DART s Role in Transit-Oriented Development Jack Wierzenski, AICP

Transcription

1 DART s Role in Transit-Oriented Development Jack Wierzenski, AICP Director, Economic Development & Planning Dallas Area Rapid Transit

2 DART System Established in Member Cities Local Funding: $.01 sales tax Current Population: 3.1 million

3 Integrated Network 45 Miles of Light Rail 31 Miles of HOV Lanes 35 Miles of Commuter Rail Rideshare Services Over 120 Bus Routes Paratransit Services

4 Why is DART Involved in Economic Development? Mission Statement To build and operate a safe, efficient and effective transportation system that, within the DART Service Area, provides mobility, improves the quality of life, and stimulates economic development.

5 $4.26 Billion in Direct TOD November 2007 UNT Study $4.26 billion in TOD as of 2007 Estimated state and local tax revenues associated with TOD $127 million annually Property tax, sales tax, and state tax (non-dart properties)

6 TOD Defined Transit-Oriented Development (TOD) is moderate- to higherdensity development, located within an easy walk of a major transit stop, generally with a mix of residential, employment, and shopping opportunities designed for pedestrians without excluding the auto.

7 When we say TOD, what do we mean? A 5-to-10 minute walk to everything Close to home, office, shopping, and civic spaces A place where transit greets special places

8 Core Center Edge Core Up to 600 ft Greatest intensity Center ft Intermediate intensity Edge ft Greater than community average intensity

9 Development Around Transit Two types of projects: Transit-Oriented Development Area within a 5-10 minute walk Transit Villages/ Town Centers/ urban infill/ greenfield Joint Development On publicly-owned land Primarily with rail systems

10 TOD Planning Principles Greater density than community average Reduced parking Convert surface parking to structured parking Quality pedestrian environment A mix of uses A defined center Transit integrated with TOD Stations help define the most important places

11 TOD Elements Safe streets Pedestrian-oriented Strong center Local services Parks and open space Housing choices Good jobs Create destinations Structured parking or further-removed surface parking

12 Future Demand for TOD 64% of demand Single households Couples without children 20% of demand Households with children 14.7 million US TOD Households (2025) 64% 9% 12% 15% Single Parents, Other Households With Children Married Couples with Children Other Households without Children Singles and Couples without Children Source: Center for Transit-Oriented Development, Hidden in Plain Sight: Capturing the Demand for Housing Near Transit

13 DART s Philosophy Each station is unique Development is site-specific Interaction with developers and member cities is critical and encouraged Think outside the box: Different approaches to integrating development Station Area Development is not a function of Real Estate

14 TOD: Downtown Plano Before After

15 The Players DART Member Cities Developers Developers Member Cities DART

16 DART s Role Lead the way in early stages of LRT Incorporate TOD objectives into planning Transit Land Use Pedestrian/Auto Environment Identify a funding source for additional amenities Sponsor grant proposals Work with member cities to leverage financial incentives/programs TIFs, PIDs, BIDs, etc. Leverage DART land holdings for TOD opportunities Create new revenue streams Create new dense, walkable environments new riders

17 Member City/DART Partnership Objectives Attract economic development Plan for TOD Relationship Establish development process Establish & maintain communication: City, DART, Developer Coordinate land use goals with transportation goals Zoning/development approvals Funding TIF Districts PID Grant Sources: COG STEP, CMAQ, EPA

18 The Developer Objectives Make profit Minimize risk Long term value DART/ Developer Relationship Refine the development vision/educate Coordinate transit objectives with investment goals Utilize DART assets to create new revenue streams

19 Development Tools FORTHCOMING

20 Rail Vehicles

21 Streetcars

22 Streetcars

23 TOD: Dallas CBD

24 TOD: Cedars Station

25 TOD: Cedars Station

26 TOD: Mockingbird Station

27 TOD: Bush Turnpike

28 TOD: Spring Valley Station

29 TOD: Spring Valley Station

30 TOD: Spring Valley Station

31 TOD: Park Lane Station

32 TOD: Park Lane Station

33 TOD: South Irving Commuter Rail Station

34 Summary Continue to cultivate TOD relationships, existing and new Internally Cities Developers Look for development opportunities System plan level Project development level After the fact Recognize that all players have different objectives Sometimes objectives can be complementary Maximize the potential for win-win solutions

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36 For More Information Jack Wierzenski, AICP Director, Economic Development & Planning Dallas Area Rapid Transit (DART) PO Box /1401 Pacific Dallas TX