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PPuubblliicc FFiinnaannccee aanndd TTOODD 
Local Government Perspectives 
City of Azusa, CA 
City of Whittier, CA 
Conal M...
PPuubblliicc FFiinnaannccee aanndd TTOODD
PPuubblliicc FFiinnaannccee aanndd TTOODD 
Perspective: Azusa vs. Whittier 
•88 Cities in Los Angeles County 
• 4,000 Squa...
PPuubblliicc FFiinnaannccee aanndd TTOODD
PPuubblliicc FFiinnaannccee aanndd TTOODD 
Why are we Investing in TOD? 
•Congestion 
•Geography of County 
•Growth in Tra...
PPuubblliicc FFiinnaannccee aanndd TTOODD 
How are (were) we Investing in TOD 
•Redevelopment 
• Required Blight and Debt ...
PPuubblliicc FFiinnaannccee aanndd TTOODD 
Different Approaches in Promoting TOD: 
•Azusa 
• Large Landholdings Within ¼ M...
PPuubblliicc FFiinnaannccee aanndd TTOODD
PPuubblliicc FFiinnaannccee aanndd TTOODD
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Approaches in Promoting TOD: 
•$26 Million in Bonds for Public Infrastructure &...
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RV 2014: Public Finance Support + TOD Projects. What Works? by Conal McNamara

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Public Finance Support + TOD Projects: What Works?
What is the role of public finance in your TOD project? Does it support or complicate matters? Which comes first -- the financing or the project? How should public support be structured for the best value? Explore the role of public financing from many angles with people who have lived it. What works? What works even better? Hear how public sector financial support could be a valuable piece of your development process.
Moderator: James Arthur Jemison, Deputy Undersecretary, Commonwealth of Massachusetts, Boston, Massachusetts
Conal McNamara, Director of Community Development, City of Whittier, California
Eric Rothman, President, HR&A Advisors, Inc., New York, New York
Beth Pfeifer, Director of Development, The Cornerstone Group, Bloomington, Minnesota

Published in: Economy & Finance
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RV 2014: Public Finance Support + TOD Projects. What Works? by Conal McNamara

  1. 1. PPuubblliicc FFiinnaannccee aanndd TTOODD Local Government Perspectives City of Azusa, CA City of Whittier, CA Conal McNamara, AICP Director of Community Development City of Whittier, CA
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  3. 3. PPuubblliicc FFiinnaannccee aanndd TTOODD Perspective: Azusa vs. Whittier •88 Cities in Los Angeles County • 4,000 Square Miles & 10 Million Population • Larger Population than 43 States • Largest City: 4 Million Population (Los Angeles) • Smallest City: 96 Population (Vernon) •Azusa • 8 Square Miles and 46,000 Population • Terminus of the Pasadena Gold Line (2 Stations) •Whittier • 15 Square Miles and 87,000 Population • Competing to be Terminus of East Side Transit Corridor
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  5. 5. PPuubblliicc FFiinnaannccee aanndd TTOODD Why are we Investing in TOD? •Congestion •Geography of County •Growth in Transit Opportunities •TOD is What Developers Want to Build • Often a Retail Component •Regional Governments and Transportation Agencies • Offering Funding and Guidance •TOD = Change in Thinking for Many Cities • Non Traditional Land Use Design • Increased Density • Focus on Planning for Future Residents Become Invested When Public Agencies Show Investment
  6. 6. PPuubblliicc FFiinnaannccee aanndd TTOODD How are (were) we Investing in TOD •Redevelopment • Required Blight and Debt • Allowed Redevelopment Agencies to Purchase Property, Sell Below Market, and use Tax Increment to Retire Debt • Dissolved by Legislature in 2012 •Infrastructure/Off-Site Improvements • Wet/Dry Utilities at TOD Sites • Oversizing Lines in Anticipation of Development •Public “Amenities” Benefitting Development • Parking Structures • Parks • Transit Facilities and Networks •Waiving Fees
  7. 7. PPuubblliicc FFiinnaannccee aanndd TTOODD Different Approaches in Promoting TOD: •Azusa • Large Landholdings Within ¼ Mile of Station • Metro Grant to Study Area (Including Economic Analysis of How to Best Use City Property) • City Funded Parking Structure (Surplus Spaces) and Future Parking Structure • City Funded Installation of Utilities •Whittier • $26 Million in Bonds for Public Infrastructure & Affordable Housing • Multi-Story Parking Structure • Water & Sewer Improvements and Upgrades • Analysis of Transit and Feeder Service to Rail
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  19. 19. PPuubblliicc FFiinnaannccee aanndd TTOODD Approaches in Promoting TOD: •$26 Million in Bonds for Public Infrastructure & Affordable Housing • Multi-Story Parking Structure • Water & Sewer Improvements and Upgrades • Lighting Improvements In Public ROW Adjacent to Hospital • Analysis of Transit and Feeder Service to Rail • Desire to Attract Biomedical Business Near Hospital • $9 Million Dedicated for Affordable Housing • Increase Density • Specific Plans Adopted in Adjacent Areas to Integrate
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