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HomeMy WebLinkAboutAGENDA REPORT 2022 0316 CCSA REG ITEM 09C POWERPOINTMeet Me Room Market Study March 16, 2022 Background • Oct. 2020: Broadband Strategic Plan • Mar. 2021: Meet Me Room Market Study Contract Awarded • June 2021: RFI Issued • Mar. 2022: Market Study Finalized What Is a Meet Me Room? • Houses servers that act as a hub for telecommunications service providers • Users rent space inside (would create a revenue stream) • Moorpark is a high-value potential location because of centrality within Ventura County and the presence of long-haul fiber-optic cables inside the railroad right-of-way Market Study Objective “If we build it, will they come?” Market Study: What Did We Learn? 1)A Meet Me Room would significantly advance the City’s broadband-related goals. 2)There is significant interest in a Meet Me Room, especially when paired with a Data Center. 3)A combined Meet Me Room/Data Center should be: Approximately 5,000 sq. ft. Expandable to 10,000 sq. ft. Detached from other structures Market Study: What Did We Learn? 4)The estimated cost of a 5,000 sq. ft. facility is $5,000,000. 5)A PPP business model is available. 6)A Meet Me Room becomes viable when either the County of Ventura or State of California commits to constructing their broadband networks through Moorpark. Market Study: Recommendations 1)Monitor and support the Ventura County and Statewide broadband networks. 2)If Ventura County funds its Phase 2 (which runs through Moorpark), proceed with Meet Me Room/Data Center. 3)If the State of California funds its network through Moorpark, proceed with Meet Me Room/Data Center. Staff should also monitor financing/grant opportunities.