Community Benefits

Parks and Open Space

The ocV!BE master plan includes multiple new urban parks, all linked via walkways and trails. These publicly accessible parks include a more than 4-acre park focused on wellness and nature, as well as a five-acre greenspace in front of ARTIC along the Santa Ana River.

With 20 acres of public space, central to ocV!BE is respite within the project itself. These public green spaces are fully integrated into the design of the project. All of ocV!BE will be connected by a trail system, including a 3-mile loop and access to existing public trails along the Santa Ana River.

WELLNESS PARK (Rev) MEADOW PARK

New Housing with Commitment to Affordable Housing Units

ocV!BE seeks to provide housing for all, with a dedication of 15% affordable housing units on site (all affordable income levels). The project addresses the broader, regional housing crisis by providing 1,500 critically needed new rental housing units.

Economic Impact

ocV!BE will provide more than 10,000 new construction jobs and more than 3,000 permanent jobs upon operation. In addition, the project will generate more than $2 billion in one-time economic impact prior to completion and more than $400 million in annual recurring economic impact.*

Tax revenue generated by ocV!BE will assist the City of Anaheim in its efforts to enhance neighborhoods and public safety.  The project will request no rebate or subsidy of General Fund tax revenues.

The project brings attractive restaurants and retail to Anaheim, allowing residents and visitors to dine and shop locally. It also creates a revenue stream to maintain and improve Honda Center, a publicly-owned facility, at no cost to taxpayers.

* Source: Independent analysis conducted by DTA, a national public finance and development economics firm.

SOUTH PLAZA HOTEL URBAN PARK NIGHT

Transit and ARTIC Activation

ocV!BE creates a true transit-oriented community in the heart of Orange County. The ocV!BE Master Plan integrates ARTIC into the larger district.  By drawing more guests to ARTIC, this will in turn increase transit ridership via Amtrak, Metrolink and bus providers.

Management is also working with the City of Anaheim and regional transit agencies to provide better public transit options to the site. Ridesharing is also thoughtfully designed into the project, with onsite drop-off and pick-up locations.