A u s t i n - S a n A n t o n i o C o m m u t e r R a i l C o r r i d o rA u s t i n A u s t i n -- S a n A n t o n i o S a n A n t o n i o C o m m u t e r R a i l C o r r i d o rC o m m u t e r R a i l C o r r i d o r

A C o r r i d o r A p p r o a c h t o T r a n s i t S u p p o r t i v e D e v e l o p m e n t

A C o r r i d o r A p p r o a c h t o T r a n s i t S u p p o r t i v e D e v e l o p m e n t

Project OverviewProject OverviewJune 2005 ASAICRD Board adopted Locally Preferred Transit AlternativeCommuter rail preferred technologyCorridor Limits

Georgetown to South San AntonioExisting Union Pacific Rail Road (UPRR) ROW

112 Miles15 Passenger Stations

Locally PreferredLocally PreferredAlternativeAlternative

15 Stations Locations:

GeorgetownRound RockMcNeilBraker Lane 35th StreetSeaholmSlaughter LaneBuda/KyleSan MarcosNew BraunfelsSchertz/Garden RidgeLoop 1604San Antonio AirportDowntown San AntonioPort Authority of San Antonio

Budget $612 M (full service)Doesn’t include relocation cost of UP through-freight

UPRR Through-Freight Trains RelocatedLocal freight service remains

Funding:Non-New Starts Federal Funding (50%) and State and

Local Funding (50%)TIF and Sales Tax Revenue

Project OverviewProject Overview

Tax Increment & Sales Tax RevenueTax Increment & Sales Tax Revenue

Tax increment areas can be formed by the District or cities and counties

Under legislative authorization:District-created tax increment area District receives 30% of TIF revenue

District receives 100% of sales tax revenue from District owned property

IH-35 CongestionHighest vehicle counts/traffic congestion from Mexico to CanadaIH-35 is the deadliest highway in US 100 people killed every year since 1994 on IH-35

Truck Freight MovementVolumes doubled since pre-NAFTATruck traffic doubling every five years

Direct Economic Impacts $Direct, regional and local

Purpose and NeedPurpose and Need

Union Pacific RelocationUnion Pacific RelocationTxDOT study of relocations of UPRR to new route east of IH-35 (Trans-Texas Corridor)Relocation of through-freightFunding Through: Texas Rail Relocation Fund

TTC Routes to be located away from current population areasModes (highway, rail, utility)will be implemented as deemed financially viable

TransTrans--Texas CorridorTexas Corridor

Planning ProcessPlanning ProcessProject Definition

Corridor Alignment/ProfileRidershipTarget Station Areas

Market Study / Economic Impact AnalysisExisting Land Use / Availability Site Analysis - Station Location

Access/CirculationDevelopment FootprintParking Footprint

Conceptual Development PlanStation Area Plan (by Municipality)

Economic Impact Evaluation Economic Impact Evaluation Recognize that TOD is Market Driven Establish Market AreaDocument Existing Land Use / ConditionsDetermine Market Capture for Station AreaEstablish Station Area Build-out Market / AbsorptionEstablish Assessed Value IncrementDetermine Tax Impacts to Municipality and ASAICRD

Systemwide Economic ImpactSystemwide Economic ImpactEconomic impact from multiple sources:

Transit oriented development at stationsAttracting skilled and educated workersAdditional jobs/business related to capital construction (~$612m*) and annual operations (~$41m*)Reduced highway, construction and maintenance costsTourism/Sports/Recreation impactsHigher education benefits – 225,000+ students/faculty

Austin-San Antonio Commuter Rail Project, 2004 Feasibility Report UpdateEconomic impact study conducted by Texas Perspectives, Inc.

Local Economic ImpactsLocal Economic ImpactsEconomic impact within ¼ mile of stations

Transit Oriented Development

Station area impact analysis (15 stations)Current property value ~$445.2 millionProjected 2030 property value with stations: ~$443 billionPotential incremental property tax revenue: ~$578 million (based on non-school ad-valorem tax)Potential incremental school tax revenue: ~$915 millionPotential incremental sales tax revenue: ~$415 million

Station area economic impact analysis conducted by Capitol Market Research, Inc. for Austin-San Antonio Commuter Rail Project alternatives analysis.

