveston:2020 – 2025 Strategic Plan 2020-2025-StrategicPlan-Abridged.pdf

Galveston College: 2022 – 2027 Strategic Plan gc.edu/about-gc/administration/strategic-plan.php

Port of Galveston: Strategic Master Plan Port-of-Galveston-Strategic-Master-Plan-FINAL-Report-121219

Scholes International Airport: Master Plan www.galvestonairport.com/master-plan

16 | GEDP DEVELOPER PROFILE | 2022 GALVESTON TOP TAXPAYERS
OF GALVESTON TOP TAXPAYERS COMMERCIAL REAL/PERSONAL PROPERTY INDUSTRIAL REAL/PERSONAL PROPERTY RESIDENTIAL INVENTORY/VACANT LOT/IMPROVEMENT GALVESTON CITY COMPILATION OF ALL PROPERTY TYPES TAXPAYER NAME TAXABLE VALUE
Insurance Company
Properties LLC
International Terminals $60,407,350
Storage Terminal LLC
Commodities LLC $14,446,180 Gulf Copper Drydock &
Galveston Economic Development Partnership and the City of Galveston Economic Development Plan CITY
Fertitta Hospitality, Inc $80,250,000 Seawall Hospitality, LLC $44,235,759 HAF Hospitality Tremont Realty, LLC $37,696,780 American National
$30,458,120 33rd Street
$25,000,000 Texas
Pelican Island
$16,061,170 Freepoint
Gulf Sulphur Services LTD LLP $ 8,404,050 VALUE
TAXPAYER NAME TAXABLE VALUE
Beachtown Galveston Village One, LTD* $ 3,616,420
Fertitta Hospitality, Inc $82,776,550
2014 Galveston Jones Drive, LLC $37,881,500
* Beachtown is located in TIRZ 13 (Tax increment Reinvestment Zone)

• Luxury Apartment Complex on East Beach $50m

• Hotel at 23rd Ave P 1/2 $4m

• Hometown Bank on Seawall $2m • Carwash on 61st Street $1.6m • New subdivision, Hideaway Estates infrastructure $1.5m

• Compass Point Apts Community Center Renovations (former Sandpiper Cove) $6m • Rehab of Cotton Exchange building into 20 Multi-Family units $4.5m • Indoor Storage in Former American Indemnity (front building) $4m • Renovations to Commodore Hotel $1.76m • Addition - Solar Support at New Royal Caribbean Cruise Terminal $1.34m

2022 | GEDP DEVELOPER PROFILE | 17 CITY OF GALVESTON 2022 PERMIT ANALYSIS COMMERCIAL PROJECTS: ADDITIONS NEW REPAIR/REMODEL COMMERCIAL - OTHER COMMERCIAL BUILDING PERMITS SUBTOTAL COMMERCIAL BUILDING PERMITS 14 COMMERCIAL PROJECTS OVER $1M IN VALUE • 5 New • 9 Repair/Rehab New Commercial Developments:
Commercial Rehab and/or Additions:
Major
Tax-Exempt Projects:
ACCESSORY STRUCTURE ADDITIONS ELEVATION NEW REPAIR/REMODEL RESIDENTIAL OTHER SUBTOTAL RESIDENTIAL BUILDING PERMITS RESIDENTIAL BUILDING PERMITS JOB VALUE OF PERMITS NUMBER OF PERMITS $ 1,350,736 $ 3,540,526 $ 26,200 $ 97,979,594 $ 17,318,122 $51,500 $ 120,266,678 45 69 2 260 748 2 1,126 12 RESIDENTIAL PROJECTS HAD JOB VALUE OVER $1M RESIDENTIAL PROJECTS 1,126 permits; valued at $120,344,378
Major
• Shriner’s Hospital improvements (2nd floor) $1.5m

GALVESTON DEVELOPMENT PROCESS

GALVESTON OVERVIEW

ity staff and GEDP staff worked together to develop and finalize an economic development plan for the City of Galveston. The plan focuses on how the City of Galveston can actively promote growth and development across the island. It is also designed to promote sustainable and substantive growth and redevelopment. This has been the building block for conversations with key stakeholders across the community and across the Greater Houston Area.

City staff and GEDP staff worked together to develop and finalize an economic development plan for the City of Galveston. The plan focuses on how the City of Galveston can actively promote growth and development across the island. It is also designed to promote sustainable and substantive growth and redevelopment. This has been the building block for conversations with key stakeholders across the community and across the Greater Houston Area.

As part of the Economic Development Plan, recommendations were brought forth to consider for short, medium and long term goals. A summary of the goals are listed below.

As part of the Economic Development Plan, recommendations were brought forth to consider for short, medium and long term goals. A summary of the goals are listed below.

1. PRIORITIZE ECONOMIC DEVELOPMENT AS A SPECIFIC INITIATIVE FOR THE CITY OF GALVESTON

1. PRIORITIZE ECONOMIC DEVELOPMENT AS A SPECIFIC INITIATIVE FOR THE CITY OF GALVESTON

Creating a business development flow chart has been listed as a priority, in order to streamline the development process. The City Economic Development Coordinator has been tasked with serving as an ombudsman, in order to assist major projects through the process ensuring roadblocks are avoided.

A business development flowchart has been listed as a priority, in order to streamline the development process. The Economic Development Coordinator has been tasked with serving as a development ombudsman in order to assist any projects through the development process to ensure any roadblocks are avoided.

2. IMPLEMENT BROADWAY CORRIDOR ECONOMIC DEVELOPMENT PROGRAM

2. IMPLEMENT BROADWAY CORRIDOR ECONOMIC DEVELOPMENT PROGRAM

The implementation of this recommendation would potentially include a program to incentivize property owners along the Broadway Corridor to focus on aesthetics of their property along a vital corridor in Galveston.

The implementation of this recommendation would potentially include a program to incentivize property owners along the Broadway Corridor to focus on aesthetics of their property along a vital corridor in Galveston.

3. DESIGNATE THE NORTH BROADWAY DISTRICT FOR INFILL REDEVELOPMENT

3. DESIGNATE THE NORTH BROADWAY DISTRICT FOR INFILL REDEVELOPMENT

North Broadway has seen a significant amount of investment in infrastructure and the growth of business down West Market Street and the beginning of a power center at the Falstaff Brewery. This recommendation proposes to take this further and actively seek opportunities in the district for infill development.

North Broadway has seen a significant amount of investment in infrastructure and the growth of business down West Market Street and the beginning of a power center at the Falstaff Brewery. This recommendation proposes to take this further and actively seek opportunities in the district for infill development.

4. COMPLETE EXISTING PROJECTS IN THE PIPELINE

4. COMPLETE EXISTING PROJECTS IN THE PIPELINE

This recommendation includes existing capital projects, long term community development goals, and rehabilitation of vital corridors.

This recommendation includes existing capital projects, long term community development goals, and rehabilitation of vital corridors.

5. DEVELOP AN ECONOMIC PLAY BOOK FOR TRACKING DEVELOPMENT INITIATIVES WITH OUTSIDE AGENCIES/ENTITIES.

5. DEVELOP AN ECONOMIC PLAYBOOK FOR TRACKING INITIATIVES WITH OUTSIDE AGENCIES ENTITIES.

An implementation plan has been approved by the IDC and currently in development through City staff and multiple stakeholders across Galveston.

An implementation plan has been approved by the IDC and currently in development through City staff and multiple stakeholders across Galveston.

6.

6. EMPOWER

EMPOWER THE GALVESTON ISLAND REDEVELOPMENT AUTHORITY (RDA), TO BECOME THE REDEVELOPMENT ENTITY FOR THE CITY OF

GALVESTON

THE GALVESTON ISLAND REDEVELOPMENT AUTHORITY (RDA), TO BECOME THE REDEVELOPMENT ENTITY FOR THE CITY OF GALVESTON

The recommendation calls for a more robust redevelopment authority that can be used to target certain districts and areas within the City of Galveston to focus on investment and redevelopment.

The recommendation calls for a more robust redevelopment authority that can be used to target certain districts and areas within the City of Galveston to focus on investment and redevelopment.

DEVELOPMENT PROCESS

This is a typical development process, additional steps and approvals might be necessary depending upon the project

For Planning Projects and Building Permits

STEP 1

Have a Pre-Development Meeting with Development Services Team

You may meet with Staff to review your proposal although it is not required.

Staff will provide you with opportunities, constraints, and potential issues.

Goal: Expose any potential issues early, and mitigate house issues.

* meetings are currently held virtually

PLANNING PROJECTS APPROVAL PROCESS

STEP 2

Rezoning/SUPs

After a pre-development meeting, it's determined whether a rezoning or a special use permit is necessary.

If no zoning change or replatting is necessary, Project can be submitted for Building Permit process - proceed to step 6.

INFRASTRUCTURE NEEDS

If the current infrastructure is inadequate or does not exist, a separate meeting with Public Utilities and Engineering will be necessary.

STEP 3

Master Plans/Platting

If the property is part of phased development, master plans need to be submitted to the City of Galveston.

If a replat, preliminary plat or final plat is required, the Planning Commission is required to take action.

In order for a plat to be recorded, infrastructure must be in place in order to serve the proposed development.

STEP 4

SUBMIT APPLICATION

Submit an application through the online portal. Documents should include: Application, Plans, Proof of ownership and other pertinent Documents

PLANNING REVIEWS

Plans are reviewed by City departments and any required outside agencies. Comments are posted for review and further action or revisions, if needed.

MAKE REVISIONS

Revise your project, and address comments.

STEP 5

PRESENT AT PUBLIC MEETING

Site Plans, Zoning Change, and Planned Developments require action from Landamrk Commission

Planning Commission, Zoning Board of Adjustments, Building Board of Adjustments, and City Council.

18 | GEDP DEVELOPER PROFILE | 2022
18 | GEDP DEVELOPER PROFILE | 2022
C

ECONOMIC DEVELOPMENT FLOW CHART

ECONOMIC DEVELOPMENT FLOW CHART

The City of Galveston and the GEDP collaborate on bringing projects forward within Galveston. The flow chart below identifies the project development pathway for processing projects as they develop within Galveston.

CITY OF GALVESTON

2022 | GEDP DEVELOPER PROFILE | 19
2022 | GEDP DEVELOPER PROFILE | 19
OVERVIEW
GALVESTON
SUBMIT BUILDING PERMIT APPLICATION
PLAN REVIEW Includes: Planning, Fire, Engineering,
PUBLIC IMPROVEMENTS INSPECTED All Public improvements
Utilities
RECEIVE BUILDING PERMIT SCHEDULE BUILDING INSPECTIONS RECEIVE CERTIFICATE OF OCCUPANCY STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 STEP 11 STEP 12 CITY STAFF GEDP STAFF (or other entity depending on project) PROJECT IDENTIFICATION
(public works, planning/zoning, building, incentives, transportation, etc.)
(site location, project structuring, coordination with other entites, etc.)
(site location, project structuring, planning/zoning, project feasibility, etc.) (Project presented to city administration) PROJECT DETERMINATION (GO-NO-GO)
(Project
Submit an application through the online portal. Documentation Includes: Application, Plans, Other Documents, Fees.
Plumbing, Floodplain Mgmt, Coastal Resources and Building Official.
are inspected by Engineering,
and Fire.
CITY COORDINATOR
GEDP COORDINATOR
DUE DILIGENCE
PROJECT DETERMINATION
sent to PC/Boards then to City Council) CITY OF GALVESTON
BUILDING PERMIT S APPROVAL PROCES S Commence Construction of project. SUBMIT BUILDING PERMIT APPLICATION Submit an application through the online portal. Documentation includes: • Application • Plans • Other Documents • Fees PLAN REVIEW Includes: • Planning • Fire • Engineering • Plumbing • Floodplain • Mgmt. Coastal Resources and Building Official PUBLIC IMPROVEMENTS INSPECTED All Public improvements are inspected by: • Engineering • Utilities • Fire RECEIVE BUILDING PERMIT Commence Construction of project SCHEDULE BUILDING INSPECTIONS RECEIVE CERTIFICATE OF OCCUPANCY GALVESTON DEVELOPMENT PROCESS
The City of Galveston and the GEDP collaborate on bringing projects forward within Galveston. The flow chart below identifies the project development pathway for processing projects as they develop within Galveston.

