“Transportation Directions:

Where Are We Heading?”

White Flint PartnershipAnd The Sustainable Transportation

CorridorA Case Study

October 26, 2011

Presented byFrancine E. Waters

22 Counties in the Washington Metropolitan Area

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State of Maryland

Montgomery County 2010 Population: 971,777*

Montgomery County Population Distribution

4The base is the 1960’s wedges & corridors master plan showing where we would focus growth.  The dots rep 100 people as reflected in the 2010 census.

White FlintSector Plan

Area:430 Acres

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Saul Centers, Inc.

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White Flint Partnership Members

Saul Centers, Inc.

Federal Realty

Gables Residential

The JBG Companies

Lerner Enterprises

The Tower Companies

Lerner &Tower

B.F. Saul

Saul Centers, Inc.

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White Flint Existing Conditions

Image From MNCPPC Planning Staff Presentation

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Developing a new Road Network for cars, pedestrians and bicyclists

Source: Glatting Jackson, etal

Existing road network 10 Additional Lanes East/West6 Additional Lanes North/South

Approved

DESIGN - Placemaking

Establish a connection between land use, motorists, transit and bicycles

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A 21st Century Boulevard with street front retail, dedicated bike lanes and center lane dedicated rapid transit.

Rockville Pike – 21st Century Boulevard

Transit Oriented DevelopmentBicycles & Pedestrians

a.Dedicated Bike Lanesb.Bike Racksc.Bike Valetd.Bike Sharing Program

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Transit Oriented Development BUS RAPID TRANSIT (BRT)

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Rapid Transit Improvements on a Sustainable Corridor – Rockville Pike

The entire White Flint community of 430 acres will be within a 10 minute walk of BRT.Support Existing Infrastructure:The White Flint Metrorail Station

White Flint Partnership Website

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Val

ue (b

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Squa

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eet (

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ions

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Year

Existing New Development Value

Value Creation in White Flint

Phase I Phase II Phase III

$1.3 Billion Net New Property Tax Revenue Generated (PV)

Note: Value assumes market rate per square foot of: existing retail $220, residential $375, office $440, hotel $450, retail $550. Assumes 3% annual growth rate.

39,000 New Jobs

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Ph III

District Infrastructure Costs

# Improvement Estimate Complete

1 Rockville Pike (Md 355) - Phase 1 $5,000,000 2013

2 Reopening of Old Old Georgetown Rd $34,907,000 2013

2 Market St & realignment of Executive Blvd $24,817,000 2014

3 Executive Blvd Ext (east) $16,700,000 2016

3 Nebel Street $8,200,000 2020

4 Bridge over Metro station $7,500,000 2020

5 Nicholson Lane1 (streetscape) $12,942,000 2024

1 Rockville Pike (Md 355) - Phase 3 $59,261,000 2026

Total $169,327,000 2026

1 40% of estimated costs as an allowance to cover 40% of streetscape improvements (assumes remaining 60% covered by private sector)2 Assumes utilities are publicly constructed. If privately constructed, utility work will cost approximately 33% more

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Developer District County

Developer$280

District $169

County$152

$601 million Total Infrastructure Cost in White Flint…

…75% Funded by the Private Sector

White Flint Development District Tax• The White Flint Development District Tax

Generates $154 million (present value) and/or $169 million (in future dollars). It is an ad valorem property tax to fund specific transportation infrastructure within White Flint billed at a rate of 10 cents per $100 of assessed value which began in July 2011.

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2010

2012

2014

2016

2018

2020

2022

2024

2026

2028

2030

2032

2034

2036

2038

2040

2042

2044

2046

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2050

2052

2054

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$140

Cumulative Cash Flow

Special Tax

mil

lio

ns

$155

White Flint Science Triangle

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Science & Health Triangle

Science & Health Triangle

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National Cancer Institute

Health and Human Services

Bethesda Naval & National Institutes of Health

Food and Drug AdministrationWHITE FLINT

Nuclear Regulatory Commission

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Rockville Pike – 21st Century BoulevardTree lined boulevard with wide sidewalks and permeable surfaces

White Flint PartnershipFrancine E. Watersfwaters@lerner.com

www..whiteflintpartnership.com

White Flint PartnershipFrancine E. Watersfwaters@lerner.com

www..whiteflintpartnership.com

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Thank You!