“Transportation Directions:     Where Are We Heading?”        White Flint PartnershipAnd The Sustainable Transportation Co...
22 Counties in the WashingtonMetropolitan Area                                2
State of Maryland    Montgomery County 2010 Population: 971,777*                                                  3
Montgomery County Population  DistributionThe base is the 1960’s wedges & corridors master plan showing where we would foc...
White FlintSector Plan   Area: 430 Acres              5
White Flint PartnershipMembers                                        Saul Centers, Inc.                                  ...
White Flint Existing ConditionsImage From MNCPPC Planning StaffPresentation                                   7
Developing a new Road Network for   cars, pedestrians and bicyclists                                            Approved  ...
DESIGN - PlacemakingEstablish a connection between land use,motorists, transit and bicycles                               ...
Rockville Pike – 21st Century Boulevard                                    A 21st Century                                 ...
Transit Oriented DevelopmentBicycles & Pedestrians   a.   Dedicated Bike Lanes   b.   Bike Racks   c.   Bike Valet   d.   ...
Transit Oriented DevelopmentBUS RAPID TRANSIT (BRT)                               12
Rapid Transit Improvements on a Sustainable Corridor – Rockville PikeThe entire White Flint communityof 430 acres will be ...
White Flint PartnershipWebsite                          14
Value Creation in White Flint                                         35                                                  ...
District Infrastructure Costs  #                             Improvement                                           Estimat...
$601 million Total Infrastructure Cost in WhiteFlint…                  County                  $152                       ...
White Flint DevelopmentDistrict Tax• The White Flint Development District Tax Generates $154  million (present value) and/...
White Flint Science Triangle  Science & Health Triangle                               19
Science & Health Triangle               National Cancer Institute                        Health and Human Services        ...
Rockville Pike – 21st Century BoulevardTree lined boulevard with wide sidewalks and permeable surfaces                    ...
Thank You!      White Flint Partnership            Francine E. Waters           fwaters@lerner.com         www..whiteflint...
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Transportation Directions: Where Are We Heading? (Francine Waters) - ULI Fall Meeting 102611

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Transportation Directions: Where Are We Heading? (Francine Waters) - ULI Fall Meeting 102611

  1. 1. “Transportation Directions: Where Are We Heading?” White Flint PartnershipAnd The Sustainable Transportation Corridor A Case Study Presented by Francine E. Waters October 26, 2011
  2. 2. 22 Counties in the WashingtonMetropolitan Area 2
  3. 3. State of Maryland Montgomery County 2010 Population: 971,777* 3
  4. 4. Montgomery County Population DistributionThe base is the 1960’s wedges & corridors master plan showing where we would focus growth. The dots rep 100 people as reflected in the 2010 census. 4
  5. 5. White FlintSector Plan Area: 430 Acres 5
  6. 6. White Flint PartnershipMembers Saul Centers, Inc. Federal Realty Gables Residential Saul Centers, B.F. Saul The JBG Companies Inc. Saul Centers, Inc. Lerner Enterprises Lerner & Tower The Tower Companies 6
  7. 7. White Flint Existing ConditionsImage From MNCPPC Planning StaffPresentation 7
  8. 8. Developing a new Road Network for cars, pedestrians and bicyclists Approved Existing road network 10 Additional Lanes East/WestSource: Glatting Jackson, etal 6 Additional Lanes North/South 8
  9. 9. DESIGN - PlacemakingEstablish a connection between land use,motorists, transit and bicycles 9
  10. 10. Rockville Pike – 21st Century Boulevard A 21st Century Boulevard with street front retail, dedicated bike lanes and center lane dedicated rapid transit. 10
  11. 11. Transit Oriented DevelopmentBicycles & Pedestrians a. Dedicated Bike Lanes b. Bike Racks c. Bike Valet d. Bike Sharing Program 11
  12. 12. Transit Oriented DevelopmentBUS RAPID TRANSIT (BRT) 12
  13. 13. Rapid Transit Improvements on a Sustainable Corridor – Rockville PikeThe entire White Flint communityof 430 acres will be within a 10minute walk of BRT.Support Existing Infrastructure:The White Flint Metrorail Station 13
  14. 14. White Flint PartnershipWebsite 14
  15. 15. Value Creation in White Flint 35 $20 Phase I Phase II Phase III $18 30 $16 25 $14 Square Feet (millions) Value (billions) $12 20 $10 15 $8 10 $6 $4 5 $2 - $- Year Existing New Development Value $1.3 Billion Net New Property Tax Revenue Generated (PV) 39,000 New JobsNote: Value assumes market rate per square foot of: existing retail $220, residential $375, office $440, hotel $450, retail $550. Assumes 3% annual growth rate. 15
  16. 16. District Infrastructure Costs # Improvement Estimate Complete 1 Rockville Pike (Md 355) - Phase 1 $5,000,000 2013 2 Reopening of Old Old Georgetown Rd $34,907,000 2013 2 Market St & realignment of Executive Blvd $24,817,000 2014 3 Executive Blvd Ext (east) $16,700,000 2016 3 Nebel Street $8,200,000 2020 4 Bridge over Metro station $7,500,000 2020 5 Nicholson Lane1 (streetscape) Ph $12,942,000 2024 III 1 Rockville Pike (Md 355) - Phase 3 $59,261,000 2026 Total $169,327,000 2026 1 40% of estimated costs as an allowance to cover 40% of streetscape improvements (assumes remaining 60% covered by private sector) 2 Assumes utilities are publicly constructed. If privately constructed, utility work will cost approximately 33% more 16
  17. 17. $601 million Total Infrastructure Cost in WhiteFlint… County $152 Developer $280 District $169 Developer District County …75% Funded by the Private Sector 17
  18. 18. White Flint DevelopmentDistrict Tax• The White Flint Development District Tax Generates $154 million (present value) and/or $169 million (in future dollars). It is an ad valorem property tax to fund specific transportation infrastructure within White Flint billed at a rate of 10 cents per $100 of assessed value which began in July 2011. Cumulative Cash Flow $155 $140 $120 $100 millions $80 $60 $40 $20 $- Special Tax 18
  19. 19. White Flint Science Triangle Science & Health Triangle 19
  20. 20. Science & Health Triangle National Cancer Institute Health and Human Services Nuclear Regulatory Commission WHITE FLINT Food and Drug Administration Bethesda Naval & National Institutes of Health 20
  21. 21. Rockville Pike – 21st Century BoulevardTree lined boulevard with wide sidewalks and permeable surfaces 21
  22. 22. Thank You! White Flint Partnership Francine E. Waters fwaters@lerner.com www..whiteflintpartnership.com 2222

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