robin-eve jasper president, noma business improvement district
DESCRIPTION
Public-Private Partnership to Build a Metro Station in Washington DC. Robin-Eve Jasper President, NoMa Business Improvement District. NoMa: North of Massachusetts Avenue. Assets before 2004. Proximity to the US Capitol and Union Station Swampoodle legacy On DC Metro’s “Red Line” - PowerPoint PPT PresentationTRANSCRIPT
Robin-Eve Jasper
President, NoMa Business Improvement District
Public-Private Partnership to Build a Metro Station in Washington DC
NoMa: North of Massachusetts Avenue
Assets before 2004
• Proximity to the US Capitol and
Union Station
• Swampoodle legacy
• On DC Metro’s “Red Line”
• Commuter rail
• Metro stop at Union Station
• 6 million square feet of
development
2
• Public-private partnership began
in 1998
• Station opened in 2004
• $120 M public/private investment
• 8,400 + daily ridership, increased
from 2,100 in 2005
• Fastest-growing ridership in the
system
NoMa –Gallaudet U Metro Station
3
• Large land tracts
• Public transit/highway
• C-3-C zoning; by right
• TDRs
• DC Growth
• “Hole in the donut”
Other Key Investment Drivers
4
$3 billion in private
investment
8 million square feet of mixed
use space
•5.5 million square feet of office
space
•350,000 square feet of retail space
•3,964 apartments (existing & under
construction)
•622 hotel rooms (existing & under
construction)
Development 2005 – 2013
5
• CareFirst Blue Cross/Blue Shield
• CNN
• Kaiser Permanente
• Mathematica Policy Research
• NeighborWorks
• NPR
• Sirius XM
• US Department of Justice
NoMa Tenants
6
Impact on DC Economic Growth
• 1996: $5 million in real estate tax
revenue to District government
• First half of 2014: roughly $45 million
in tax revenue to District
government
• New residents = income tax revenue
• New businesses = sales tax revenue
• Jobs - Jobs - Jobs
9
• NoMa – Gallaudet U. Metro
• Residential tax abatement
• Nonprofit tax abatement
• Harris Teeter incentive
• NoMa parks funding - $50
million
• NoMa parks foundation
BID Activities: Economic Development
10
BID Activities: Events
23
• 30+ free community events per
year
• 5,000 at first annual NoMa Beer
Fest
• 1,200+ at “Outlaw Hero” themed
NoMa Summer Screen
• Block by block trash pick-up
• Mar-May 2013: 175,378
pounds
• June-July 2013: 179,516
pounds
• On-street recycling program
• Neighborhood landscaping
BID Activities: Clean and Safe
12
• 3,901 subscribers to
bimonthly newsletter
• Social media
@NoMaBID
• Walking tours
• Fence and street pole
banners
BID Activities: Marketing
13