GALVESTON INFRASTRUCTURE PROJECTS

The City of Galveston has a number of major infrastructure improvement projects taking place or being planned across the entire island. Projects are primarily focused on Drainage, Water and Sanitary Sewer improvements, Street paving projects to improve resiliency and provide opportunities for future development. The City is also planning upgrades to facilities and additional investment and improvements to parks to better serve our community. Projects are primarily funded through grants, bonds, enterprise and/or IDC funds.

The City of Galveston has a number of major infrastructure improvement projects taking place or being planned across the entire island. Projects are primarily focused on Drainage, Water and Sanitary Sewer improvements, Street paving projects to improve resiliency and provide opportunities for future development. The City is also planning upgrades to facilities and additional investment and improvements to parks to better serve our community. Projects are primarily funded through grants, bonds, enterprise and/or IDC funds.

Below are highlights of a few major projects:

Below are highlights of a few major projects:

14th Street Pump Station: This $43 million project, currently in the design phase, includes construction of new storm drain systems in the general vicinity of the area bounded by 13th Street and 17th Street, from the Ship Channel up to Seawall Blvd.

14th Street Pump Station: This $43 million project, currently in the design phase, includes construction of new storm drain systems in the general vicinity of the area bounded by 13th Street and 17th Street, from the Ship Channel up to Seawall Blvd.

The improvements include storm drain connections to the side streets, leads and inlets at appropriate spacing, and restoration of pavement. In addition, the project improvement area includes an outfall pump station on the Galveston Ship Channel end of the proposed storm drain system. Construction is estimated to be completed by December 2023

The improvements include storm drain connections to the side streets, leads and inlets at appropriate spacing, and restoration of pavement. In addition, the project improvement area includes an outfall pump station on the Galveston Ship Channel end of the proposed storm drain system. Construction is estimated to be completed by December 2023.

18th St Storm Sewer project - Ship Channel to Ave N: The project encompasses the area from Shipping Channel to Ave N, then splits to 17th & 19th St to Ave O & Ave O -1/2. The existing vitrified clay storm sewer system in 18th Street to the Galveston Ship Channel is old and structurally unsound. This has resulted in numerous repairs to the old system. The existing clay storm sewer will be replaced and upgraded to the recommendations in the Master Drainage Study for an estimated cost of $17.3 million.

OTHER PROJECTS ON THE HORIZON

OTHER PROJECTS ON THE HORIZON

The project encompasses the area from Shipping Channel to Ave N, then splits to 17th & 19th St to Ave O & Ave O-1/2. The existing vitrified clay storm sewer system in 18th Street to the Galveston Ship Channel is old and structurally unsound. This has resulted in numerous repairs to the old system. The existing clay storm sewer will be replaced and upgraded to the recommendations in the Master Drainage Study for an estimated cost of $17.3 million.

• 59th Street Pump Station GST

• 59th Street Pump Station GST

Avenue S Street project, 53 Street

includes the complete reconstruction of Avenue S, starting at 53rd St and heading east to Seawall Blvd. Improvements include replacing the asphalt street with a concrete street, replacement of water line, and reconstruction curbs and gutters.

• Downtown Streetscape: Strand to Postoffice

• Downtown Streetscape: Strand to Postoffice

• 23rd St Recon: Broadway to Seawall

• 23rd St Recon: Broadway to Seawall

• 37th St Storm Sewer: Broadway to Seawall

• 37th St Storm Sewer: Broadway to Seawall

• 35th St Storm Sewer: Broadway to Church

• City Hall: 4th Floor Demolition

• 35th St Storm Sewer: Broadway to Church

• South Shore Pump Station

• City Hall: 4th Floor Demolition

• Stormwater Master Plan

• South Shore Pump Station

• Stormwater Master Plan

• Causeway Waterline

• 23rd Street Waterline Realignment

• Causeway Waterline 23rd Street Waterline Realignment 20th Street Waterline Realignment 11 Mile Road Drainage Improvements

Pocket Park #3 – Parking Lot Improvements Church St Storm Sewer - 33rd to 37th St

• 20th Street Waterline Realignment

• 11 Mile Road Drainage Improvements

UPCOMING PROJECTS

• Pocket Park #3 – Parking Lot Improvements

Water Master Plan Update

Sanitary Sewer Master Plan Update

• Church St Storm Sewer - 33rd to 37th St.

IH45/61st Street Flyover Utility Relocations

Avenue S Street project, 53rd Street to Seawall: This Galveston County project includes the complete reconstruction of Avenue S, starting at 53rd St and heading east to Seawall Blvd. Improvements include replacing the asphalt street with a concrete street, replacement of water line, and reconstruction curbs and gutters.

Airport Pump Station, Phase II:

Airport Pump Station, Phase II: Construction of a • new 5-million-gallon water

UPCOMING PROJECTS

Jones Dr. Bridge Maintenance

• Skymaster Road Boat Launch

• Water Master Plan Update

• 10 Mile Road Elevated Storage Tank

• Sanitary Sewer Master Plan Update

• Pirates Beach WWTP & LS #35 Replacement & LS #45 & 47 Improvements

• Jones Dr. Bridge Maintenance

Lift Station Improvements: #13, 18, 30, 51, 53 & 55

• Skymaster Road Boat Launch

ground storage tank (GST) at the Airport Pump Station. The

Construction of a new 5-million-gallon water ground storage tank (GST) at the Airport Pump Station. The project is needed to protect the City’s water supply from the risk of contamination from flood waters and ensure the proper water quality and pressure to the west end. The project is in the design phase and the estimated cost is $11.4 million.

• Lift Station Improvements: #6, 8 & 26

• 10 Mile Road Elevated Storage Tank

• Pirates Beach WWTP & LS #35 Replacement & LS #45 & 47 Improvements

project is needed to protect the City's water supply from the risk of contamination from flood waters and ensure the proper water quality and pressure to the west end. The project is in the design phase and the estimated cost is $11.4 million.

• Lift Station Improvements: #13, 18, 30, 51, 53& 55

• Lift Station Improvements: #6, 8 & 26

| |
• IH45/61st Street Flyover Utility Relocations
to Seawall
CITY I NFRASTRUCTURE P ROJECTS

STRATEGIC INVESTMENT AREAS

Galveston is blessed with a number of areas (sectors) that maintain a distinct feel within their geographic region for the city. The city has been moving forward within a series of strategic “corridors” emphasizing sense of place, landscaping and street-scaping improvements for the benefit of the corridors. Moving forward, development of additional planning for strategic investment areas combined with the recent success of corridor redevelopment by the city create an opportunity for future development.

The following locations are generally considered strategic investment areas that possess the potential of even greater development/redevelopment for Galveston overall.

• Broadway Corridor

• North Broadway/West Market Street

• Airport / Moody Gardens

• Gateway District

• UTMB / Strand Corridor

• Port of Galveston / Pelican Island

• Seawall Boulevard/East Beach

• West Market Street

• West End

• Harborside Drive (Port Industrial)

• 61st Street Corridor

• Central Business District (Strand, Postoffice, etc.)

GALVESTON OPPORTUNITIES

OPPORTUNITIES AWAIT IN BUSINESS AND INDUSTRY

MAJOR INDUSTRIES:

• Healthcare, Emerging Technology & Education

• Maritime and Support Services for Offshore Oil and gas

• Tourism and Hospitality

LOCATION:

• 30 Minutes South of Houston

• On the Gulf of Mexico, or Texas Gulf Coast

• 35 Minutes from Hobby Airport

OPPORTUNITIES FOR INVESTMENT:

• Scholes International Airport

• Pelican Island

• Port of Galveston

• Strategic Investment Areas

• Cargo warehousing and distribution

MULTI-MODAL TRANSPORTATION:

• Trucking- I-45 to Houston and beyond

• Rail-2 Class 1 Rail Lines

• Scholes International Airport

• Galveston Ship Channel

OPPORTUNITY ZONE-GALVESTON

According to the IRS, an Opportunity Zone is an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as opportunity zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.

Opportunity zones were added to the Tax code by the Tax Cuts and Jobs Act in 2017. These are economic development tools - that is, they are designed to spur economic development and job creation in distressed communities by providing tax benefits to investors. These investors can defer tax on any prior gains invested in

a Qualified Opportunity Fund (QOF) until the earlier of the date on which the investment in a QOF is sold or exchanged or December 31, 2026. If the QOF investment is held for longer than five years, there is a 10% exclusion of the deferred gain. If held for more than 7 years, the 10% becomes 15%. Second, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor is eligible for an increase in basis of the QOF investment equal to its fair market value on the date that the QOF investment is sold or exchanged.

Galveston’s Opportunity Zone stretches along Seawall Blvd from about 53rd Street all the way down to the east end of the island and covers much of the eastern tip of the island.

2022 | GEDP DEVELOPER PROFILE | 21
The Falstaff Building prior to renovations

REAL ESTATE OVERVIEW

GALVESTON ISLAND RESIDENTIAL MARKET RECAP 2021 vs

GALVESTON DOLLAR VOLUME

2020

#

2021 2020 % CHANGE 2021 2020 % CHANGE

OF SOLD TRANSACTIONS ISLAND

All Galveston Island $635,620,274 $485,566,101 +31% 1295 1195 +8%

West Galveston Island:

Sunny Beach to Point West, Beach to Bay $389,943,479 $300,961,675 +30% 590 587 +1%

Near West Galveston Island

61st Street to Sunny Beach, Beach to Bay $41,868,461 $40,058,782 +5% 112 107 +5%

Colony Park $1,567,300 $2,740,500 - 43% 4 7 - 43%

Havre Lafitte $7,361,500 $6,696,500 +10% 16 14 +14%

Campeche Cove $2,659,900 $1,366,000 +95% 7 5 +40%

Evia $4,966,000 $8,040,870 -38% 9 16 -44%

Mid Galveston Island:

25th Street to 61st Street, Beach to Bay $108,937,859 $74,239,232 +47% 370 306 +21%

Cedar Lawn $474,000 $2,625,900 - 82% 1 5 - 80%

Denver Court $2,762,000 $3,595,000 -23% 5 9 -44%

East Galveston Island: East of 25th Street, Beach to Bay $94,638,475 $69,436,772 +36% 222 191 +16%

UTMB/Downtown/East End Lofts & Condos Only $66,605,206 $56,288,900 +18% 180 156 + 15%

ALL RESIDENTIAL SALES ON GALVESTON ISLAND - YEAR OVER YEAR MARKET RECAP 2021 VS. 2020

Average Days on Market

2021: 33 2020: 65 Change: -49%

Median Selling Price 2021: $395,000 2020: $330,000 Change: +20%

WEST END RESIDENTIAL SALES ON GALVESTON ISLAND - YEAR OVER YEAR MARKET RECAP 2021 VS. 2020

Average Days on Market

2021: 30 2020: 69 Change: -57%

Median Selling Price 2021: $557,125 2020: $425,000 Change: +31%

Source: Houston Association of Realtors Multiple Listing Service, January 1–December 31, 2020 & 2021. Data deemed reliable, but not guaranteed by MLS or Broker. Source: Data provided by Sand n Sea Properties

WHO IS THIS INFORMATION FOR AND HOW IS IT USED?

