VTA analysis of value capture funding opportunities for BART Silicon Valley

1. Santa Clara Valley Transportation Authority
BART Phase 2 Funding Strategy
VALUE CAPTURE HIGH‐LEVEL ESTIMATES FOR CFD AND EIFD (in millions of $ of 2020 bonding capacity, assuming 2020 bond issuance)
as of September 25, 2015
Mello Roos CFD Low Medium High
Alum Rock 4.2$ 8.4$ 16.8$
Diridon 12.5$ 25.0$ 50.0$
San Jose 59.0$ 118.0$ 236.0$
Santa Clara 10.3$ 20.6$ 41.2$
Total 86.0$ 172.0$ 344.0$
Rounded to nearest $5M 85.0$ 170.0$ 345.0$
EIFD
Alum Rock 9.0$ 11.8$ 15.7$
Diridon 7.1$ 9.3$ 12.4$
San Jose 18.8$ 24.8$ 32.9$
Santa Clara 18.0$ 25.3$ 35.1$
Total 52.9$ 71.2$ 96.1$
Rounded to nearest $5M 50.0$ 70.0$ 95.0$
Notes:
1) Totals do not match due to rounding
2) Diridon and San Jose station estimates exclude former RDA areas (although residual may ultimately be available)
3) Medium estimates were used for presentation purposes
4) The values determined through the value capture analysis are high level and the result of a specific
set of assumptions (growth patterns, future development, land ownership, etc.) appropriate to this
early phase analysis. Future studies may generate differing values based on different assumptions
more suited to the specific analysis being undertaken at that time or as more detailed studies are
completed.
Value capture detail(25Sep2015).xlsx