RV 2014: TOD Market Dreams + Realities by Michael Horsting

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TOD Market Dreams + Realities The station is in, the riders are coming and the development has been proposed. Now everybody wants retail. But is there a market for it? Will it be supported? Or would other uses be more appropriate and generate additional riders? Everyone expects TOD to generate a mix of uses -- to create a 24/7 environment at every station. How do market realities change that equation? Learn what it takes to support that mixed-use environment that everyone expects; how to assess the market and what residents really want; and how to manage expectations if the market doesn't deliver. Moderator: William M. Velasco, Chair of Board TOD Committee, DART, Dallas, Texas Christine Maguire, AICP, EDFP, Senior Manager, Development Planning and Finance Group, Austin, Texas Anne B. Ricker, Principal/Owner, Ricker Cunningham, Centennial, Colorado John Breitinger, Vice President, Investment and Development, United Properties, Bloomington, Minnesota Michael Horsting, AICP, Principal Analyst, Regional Transportation Authority, Chicago, Illinois

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www.RTAchicago.org  

REGIONAL  SURVEY  OF  TOD  RESIDENTS  Rail~Volu)on  2014  Minneapolis,  MN  Michael  Hors)ng,  AICP  

•  3rd  Largest  Transit  System  in  

North  America  

•  3,700  Square  Mile  Area  

•  6  Coun)es  Including  Chicago  

•  Popula)on  of  8.3  Million  

•  2  Million  Daily  Trips  

•  144  Heavy  Rail  Sta)ons  

•  238  Commuter  Rail  Sta)ons  

•  $36  Billion  in  Assets  

RTA Region

OVERVIEW  OF  RTA  

RTA Regional Planning,

Oversight, and Funding

CTA Chicago &

adjacent suburbs

Metra Commuter Rail

Pace Suburban Bus

ADA Paratransit

COMMUNITY  PLANNING  PROGRAM  

4  

•  Local  Governments  in  Six-­‐County  Region  •  Transit  Service  Providers  

Eligible  Applicants  

•  Transit-­‐Oriented  Development  Plans  • Corridor,  Sub-­‐regional  and  Local  Improvement  Plans  Planning  Projects  

•  TOD  Zoning  Code  Updates  •  TOD  Developer  Discussion  Panels  •  Pedestrian  Access  Improvement  Recommenda)ons  

Implementa)on  Projects  

         NEED  FOR  TOD  DATA  

•  Demographics  of  TOD  Residents  

•  Does  living  near  transit  influence  travel  habits  

•  Lifestyle  changes  of  residents  in  TOD  areas  

•  Mo)va)ng  factors  for  residents  to  move  to  a  TOD  

TOD  RESIDENT  SURVEY  

•  14  Suburban  Sta)on  Areas  

•  ½  Mile  Radius  

•  37,980  Households    

•  High,  Medium  and  Lower  Development    

•  Ques)ons  were  asked  “Before  living  in  TOD  Area”  and  “Living  in  TOD  Area”    

 

TOD  AREAS  SURVEYED  

REASONS  RESPONDENTS  SELECTED  CURRENT  NEIGHBORHOOD  

1   • Safety  

2   • Close  to  Transit  Service  

3   • Can  Walk  to  Des)na)ons  

4   • Shops  /  Services  Nearby  

5   • Less  Dependent  on  a  Car  

TOD  RESIDENT  DEMOGRAPHICS       TOD  Areas   RTA  Region  (Excluding  City  of  Chicago)  Gender          

Female   56%   50.5%  Male   44%   49.4%  

           No  Children     80%   65%              Average  Household  Size   2.09   2.53              Average  Age   48   36.97              Income          

Up  to  $25,000   12.48%   19.6%  $25,000  –  75,000   38.51%   38.6%  

More  than  $75,000   49.01%   41.8%  

[1]  2007-­‐2008  CMAP  Household  Travel  Tracker  Survey  u)lizing  RTA  Weights [2]  The  City  of  Chicago  was  excluded  due  to  the  survey  also  excluding  the  City  of  Chicago [3]  No  children  under  17  years  of  age [4]  No  children  under  18  years  of  age