• Property owners can use the information to decide if and when to sell or rent out their homes. In addition, it’s helpful to know the real estate trends for both their market area and Galveston Island as a whole.

• Prospective buyers can research affordability of different areas, view differences in property values across the island, and determine timelines and expectations (e.g., how long homes are sitting on the market).

• Business owners can get a handle on how their area may be growing and changing, and whether that trend is shifting over time. More specifically, the Galveston Economic Development Partnership cites these statistics to businesses considering a move to Galveston.

• Real estate agents who show homes on Galveston Island find this comprehensive real estate tool is valuable as well and eagerly await the report’s annual release.

• Elected officials monitor these real estate market stats to understand Galveston’s recovery since Hurricane Ike and other disasters.

22 | GEDP DEVELOPER PROFILE | 2022

REAL ESTATE OVERVIEW

HOUSING OPTIONS IN GALVESTON

GALVESTON REAL ESTATE

Galveston will never be described as a “cookie cutter” community. Whether your idea of the perfect home is a Coastal themed abode along a waterfront canal, a 19th-century Victorian cottage, an open concept residential Loft in the heart of historic Downtown, or a more traditional dwelling - Galveston has a neighborhood for you.

COASTAL AND WATERFRONT LIVING

Galveston has many neighborhoods with coastal inspired homes along the beaches or on canal. Islanders have the option to enjoy the beautiful sunrise over the beach from the back porch with their morning cup of coffee or ending a hard day’s work with a sunset cruise by hopping in the boat outside your back yard.

HISTORIC NEIGHBORHOODS

Galveston’s historic neighborhoods provide homeowners many unique opportunities. Galveston has one of the country’s most important concentrations of late 19th ad early 20th century architecture, with hundreds of historic structures o the national Register of Historic Places. From Stately mansions to quaint cottages to the conversions of downtown buildings to residential lofts, Galveston’s older neighborhoods offer a wide range of housing options.

REAL ESTATE TRENDS

Galveston’s economic renaissance still continues with investments being made comprehensively across Galveston Island.

While residential sales and transactions have grown this year, renovations have also been on an upward trend. Because Galveston maintains an excellent quality of life and quality of place as a coastal destination, with a small town atmosphere and an abundance of natural resources.

REAL ESTATE ACTIVITY

While investments in Galveston are ongoing and development strong, the current housing market is growing as well.

vs Year End 2021, residential real estate value and transactions have increased. Across the Island the dollar volume of sales increased 31%, following the number of transactions which also increased by 8%.

The highest percentage of transactions occurred on the West End of Galveston, while other high activity levels were reached within many different neighborhoods throughout the island. The median selling price DECREASED -20%, from $330,000 in 2020 to $395,000 in 2021; the average number of days a property was on the market decreased 49% from 65 days to 33 days.

INVESTMENT IN GALVESTON IS STRONG

Real estate sales spiked in the first half of 2022. Like much of the country, Galveston homes and properties were selling fast. Mainly for income investments in rental property and Short Term Rentals (STRs). In the last quarter of 2022 the trend has slowed and there is still a diverse inventory of homes. Whether you are looking to purchase or lease property, the Galveston housing market offers plenty.

See the GEDP Membership list on pages 76-77 for a local Realtor who can help you with housing and investment choices.

2022 | GEDP DEVELOPER PROFILE | 23
2022 | GEDP DEVELOPER PROFILE | 25 SCAN TO CONNECT WITH US WWW.GIA-TX.COM

INVESTMENT OPPORTUNITIES

COMMERCIAL PROPERTIES ON GALVESTON ISLAND

6020

BROADWAY

Great Location! This .4 acre lot is situated on a high-traffic intersection of 61st St and Broadway, near shopping center.

24580 SAN LUIS PASS RD

Land development opportunity on the west end of island, zoned residential, single-family. 62 acre parcel 117446 extending from FM 3005 to bay shoreline.

427 MARKET STREET

Opportunity to lease in new strip center located near high-traffic area of UTMB. Suited for commercial uses such as food, service, retail and more.

These properties and more can be found by going to GEDP.org and using Site Selection

INVESTMENT OPPORTUNITIES

COMMERCIAL PROPERTIES ON GALVESTON ISLAND

8219

TEICHMAN RD

This 5.85 acre waterfront tract is overlooking Moody Gardens. Close to Galveston causeway with easy access to and from Galveston/Houston. Zoning commercial with height/density Zone 1 restrictions.

6923 BROADWAY

Rare find! This .9 acre waterfront tract is on Offatts Bayou. Easy access to and from Houston.

1505 31st

Former location of famous Dr. Pepper processing plant. 3 businesses currently lease space. Land/improvements are approximately 38,000 square feet.

THE PORT OF EVERYTHING

The deep-water Port of Galveston on the Gulf of Mexico is the 4th most popular cruise homeport in the U.S. and a top-50 U.S. cargo port. Our waterfront restaurants, historical museums and hotels give visitors a front-row seat to it all. That’s why we’re the Port of Everything.

+ Cargo
Commercial
portofgalveston.com OUR COMPETITIVE ADVANTAGES • 45 minutes from open seas • 10 minutes to major interstate highway • 2 Class 1 rails and 1 short line • Strong Texas economy and large, diverse workforce • Customer-focused port staff and skilled labor • Foreign Trade Zone #36 on Galveston and Pelican islands
Cruise
+
| | MARITIME OVERVIEW
30 | GEDP DEVELOPER PROFILE | 2022 MARITIME

The Port of Galveston is one of the top 50 cargo ports in the U.S. and one of the busiest in Texas. In 2021, it moved almost 5 million tons of cargo. The port’s diversified range of cargos includes bulk liquid, bulk grains, bulk fertilizer, roll-on/roll-off cargos, fresh fruit, and wind turbine components. We have big plans to grow our cargo business with expansion of our West Port Cargo Complex and other improvements.

WEST PORT CARGO COMPLEX ESSENTIAL FOR GROWTH

The West Port Cargo Complex is a $50 million improvement and expansion project that will increase the Port of Galveston cargo area, improve infrastructure, and position the Galveston Wharves and the Texas economy for growth. Identified as an essential project in the Galveston Wharves 20-Year Strategic Master Plan, this project is vital for our port and the state. The port’s goal is to complete the following improvements by 2024.

THE PROJECT

• Converts existing finger piers and underutilized upland acreage into a 56-acre cargo yard

• Fills outdated slips to gain 18.6 high-value acres

• Creates 2,200 linear feet of docking space

• Improves and expands port ground and rail transportation infrastructure, including a rail spur to the waterfront

• Adds a state-of-the-art security gate and weigh station

THE BENEFITS

• Supports long-term economic growth and international commerce • 423 construction jobs • $23.2 million in wages

$1.7 million in state and local taxes • Enhances cargo movement

• Reduces congestion and improves efficiencies, safety and security

2022 | GEDP DEVELOPER PROFILE | 31 MARITIME OVERVIEW
BEFORE AFTER
GROWING OUR CARGO BUSINESS 1500’
SHIP CHANNEL WEST PORT CARGO COMPLEX
GALVESTON
2021 CARGO STATISTICS Bulk Grains 1.2 million tons Bulk Fertilzer 391,000 tons Bulk Liquids 2 million tons Fresh Fruit 594,000 tons Roll-on/Roll-off 387,000 tons New Vehicles 26,000 tons (13,000 vehicles) Wind & General Cargo 212,000 tons (includes 3,172 wind turbine pieces) TOTAL 4.8 million tons
32 | GEDP DEVELOPER PROFILE | 2022 MARITIME OVERVIEW
FLOURISH. THRIVE. REACH NEW HEIGHTS. THE POWER OF THE PALM MoodyBank.com | 855.259.8075

Galveston Park Board of

out-performing

2020-2021.

PARK BOARD AND VISIT GALVSTON LEADING THE WAY

PARK BOARD AND VISIT GALVESTON LEADING THE WAY

The Galveston Park Board of Trustees and Visit Galveston have greatly assisted in the response and proactive marketing that lead Galveston’s tourism industry through recovery and into the future. With an operational budget of more than $18 million with 13 unique funds, including tourism development, beach cleaning, beach patrol, debt service, grants, beach nourishment, sand replenishment, and general administration.

The Galveston Park Board of Trustees and Visit Galveston have greatly assisted in the response and proactive marketing to lead Galveston’s tourism industry through recovery and into the future. With an operational budget of more than $18 million with 13 unique funds, including tourism development, beach cleaning, beach patrol, debt service, grants, beach nourishment, sand replenishment, and general administration.

YEAR OCCUPANCY ADR REVENUE

2021 72.6% $167.9 $9,174,464 2020 50.8% $115.1 $4,501,370 2019 75.9% $141.9 $7,562,182 2018 74.7% $151.6 $8,009,337 2017 76.9 $147.2 $8,028,574

2021 Economic Impact Study for Tourism

> 6.5 million visitors in 2021 > Lodging and accommodations represent the greatest gains in spend, a well as the highest portion of spend. > Employment is down only 1.1% from 2019 and wages are up 6.2% over the same period.

34 | GEDP DEVELOPER PROFILE | 2022
T GALVESTON SOUTH PADRE CORPUS CHRISTI SAN ANTONIO HOUSTON GRAPEVINE TEXAS HOTELS - SUMMER 2021 Average Daily Rate $194.20 $171.52 $ 120.45 $ 121.43 $ 96.02 $186.17 Source: Smith Travel Resource for Only Hotels Photo courtesy Galveston Park Board
TOURISM VISIT GALVESTON he past year’s challenges and uncertainty has fostered a renewed commitment from the
TTrustees to build another record year. Opportunities for tourism and hospitality is strong and
other markets across the Gulf Coast and beyond. Hotel Occupancy Tax (HOT) grew significantly from
With the re-opening of the cruise industry we expect to see higher revenue.
SPRING BREAK 2017 - 2021 Occupancy, Average Daily (ADR) Rate and Revenue Sourced from Smith Travel Resource for Only Hotels
Source: Park Board of Trustees

Economic impact

Direct visitor spending on Galveston Island rebounded strongly in 2021 to reach $913M—exceeding 2019 levels of $883M. The robust growth in visitations versus 2020 – led by record overnight stays– complemented rising consumer prices and room rates to lift visitor spending 35.3% year-over-year. Of the record $913M spent by visitors on Galveston Island, $627M was attributed to overnight visits, $193M to day trips, $24M to embarked cruise passengers and $69M from port revenues and second homes.

RECOVERY AND ECONOMIC IMPACT

The rise in traveler volume and consumer prices - paticularly for gas and lodging - boosted direct travel spending to record levels in 2021. Hotel revenues by end of 2021 were highest on record while leisure and hospitality employment in Galveston County was only 1% below the prepandemic level. Cruise spending was weak due to reduced cruise activity. The short term rental market added to the recovery - vacation rental tax collections were up 95.6% versus 2019.

HOT Collections for six consecutive months

With the trend – started during COVID – to work and learn remotely, the short-term rentals became more popular and resulted in boosting the Hotel Occupancy Tax (HOT) the Park Board collected. From March to August of 2021, each month was the highest of that month in the history of the Park Board for HOT collections.

