Economic Development Benefit/Cost Transit Slides.

Slides:



Advertisements
Similar presentations
Module 7 STATION AREA PLANNING. Module 7 Station Area Planning Introduction This is one of seven Transit Oriented Development training modules developed.
Advertisements

Southern California Association of Governments Where Will Our Children Live? Darin Chidsey Member Relations Officer Growth, Change and Rising Prices.
Sustainable Transit as an Engine for Economic Growth Harriet Tregoning, Director of Office of Economic Resilience, U.S. Department of Housing and Urban.
Smart Growth Makes Money: Transit Oriented Development.
Equitable Transit Oriented Development the Denver perspective.
Briefing on a Cost-Benefit Analysis Framework for Transit Investments in the Washington Region David Lewis Ph.D. Chief Economist HDR|Decision Economics.
The Industrial Middle of Portland’s Changing Income Distribution.
Twin Cities Case Study: Northstar Corridor. ●By 2030, region expected to grow by nearly 1 million, with 91% to 95% of new growth forecast to be located.
2009 SDAPA Awards Ceremony San Diego Chapter American Planning Association.
 City of Mesa Council Presentation October 23, 2014.
Station Development Update Melissa DuMond, Director of Planning and Integration April 29, 2015.
AFL-CIO Investment Program presents to Regional Roundtable On Public Pension Funds and Targeted Investing Federal Reserve Bank of Boston Boston, Massachusetts.
Associating David Levinson Questions How do people find jobs? Does land use pattern matter? How should JH Balance be measured? Jobs Housing Balance does.
1 Maryland Community Development Fund Assessing the Market.
Tools for Redevelopment Courtney Knight Managing Director, Redevelopment Revitalizing Atlanta 1.
Module 6 BUILDING MIXED-INCOME COMMUNITIES NEAR TRANSIT.
Making cities productive and liveable: economic principles for urban development. Tony Venables Dept of Economics University of Oxford.
A Multifamily Industry Perspective on Impact Fees Presented by Rachel S. Arnold National Apartment Association October 2003 National Impact Fees Roundtable.
WalkSanDiego, created 1998 Move San Diego, created 2004 Merged Staff 18 Board Members $1,040,000 Annual Budget.
Part II: Case Studies 1.Arlington, VA: Transit-oriented Development Boosts Economy County-wide. 2.Portland, OR: Streetcar Increases Investment and Redevelopment.
Land Use Benefit/Cost Transit Slides. Development – Sprawl – Traffic – Roads An Important Local Issue In America  “What do you think is the most important.
Preservation of Employment Land Item: 4.5 Item 4.5 Item # 4.5 Item 4.5 Laurel Prevetti, Assistant Director Department of Planning Building and Code Enforcement.
State Policy & Green Jobs 1.0: Economic and Workforce Development EARN Annual Conference December 9, 2008 Jeannine La Prad, President & CEO.
Elliott D. Pollack & Company Goodwill Industries Operating in California Economic and Fiscal Impact 2012 Presented By: Elliott D. Pollack & company March.
Anatomy of a Smart City… Copyright 2015 All Rights Reserved Approved for 2 Hours of Continuing Education Credit.
What Makes Other Places Attractive? Denver’s Skyline Source: Denver CityScape Source: PPS – Jon Winslow Portland’s Pearl District Faneuil Hall, Boston.
1 Module 8 STATION AREA PLANNING. 2 Module 8 Station Area Planning Key Concepts and Definitions Station Area Planning Process 1.Define the Station Area.
TRB Transportation Planning Applications Conference Houston, Texas May 2009 Ann Arbor Transportation Plan Update-- Connecting the Land Use & Transportation.
11. 2 Public Transportation’s Role in a Greenhouse Gas Reduction Strategy Kevin Desmond King County Metro Transit Division Seattle, WA On behalf of the.
10 Myths and Mistakes of First Generation TOD presentation to Prince George’s County Planning Staff Alia Anderson, ULI Washington June 29, 2012.
Chapter 13: Urbanization
