1. Seattle and Streetcars– An Update  Cliff Henke  Sr. Analyst, BRT and Small Starts  PB TR&S, Inc.  Denver Streetcar Workshop – September 27, 2007

2. page 2CONFIDENTIAL Topics Today  Brief Background  Status  2007 opening  2008 referendum  Keys to success

3. page 3CONFIDENTIAL Challenging topography and street grid South Lake Union neighborhood

4. page 4CONFIDENTIAL A City Surrounded by Water and Hills

5. page 5CONFIDENTIAL The right time, the right place  Two of fastest growing neighborhoods in Seattle  Expect 25,000 new jobs and 11,000 new households by 2024

6. page 6CONFIDENTIAL Increasing mobility in the Center City

7. page 7CONFIDENTIAL Seattle Streetcar by the numbers  2.6 miles  11 stops  3 streetcars  $51 million to construct  330,000 riders/year  3.3 million square feet of office development  6,100 units of housing

8. page 8CONFIDENTIAL Turning Challenges into Opportunities  Climate of skepticism  Leveraging private partnerships  Metro Transit Joint Operations Agreement

9. page 9CONFIDENTIAL Local Improvement District  Seattle’s first LID in 15 years  Covers half of capital cost–$25M  Only contested by 1.47% of property owners

10. page 10CONFIDENTIAL Funding streetcar operations King County Metro $13.9 M Sponsorships $8.2 M Other $2 M Farebox $8.2 M

11. page 11CONFIDENTIAL Streetcar Timeline June 2005 Funding plan approved June 2007 Joint operating agreement approved June 2006 Streetcar groundbreaking October 2005 Local Improvement District implemented December 2007 Streetcar operating January 2003 Streetcar Concept Announced

12. page 12CONFIDENTIAL Target Opening Day: December 2007!

13. page 13CONFIDENTIAL Increasing mobility in the Center City

14. page 14CONFIDENTIAL Opportunity: Streetcar extensions

15. page 15CONFIDENTIAL Keys to Success  Buy-in of all major stakeholders  Public share of financial plan  Fast implementation (less than four years concept to revenue opening)  Local developer support  Minimal disruption during construction (Portland model)  Flexibility during construction to address field conditions

16. page 16CONFIDENTIAL First car delivered September 2007

17. page 17CONFIDENTIAL Thanks