2022 | GEDP DEVELOPER PROFILE | 35 TOURISM OVERVIEW $913M TOTAL VISITOR SPENDING $913M TOTAL VISITOR SPENDING LODGING $310M RETAIL $152M TRANSPORT $68M FOOD & DRINK $215M CRUISE $6.6M (at Port) RECREATION $161M
Source: Park Board of Trustees Source: Park Board of Trustees

Visitation and tourism

Trips to Galveston by Day of Week

OPPORTUNITIES IN PARTNERSHIP

Tourism is critical to Galveston Island’s economy and its future growth. The island is renowned for not only its 32 miles of beaches, but also its vibrant culture and rich heritage that attract visitors from Texas and beyond. Galveston benefits from its close proximity to Houston, which represents 51% of the island’s visitation. In addition, the Port of Galveston is the fourth most popular homeport in the U.S. and the only cruise port in Texas.

(Source: Arrivalist Visitation Dashboard)

According to the 2022 Impact Tourism Report by Kind Traveler, 96% of travelers shared that it is important their “tourism dollars make a positive impact on the communities they visit and the environment.” Visitors are ever more likely to seek out small businesses and hotel brands that feature sustainability and philanthropic initiatives.

The Park Board manages R.A. Apffel Beach Park (East Beach), Stewart Beach, Dellanera RV Park, Seawolf Park, East End Lagoon Nature Preserve and the Seawall Urban Park. The citizen-led Parks and Amenities Committee works with staff to develop and enhance these assets. The parks receive no property or sales tax and are funded through user-generated fees. This year the Park Board contributed $447,046.30 of park revenues to Galveston’s general fund.

Major investments were made in each of the parks as the spring and summer seasons brought the return of major events and programming. The Park Board continued its support of the concessionaire program which grew with the addition of four new partners, continuing to provide small business opportunities on the beach.

36 | GEDP DEVELOPER PROFILE | 2022 TOURISM OVERVIEW
Source: Geolocation data
Sunday Monday Tuesday Wednesday Thursday Friday Saturday 18.0% 9.8% 7.7% 8.5% 11.5% 19.6% 24.8%
2022 | GEDP DEVELOPER PROFILE | 37
OVERVIEW
TOURISM

VOTED RESTAURANT OF THE YEAR

409.763.1693 I mariosseawall.com I 628 Seawall I Galveston

Tucked away in the thick of Galveston’s seafood restaurants is Mario’s Seawall Italian Restaurant, celebrating almost 50 years. Since 1973, Mario’s Seawall has offered fun, romance, and the tradition of Italy with a Texassized seaside view. Mario’s Seawall boasts delicate and delicious pasta, gourmet pizzas, and Gulf seafood. You are invited to take a vacation every Sunday with our a la carte brunch menu. Enjoy chicken & waffles, seasonal pancakes, omelets, sandwiches, and more! Brunch is served every Sunday from 11 am - 2 pm. Dine in or order online for delivery or pick up.

DINER

VOTED BEST DINER

409.762.3232 I thegumbodiner.com I 3602 Seawall I Galveston

The Gumbo Diner is where classic American dining and New Orleans flair meet the beach. Offering southern breakfast staples, chicken & waffles, shrimp & grits, burgers, and the best Texas Gulf fried shrimp on the coast. The Gumbo Diner is a hit among both locals and visitors. This cozy beachfront location will satisfy you morning, noon & nite.

tex - mex cantina

VOTED BEST FAJITAS

409.497.4279 I taquilos.com I 2101 Postoffice St. I Galveston

June 2016 saw the introduction of Taquilo’s Tex-Mex Cantina where you’ll find authentic small batch Tex-Mex cuisine. Enjoy fresh made guacamole and ceviche along with the chicken, shrimp or Certified Angus Beef fajitas with our award winning margaritas. All in a fun, upbeat atmosphere or relax and enjoy the Postoffice Street vibe on the covered sidewalk patio.

VOTED BEST GUMBO

409.74GUMBO I gumbobar.com 2107 Postoffice I Galveston I 615 W FM 646 I League City

Gumbo Bar features live-action steam kettle cooking serving up our awardwinning gumbo. Enjoy burgers, po-boys and some of New Orleans’ best recipes like live crawfish and boudin. Gumbo Bar is the place to cheer on your favorite sports team, celebrate a casual night on the town or warm your soul with more than 62 refreshing beers, a variety of wines or our famous Hurricane. Finish off with our amazing beignets. Best comfort food in town!

Island Side. WORLD CHAMPIONS.

An award-winning robotics program with local, state, and world championship trophies is just one of the educational offerings that sets our district apart. elevating the future, one student experience at a time. learn more by visiting www.gisd.org. www.gisd.org.

GALVESTON SCHOOLS OFFER MANY CHOICES

EDUCATION OPTIONS

Galveston’s educational and healthcare sectors anchor the foundation of the island’s economic base. The University of Texas Medical Branch, (UTMB), Texas A&M University at Galveston (TAMUG), and Galveston College (GC), offer acclaimed programs and degrees. The Galveston Independent School District and a number of private schools provide the framework in the development of innovative training opportunities amongst a diverse array of educational pathways. Combined, these programs and institutions deliver exceptional training opportunities and workforce development resources.

Galveston serves nearly 17,000 students - primary through post secondary education levels:

• Galveston Independent School District

• Private/Charter Schools

• GALVESTON College

• Texas A&M University at Galveston

• University of Texas Medical Branch

UTMB, TAMUG and Galveston College routinely experience growth in student populations, facilities and programs.

With nearly 8,600 students in the three higher educational institutions, Galveston is indeed a college town. These institutions work collaboratively to translate their unique, world-renown programs, faculty and students into the fabric of Galveston and beyond. Focusing on the education and training of our future workforce, benefits of these resources extend well beyond the borders of Galveston and Galveston County.

GALVESTON INDEPENDENT SCHOOL DISTRICT

The Galveston ISD enrolls 6,485 students across 12 campuses and accepts students from the cities of Galveston and Jamaica Beach. Galveston ISD also serves unincorporated areas of Galveston County, including the communities of Port Bolivar and Crystal Beach on the Bolivar Peninsula. The school district is fully accredited by the Texas Education Agency. Programs such as Gifted and Talented, Special Education, Vocational and Bilingual/ESL are part of GISD.

Ball High School offers opportunities for graduates to be work force, military and college ready. In collaboration with Galveston College, dual credit courses are available for additional college hours. GISD is a tech hub for emerging opportunities as well.

GISD recently received approval on a $315 Million bond package that will allow for new academic and athletic facilities.

PRIVATE AND CHARTER SCHOOLS

The Galveston Independent School District and a number of private and charter schools provide the framework in the development of innovative training opportunities amongst a diverse array of educational pathways. Combined, these institutions provide access to advanced curriculum and supportive learning environments, delivering exceptional educational, training and workforce development for Galveston and the region.

GISD EDUCATIONAL FOUNDATION

To support teachers, the Galveston ISD Educational Foundation was established in 2002. To date, the foundation has awarded more than $3.5 million in grants. Allotments are varied and awarded to teachers, educational teams and/or campuses in support of the district’s strategic goals aimed at student outcomes. The foundation collaborates with the district to support a variety of district-wide programs and has reached thousands of students. Four main initiatives receiving priority are:

• Early literacy (reading on grade level by third grade)

• High school readiness (credit earned in Algebra 1and English 1 by ninth grade)

• College and career readiness (success on Advanced Placement, SAT, ACT, TSI, or CTE exams, achievement in dual credit courses, or by obtaining industry-level certifications or licenses)

• Innovation (pilot projects with evidence of potential success)

2022 | GEDP DEVELOPER PROFILE | 41
EDUCATION OVERVIEW

GISD CAMPUS HIGHLIGHTS

BALL HIGH SCHOOL

Ball High has a new STEAM Bus (Science, Technology, Engineering, Art, and Mathematics) that is now available to students as a “Mobile Makerspace.” It’s a classroom on wheels and it provides GISD students of all ages and grade levels with new opportunities to learn, grow and even teach fellow students along the way.

GISD MAGNET SCHOOLS

The four MSAP-funded magnet campuses listed below are now in their fourth year of implementation and will be sustained by the district after the grant ends in 2023. The APEX schools were established to provide equity and opportunities for students to meet challenging academic content and achievement standards in Science, Technology, Engineering, and Mathematics (STEM). In addition, the MSAP project enhances partnerships, professional development, and family engagement at the magnet schools.

CAREER TECHNOLOGY EDUCATION (CTE) PROGRAM

Texas CTE is an education initiative designed to prepare students for a lifetime of success. It allows students to achieve excellence by preparing them for secondary and postsecondary opportunities, career preparation and advancement, meaningful work, and active citizenship. Texas CTE is designed to help students (and their parents) make wise education choices. It is based on the belief that the curricula of the 21st century should combine rigorous academics with relevant career education. When schools integrate academic and technical education, students can see the “usefulness” of what they are learning. The system also facilitates a seamless transition from secondary to postsecondary opportunities by serving as a foundation for restructuring how schools arrange their instructional programs. A Career Cluster is a grouping of occupations and broad industries based on commonalities. The sixteen Career Clusters provide an organizing tool for schools. Career programs of study (POS) have been developed for each of the Career Clusters. The POS represent a recommended sequence of coursework based on a student’s interest or career goal. Ball High School has incorporated the Career Clusters into the Career and Technical Education department course structure and uses 14 of the clusters offering a wide range of career exploration and some of the sequences of courses lead toward the opportunity for a professional certification.

ROBOTICS PROGRAM

The students involved in the robotics program are world champions. The award winning robotics program has won local, state and world championship trophies.

GISD SCHOOLS OF CHOICE

• Moody Early Childhood Center

• Burnet Elementary STREAM Magnet

• Morgan Elementary School of Health, Medical Science and Engineering

• Parker Elementary School

• Oppe Elementary Magnet Campus of Coastal Studies

• Rosenberg Elementary School

• Crenshaw Environmental Science Magnet

• Weis Middle School, Austin Middle School

Central Middle School

• Ball High School

42 | GEDP DEVELOPER PROFILE | 2022 EDUCATION GISD
2022 | GEDP DEVELOPER PROFILE | 43

EDUCATION OVERVIEW

PRIVATE AND CHARTER SCHOOLS

Galveston Island serves about 1,500 students through its private and charter schools.

AMBASSADORS PREPARATORY

Pre-K3 through the 8th grade with an average enrollment of 300 students. non profit non-profit, tuition-free charter school opened in 2007

HOLY FAMILY CATHOLIC SCHOOL

Pre-K3 through the 8th grade since 1847 and accredited by the Texas Catholic Conference Educational Department, which is recognized by TEA.

MOODY METHODIST DAY SCHOOL

As an extension of Moody Memorial First United Methodist Church, with an enrollment of about 275 children ages 3 mos - 8th grade.

MOODY EARLY CHILDHOOD CENTER

A preschool for children ages 6 weeks to 4 years old, with an enrollment of around 200.

ODYSSEY ACADEMY

A multi-campus open enrollment public charter school with locations in Galveston, League City, and El Lago, Texas. Grades pre K through high school.

O’CONNELL HIGH SCHOOL

The 1847 O’ Connell Hight School is the oldest Catholic high school in the state of Texas. Serving grades 9-12

SATORI ELEMENTARY SCHOOL

Serves children in Pre-K through eighth grade, in small multi-age classes. The school has 30-35 children .

TRINITY EPISCOPAL SCHOOL

Accredited by the Southwestern Association of Episcopal Schools and the Independent Schools Association of the Southwest. Serving from 2 years through 8th grade.

UPWARD HOPE ACADEMY

A fully accredited, tuition-free private high school. Supports a strong STEM-oriented curriculum. More than 450 students in this program.

