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RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Eric Engstrom

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Beyond Mobility: Corridor Planning for the Bigger Picture AICP CM 1.5

Transit can do more than move people and generate revenue. More and more, cities are investing in transit to transform their communities and deliver on more expansive city-building objectives. Traditional transit goals are expanding to address the promise of livable communities, environmental stewardship, economic development and improved public health. Hear how two cities -- Seattle and Portland -- are shaping development scale and character with transit investment. Both cities are using parcel-based, pro forma-based tools to quantify the potential impact of transit projects. Join us for an interactive discussion about the capabilities and limitations of these tools. Hear their stories and learn how to evaluate your own projects against a broader set of goals using technical and market-based analysis.

Moderator: Catherine Ciarlo, AICP, Senior Project Manager, CH2M Hill, Portland, Oregon
Katherine Idziorek, AICP, LEED AP ND, Urban Designer, VIA Architecture, Seattle, Washington
Antonio Gomez-Palacio, Principal, DIALOG, Toronto, Ontario
Eric Engstrom, Principal Planner, City of Portland, Bureau of Planning & Sustainability, Portland, Oregon

Published in: Design
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RV 2014: Beyond Mobility: Corridor Planning for the Bigger Picture by Eric Engstrom

  1. 1. Beyond Mobility Planning for the Bigger Picture Eric Engstrom, AICP City of Portland, OR Rail~Volu>on 2014
  2. 2. The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may have to delete the image and then insert it again. Expected Growth by 2035: • 122,000 more households • 140,000 projected new jobs Comprehensive Plan
  3. 3. Comparing Different Growth Pa:erns Default Growth Scenario Corridor Growth Scenario Hubs Growth Scenario
  4. 4. Comparing Different Growth Pa:erns
  5. 5. What makes a city healthy? Parks & Nature Healthy Food Watershed Health Safety Basic Public Services Businesses & Amenities Social Connections Active Transportation Quality Housing
  6. 6. Performance Measures Complete Neighborhoods Tree Canopy Access to Frequent Transit Access to Family Friendly Bike Network Watershed Health Housing Mix Vehicle Miles Traveled Housing Affordability Mode Split Risk of Displacement/ Gentrification Carbon/GHG Emissions Parks Access
  7. 7. City Shaping Tool
  8. 8. City Shaping Tool Distribu>on of New Housing (2010-­‐2035)
  9. 9. Comp Plan Context – Form
  10. 10. Growth Strategy
  11. 11. What is the streetcar predic-ve model? An analy>cal tool to predict real estate development that would be s>mulated by streetcar and related investments.
  12. 12. What the model tells us… 1. Magnitude of new development s>mulated by public investment 2. How local regula>ons affect development feasibility 3. Es>mated fiscal and economic benefits of development
  13. 13. About the PredicHve Model • Considers ownership paSerns, zoning paSerns and codes, property values, local market data, and applica>on of suppor>ve public policy. • Models individual pro-­‐forma decisions that developers make • Spreadsheet-­‐based • Developed by Johnson Economics • Peer reviewed • Requires economic exper>se to run
  14. 14. About the PredicHve Model LIKELIHOOD OF DEVELOPMENT MODULE PREDICTED MAGNITUDE AND FORM OF DEVELPOMENT SUPPORTABLE VALUE CURRENT VALUE PRICING COST RETURN ZONING PREDICTED DEVELOPMENT/ REDEVELOPMENT RESIDUAL PROPERTY VALUE MODULE
  15. 15. Research on cause and effect is limited
  16. 16. User inputs…
  17. 17. User inputs…
  18. 18. 10 Study Areas
  19. 19. 9.5% 2.2% Average Change in RMV w. Streetcar Rela>ve to Baseline 1.0% (Change as a % of present RMV) 0.8% 0.6% 0.4% 0.3% 0.2% 10.0% 9.0% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2.0% 1.0% 0.0% Macadam Foster Sandy MLK Gateway Belmont 82nd Broadway

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