How much does it cost to build and operate a cap park and who pays for it? Explore the funding sources that could make Space 134 a reality.

1. $0
$50m
$100m
$150m
$200m
$250m
Private Public-Private Public
HanceMilleniumKlyde Warren
$0
$50m
$100m
$150m
$200m
$250m
$300m
$350m
Private Public-Private2 Public
Hance1
MilleniumKlyde Warren
$0
$50m
$100m
$150m
$200m
$250m
$300m
$350m
Private Public-Private2 Public
Hance1
MilleniumKlyde Warren
1
Includes HR&A estimates for 2014 Hance Park Master Plan redesign.
2
Includes value capture methods.
3
Only deck structure costs. Assumes sustained Federal funding to Caltrans
at 2015 levels.
Deck Infrastructure Costs and Funding
Park Construction Costs and Funding
$0
$5b
$10b
$15b
$20b
$25b
$30b
Local/Regional State Federal
CaltransTotal California
Trans. Funding
Space 134 Deck Costs Other
20-Year Federal
Highway Funding
for California*
$92
billion
Funds for the deck structure
could come from a wide variety
of public sources, but will require
extensive grassroots efforts to
demonstrate Space 134’s wide-
ranging community impacts in
Sacramento and Washington, D.C.
Philanthropy, as in the case of
Klyde Warren Park, can kick-start
the park development process,
and will be essential to creating
a high-quality park, as there are
limited sources of public funds
for open space improvements.
In most cases, capital funding
requires a mix of public and
private funding, with deck
infrastructure funded publicly,
and the surface park and
amenities drawing heavily from
private sources.
Successful implementation will
require local government to
leverage public-private partnerships.
To revitalize an unsuccessful,
publicly-funded freeway cap, an
organization in Phoenix plans to
privately fund a new signature park.
CAPITAL
FUNDING
PUBLIC
RESOURCES
PHILANTHROPIC
RESOURCES
LAYERED
RESOURCES
California Transportation Funding (2015)
Philanthropy as Share of Park (not Cap) Costs
Space 134 as a Share of Anticipated Federal
Highway Funds for California (2015-2035)
Space 134 would be
about 0.5%
of CA’s Federal
transportation
allotment over the
next 20 years.3
Illustrative Space 134 Capital Funding
Proposed Redesign of Hance Park, Phoenix, Arizona
0%
20%
40%
60%
80%
100%
R
ose
K
ennedy
Y
erba
B
uena
H
ance
Park
D
iscovery
G
reen
St.Louis
C
ity
A
rch
M
illennium
K
lyde
W
arren OtherPhilanthropy
$25m
$150m
Philanthropy
Other
Federal,
State &
Local
Partner-
ships
Value
Capture
$50m
$75m
$100m
$125m
$200m
Philanthropy
& public-
partnerships
may cover
between
20-30%
of Space 134’s
total capital
costs.
W W W. S PA C E 1 3 4 . O R G
BUILDING A CAP PARK

2. $0
$100k
$200k
$300k
$400k
$500k
$600k
$700k
$800k
H
ance
R
ose
K
ennedy
B
rooklyn
B
ridge
D
iscovery
G
reen
Y
erba
B
uena
M
illennium
K
lyde
W
arren
Highly-programmed, signature
downtown parks require
significant annual operating
funding, ranging from $250,000-
$750,000 per acre, and earned
income rarely exceeds 20 percent
of total expenses.
Active park elements like cafes
and spaces for events can help
subsidize a small portion of
park operation costs, but it will
be important to balance active
elements with community-serving
passive park spaces.
In addition to annual fundraising,
private organizational support
will be essential to a ensure a
high-quality park and to ensure
continued maintenance,
operations and engaging
programming.
OPERATIONAL
FUNDING
EARNED
REVENUE
ONGOING
SUPPORT
CAPABLE
GOVERNANCE
Weighted
Average
$340k
Annual Operating Costs, per Acre
Signature Urban Park Operating Resources
Philanthropy
Earned
Income
Public
(City)
Public
Klyde Warren
Public
Millennium Discovery Green
13%
15%
72%
7%
56%
37%
38%
41%
21%
Factors for Determining Philanthropic SupportIllustrative Space 134 Earned Income
The long-term sustainability of
Space 134 will require significant
governance and operating
resources, which may mean a
public-private partnership and
continued City support from
discretionary or dedicated funds.
$0
$100k
$100k
Cafe
FoodTrucks
Program
s
and
Events
Restaurant
$200k
$300k
$400k
$500k
$600k
$700k
$800k
$900k
$100k
Earned revenue
from Space 134
may cover
between
10-15%
of the park’s
annual operating
costs.
Public-private
partnerships and
earned income
may cover
between
20-30%
of Space 134’s
annual operating
costs.
Millennium Park, Chicago, Illinois
$100k
$250k
$2.5m
$500k
$750k
$1.0m
$1.5m
$2.0m
Earned
Income
Other
Federal,
State &
Local
Partner-
ships, and
Philan-
thropy
Value
Capture
Illustrative Space 134 Operational Funding
Regional
Philanthropic
Capacity
Fundraising
Ability
Park
Programming
and
Amenities
W W W. S PA C E 1 3 4 . O R G
OPERATING A CAP PARK