A birdseye-view shows how the Olympic Athletes’ Village would rise from Dorchester’s Columbia Point. The latest plan devised by proponents was released to the public on Monday.

If Boston wins its bid to host the 2024 Summer Olympic Games, a $2.8 billion, privately built Athletes’ Village will rise from Columbia Point and publicly funded rehabilitations will be undertaken at nearby Kosciuszko Circle and the JFK/UMass MBTA Station.

The Athletes Village plan is a key pillar of Boston 2024’s plan to host the games in 2024. On Monday, at the Boston Convention and Exhibition Center, the private organization behind the proposal rolled out its latest iteration of how its operatives, the city, the state, and surrounding areas would host the international competitions.

The “Athletes’ Village” will be a multi-billion, four-million-square foot facility, bankrolled by a so-called “master developer” who would purchase the parcels at cost and develop them to Olympic specifications, said Boston 2024 CEO Rich Davey in an interview with the Reporter.

All of this, of course, hinges on Boston actually winning the bid. Davey said a Request for Qualifications for a master developer would be issued “early next year” with a Request for Proposals process kicking off “basically the moment we find out if we win the Games,” which would be in September 2017. The master developer then would be selected through a “competitive” public process with the city and the Boston Redevelopment Authority, with construction expected to begin in 2020. The Reporter first reported details of the master developer concept in a story earlier this month.

To fund the creation of the new neighborhood, Davey said a tax agreement would be negotiated between the city and the successful developer. “We’re not contemplating bonds, just a straight up tax arrangement with whoever the developer is and the city,” Davey said, adding that as of last Sunday night, the city is not on board with the tax agreement plan.

In an interview with the Reporter, Mayor Martin Walsh said he was comfortable with the prospect of entering into some sort of tax agreement with a master developer, for example, who might seek incentives in order to assemble and build out the Athletes’ Village. “Even in the short term, with a project as large as that or Widett Circle, a developer would be looking for some kind of tax agreement,” said Walsh. “We have something like 120 tax agreements over the last four decades in the city of Boston. If it’s a massive development there’s still going to be some kind of agreement,” said Walsh.

Beyond the tax situation, Walsh said that he was “really happy with where this 2.0 plan is going. Clearly there are a lot more specifics with the Games to get paid for, but with the way these plans are drawn up, we can see how Widett Circle and Olympic Village — and Kosciuszko Circle— plays out.” The latter was a reference to the key traffic rotary that would be rebuilt under the latest Olympics proposal. “Whether or not we get the Olympics, that needs to be dealt with. It’s a major entry point for the city.”

For his part, Gov. Charlie Baker on Monday was upbeat in his reaction to the 2.0 bid as a whole. “I think we’re going to need private financing there,” he said of the plans for Columbia Point. “If that carrot is there, and you can show someone that it’s profitable for them, it’s a way for us to get a builder. I think 2024 is really being thoughtful and really thinking about it.”

The fixes to Kosciuszko Circle and JFK/UMass Station would be pursued through a new transportation bond bill secured from the Legislature, Davey said. The Dorchester and South Boston delegations at the State House “would have to lead” the effort to secure funding for the bonds, Davey said, adding that the legislators had been briefed on the proposals on Friday and “they were happy with the proposed transportation improvements.”

The plan calls for the existing rotary at Kosciuszko Circle, a driver’s nightmare for several hours every morning and afternoon during the weekday, to be eliminated and replaced by a four-way intersection, improvements that could cost as much as $160 million. The Boston 2024 proposal envisions two potential re-designs to the road system, one of which would create a north-south bypass road to parallel Morrissey Boulevard.

Davey said that the design elements for the new road system are based on plans outlined by a BRA-supervised master plan that was created by a team of civic leaders several years ago. “We heard from the neighborhood and electeds that a consensus had already been derived and to make sure to use it as part of our work,” said Davey.

