A Look at Transit Oriented Development Planning, Benchmarking, Projecting
City Council Briefing February 2, 2016
Brian S. Solis, AICP, LEED Green Associate SGA Interim Director
Transportation and Transit Planning Manager
Overview
I. Existing, approved land use planning policy
II. What is Transit Oriented Development (TOD) and where is it planned?
III. Benchmarked TOD in other cities I. Questions and comments
Strategic Growth Areas 2% of Land Area =
50% of future growth
Military Installations 8% of Land Area = Stable
Transition Area 2% of Land Area = 15 - 20% of growth
Rural + Parks 50% of Land Area = Stable
Suburban Area 30% of Land Area = Stable
Suburban Focus Areas + Special Economic Growth Areas
8% of Land Area = 30 - 35% of growth
Fulfilling Land Use and Transportation Planning Policy
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SGA Character – All Different Each SGA has its own unique character, distinct identities help prevent competition between the areas and provide various opportunities.
Burton Station: Jan 2009 Next Generation Manufacturing and Technology Zone
Centerville/Regent: March 2013 Education-oriented master planned community
Newtown: July 2010 Keynote Employment District
Pembroke: Nov 2009 Virginia Beach’s Central Business District
Rosemont: Sept 2011 Transit-Oriented Residential Village
Hilltop: Aug 2012 Regional Retail Destination Health Services Cluster
Oceanfront: Dec 2008 Flagship Resort and Recreational Destination
Lynnhaven: April 2012 PDR Hub (Production, Distribution and Repair, Service District)
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Fulfilling City Land Use Policy, Transportation Planning and Public Engagement
Policy documents developed after extensive public and stakeholder involvement
7 of 8 adopted SGAs plus the Princess Anne/ITA Plan include alternative multimodal transportation, such as light rail, as key to maximizing benefit to City and region
Envision VB2040 and Sustainability Plan emphasize need for Connected Community via multimodal solutions
Adopted Centerville SGA Master Plan
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What is Transit Oriented Development (TOD)?
Mix of housing, office, retail and/or other amenities in walkable area located within a half-mile of quality public transportation
Potential for increased and/or sustained property values where transit investments have occurred
Improved access to jobs
Expanded mobility choices that reduce dependence on cars, reduce transportation costs
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Shifting Demographics
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Shifting Demographics - Today
Source: Pew Research Center is a nonpartisan fact tank that informs the public about the issues, attitudes and trends shaping America and the world. It conducts public opinion polling, demographic research, media content analysis and other empirical social science research. Pew Research Center does not take policy positions.
8 Demographics Light rail is a key element for optimizing
the planned SGAs Light rail, enhanced bus and paratransit
services will support baby boomer needs and millennial and following generation desires
Dallas, TX (9th largest in U.S., 4th largest MSA)
113 bus routes + 18 shuttles, 4 light rail lines, 1 street car and 1 commuter train
62 light rail stations, 10 commuter rail stations, 4 street car stations
1996 to 2013 -- more than $1.5 billion in new construction within .25 mile of stations (Study by University of North Texas)
1993 and 2013 -- over $752 million in multi-family development and $617 million office and retail development occurred within .25 mile of stations
Another $3.9 billion in new projects planned
Tax contributions for new development near stations exceed $36 million annually
Offices located within .25 mi. of rail system have seen, on average, a 13.9% premium on lease rates
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DART Founded in 1983
Charlotte, NC (17th largest in U.S., 22 largest MSA)
CATS started in 1999 Includes 69 bus routes, Blue Line
light rail, Gold Line street car line and bus rapid transit and 10 stations
In first 8 years, $1.46 billion of new private development occurred along only half of the line – hotels, retail, residential units
Property values increased, which in turn increased local tax revenue from $6 million per year to $16 million per year in 2015
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Charlotte, NC (17th largest in U.S., 22 largest MSA)
Examples of development projects planned at various stops along the 9.3-mile Blue Line Extension, which opens in 2017:
9th St. Station: First Ward Park – “grand park” surrounded by apartments, hotels and office space
25th St. Station: 250-unit apartment complex with retail at corner of North Davidson and 26th streets
36th St. Station: 350 residential units and potential hotel and boutique grocer at Blue Line station
Sugar Creek Station: major mixed-use development on West Craighead St. – 450 residential units spread over 25 acres
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Denver, CO (21st largest MSA in U.S.)
