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Alachua CountyMobility Plan
Transportation Improvement District Overview
Jonathan B. Paul, AICP, MA2
Jeffery L. Hays
• Tax Increment Finance Plan
• Use % of increase in new general tax revenue for mobility
• Anchored by Transit Oriented Development
• Consistent with Capital Improvements Element
• Allows County or Developer to front-end infrastructure
• Mechanism to fund rapid transit service
TRANSPORTATION IMPROVEMENT DISTRICT
• Not a new tax or fee
• Not a Community Redevelopment Area
• Not a developer giveaway
• Not a property tax break
• Not for streetscape, lighting or decorative signs
• Not permanent commitment
WHAT IT IS NOT
Investment in Transportation Mobility
Supports TODs as sustainable land use pattern
Opportunity to expand tax base
Potential to be a Public / Private Partnership
Incentive for economic development & job creation
Promote infill & redevelopment back towards Gainesville
Clear commitment to Mobility & Sustainability
WHY DO IT?
Compact Mixed Use Projects yield much higher tax revenue per acre:
Single-family: Stillwind $6,640/acre Town of Tioga Residential $16,917/acre
Multifamily: Asbury Park Apartments $10,909/acre Paddock Club Apartments $7,670/acre
Commercial: Steeplechase Shopping Center $12,234/acre Tower Square Shopping Center $8,794/acre
Low Intensity Mixed Use: Tioga Town Center (NE Block): $36,202/acre Haile Village Center: $32,692/acre
Even Low Rise Mixed Use is 2x-3x Stand Alone
PUBLIC / PRIVATE PARTNERSHIP
• Build Transit Oriented Development• Front-End infrastructure• Pay Multi-Modal Transportation Mitigation (MMTM) • Partially fund transit
Private
• Reimburse expenses beyond MMTM• Fund frequent transit service • Fund some transit capital • Pursue Federal & State funding for Rapid Transit Network
Public
WIN / WIN PROPOSALPrivate• Gets commitment that Mobility funded• Gets reimbursed for expenses beyond MMTM• Gets commitment that County does not change course
Public• Gets expanded tax base • Sales tax revenue• Jobs & Economic Development • Sustainable Land Use Pattern• New constituency that supports multi-modal mobility
Commitment via Developer Agreement
HOW IS DISTRICT PLAN DEVELOPED?
• 1st identify the district boundaries
• 2nd establish a target horizon year
• 3rd project development potential • 4th determine mobility needs and cost
• 5th calculate future MMTM
• 6th calculate new future general tax revenue
• 7th identify the % of new general tax revenue for mobility
DISTRICT PLAN DETAILS
• 2035 Horizon Year
• Development Potential:
2,250 dwelling units 500 hotel rooms 500,000 square feet of office 500,000 square feet of retail 500 Assisted Living Facility Units
• Identify Mobility Projects (next slide)
• Total Cost $34,650,000
• Total MMTM & Developer Contribution: $15,500,000
MOBILITY PROJECTS
• SW 30th Avenue Multi-Modal Overpass
• Archer Braid Trail – Veterans Kanapaha Park to I-75
• Dedicated Transit Lanes from Archer Road to SW 30th
• Archer Road Access Management
• 4 Hybrid Buses
• Share of Maintenance Facility
• Share of structured park & ride
• Share of funding frequent transit service
DISTRICT PLAN DETAILS
• Future General Tax Revenue Existing Land Use: $7,000,000 • Future New General Tax Revenue per Plan: $72,000,000
• 2012 – 2025 (30%) = $7,900,000
• 2026 – 2035 (25%) = $11,400,000
• Total County Contribution = $19,300,000
• Net New General Tax Revenue to County = $52,700,000
DIRECTION REQUESTED
• Proceed with TID ordinance? • Proceed with Southwest Plan as presented by Staff?
• Revise Southwest Plan Mobility projects?
• 30% for the the 2012 – 2025 period?
• 25% for the 2026 – 2035 period?
• Bring in conjunction with Celebration Pointe DA?