44 | GEDP DEVELOPER PROFILE | 2022
TOMORROW Your BUILD AT GALVESTON COLLEGE Affordable Close to home 50 degrees and certificates Dual Credit Financial Aid and Scholarships Galveston College 4015 Avenue Q, Galveston, TX 77550 GC.EDU | 409-944-GCGC It is the policy of Galveston College to provide equal opportunities without regard to age, race, color, religion, national origin, sex, disability, genetic information or veteran status.

GALVESTON COLLEGE

In fall 2022, Galveston College entered its 56th year of service to the Galveston region, providing affordable higher education and career training since opening its doors in September of 1967. From its beginnings, in the former Saint Mary’s Orphanage, Galveston College has grown into a dynamic community college.

Galveston College is one of only a handful of community colleges in Texas that offers bachelor’s degrees, a Bachelor of Applied Science in Healthcare Management which began in fall 2019 and a Bachelor of Applied Science in Nursing, which welcomed its first cohort in fall 2022. In addition, Galveston College offers associate degrees, technical certificates, continuing education for professional and personal development, and customized training for business and industry. The college’s offerings include academic transfer programs for students who plan to pursue bachelor’s degrees and workforce programs for many of the area’s most in-demand careers. Galveston College also boasts two athletics programs in the National Junior College Athletic Association (NJCAA): baseball and softball. Both teams compete in the NJCAA Division I, Region 14.

The Galveston College Board of Regents is representative of the citizenry of the Galveston Community College District, consisting of nine members elected by position at-large, serving six-year terms.

The Main Campus features six major buildings: Moody Hall, Regents Hall, Mary

Moody Northen Center, Fine Arts Building & Sarah H. Hermes Fitness Center, Eudine Meadows Cheney Student Center and the Abe and Annie Seibel Foundation Wing. Galveston College has two locations. The Main campus (4015 Avenue Q), located between 39th and 41st streets, includes additional parking, and apartments and housing for students close to campus.

The second location, the Charlie Thomas Family Applied Technology Center, (7626 Broadway Boulevard) opened in September 2013. This Center consists of four buildings with technical programs in Cosmetology, Welding Technology, Heating Ventilation & Air Conditioning (HVAC) Technology, Electrical & Electronics Technology and Pipefitting. Galveston College is prepared to offer additional technical programs within this Center as they are identified for the Galveston workforce.

Galveston College endeavors to provide access to higher education and training to every student that wants it. A full-time student (12 credit hours) who resides in the college district will pay tuition and fees of $1,039 per semester, making Galveston College one of the most affordable higher education opportunities in Texas.

A special program of the Galveston College Foundation called Universal Access, which has received national and statewide recognition, provides tuition assistance to every high school, home-schooled and GED graduate who lives in Galveston. The Galveston College Foundation also awards more than $50,000 annually in scholarships

to students from 58 additional named and endowed scholarship funds.

Galveston College ended its 55th year May 2022 with a commencement ceremony, graduating 582 students with 734 degrees and certificates.

In the summer of 2020, Galveston College opened the Abe and Annie Seibel Foundation Student Residences as the newest on-campus student housing which includes seven units designed to resemble the historical homes of Galveston. The project was funded with the generous support of the Abe and Annie Seibel Foundation, which also provided a significant capital expansion grant for the Abe and Annie Seibel Foundation Wing, allowing students and the community to gather for events ranging from civic, collegiate and evenings of educational enrichment.

In 2022 Galveston College continues to grow with the groundbreaking of the new three-story, 64,000-square-foot, state-ofthe-art Health Sciences Education Center, scheduled to be completed in fall 2023. With the new facility, Galveston College will be able to better train a highly skilled nursing and health care workforce for Galveston Island and Texas.

Source: Galveston College

Rendering of Galveston College’s new three-story, 64,000-square-foot Health Sciences Education Center.

Galveston College was awarded $5 million leadership grant from the Moody Foundation toward the College’s Building Tomorrow capital campaign. The gift supports Galveston College’s new Health Sciences Education Center. Construction on the new three-story academic building is underway on the Galveston College main campus at the corner of Avenue Q and 39th Street and is projected to be complete in the fall of 2023.

2022 | GEDP DEVELOPER PROFILE | 47
GALVESTON COLLEGE GALVESTON COLLEGE BOARD OF REGENTS
Mary R. Longoria Fred D. Raschke Karen F. Flowers Raymond Lewis Michael B. Hughes Carolyn L. Sunseri Norman S. Hoffman Garrik Addison Armin Cantini 50+ Years of Academic Excellence 14.1 Average on-campus class size 73% Freshman awarded financial aid/grants 2,300 per semester in credit programs FUN FACTS ABOUT GALVESTON COLLEGE

The Texas A&M Maritime Academy, the only one on the Gulf Coast, will receive a $390 million National Security Multi-Mission Vessel from the federal government to fuel the workforce that feeds $449 billion into the state economy. Future mariners will learn and train aboard and it will provide critical disaster resource capabilities in the most hurricane-prone region in the U.S. Just another way Aggies are driving the blue economy in Texas. tamug.edu

undergraduate and graduate students in science, business, engineering, liberal arts and transportation. It is driving the development of the blue economy in the Gulf Coast Region and is a critical contributor to Texas A&M’s rare land-, sea-, space-, grant mission with over $21.5 million in research awards this year.

Texas A&M-Galveston is also home to the Texas A&M Maritime Academy, one of six state maritime academies and the only one in the southern United States, which trains over 400 cadets annually for maritime service and employment around the world.

Texas A&M-Galveston is located in Galveston, Texas on the Gulf Coast, surrounded by industry, environment and programs essential to fulfilling its special-purpose mission. Aggies are known for their deep commitment to the success of each other and their strong desire to serve.

• Primary fulfiller of Texas A&M’s sea-grant mission

• No 1 Maritime Management Master’s Program in the U.S.

• 1 of 6 state maritime academies in the U.S. and the only one in the Southern U.S.

• Only undergraduate marine biology degree in Texas

• 1 of 3 collegiate diving programs in the U.S.

2022 | GEDP DEVELOPER PROFILE | 49
FAST FACTS
2,300 Enrollment 400 Cadets 63 Student Organizations 35 Specialized Laboratories and Research Groups
Marine & Maritime Branch Campus of Texas A&M University

HIGHLIGHTS

• Texas A&M-Galveston’s Masters in Maritime Business Administration and Logistics was named the #1 Maritime Management master’s program in the United States by the Eduniversal Group.

• The Texas A&M Maritime Academy became the 1st U.S. academy to offer dynamic positioning certification through the Offshore Service Vessel Dynamic Positioning Authority (OSVDPA).

• Texas A&M-Galveston offers the only undergraduate marine biology degree in the state with effective and internationally recognized research programs. The breadth of research and teaching in the Marine Biology Department ranges from viruses to whales and from genes to ecosystems.

• The Gulf Center for Sea Turtle Research addresses the data gaps and research needs to conserve sea turtles in Texas, the western Gulf and the Gulf of Mexico. Sea turtles play vital roles in marine ecosystems, from maintaining healthy coral reefs to transporting essential nutrients to land. The Center also serves as one of the state’s only sea turtle rescue and rehabilitation organizations.

• The Institute for a Disaster Resilient Texas delivers critical research on disaster risk reduction, supports state agencies with data analytics and decision-making tools, and generates evidence-based solutions that help Texas communities become more resilient. The Institute provides foundational data and tools.

• The newly-created Gulf Research Institute for Highly Migratory Species aids in gathering critical data on habitat requirements, life and migration of highly migratory species to enhance protection and conservation measures in the Gulf of Mexico. In addition, research conducted by the Institute will provide data to support healthy and sustainable fisheries, which are essential to fishing activities in the Gulf and contribute more than $11 billion annually to the Gulf’s blue economy.

PROGRAMS ON THE GALVESTON CAMPUS

» Marine Biology *

» Marine Fisheries

» Marine Sciences *

» Ocean & Coastal Resources

» Maritime Business Administration

» Marine Transportation *

» Marine Engineering Technology *

» Ocean Engineering

» Interdisciplinary Engineering

» Multidisciplinary Engineering

» Maritime Studies

» University Studies with Concentration in:

• Oceans and One Health

• Tourism and Coastal Community Development

• Marine Environmental Law and Policy Available Minors

» Clinical Laboratory Sciences

» Diving Technology and Methods

» Marine Biology

» Maritime Business Administration

» Ocean and Coastal Resources

» Oceanography

» Applied Learning in STEM (leading to a teacher certification)

» And many more!

50 | GEDP DEVELOPER PROFILE | 2022 TEXAS A&M-GALVESTON

INCREASING OPPORTUNITIES THROUGH PARTNERSHIPS

Thanks to partnerships with the Texas A&M University College of Engineering, Texas A&M-Galveston expanded engineering offerings to include Ocean Engineering, Interdisciplinary Engineering, Multidisciplinary Engineering Technology (ElectroMarine Engineering Technology Track) and

A partnership with the University of Texas Medical Branch allows Texas A&M-Galveston students to pursue an undergraduate degree in Oceans and One Health and a master’s degree in Clinical Sciences through UTMB within five years.

The university has partnered with Galveston Wharves, Shell, Cruise Lines and CenterPoint to develop environmentally beneficial shore power at the Port of Galveston.

Finally, a partnership with the Texas A&M University College of Education allows Texas A&M-Galveston students to minor in Applied Learning in Science, Technology, Engineering and mathematics (STEM) and pursue a teaching certification alongside

51
A&M-GALVESTON
TEXAS
52 | GEDP DEVELOPER PROFILE | 2022
than a Medical School.
Creating a Healthier Future for Texas and Beyond through: Innovative Health Sciences Education Groundbreaking Research Emerging Technologies Patient Care Excellence Community Engagement and Partnerships Learn more at www.utmb.edu
More
The University of Texas Medical Branch (UTMB Health) is a member of the Texas Medical Center.

Healthy Communities, Healthy Economy

Opened in 1891, The University of Texas Medical Branch (UTMB Health) has applied its expertise in education, patient care and research to improve health for more than 130 years. Always with an eye toward building a better future for the local, national and global communities its mission serves, UTMB Health is also invested in the economic health of Galveston and the surrounding region, through workforce development, biomedical discovery and helping to create a culture of innovation.

Education

With a historic responsibility to train the health care workforce for Texas and beyond, UTMB Health has been committed to educational innovation for generations. Now with five schools—John Sealy School of Medicine, School of Nursing, School of Health Professions, Graduate School of Biomedical Sciences and School of Public and Population Health—the university takes an interprofessional approach so that students gain experience working as part of a health care team. Advanced simulation technology and problembased learning are central to this effort.

Patient Care

As Texas’ first academic health science center, UTMB Health has grown from two buildings on one campus to encompass four campuses with a total of six hospitals. The university’s Health System also includes an extensive network of 95 primary, specialty and urgent care clinics in 58 locations throughout the region. The UTMB Health System’s scope, along with its partnerships with community

2022 | GEDP DEVELOPER PROFILE | 53 UNIVERSITY OF TEXAS MEDICAL BRANCH
UTMB FAST FACTS 1,228 GRADUATES (2020-2021) 3,940 STUDENTS (2020-2021) 964 FACULTY 677 RESIDENTS IN TRAINING 40,084 HOSPITAL DISCHARGES 1,721,117 OUTPATIENT ENCOUNTERS UTMB FAST FACTS NEW TEXANS DELIVERED EMERGENCY DEPARTMENT PATIENTS 6,183 115,125
UTMB Fast Facts FY2021 Metrics (September 1, 2020 - August 31, 2021)
54 UNIVERSITY OF TEXAS MEDICAL BRANCH

UTMB Health is home to the Galveston National Laboratory (GNL), where infectious diseases such as COVID, influenza, Zika, Dengue, Ebola and others are safely studied. It is the only national laboratory in Texas and one of only two of its kind in the U.S. The GNL supports the work of scientists in the Institute for Human Infections and Immunity, the Sealy Institute for Vaccine Development and numerous centers.