Includes 6 light rail lines with 46 stations and 47 miles , 79 local, 16 express, 16 regional, 11 limited, and 5 skyRide bus routes
It also includes Denver now #1 destination for millennials
95 % of all companies new to the region locate within ½ mile of an LRT station
CBD cemented as strongest office market due to transit access
<40% of CBD workers get to work by auto
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Regional Transportation District - 1969
13 As of April 2010, the following TOD was complete or under construction FasTracks corridors 17,400 housing units 4,900 hotel rooms 5.3 million s.f. of retail space, 5.27 million s.f
of office space 2.3 million s.f. of civic space 160,000 s.f. of cultural space 1.6 million s.f. of educational space 5.96 million s.f. of medical‐related space 2.6 million s.f. of convention space TOD Projects in Denver: 16th Street Mall, Central Corridor, Southwest Corridor, Central Platte Valley, Southeast Corridor, West Corridor, Union Station, East Corridor
Denver, CO (21st largest MSA in U.S.)
Portland, OR (28th largest in U.S., 24th largest MSA)
Includes 80 bus routes, 5 light rail lines (60 miles), 2 street car lines, one commuter train line (14.7 miles)
97 light rail stations and 5 commuter
As of 2014, 31 TOD projects completed totaling $528 million of investment
FY2013-2014 -- two TOD projects completed, four under construction and three approved to begin with more in the pipeline
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Tri-County Metropolitan Transportation District “Trimet” - 1969
Portland, OR (28th largest in U.S., 24th largest MSA)
Development within the first 5 years since engineering: As of FY 2013-2014:
3,296 residential units
399,796 square feet of commercial space (retail/office)
This required only 51 acres of land, thereby preserving farms and forestland. If developed conventionally, would have used 530 acres
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Minneapolis, MN (46th largest in U.S., Minneapolis-St. Paul 14th largest MSA)
Includes 132 bus routes, 2 light rail routes, 1 commuter train and 1 bus rapid transit route
Over $2.5 billion in investment within a half mile of the track was announced in 5 years following start of engineering
Individual businesses near the line have seen 10 to 18 percent sales increases
New senior housing near Fairfield Ave. station
New complex of affordable homes near Hamline station
New 8-acre, $30 million destination brewery and beer garden in an old industrial neighborhood along the line
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Minneapolis-St.Paul Metro Transit - 1967
Norfolk
7.4 mile starter line
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The Tide - 2011
Salt Lake City, UT (48th largest MSA in U.S.)
Includes 134 miles of light rail lines with 50 stations, 68,100 daily ridership
Salt Lake region recently completed a $2.5 billion transit system expansion, doubling the system in last 5 years
The Church of Jesus Christ of Latter-day Saints is creating state's most high-profile transit-oriented development (TOD) — the $1.5 billion, 23-acre City Creek Center project
Phase I Jordan Valley Station TOD, called Bangerter Station, is a recent $40 million 267 housing units, ultimately 1,400 units
83,000 s.f of office space, and 35,000 sf. of restaurant and retail space
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TRAX - 1999
Buffalo, NY (54th largest MSA in U.S.)
Includes one, 6.4 mile light rail route line that averages 15,700 daily ridership
Revitalized mixed use area on Erie canal waterfront, planned at over 1 million s.f. of retail, hospitality, commercial, cultural, and residential space in downtown Buffalo. Managed by Global Spectrum valued at over $300 million investment in last 5 to 7 years.
Canalside is accessible by the Metro Rail and Bus NFTA Metro Rail and Bus, “Erie Canal Harbor” stop
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Buffalo Metro Transit Rail - 1984
Light Rail Information Briefing Schedule February
* February 17 – HRT public open house at The Westin on 15% Light Rail Extension Project Design Economic Analysis and Projections for Transit-Oriented Development and Job Creation, Ron Berkebile, SGA Economist Memorandum of Understanding, Brian Solis, Interim SGA Director
March
Light Rail Vehicle Purchase, William Harrell, HRT CEO
April Analysis of Virginia Beach Projections, Dr. James V. Koch, Board of Visitors Professor of Economics and President Emeritus at ODU
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A Look at Transit Oriented Development Planning, Benchmarking, Projecting
City Council Briefing February 2, 2016
Brian S. Solis, AICP, LEED Green Associate SGA Interim Director
Transportation and Transit Planning Manager
Questions and Comments