Urban Renaissance Luncheon - 9/17/2012

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Transit-Oriented Development presented by Jack Wierzenski, Director of Economic Development at DART.

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Urban Renaissance Luncheon - 9/17/2012

  1. 1. DART’s Role in Transit-Oriented Development
  2. 2. Special thanks to our luncheon partner:
  3. 3. Special thanks to our generous sponsors:
  4. 4. San AntonioThank you to our Annual Sponsors FOUNDING SPONSORS
  5. 5. San Antonio Thank you to our Annual Sponsors BENEFACTOR SPONSORS
  6. 6. San AntonioThank you to our Annual Sponsors GOLD SPONSORS
  7. 7. San AntonioThank you to our Annual Sponsors SILVER SPONSORS
  8. 8. San AntonioThank you to our Annual Sponsors SILVER SPONSORS
  9. 9. Special thanks to our venue sponsor:
  10. 10. San Antonio Wednesday, September 26th 5:30 – 8PM The Pearl Studio The Speed Networking Event Improve your network, learn more about the industry,and meet future business associates and friends. Everyone is welcome! Advance Fee: $30 Student: $20 Featured Emcee: Bob Rivard ,The Rivard Report Presented By: ULI San Antonio YLG and ICSC Next Gen
  11. 11. San Antonio 2012 ULI Fall Meeting October 16-19 – Denver, Colorado www.ulifall.org
  12. 12. San AntonioSave The Date – Wed, October 24 ULI Luncheon “Creative Office” 11:30 AM – The Pearl Tim Hendricks, Todd Runkle Sr. Vice President, Principal/ Development Managing Director
  13. 13. CongressmanCharles A. Gonzalez
  14. 14. DART’s Role inTransit-Oriented Development Transit Oriented DevelopmentReturn on Investment for the Region San Antonio – Downtown Alliance September 17, 2012 Jack Wierzenski, AICP Director, Economic Development & Planning Dallas Area Rapid Transit
  15. 15. DART’s Role in Transit-Oriented Development
  16. 16. DART’s Role in Transit-Oriented Development 13 Member Cities Plano Carrollton Addison Richardson Farmers Branch Rowlett Garland University Park Highland Park Irving Dallas Cockrell Hill Glenn Heights 700 Square Miles
  17. 17. DART’s Role in Transit-Oriented Development The Multimodal DART System 78 Miles of Light Rail 58 Stations 130 Bus Routes 35 Miles of Commuter Rail 84 Miles of HOV Lanes Paratransit, Rideshare, ITS
  18. 18. DART’s Role in Transit-Oriented Development
  19. 19. DART’s Role in Transit-Oriented Development Fixed Route Ridership 220,000 Passengers per day
  20. 20. DART’s Role in Transit-Oriented Development The DART Fleet 163 Light Rail Vehicles More Than 612 Buses 34 Commuter Rail Vehicles 186 Paratransit Vehicles 197 Vanpools
  21. 21. DART’s Role in Transit-Oriented Development DART Plans Through 2013 90 Miles of Light Rail Bus Modernization 35 Miles of Commuter Rail 84 Miles of HOV Lanes Rideshare and ITS
  22. 22. DART’s Role in Transit-Oriented Development DART Rail Expansion Green Line Opened Dec. 6, 2010 •28 miles •20 stations (4.2 miles, 4 stations opened 9/09) •Longest LRT expansion in North America
  23. 23. DART’s Role in Transit-Oriented Development DART Rail Expansion Orange Line Openings Irving Convention Center 7-30-12 Beltline 12-3-12 DFW-Airport 12-2014 •9.3 miles •5 stations •Design/Build Contract •Construction underway: Phases 1 & 2
  24. 24. DART’s Role in Transit-Oriented Development DART Rail Expansion Blue Line Opening 12-3-12 •4.5 miles (extension of existing Blue Line) •One station •Delivery: Dec. 3, 2012
  25. 25. DART’s Role in Transit-Oriented Development ECONOMIC IMPACT Job Creation and Economic Stimulus University of North Texas study: The DART expansion will generate … $5.6 billion, including prior Green Line expenditures, 2009-14 32,095 job-years of employment (6,400 jobs each year for five years) $360 million in contract awards to minority and women-owned businesses
  26. 26. DART’s Role in Transit-Oriented Development • Nation’s 4th Largest Metro Area • No.1 Fastest-Growing Metro • Fifth Most Congested Metro
  27. 27. DART’s Role in Transit-Oriented Development 32
  28. 28. DART’s Role in Transit-Oriented Development “The DART station definitely gives us a competitive advantage. Access to transit is an amenity urban people demand these days.” – Silas Graham, Development Partner, Alliance Communities (The Ambrose)
  29. 29. DART’s Role in Transit-Oriented Development Why is DART Involved in Economic Development? Mission Statement • To build and operate a safe, efficient and effective transportation system that, within the DART Service Area, provides mobility, improves the quality of life, and stimulates economic development.