The university’s NIH-funded Institute for Translational Sciences aims to train a new generation of clinical and translational researchers, engage stakeholders and communities in research, address barriers to clinical and translational research, and advance translational research through team-based approaches.

In 2022, UTMB Health launched a Drug Discovery Institute to bring together expertise in virology, pharmacology, toxicology and medicinal chemistry to develop oral drugs to treat infectious diseases and other threats to human health. The UTMB-Novartis Alliance for Pandemic Preparedness, funded by a $56 million NIH grant, launched in 2022 to advance antiviral drug discovery.

To leverage its expertise in the neurosciences, the university is creating a Brain Health Institute to amplify faculty’s research, education and clinical expertise in neurodegenerative diseases, traumatic brain injury, stroke, addiction and pain management.

(September 1, 2020 - August 31, 2021)

(September 1, 2020 - August 31, 2021)

Galveston Center for Technology and Workforce Development

UTMB Health Customs House

The Galveston Center for Technology and Workforce Development is being developed as a catalyst facility positioned to energize technology transfer and commercialization resulting from research and development cultivated through UTMB Health.

This initiative is designed to stimulate establishment and growth of technology-based startup companies and other compatible businesses. This center includes facility space, flexible leases, shared use of common office equipment, business assistance and guidance, mentoring, networking to capital and other technical resources.

the establishment and

This effort will contribute to job creation and will enhance economic health in the region.

2022 | GEDP DEVELOPER PROFILE | 55
UNIVERSITY OF TEXAS MEDICAL BRANCH
UTMB FAST FACTS $9.2 Million UTMB
LICENSE REVENUE START-UP FORMED 7 1 U.S. PATENTS ISSUED UTMB START-UPS FORMED BETWEEN 2013 - 2021 18
62 U.S. PATENTS FILED
Office of Technology Transfer
Metrics
OFFICE OF TECHNOLOGY TRANSFER FY2021 METRICS
(September 1, 2020 - August 31, 2021)
UTMB
FY2021
UTMB FAST FACTS $9.2 Million
LICENSE REVENUE START-UP FORMED 7 1 U.S. PATENTS ISSUED UTMB START-UPS FORMED BETWEEN 2013 - 2021 18
(September 1, 2020 - August 31, 2021)
UTMB OFFICE OF TECHNOLOGY TRANSFER FY2021 METRICS
62 U.S. PATENTS FILED
FAST FACTS $9.2 Million
LICENSE REVENUE START-UP FORMED 7 1 U.S. PATENTS ISSUED UTMB START-UPS FORMED BETWEEN 2013 - 2021 18
62 U.S. PATENTS FILED UTMB FAST FACTS $9.2 Million
TRANSFER
LICENSE REVENUE START-UP FORMED 7 1 U.S. PATENTS ISSUED UTMB START-UPS FORMED BETWEEN 2013 - 2021 18
(September 1, 2020 - August 31, 2021)
UTMB
UTMB OFFICE OF TECHNOLOGY TRANSFER FY2021 METRICS
UTMB OFFICE OF TECHNOLOGY
FY2021 METRICS
62 U.S. PATENTS FILED

BUSINESS

AND

COMMUNITY

DEVELOPMENT SINCE 1845

Established in 1845, the Galveston Regional Chamber of Commerce has promoted and advocated for business for over 177 years. Our mission represents ongoing efforts to foster a healthy community where businesses thrive, not just locally but on a regional level.

We fill many roles but one stands out above all; we are the voice of the business community in the Galveston region.

Join the Galveston Regional Chamber of Commerce today!

UPCOMING EVENTS

178th Annual Meeting

Featuring The Four Tops January 28, 2023

Lemonade Day Galveston County May 6, 2023

34th Annual Golf Tournament May 15, 2023

16th Annual Galveston Women’s Conference September 2023

GALVESTONCHAMBER.COM (409) 763-5326
PROMOTING
ADVOCATING
Gina
AND
FOR
58 | GEDP DEVELOPER PROFILE | 2022

INVESTING IN GALVESTON

Organized by the Battleship Texas Foundation, the ship’s operator Valkor Energy Services and the Texas Parks & Wildlife Department, the USS Texas is awaiting a hull restoration.

Galveston is proud that Gulf Copper was awarded the $35M hull repair on the USS Texas. Before the ship could begin repairs, a dry dock with the capacity to lift the battleship from the water was needed. With a trip to the Bahamas this past year, Gulf Copper was able to purchase a large dry dock that had been sunk, broken over its length and cut in half during salvage.

Gulf Copper assembled a project team working from Galveston and supplemented with employees from Mexico and the Bahamas to undertake repair and refurbishment of the remaining dry dock section. The dry dock pontoon and wingwalls were realigned while cropping out all distorted and wasted steel. Approximately 450 tons of new steel was inserted in way of damages and the dock was equipped with new pumps, valves, new electrical system, and Bergan Controls. After six months of work the dry dock was towed from Freeport, Bahamas to Galveston, Texas to complete commissioning and begin a new life. The newly completed dock, has a lift capacity of 35,000 tons.

LOCAL SUPPORT

When asked about local support, Steve Hale of Gulf Copper said, “As our banker, Moody National Bank was instrumental in helping us secure this project for Galveston. With their help, we were able to bring the 35,000 ton dry dock to Galveston which will provide jobs in the local economy for years to come. Other local support came from The Port of Galveston, our landlord, who was supportive of the project and helpful as well. Orion Marine assisted with the dredging necessary to accommodate the Battleship.

TNT Marine (seen on opposite page helping to dry dock the ship), regularly assists us with services such as tugs, commercial divers, crane services, etc. They are a great neighbor on Pelican Island.” He continued, “Overall, the community including our vendor base has been excited and supportive to see the Battleship Texas in Galveston.”

THE BATTLESHIP

The USS Texas, is a museum ship and former United States Navy New York-class battleship. Construction began in 1911 at a cost of over $5.8 million (nearly $173 million in modern dollars). She was launched on May 18,1912 and commissioned on March 12, 1914 and served in World War I and II. She is known to be the only ship that survived both wars. After that time, she left the Western Pacific and spent the next three months transporting veterans home. In 1948, Texas was placed out of commission and turned over to the State of Texas. She has been maintained as a memorial at San Jacinto ever since.

THE REPAIRS

This project will take approximately one year and bring additional jobs to Gulf Copper and Galveston.

The repairs include removing parts of the steel hull that have corroded and replacing these with new steel pates and framing where necessary. Once these replacements are complete, the hull will be repainted before placing the ship back into

the water. When asked where the ship will be headed after leaving Galveston, Hale commented, “The Battleship Texas Foundation is working to secure a long term home for the ship.” No more details were known.

WHO IS GULF COPPER?

Gulf Copper started after World War II when two employees of Farmer’s Copper in Galveston moved to Port Arthur to open a ship repair company. They now have facilities in Port Arthur, Corpus Christi, Norfolk, Ciudad del Carmen as well as our homeport of Galveston.

With almost 75 years under their belt, they currently employ approximately 500 people across their locations, and a significant percentage of those employee-owners have been with Gulf Copper for more than 15 years. Hale commented that his favorite thing about the company are the peopletheir talent and work ethic.

The company offers other services but keep their main focus on ship repair.

2022 | GEDP DEVELOPER PROFILE | 59

COLLABORATE | INVEST

INVESTING IN GALVESTON
|
LEAD

INVESTING IN GALVESTON COMING TOGETHER FOR GALVESTON

For years, Galveston has brought before the voters options for repairing, upgrading or replacing the aging facilities in its school system, but all have failed, until recently.

Voters approved all five propositions of a massive $315 million Galveston ISD bond package that will set the district up with new academic and athletic facilities.

Along with building a new Ball High School and Kermit Courville Stadium, the bond package will set up the district for long-debated middle school realignment and prepare three buildings to accommodate the new campus system.

The approved bond package included five propositions:

• $233.9 M for a new Ball High School, buses and vans

• $16 M for an aquatics center attached to the new Ball High School

• $36.2 M for middle school renovations

• $4.5 M in technology upgrades

• $24.3 M for a new Kermit Courville Stadium.

Voters approved the new Ball High School with 61%. More than 56% of the voters approved the aquatics center to be built in the new high school. Approximately 61% of the voters approved the middle school renovations and 60.3% approved the $4.5M Technology upgrades.

Of note is 100% of the money raised from the bond stays in Galveston ISD. Currently Galveston sends over $30,000,000 back to the state every year through the states recapture formula, better know as “Robin Hood.” That money comes from the maintenance and Operations portion of the budget.

Bond funds are NOT subject to recapture therefore 100% of the bond dollars stay in Galveston ISD.

For a job of this magnitude, it is good to know a local company, Zero/Six is the Program Manager for the entire $314,000,000 project.

Hellas Construction out of Austin is the “Design-Builder” for Courville Stadium.

PBK Architects out of Houston is the Architect for the High School and Middle School Projects.

The original plan was to level Courville stadium, originally built in 1938, and start over. After engineering was completed, it was determined that an overhaul of the stadium would end up with better results. The concrete bleachers will stay and take up less room than using metal bleachers. The new overhaul will include new restrooms, pressbox, concessions and field house. The stadium is currently under deconstruction.

The design of the high school will be completed by the 2nd quarter of 2023. The estimated build is 3 years out. The original “George Ball High School” was built in 1884. The current high school was built in 1953 and last underwent major renovations in 2007. The new Ball High School will be built on the existing site of the current building.

Go to www.GISDBond.org to learn

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more
“It’s a resounding show of community support”
–Tony Brown, school board president

“About 5,000 people will be able to board the “The Allure of the Seas,” which will feel like a city on the ocean, fully equipped with a roller coaster and even a real-life park with living trees. You can start booking your trip and parking passes now.”

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GALVESTON
INVESTING IN
New Royal Caribbean Galveston Cruise Terminal to Be Zero-Energy Facility Photo ©2022 Robert Mihovil/Mihoval Photography

INVESTING IN GALVESTON

GALVESTON AND ROYAL CARIBBEAN LEAD THE WORLD WITH A “FIRST”

While uncertainty created by the global health crisis slowed things down a bit, Russell Benford, Vice President Government Relations, told an audience that Royal Caribbean, which employs hundreds of thousands of team members around the world, pressed the pause button for a bit and re-evaluated its 2021 global plans.

board the Oasis-class Allure of the Seas. The first cruise sails with 5,484 passengers and 225,282 gross tons on a series of seven-night western Caribbean cruises.

From Galveston, guests can sail to ports such as Isla Roatan, Honduras; Costa Maya, Mexico; and Cozumel, Mexico.

Allure of the Seas will not be the only Royal Caribbean International cruise ship to call Galveston home. She will be joined by Adventure of the Seas which will also be sailing to the Western Caribbean, operating four and five-night cruises to Cozumel and Costa Maya.

the communities we visit and operate in, and the modern design and development features at our terminal in Galveston will work in service of both.”

The Cruise Terminal significantly expands the company’s presence in the port, increasing the cruise line’s ability to accommodate up to 630,000 guests per year. The opening of the terminal will mark the first time the company is bringing its frictionless arrival and departure process to Texas.

The new terminal will have three new parking lots, adding 2,000 extra parking spaces. It’ll cost you just under $20 a day to park at the new terminal.