JFK/UMass would see an upgraded station with improved access to the areas to the west that are divided by the Expressway, and upgrades for bus operations. Davey estimates that the rehab at the Red Line and commuter rail hub would cost about $60 million. “We’re not asking for something that would be nice to have. We’re asking for something that the community has needed for at least a decade,” Davey said. Boston 2024 does not have a timeline for the bond bill, but Davey said he expects funds would be identified in the next available bond bill — which is two years away.

The “Athletes Village” developments would be built piecemeal around existing and proposed developments like the new Boston Teachers Union, an expanded DoubleTree Hotel, and the proposed six-story University Place development adjacent to the existing Bayside Office Center.
“All are very open to our plans; [they] have all seen them,” Davey said of the current stakeholders on Columbia Point. “Of course, the devil’s in the details.” The Reporter previously reported that in Boston 2024’s first iteration of the plan, key landowners and stakeholders had not been consulted about plans to use Columbia Point land for the Games. Since then, things have changed. “All have expressed willingness to develop plans and negotiate,” Davey said. “They see that this could be the proverbial win-win-win.”

The $2.8 billion sum laid out on Monday includes $211 million for land acquisition and infrastructure within the village; $2.067 billion for construction; $330 million for “soft costs”; and $60 million for contingency. Davey said he expects “hundreds” of construction jobs will be created before the Games. “The overall insurance program will have a master developer assume the risk,” he said. “That’s why we like the master developer approach.” The plan could also include surety bonds and a capital replacement insurance program, “ensuring an insurance company will step in if financing falls apart,” he added.

“The legacy is to leave behind a new neighborhood,” Davey said, one comprising 4,000 units of housing, 3,000 of which would be mixed income and multi-generational, and another 500 units reserved for the elderly. This has been a local priority since the first plan was vetted with the community. Another 2,700 units would be created as dorms for UMass Boston students. The neighborhood would also include a 2,700 square-foot innovation center with artisanal workshop space. The development will be “resilient,” Davey said, built in line with flooding and other natural disaster-specific precautions. Planners estimate that 450 permanent jobs in retail and property management positions will be in place after the Games are over.

The current plan does not call for modular housing to be relocated throughout the city after the Games, which was a key element of the original “Athletes Village” proposal that was delivered to the US Olympic Committee in December.

As detailed in Columbia Point and UMass Boston master plans, the university is looking to build out housing for its students. Davey said it was possible the same developer chosen this summer to build the first round of dorms for UMass Boston could be the master developer selected for the Athletes Village, but that all would be ironed out in the “competitive” public process to select the developer.

The university is not currently engaged as a site for any actual competition, but according to Davey, that could change. UMass Boston is key player in the “Athletes Village” concept because the university controls the pivotal Bayside Expo Center parcel, which is in use in the latest renderings.

“This is not the end of the conversation,” said Davey. “We have a number of events that do not have venues yet, aquatics in particular. Right now, the aquatics facility would be built as a temporary venue and we see that as a missed opportunity. We think there may be a way to leave behind a permanent pool for a university or a neighborhood.”

One element of the Athletes’ Village plan that is coming into sharper focus in the latest document is the plan to utilize most of South Boston’s Moakley Park for matters related to the Athletes’ Village. A rendering supplied to the Reporter by Boston 2024 shows multiple temporary structures rising from what are now playing fields in the 62-acre, city-owned park.

“We are proposing to use Moakley in part temporarily for the athletes and we’ll be investing in the northernmost piece of the park,” said Davey. “We think that there are some improvements that could be made there both before and after the Games.”

“Over nine years out, I am satisfied with where we are,” Davey said on Sunday night. “I have no doubt that this won’t answer every question. This is 2.0. This is not the end of the conversation.”

Boston 2024 and the city of Boston are continuing to host community meetings on the proposed plans. The was a meeting on Tuesday night at Jamaica Plain’s English High School, and Boston 2024 is traveling to Quincy on July 9 for a public meeting to vet the proposed beach volleyball venue at Squantum Point Park.