Station Area Current Value Value in 2030 Increase in Value

Georgetown $2,432,882 $301,285,559 $298,852,677

Round Rock $37,248,059 $107,495,505 $70,247,446

McNeil Road $1,107,190 $419,369,546 $418,262,356

Braker Lane $67,166,533 $287,198,288 $220,031,755

35th Street $43,358,457 $356,323,620 $312,965,163

Seaholm $142,736,610 $689,928,820 $547,192,210

Slaughter Lane $41,796,175 $462,827,707 $421,031,532

Kyle-Buda $610,449 $389,621,229 $389,010,781

San Marcos $36,296,335 $353,914,523 $317,618,188

New Braunfels $18,479,540 $125,340,823 $106,861,283

Schertz/Garden Ridge $6,624,636 $182,290,030 $175,665,394

Loop 1604 $5,182,294 $210,729,165 $205,546,872

Loop 410 $17,324,833 $251,488,924 $234,164,091

San An. CBD $23,360,365 $294,187,758 $270,827,393

KellyUSA $1,468,300 $2,722,146 $1,253,846

Total $445,192,658 $4,434,723,643 $3,989,530,987

Source: Capitol Market Research, April 20, 2006

Station Area Property ValuationStation Area Property ValuationImpact AnalysisImpact Analysis

Station

Increase in Property

ValueSales Tax Revenue

Property Tax Revenue Less

ISDsISD Property Tax Revenue

Total Tax Revenue

$ 24.7 11.6 81.3 44.0 54.0

108.8 45.0 30.2 40.9

New Braunfels 106.9 2.1 14.9 32.9 49.9Schertz 175.7 4.1 10.5 31.4 46.0Loop 1604 205.5 6.4 36.4 48.9 91.7San Antonio Airport 234.2 4.7 40.7 52.8 98.2San Antonio CBD 270.8 4.6 35.1 47.3 87.0Port Authority 1.3 0 0.2 0.3 0.5

$578.30

Georgetown $ 298.9 $ 3.4 $ 51.2 $ 79.2 Round Rock 70.2 0 23.8 35.4 McNeil Rd. 418.3 56.6 109.1 246.9 Braker Ln. 220.0 185.1 65.0 294.1 35th Street 313.0 14.5 79.8 148.2 Seaholm 547.2 112.2 160.8 381.9 Slaughter Ln. 421.0 13.2 68.3 126.4 Kyle-Buda 389.0 4.6 68.1 102.8 San Marcos 317.6 3.1 75.7 119.6

Total $3,989.60 $414.60 $915.40 $1,907.80

Potential TOD Sales and Potential TOD Sales and Property Tax Revenue, 2008Property Tax Revenue, 2008--20332033

Dollars in Millions

McNeil Station McNeil Station

Park & Ride Spaces: 660Kiss & Ride Spaces: 13Bus Bays: 4

Development Area: 39.5 acres

New Braunfels Station New Braunfels Station

Park & Ride Spaces: 120Kiss & Ride Spaces: 2Bus Bays: 2

Development Area: 3.2 Acres

Braker Lane (Austin)Braker Lane (Austin)

Park & Ride Spaces: 220Kiss & Ride Spaces: 4Bus Bays: 4

Development Area: 46 Acres

Slaughter Lane (Austin)Slaughter Lane (Austin)

Park & Ride Spaces: 390Kiss & Ride Spaces: 8Bus Bays:

Development Area: 35.5 Acres 4

New Braunfels Station New Braunfels Station

New Braunfels Station New Braunfels Station

Round Rock Station Economic ImpactRound Rock Station Economic Impact

Projected Land Use by Market StudyMultifamily: 600 units (3 years)Office: 200,000 SF (25 years)Retail: Limited - Reserved for Downtown Core

Assessed Value2005: $ 37.2 Million2030: $107.5 Million

Tax RevenueCity of Round Rock: $30MASAICRD: $10M

Round Rock Station Round Rock Station

Round Rock Station Round Rock Station

Station Area Station Area

Station Area Station Area

Station AreaStation Area

Station PrototypeStation Prototype

Next StepsNext StepsStation Area Plans by MunicipalitiesPublic-Private Financing Plans for StationsRefinement of Tax Revenue Income to ASAICRD Identify and Confirm Local Funding Sources Funding of Union Pacific Relocation to TTC