Royal Caribbean International began construction of the new terminal in June. The opening of the 161,300-square-foot building marks the first time Galveston welcomes the world’s largest cruise ships, the cruise line’s signature Oasis Class, beginning with Allure of the Seas. The new terminal building will significantly increase the capacity from Galveston for Royal Caribbean International.

The project is a partnership between Royal Caribbean International, Ceres Terminal Holdings, LLC, and the Galveston Wharves. Construction of the 68-foot tall building front started in the summer of 2021, when contractors broke ground, marking the start of construction. Since then, the terminal’s structure has risen and will be completed in the fall of this year.

With a total cost of $126 M, the cruise terminal will be one of the most technologically advanced buildings for embarking and disembarking cruise ship passengers in the United States. Mobile check-in and facial recognition will enhance boarding and disembarking at the terminal.

Once completed, the new terminal building will be able to handle the mass of people that come to Galveston to sail on-

Radiance of the Seas is the third Royal Caribbean cruise ship that will operate from Galveston, sailing on nine and ten-night voyages to the Western Caribbean starting in January 2023. Port calls include visits to Progreso, Mexico; Cartagena, Colombia; Colon, Panama; and Cozumel, Mexico.

This will be the first cruise terminal to generate 100% of its needed energy through on-site solar panels.

This makes the Galveston terminal, which will be used by the company’s Royal Caribbean International brand,

The first LEED Zero Energy facility in the world

according to a press statement. This is the cruise company’s fourth LEED certified facility and its first Gold certified.

We are focused on innovating across all aspects of our company, especially in our work to advance sustainability in the communities we visit,” said Jason Liberty, president and CEO, Royal Caribbean Group. “We deeply value both the oceans we sail and

The Port of Galveston understands: more service, more passengers, more traffic and they’re looking ahead to address that need in their long-term master plan.

“We’ve developed an internal road network. In our master plan, we are looking into adding a road that goes down the middle of the port,” said Rodger Rees, Port Director & CEO of the Port of Galveston.

This project generated an estimated 400 Texas construction jobs and 400 local operations jobs.

Galveston is the fourth busiest cruise shiphome port in North America and now welcomes the Royal Caribbean’s largest cruise ship, “Allure of the Seas” to their game-changing terminal.

“It’ll be equipped with face recognition technology, faster, no long waiting lines, and our parking system will be able to read your license plates,” said Rees.

Royal Caribbean is committed to being a part of the Galveston community engaging locally based on its three community engagement pillars – respect, communication and collaboration. Benford said that he and his team will look for ways to be a part of Galveston.

2022 | GEDP DEVELOPER PROFILE | 65
“We went from over 100 projects to three –one of those being Galveston.”

HURRICANE PREPAREDNESS INCLUDES INSURANCE

Having a windstorm policy is crucial before a hurricane hits. Check with your agent to see what coverages are right for you.

Insurance Question Checklist:

Do you have both windstorm and flood insurance?

Do you know your deductible and coverage amount?

Do you know how to report a claim?

For more information visit: www.twia.org/hurricane-preparedness

THE ROLE OF GOVERNMENT IN PRIVATE SECTOR DISASTER RECOVERY

Most state and federal programs focus on restoring community infrastructure and ensuring that housing needs are met. The Small Business Administration (SBA) may offer loans to business owners damaged by a disaster to make necessary repairs. Other federal and state programs may be available after a disaster, including Economic Development Administration resources, but these funds are typically not available to small business owners. While local, state and federal disaster recovery employees will work with small business owners after a disaster, on the whole, most post-disaster recovery resources are not designed to help a small business owner get back in business.

Even though a business owner may benefit greatly from government sponsored disaster recovery programs, such as the SBA disaster loan program, business owners are mostly on their own when it comes to remaining in business. This is why it is crucial for all business owners to take steps to reduce their vulnerability and understand the steps that must be taken in the aftermath of a disaster - BEFORE a disaster strikes. These issues can be questioned and covered through the development of individual business continuity plans. The GEDP Disaster Recovery Guide has been developed specifically to assist your enterprise in assessing your vulnerability and highlighting critical information that will be used in your continuity planning effort.

The Business Continuity Resource Guide was created by the GEDP for the Galveston business community to use as part of their Disaster Toolkit.

The toolkit consist of forms and information that, if completed, allows owners to increase the odds that their business will make it through the next disaster.

The guidebook will assist with the following:

» Outline what actions may be taken to minimize the disruptive effects of a disaster on operations.

» Understand the differing roles and responsibilities of government and business owners in private sector disaster recovery.

» Provide information needed to develop a comprehensive business disaster continuity plan.

PREPARING IS THE BEST PLAN

Any business owner will tell you they are in business for many reasons, near the top of that list will include - to stay in business and make money. The reasons for this are as obvious as they are age old: to cover mortgage payments, the children’s college tuition, to obtain the amenities required not only to live but to enjoy life.

As the name implies a continuity plan is a premeditated strategy for continuing business in the event of a disaster. While never a guarantee that a business affected by disaster will go completely unscathed, preparing a continuity plan will help the small-business owner minimize potential losses and anticipate the actions they will need to take in the event of a disaster.

A continuity plan is not a contingency plan - it does not spell out the details of who must do what in the event of a contingency- such as a store fire, robbery attempt or power failure - although it may be quite helpful for a business owner to write down step-by-step procedures for dealing with each of these emergencies. The continuity plan focuses on procedures for minimizing potential losses and ensuring a speedy recovery from disaster.

The GEDP will hold a Disaster Recovery and Business Continuity workshop in 2023 to help businesses prepare in the event of a disaster. Contact the GEDP to learn more.

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CONTINUITY
BUSINESS
.
..The continuity plan focuses on procedures for minimizing any potential losses and ensuring a speedy recovery from disaster.
68 | GEDP DEVELOPER PROFILE | 2022 Come see us! BROADWAY PIRATES BEACH STEWART ROAD
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PROJECTS ON THE HORIZON

Our theme presented at the summit and for all of next year is “Lead, Collaborate, Invest.” We are pleased to see the continued investment and growth in Galveston. The following pages showcase projects in the works.

GALVESTON YACHT BASIN HOTEL LUCINE/THE FANCY CUSTOMS HOUSE INCUBATOR

East End | Holiday Drive

A new vertical development near UTMB includes a three-story parking garage.

A five-story, 300-unit multifamily luxury development is in development on six acres next to the Galveston Yacht Basin on the east end.

The Brownstone Group, with partners Rocky Sullivan and Greg Pappas, are behind the development, called The Dunstan, being constructed next to the marina and walking distance to the University of Texas Medical Branch. This will be a Class-A multifamily complex, which is something needed on the island.

10th and Seawall Blvd.

This refreshed and redesigned property is Hotel Lucine is a new 61-room boutique hotel. The refreshed, redesigned property, will offer a cozy oasis for guests at the edge of the Gulf of Mexico. The Den will be your home throughout your stay – for coffee in the morning, an afternoon meal or a cocktail at night. Hotel Lucine patrons can also take in 180-degree ocean views from the rooftop bar or laze by our courtyard pool.

The hotel’s upscale restaurant, The Fancy, is led by some of Texas’ top culinary talents and will be a destination unto itself. And because this property was built in a classic courtyard style, an intimate layout allows it to maintain a lively, people-centric atmosphere.

Estimated Opening: Early 2023

1700 Harborside Dr. East End

The Galveston Center for Technology and Workforce Development at the UTMB Customs house is a launching pad for technology based start-up companies. UTMB partnered with the GEDP in the redevelopment of the Customs House Incubator.

Project Update- The 2.5 million dollar renovation project funded in part through EDA is estimated to be completed the 1st quarter of 2023. A much needed wet lab and office space in emerging technology incubator space to be available soon.

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PROJECTS ON THE HORIZON

HOMETOWN BANK GALVESTON COLLEGE ADDITION

SHRINERS CHILDREN’S TEXAS

45th and Seawall Blvd.

Renovations continue with completion projected for early in 2023.

The new 6,800 SF Hometown Bank Galveston Seawall location will be a stateof-the-art banking facility that will enhance connectivity with the coastal community. The exterior finishes include a custom “lueders” chopped limestone, a blended color “norman” brick and a smooth troweled plaster veneer to compliment the environment adjacent to the seawall.

Architectural canopies and window sunshades accent the building as well as provide energy efficiency. The contemporary coastal exterior will also be reflected in the interior design through natural light and inspiring use of wood and stone accents.

4015 Avenue Q,

Galveston College’s new three-story, 64,000-square-foot Health Sciences Education Center saw construction begin in June 2022. Located on the main campus at Avenue Q and 39th, completion is projected for the fall of 2023. The new Center will house Galveston College’s Allied Health and Nursing programs, including its new Bachelor of Science in Nursing (BSN) program. Total cost of the project is $31 million.

RESIDENCE INN BY MARRIOTT

8125 Market Street - East End

Shriners Hospital-Galveston and Shriners Hospital-Houston recently merged to form Shriners Children’s Texas. In doing so, the entire Houston operations moved to Galveston.

The Galveston hospital is currently under extensive renovations to update the existing hospital and make room for additional patients, staff and services. In addition to renovations to the existing hospital, Shriners is also expanding its campus and overall footprint and is planning to construct a residential facility and a parking garage to accommodate their growth.

Shriners estimates adding up to 150 full time employees to its existing staff of 200.

41st at Avenue U

Construction is underway for the 5-story, 120-room extended stay hotel, Residence Inn by Marriott. The hotel offers studio, one- and two-bedroom suites equipped with full-sized kitchens. Amenities include a pool, fitness center, meeting space and a spacious living/dining and bar area.

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PROJECTS ON THE HORIZON

BENT ON HEALTHY LIVING THE TREMONT HOUSE

2910 53rd Street

A new wellness and fitness space on Galveston Island has been opened by Renae Bentley, owner, essential oil educator, healthy eating advocate, and 38-year fitness instructor. The Center offers educational classes on nutrition, essential oils, wellness, and fitness, as well as an array of wellness therapies. Fitness classes include group classes, strength and conditioning, dance fitness, barre, Pilates, yoga. Individual training and coaching are available. This location also offers space for rent for parties, retreats, meetings, etc.

Extensive renovation of the building included exposing wood rafters and hand cut subflooring, and repurposing handcut tongue and groove boards and hand forged cast iron hooks dating back to its origins as a horse stable for Fort Crockett in the early part of the 20th century.

SANDHILL CRANE SOCCER COMPLEX

West End Stewart Road

The City is finalizing construction plans for a $5.5 million renovation project to the Sandhill Crane Soccer Complex. The project is set to begin in early 2023 with completion anticipated in 2024.

Extensive renovations to the 26-acre complex, located at 3348 7-Mile Road, include much needed field improvements such as realignment of the fields, additional lighting and drainage, irrigation, seating and shade enhancements.

Other project amenities include construction of permanent restroom facilities and improved parking. This project is funded by the Industrial Development Corporation which oversees a portion of the City’s sales tax revenues.

23rd and Mechanic St - Downtown

The Tremont House recently completed an extensive renovation of its historic hotel. The renovation project exceeded $12 million with another $2 million in renovations slated for the Rooftop Bar.

Updates included redesigns to all 135 guest rooms and suites, lobby and public spaces, meeting and event spaces and food and beverage outlets. All guestrooms including 27 suites, unveil their fresh updates with traditional designs including hardwood floors, exposed brick walls and 14-16 foot ceilings.

Four historic suites in the hotel’s original Belmont wing are included in the refresh and will reopen as the “Mitchell Collection”, a private floor of the hotel featuring a shared social space with a private bar. This collection of suites pays homage to the rich history of the Mitchell family in Galveston and features pressed tin ceilings, original hardwood floors, large living areas and the option to connect the suites together.