  30. 30. DART’s Role in Transit-Oriented Development$8 Billion (built, planned, and projected TOD) • November 2007 UNT Study  $4.26 billion in TOD as of 2007 Estimated state and local tax revenues associated with TOD  $127 million annually  Property tax, sales tax, and state tax (non-DART properties)
  31. 31. DART’s Role in Transit-Oriented Development TOD Planning Principles • Greater density than community average • Reduced parking • Convert surface parking to structured parking • Quality pedestrian environment • A mix of uses • A defined center Stations help define the most • Transit integrated with TOD important places
  32. 32. DART’s Role in Transit-Oriented Development New Demographics
  33. 33. DART’s Role in Transit-Oriented Development Apartment Living on the Rise
  34. 34. DART’s Role in Transit-Oriented Development Young Surge
  35. 35. DART’s Role in Transit-Oriented Development Housing Outlook • Smaller homes • More multi- generational • More convenient • Transit Linked • Housing Demand • Increased Rental
  36. 36. DART’s Role in Transit-Oriented Development TOD housing generates fewer car trips than conventional housing Recent Study: Residential TODs generated 47% fewer vehicle trips per dwelling unit during a 24-hour weekday than the standard in the International Traffic Engineers (ITE) Manual 3.55 trips compared to 6.67 trips per dwelling unitTCRP Report 128 - Effects of TOD on Housing, Parking, and Travel (2008)
  37. 37. DART’s Role in Transit-Oriented DevelopmentDART’s Philosophy for TOD •Each station is unique – development should be specific to the site •Any unsolicited interaction with developers is critical and encouraged •Think outside the box – different approaches to integrating development •Partnership / coordination with member cities and other government entities is essential
  38. 38. DART’s Role in Transit-Oriented Development DART’s Role in TOD• Lead the way in early stages of LRT Planning• Incorporate TOD objectives into station area planning: transit, land use, pedestrians, cars• Leverage DART real property assets to:  Develop future revenue streams with TOD  Direct and concentrate TOD and urban infill around transit facilities, develop new ridership  Enhance value and maximize function of transit facilities• Identify potential funding sources for added amenities: TIFs, PIDs, bond projects, grants
  39. 39. DART’s Role in Transit-Oriented Development DART’s TOD Policy August 2008 Purpose DART seeks to work in close partnership with its member cities to identify and implement TOD opportunities. By promoting high quality Transit Oriented Development on and near DART owned properties…. generate new opportunities to create revenue for DART, and environmentally sustainable livable communities that are focused on transit accessibility.
  40. 40. DART’s Role in Transit-Oriented DevelopmentThe Players Developer• The Transit Authority •Develop Proposals• The City •Land Assembly •Entitlements• The Developer •Design •Construction •Planning •Transit Developer •Zoning •Land Owner •Permits •Planning Partner •Community Facilitator •Development Partner •Land Owner •Construction Facilitator City •Implementation Tools DART
  41. 41. DART’s Role in Transit-Oriented Development Member City/DART Partnership• Objectives  Attract economic development  Plan for TOD• Relationship  Establish development process  Establish & maintain communication: City, DART, Developer  Coordinate land use goals with transportation goals  Zoning/development approvals  Funding • TIF Districts • PID • Grant Sources: COG – STEP, CMAQ, EPA
  42. 42. DART’s Role in Transit-Oriented Development Developers Learned • Start land planning early:  Easier to influence design & engineering decisions  Destinations attract choice riders Interchange between stations Rents are higher
  43. 43. DART’s Role in Transit-Oriented Development Rail Served Properties: Residential: 39% greater increase Office: 53% greater increase UNT data, January 2003
  44. 44. DART’s Role in Transit-Oriented Development Downtown Plano
  45. 45. DART’s Role in Transit-Oriented Development Downtown Plano
  46. 46. DART’s Role in Transit-Oriented Development Bush Turnpike Station
  47. 47. DART’s Role in Transit-Oriented Development Galatyn Park
  48. 48. DART’s Role in Transit-Oriented Development Galatyn Park
  49. 49. DART’s Role in Transit-Oriented Development Galatyn Park
  50. 50. DART’s Role in Transit-Oriented DevelopmentTOD: Spring Valley Station
  51. 51. DART’s Role in Transit-Oriented DevelopmentTOD: Spring Valley Station
  52. 52. DART’s Role in Transit-Oriented Development Mockingbird Station
  53. 53. DART’s Role in Transit-Oriented Development Mockingbird Station
  54. 54. DART’s Role in Transit-Oriented Development Mockingbird Station
  55. 55. DART’s Role in Transit-Oriented Development Phase 1
  56. 56. DART’s Role in Transit-Oriented Development Phase 2
  57. 57. DART’s Role in Transit-Oriented Development Mockingbird Station
  58. 58. DART’s Role in Transit-Oriented DevelopmentTOD: Dallas CBD
  59. 59. DART’s Role in Transit-Oriented Development Downtown Dallas 1996: 300 residential units 2012: 7,500 residential units + restaurants, bars, grocery stores, etc.