RESIDENT  DEMOGRAPHICS    

8%  5%  

11%  

15%  

12%  

15%  

17%  

17%  

Annual  Household  Income  

Less  than  $15K  

$15,000-­‐24,999  

$25,000-­‐39,999  

$40,000-­‐59,999  

$60,000-­‐74,999  

$75,000-­‐99,999  

$100,000-­‐149,999  

$150,000  and  up  

64.3%  14.3%  

7.7%  

13.7%  

Full  Xme  Part  Xme  Not  Working  ReXred  

Current  Home  

75.8%  

12.2%  8.7%  

3.4%  

CHANGE  IN  WORK  STATUS  Previous  Home  

0  50  

100  150  200  250  300  350  

400  

Previous  Home  Current  Home  

CHANGE  IN  COMMUTE  MODE  

0  

50  

100  

150  

200  

250  

300  

350  

400  

450  

Carpooled   Drive  Alone   Walked   Bicycled   Transit  

Previous  Home  

Current  Home  

CHANGE  IN  NON-­‐COMMUTE  MODE  

1.5  

1.3  

Previous  Home   Current  Home  

CHANGE  IN  VEHICLE  OWNERSHIP  

WHAT  DO  RESIDENTS  WANT?  •  Proximity  to  Transit  Service  

 •  Proximity  to  Retail  Shops  and  Services  

 •  A  Walkable  Environment  

•  Less  Driving    

•  Safety    

•  An  Environment  for  Re)rees    

RECOMMENDATIONS  

•  Focus  on  Including  full  Neighborhood  Ameni)es  in  TOD  Areas    

•  Invest  in  and  improve  walkability,  safety  and  pedestrian  access  to  transit    

•  Improve  TOD  marke)ng  efforts    

•  Right-­‐Size  residen)al  parking    

•  Encourage  Employers  to  be  Transit-­‐Suppor)ve    

www.RTAchicago.org  www.RTAchicago.org  

THANK  YOU!          

   

Michael  Hors)ng,  AICP  hors)ngm@rtachicago.org  

57%  

24%  

18%  

Increased  #  of  Cars  

Decreased  #  of  Cars  

Kept  Same  #  of  Cars  

5%  

26%  

69%  

Increased    #  of  Cars  Owned  A`er  Moving  

Lost  Parking  

Gained  Parking  

Maintained  Parking  

AUTO-­‐OWNERSHIP  VS.  PARKING  AVAILABILITY  

RESPONDENTS  WHO  INCREASED  #  OF  CARS  OWNED  AFTER  MOVING  

57%  

24%  

18%  

Increased  #  of  Cars  

Decreased  #  of  Cars  

Kept  Same  #  of  Cars  

24%  5%  

71%  

Decreased  #  of  Cars  Owned  A`er  Moving  

Lost  Parking  

Gained  Parking  

Maintained  Parking  

AUTO-­‐OWNERSHIP  VS.  PARKING  AVAILABILITY  

RESPONDENTS  WHO  DECREASED  #  OF  CARS  OWNED  AFTER  MOVING  

57%  

24%  

18%  

Increased  #  of  Cars  

Decreased  #  of  Cars  

Kept  Same  #  of  Cars  

AUTO-­‐OWNERSHIP  VS.  PARKING  AVAILABILITY  

6%  

15%  

79%  

Kept  Same  #  of  Cars  A`er  Moving  

Lost  Parking  

Gained  Parking  

Maintained  Parking  

RESPONDENTS  WHO  KEPT  THE  SAME  #  OF  CARS  OWNED  AFTER  MOVING  

LONGEVITY  IN  TOD  VS.  AGE  

0%   20%   40%   60%   80%   100%  

18-­‐24  

25-­‐44  

45-­‐64  

65+  

Moved  to  TOD  in  Last  3  Years  

Moved  3+  Years  Ago  

AVERAGE  YEARS  IN  TOD  AREA  

0  

2  

4  

6  

8  

10  

12  

14  

16  

18-­‐24   25-­‐44   45-­‐64   65+  Average  #  of  Years  in  TOD  Area  

Age  

74%  26%  

Previous  Home  

OFF-­‐STREET  PARKING  AVAILABILITY  

79%  

21%  

Current  Home  

Available   Not  Available