QGET -- Scenarios Analysis Quality Growth Efficiency ToolsNovember 14, 1998 November 15, 1999 Strategy Analysis Prepared for: Envision Utah Prepared by:
Reacting to Trends Rising gas prices! Decreasing public funding for transportation. TDM becoming more needed in new development. Modified tax benefit.
Welcome Bay Area Regional Economic Vitality Conversation June 11, 2004 Made possible through generous support from Pacific Gas and Electric Company.
Mueller Redevelopment
West Oakland Specific Plan Equity Strategies. Potential impacts of new development and investment on existing West Oakland community New development &
1 Round One Public Outreach Workshops Fall 2005 DRAFT Bay Area Regional Rail Plan August 2007 Workshops.
Welcome to San Jose. A City of Growth and Change.
Land Development Transport Investment Accessibili ty The Role of Transportation Investments in Shaping Land Development Robert Cervero UC Berkeley.
How Would a Transportation – Land Use Grant Program Work in the Washington Region? Presentation to the Transportation Planning Board Technical Committee.
Climate Change Steering Committee’s Draft Climate Change Report September 5, 2008 Joan Rohlfs Chief, Air Quality Planning Metropolitan Washington Council.
Managing Public Charging Access August 6, What is Coulomb? Silicon Valley Company:  Founded in 2007 to develop Electric Vehicle Charging Infrastructure.
Land Use and Economic Development in Rural Areas Supplemental Module.
Richard Y. Nelson Jr. Director Montgomery County Department of Housing and Community Affairs Wednesday, May 9th.
F O R W A R D L A P O R T E What are the city’s top 3 economic development priorities? n=300.
VALUES WORKSHOP Anne Arundel County | April 26, 2010.
Comprehensive Plan Update Kevin O’Neill Seattle Bicycle Advisory Board September 2, 2015.
4.0 Understanding the Local Economy Exploring the Human Resources/Economic Development Connection Community Choices: Public Policy Education Program 8.
City of Carrollton Transit Oriented Development January 5, 2008 Peter J. Braster TOD Manager.
Canada’s Asia-Pacific Gateway and Corridor Initiative 2006.
Smart Growth Land Use and Transportation Infrastructure Paul Beyer – Director of Smart Growth, NYS Department of State.
GREEN COMMUNITIES 2.  Sustainability  Smart Growth In This Chapter 2-1.
1 CREATING WALKABLE COMMUNITIES THROUGH SMART GROWTH INCENTIVES.
Plan Bay Area Presentation Plan Bay Area Presentation California Air Resources Board June 27, 2013.
Transit Orientated Development HENNEPIN COUNTY Housing, Community Works & Transit NACCED September 20, 2011.
Parking Barriers to Smart Growth ABAG Technical Session: Smart Growth Strategies and Techniques for Parking February 25, 2004 Jeffrey Tumlin Nelson\Nygaard.
1. 2 Which attributes make a community successful?
Baseline Scenario Quality Growth Strategy.
Understanding Local Economies Goals To present export base theory as a model of the way a local economy works. To relate general export base theory to.
Environmental Benefits Benefit/Cost Transit Slides.
1 Economic Trends and Commercial Construction Indicators for Metropolitan Washington Cooperative Forecasting and Data Subcommittee September 11, 2007 Department.
The Massachusetts Economic Challenge Barry Bluestone Center for Urban and Regional Policy Northeastern University Massachusetts Building Trades Council.
Form & Function of Metropolitan America WALKABLE URBAN DRIVABLE SUB-URBAN WALKUPS: (Walkable Urban Places) DRVABLE EDGE CITIES WALKABLE NEIGHBORHOODS.
10 by 10 Initiatives. 10% by 2010 Achieve a 10% increase in the use of “alternative transportation modes” by the year Stepped approach: Convert.
ULI Symposium: Central City Commercial Development 1988.
South Bay Economic Forecast 2017
Regional Roads Committee
Partnering with Your Local Utility The Business Case for Entrepreneurship Jim Alves March 22, 2012 Powering forward. Together.
South Bay Economic Forecast 2018
Transit Costs & Financial Leverage Benefit/Cost Transit Slides
Presentation transcript:

Economic Development Benefit/Cost Transit Slides

Transit Capital Investment Creates Jobs  Every $10 million = 314 jobs + $30 million gain in sales for businesses Source: APTA 2001 and Cambridge Systematics

We Estimate the Following Net Economic Benefits Includes Multiplier Effects  Increased economic output of __  Increased labor income of __  Increased employment of __ These are net benefits that accrue to our region from funding provided by others (e.g. the state, federal government). These are net benefits that accrue to our region from funding provided by others (e.g. the state, federal government). NOTES TO USER: Potential Source: Construction and Operations Funding Impacts Worksheet. Delete this box to maintain slide formatting.

Traffic Congestion and Long Commutes Negatively Impact Employment  Aggravation and stress  Inability to work traditional schedule  Tardiness and work rescheduling  Increased pressure to meet schedules Reductions in worker productivity, recruitment and retention result from:

Transit Provides Access to Employment “Easy access to the Metro Green Line (Los Angeles, CA) gives us an edge in that competition. Since the Green Line started into service, the sales in our corporate transit pass program have skyrocketed, making our work force more productive and helping Hughes achieve its clean air goals as well.” James B. Ardis Director of Human Resources Hughes Aircraft Company Source: Dollars and Sense – The Economic Case for Public Transportation in America, Donald Camph

Impacts on Land Value  When transit improves the accessibility of locations, property values increase Residential * Commercial ** Bay Area $200 Los Angeles $31 San Diego $272 San Jose $197 Sacramento No effect Santa Clara $4.87 * For each 100 meters closer to station ** Per square foot, near stations Source: Parsons Brinckerhoff (various sources)

Our Project Is Anticipated to Generate Increases in Property Values  Office rents: $__  Apartment housing rents: $__  Single family home prices: $__ NOTES TO USER: Potential Source: Property Value Impacts Worksheet. Insert picture of your community. Delete this box to maintain slide formatting.

Transit Supports Downtown Jobs and a Healthy Economy In downtown Portland, OR:  Jobs grew from 56,000 to 109,000 between the mid 1970s and 1998  1/3 of work trips to the downtown are on transit

Transit Can Revitalize Downtowns and Urban Neighborhoods Places incorporating transit into redevelopment strategies:  Portland, OR – 1972 Downtown Plan  Sacramento, CA – K Street Mall  San Francisco, CA – Embarcadero  Washington, D.C. – MCI Arena area  Los Angeles (CA) Neighborhood Initiative – Multiple Neighborhoods

Transit-Oriented Development (TOD) Promotes “24-hour” Activity Current and future investors are advised to seek 24-hour places that have strong residential fundamentals and multifaceted environments, including mass transportation alternatives to the car. Source: Emerging Trends in Real Estate 1999 Report

Integrated Transit and Land Use Attracts Workers Information industry workers are attracted to places with walkable downtowns, restaurants, offices and housing. These places promote interaction, which is key to companies that thrive on:  Accessibility  Networking  Creativity Source: Collaborative Economics

Transit Creates Employment Opportunities  Cafes, food vending, bakeries  Day care  Florists  Dry cleaning  Photocopy services Integrated land use and transportation at stations facilitates entrepreneurship and supports job creation:

Transit Provides Access To More Jobs  We estimate that our project will give __ people access to new job opportunities located further from their homes Note to user: Include photo of local Welfare to Work or other program shuttle.

Transit Can Focus Regional Economic Investments  Washington D.C. (Corridor and Wedges Plan)  Charlotte, North Carolina (2025 Plan)  Portland, Oregon (Metro 2040 Plan)  Seattle, Washington (Vision 2020 Plan)  State of Maryland (Smart Growth Initiative)  San Diego, California (SANDAG Regional Growth Management Strategy) Scarce funds can be used efficiently and effectively (e.g., infrastructure, affordable housing). Places emphasizing transit in their regional development strategies include:

Our Project Will Contribute to Economic Development in the Following Ways: ____________________ Note to user: Use this and other slides to describe how your transit project may be used to strengthen the downtown, revitalize neighborhoods, provide reliable travel times, etc.