  60. 60. DART’s Role in Transit-Oriented Development Future Dallas Streetcar Line Dallas is building a 1.6- mile streetcar line that will be expanded to serve neighborhood s around the city center. source: Dallas 360 Plan 65
  61. 61. DART’s Role in Transit-Oriented Development Union Station to Oak Cliff Streetcar Project
  62. 62. DART’s Role in Transit-Oriented Development M-Line Trolley
  63. 63. DART’s Role in Transit-Oriented Development Bicycle Sharing / Car Sharing
  64. 64. DART’s Role in Transit-Oriented DevelopmentDowntown Carrollton Station
  65. 65. DART’s Role in Transit-Oriented Development Downtown Carrollton Station
  66. 66. DART’s Role in Transit-Oriented Development Cedars Station
  67. 67. DART’s Role in Transit-Oriented DevelopmentTOD: Cedars Station
  68. 68. DART’s Role in Transit-Oriented Development Cedars – South Side, Phase I
  69. 69. DART’s Role in Transit-Oriented DevelopmentCedars – South Side, Phase II
  70. 70. DART’s Role in Transit-Oriented DevelopmentDowntown Garland Station
  71. 71. DART’s Role in Transit-Oriented Development Hospitals
  72. 72. DART’s Role in Transit-Oriented Development Southwestern Medical District/Parkland
  73. 73. DART’s Role in Transit-Oriented Development Southwestern Medical District/Parkland
  74. 74. DART’s Role in Transit-Oriented Development Baylor Station
  75. 75. DART’s Role in Transit-Oriented Development Baylor Station
  76. 76. DART’s Role in Transit-Oriented Development Victory Park
  77. 77. DART’s Role in Transit-Oriented Development Colleges & UniversitiesThere is a hugeopportunity toreach “Millennials”with TOD nearhigher educationinstitutions. 82
  78. 78. DART’s Role in Transit-Oriented Development North Lake College
  79. 79. DART’s Role in Transit-Oriented Development Illinois Station • DART Police HQ • Historic • LEED Certified
  80. 80. DART’s Role in Transit-Oriented DevelopmentTOD: South Irving Commuter Rail Station
  81. 81. DART’s Role in Transit-Oriented DevelopmentParking Capacity – Development Opportunity
  82. 82. DART’s Role in Transit-Oriented Development Transit Center / Operating Excess StrategicRail Stations Park & Ride Facilities Properties Acquisition
  83. 83. DART’s Role in Transit-Oriented Development
  84. 84. DART’s Role in Transit-Oriented Development Housing Trends• Less homeownership• Less mobility• More multi- generational• More energy efficient, smaller• Closer to transit• Mixed-use
  85. 85. DART’s Role in Transit-Oriented Development Smaller Office/Retail SpaceOFFICE RETAIL• Smaller space/employee • Internet sales reduce need for inventory• Near transit • “Experience” retail
  86. 86. DART’s Role in Transit-Oriented Development Trending: Less Is More The average size of the single-family home is declining. Is the McMansion a thing of the past?
  87. 87. DART’s Role in Transit-Oriented Development The “Connected” Generation
  88. 88. DART’s Role in Transit-Oriented Development Is the Age of Sprawl Over?
  89. 89. DART’s Role in Transit-Oriented Development For More Information Jack Wierzenski, AICP Director, Economic Development & Planning Dallas Area Rapid Transit (DART) PO Box 660163/1401 Pacific Dallas TX 75266-7213 Wierzens@dart.org www.dart.org/economicdevelopment
  90. 90. Thank You!downtownsanantonio.org

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