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Published byCarolina Hutchcraft Modified over 9 years ago
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Denver RTD and Its Role in TOD ULI Cleveland - Moving the Needle: A National and Local Perspective on Transit Oriented Developments June 26, 2013
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The Regional Transportation District Created in 1969 Eight-county service area Service area: 2,380 square miles 2.8 million population 15 elected Board members 1 percent sales tax –.6 base system –.4 FasTracks 2,415 employees
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The RTD FasTracks Plan 122 miles of new light rail and commuter rail 18 miles of Bus Rapid Transit (BRT) service 31 new Park-n-Rides; more than 21,000 new parking spaces Redevelopment of Denver Union Station 50+ new rail and/or BRT stations for Transit Oriented Communities opportunities
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Roles in TOD Process
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Denver Union Station (DUS)
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DUS Construction Progress
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DUS and Private Development
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TOD Pilot Program –Proactively work on fostering livable communities by testing an expanded role for RTD in facilitating TOD –Develop “model” TOD projects for the region
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Alameda Station Pilot
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Eagle P3 Project East Rail Line, Gold Line, Northwest Rail Westminster Segment and commuter rail maintenance facility Project Funding – $2.2 billion –Nearly $500M in private equity –$1.03 billion funded by federal grant Opening 2016
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“Words of Wisdom” P3s are the way of the future for transit TODs require partnership between local jurisdiction, transit agency and developer Need to focus/prioritize on projects that can be successful Need to be open to innovation and new ways of approaching projects
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QUESTIONS? Bill Sirois Senior Manager, Transit-Oriented Development and Planning Coordination 303.299.2417 William.Sirois@RTD-Denver.com
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DUS Financing Cash SourcesDescriptionAmount FHWA PNRS$45.3 M RTD/FTA 5309 $9.3 M CDOT SB-1$17.3 M DRCOG TIP funds $2.5 M ARRA (stimulus) grant$18.6 M RTDARRA (stimulus) grant $9.8 M RTD/USNC Property sales proceeds$38.3 M RTD FasTracks Commitment$40.8 M Total $181.9 M TIFIA/RRIF Loans$298.4 M Total Project$480.3 M
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