21st and Mechanic St Downtown

Developer Hadar Goldman has acquired the Cotton Exchange Building and Board of Trade Building, 2102 Mechanic St., with plans to convert it to a 19-unit apartment complex.

Renovations to the 17,000 square feet of flexible meeting and event space include eight completely redesigned rooms featuring new flooring, furnishings and amenities. The lobby has been transformed with a new urban market and bistro concept, with authentic food and beverage offerings during the day, and transforming in the evenings with live music and prohibition-themed cocktails at the historic 1872 Toujouse bar.

74 | GEDP DEVELOPER PROFILE | 2022
THE COTTON EXCHANGE BLDG
713-857-2309 | tomsgalvestonrealestate.com

2022 GEDP MEMBERSHIP DIRECTORY

6 Degrees Wealth

Jason Hardcastle www.6degreeswealth.com

American National Insurance Co. Tim Walsh www.americannational.com

Bassett Family Interests Keith Bassett

Bay Area Houston Economic Partnership Bob Mitchell www.bayareahouston.com

Beachtown Galveston Corporation Tofigh Shirazi www.beachtowngalveston.com

Better Homes and Gardens Real Estate

Gary Greene Edie Harrington www.galveston-intown-garygreene.com

BioHouston Ann Tanabe www.biohouston.org

CenterPoint Energy Jose Sanchez www.centerpointenergy.com

Chrysalis BioTherapeutics Darrell H. Carney www.chrysbio.com

Cimarron Capital Partners Robert Heard Mark Leigh www.cimarroncapital.com

City of Galveston Mayor, Craig Brown Michele Hay Brian Maxwell www.galvestontx.gov

Classic Auto Group Galveston Howie Bentley www.classicgalveston.com

Coastal Solutions, Inc Marie Robb www.coastalsolution.com

Creative Photography Manny Chan www.mannychan.net

DLJ Studios

Darrell John www.dljstudios.com

Edward Jones Samuel Malchar www.edwardjones.com

Express Employment Professionals Mark Conrad www.expresspros.com

Farmers Alloy Fabricating Jason Farmer www.farmersalloy.com

Faust Haus David C. Finklea www.fausthaus.us

Five & Two Marketing Liz Rogers www.fiveandtwomarketing.com

Frost Bank Stephen Maxwell www.frostbank.com

Gaido’s Seafood/Nick’s Kitchen & Beach Bar Nick Gaido www.gaidos.com

Galveston Association of Realtors Lesley Sommer www.thegalvestonMLS.com

Galveston College Myles Shelton www.gc.edu

Galveston County Dane Carlson www.galvestoncountytx.gov

Galveston Co. Navigation District No. 1 Dennis Byrd, Sr. www.galvestonnavigation.com

Galveston Economic Development Partnership Keith Gray www.gedp.org

Galveston Historical Foundation Dwayne Jones www.galvestonhistory.org

Galveston Hotel & Lodging Association Marty Miles www.galvestonlodging.org

Galveston Independent School District Jerry Gibson www.gisd.org

Galveston Insurance Associates Garry Kaufman www.gia-tx.com

Galveston Island Park Board of Trustees Kelly de Schaun Michael Woody www.galvestonparkboard.org

Galveston Regional Chamber of Commerce

Jay Carnes Gina Spagnola www.galvestonchamber.com

Galveston Restaurant Group Johnny Smecca www.galvestonrestaurantgroup.com

GB Tech, Inc Gale E. Burkett www.gbtech.net

Great Scott Enterprises Todd Scott www.greatscottenterprises.net

Gulf Copper Drydock & Rig Repair Leonard Hale www.gulfcopper.com

Ham, Langston & Brezina LLP William Ansell Mark Rush www.hlb-cpa.com

HomeTown Bank of Galveston Jimmy Rasmussen www.hometown.bank

Immaculate Painting & Construction Juan Carcaño Jarrod Carr www.immaculatepaint.com

Industrial Material Corporation Jayson Levy www.industrialmaterial.com

Institute for a Disaster Resilient Texas (IDRT), TAMUG Samuel Brody www.idrt.tamug.edu

Island Famous Dennis Byrd, Jr. www.islandfamous.com

ITEX Group Chris Akbari www.itexgrp.com

J.W. Kelso Company, Inc John W. Kelso www.jwkelso.com

JE Dunn Construction Patrick Dennis Ruben Gonzalez www.jedunn.com

Joe Tramonte Realty, Inc V. J. Tramonte www.tramonterealty.com

Kahala Development, LLC Debbie Reinhart

76 | GEDP DEVELOPER PROFILE | 2022

2022 GEDP MEMBERSHIP DIRECTORY

Kempner Capital Management

Harris L. Kempner, Jr. www.kempnercapital.com

Kirby Advertising Debbie Kirby www.kirbyadvertising.com

LUX Custom Homes

John Paul Listowski www.luxcustomhomesgalveston.com

M. J. Naschke Public Relations Mary Jo Naschke www.mjnpr.com

Marmo Plaza Jimmy McClure www.marmoplaza.com

Martin Midstream Partners, L.P. Damon King www.mmlp.com

McCoy’s Building Supply

Dan Stauffer www.mccoys.com/stores/galveston-tx

Mihovil Photography

Robert J. Mihovil www.mihovil.com

Mills Shirley LLP

Fred D. Raschke www.millsshirley.com

Minuteman Press Jim Sweeney www.galveston.minutemanpress.com

Mitchell Family Corp Joe Rozier www.mitchellfamilycorp.com

Moody Gardens Hotel,Spa & Convention Center Leon Garrison www.moodygardens.com

Moody National Bank Victor Pierson www.moodybank.com

Parr 2 LLC

John C. Bouse

PBK pbk.com

Port of Galveston

Rodger Rees www.portofgalveston.com

Prosperity Bank

Tom LaRue www.prosperitybankusa.com

Rider & Wilson William Rider

Rochkind Insurance Hal Rochkind www.insurancegalveston.com

Roger Quiroga Roger.quiroga@gmail.com

Sand ‘n Sea Prosperities, LLC Claire Reiswerg www.sandnsea.com

Scholes International Airport at Galveston Michael Shahan www.galvestonairport.com

Sea Star Base Galveston Michael LeBlanc www.ssbgalveston.org

Sealy & Smith Foundation Doug Rogers www.sealy-smith-foundation.org

Sherwin-Williams Co. Roderick Means Billy Joe Strawn www.sherwin-williams.com

Shriners Children’s Texas Jennifer Anderson Mark Hodges www.ShrinersTexas.org

Stephen G. Schultz, PC Stephen G. Schulz www.greerherz.com

Stewart Title David J. Norris www.stewart.com/galveston

Sullivan Interests Todd Sullivan www.eviagalveston.com

Sullivan Land & Cattle Company Rocky Sullivan www.sullivancompaniestx.com

Teichman Group Kelly Teichman www.teichmangroup.com

Texas A&M University at Galveston Col. Michael Fossum www.tamug.edu

Texas Coast Hotels Willis Gandhi www.txcoasthotels.com

Texas First Bank Chris Doyle www.texasfirst.bank

Texas Gas Service Arthur Thomas www.onegas.com

The Cannon Alex Gras Hilary Agho www.marmoplaza.com

The Galveston County Daily News Leonard Woolsey www.galvnews.com

The Grand 1894 Opera House Maureen Patton www.thegrand.com

The Tremont House Jeffery Ossenkop www.thetremonthouse.com

Titan Technologies Keith Palmer www.titantechnologies.com

Tolunay-Wong-Engineeers, Inc. Greg Copeland www.tweinc.com

Tom’s Galveston Real Estate-Coldwell Bankers Reid A. Nelson Tom Schwenk www.talktotgre.com

University of Texas Medical Branch Aaron LeMay Charles P. Mouton www.utmb.edu

Verity IMS David Canington www.verityims.com

Vision Galveston Christine Bryant www.visiongalveston.com

Wan Bridge Group Danting Li www.wanbridge.com

Winstead PC John Rutherford www.winstead.com

Zero-Six Consulting Bill Coltzer www.z6consulting.com

2022 | GEDP DEVELOPER PROFILE | 77

DEVELOPER PROFILE ADVERTISING SPONSORS

The GEDP would like to express our sincere appreciation to the 2022 Developer Profile Sponsors. Your support and participation enable us to provide this very useful publication.

SPONSOR / ADVERTISER NAME WEBSITE ADDRESS

PAGE

American National Insurance Co www.americannational.com 2

Bassett Family Retail Group 69

CenterPoint Energy www.centerpointenergy.com 7

City of Galveston www.galvestontx.gov 12

Coldwell Bankers - TGRE www.tomsgalvestonrealestate.com 75

Frost Bank frostbank.com 45

Galveston College www.gc.edu 46

Galveston County Daily News www.galvnews.com Inside Back Cover

Galveston Independent School District www.gisd.org 40

Galveston Insurance Associates www.gia-tx.com 25

Galveston Regional Chamber of Commerce www.galvestonchamber.com 57

Galveston Restaurant Group www.galvestonrestaurantgroup.com 38

Galveston Wharves www.portofgalveston.com 28

Gulf Copper www.gulfcopper.com 69

HomeTown Bank of Galveston www.hometown.bank Inside Front Cover

Joe Tramonte Realty www.tramonterealty.com Back Cover

Kelso Concrete Company www.kelsoconcrete.com 43

Kirby Advertising 25

McCoy’s Building Supply www.mccoys.com 24

Moody Bank www.moodybank.com 33

Scholes International Airport www.galvestonairport.com 11

Sherwin Williams www.sherwin-williams.com 70

Shriners Children’s Texas www.shrinerstexas.org 43

Texas A&M University at Galveston www.tamug.edu 48

Texas First Bank www.texasfirst.bank 68

Texas Windstorm Insurance Association www.twia.org 66

University of Texas Medical Branch www.utmb.edu 52

Zero-Six Consulting www.z6consulting.com 62

– IN APPRECIATION –

We extends our deepest appreciation to several individuals for their assistance in compiling this year’s Developer Profile magazine. Cathy Palmer - GEDP | Michele Hay - City of Galveston | Robert Mihovil - Mihovil Photography | Debbie

-

Advertising And to all our partners, sponsors and others who contributed to the content of this year’s 2022 Developer Profile magazine.

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Kirby Kirby

WHO IS THE GEDP AND HOW CAN I GET INVOLVED?

MISSION

The Galveston Economic Development Partnership (GEDP) was created in 1999 by the Business and Community leaders of Galveston to support the expansion and diversification of Galveston’s Employment and Tax Bases.

BENEFITS

The GEDP connects members, businesses and entities interested in exploring development opportunities in Galveston. GEDP tools and resources have been developed over the years to assist in site location, business retention, demographic and socio-economic data, financial resources, and a general overview of Galveston’s economic climate for due diligence and project development purposes.

Services of the GEDP include:

• Financial Resources • Incentive Programs

• Site Selection

• Permitting Assistance

• Demographic Information

• Project Structuring

• Local Economic Climate Information

• Project Development Due Diligence

GROWTH

GEDP Members maximize participation through involvement with Task Forces, Sub-Committees, Webinars, Special Events and access to regional data, information and analysis. Working with our members and community partners, we help build stronger connections, better resources and innovative opportunities for Galveston’s businesses and community.

JOIN

To learn more or to become engaged in the work of the GEDP – reach out to the staff of the GEDP | 409-770-0216 | www.gedp.org.

2022 | GEDP DEVELOPER PROFILE | 79
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