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Great Expectations for Large-Scale TOD AICP CM 1.5 What kinds of expectations should you have when initiating a large-scale TOD project? Hear from three different perspectives -- a private developer, a transit agency and a redevelopment authority -- about how TOD projects evolve, from concept to implementation. Learn about the pitfalls, as well as the keys to success. Real project highlights, case studies and lessons that will help you make your large-scale TOD project a success. Moderator: William C Van Meter, Assistant General Manager of Planning, Regional Transportation District, Denver, Colorado James Kennedy, Redevelopment Director (retired), Walnut Creek, California Cynthia A Parker, President and Chief Executive Officer, BRIDGE Housing Corporation, San Francisco, California Bill Sirois, Senior Manager, TOD and Planning Coordination, FasTracks Team, Regional Transportation District, Denver, Colorado
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Great Expectations for Large-Scale TOD
Rail-Volution
September 22, 2014
Jim Kennedy
Contra Costa County, California
Contra Costa Centre Transit Village
Contra Costa Centre Development Summary (9/14)1
Status Commercial2 (sf) Housing3 (du) Hotel (rooms)
Completed 2,440,487 2700 423
Under Construction -0- -0- -0-
Future Projects 310,000 100 -0-
Total 2,750,587 2800423
1. Includes specific plan area and immediate vicinity2. Includes office and retail square footage3. Residential dwelling units
Planning Landmarks
•1983/84 – County adopts Specific Plan and RDA Plan
•1989 – Specific & RDA Plans amended for Area 3•1999 – Major Specific Plan Amendments•2001 – BART Property Charrette
1.0 Economic Cycles/Events
1.1 Coggins Square/Iron Horse Lofts – FIRREA (Financial Institutions Reform, Recovery & Enforcement Act)
• Over 50% of development sites change ownership prior to development
• Successful local developers >>> national/international
1.2 Changing Partnerships with a Changing Economy
Ownership Changes – Area 7B/8
2.0 Political Factors
2.1 Political Factors in Land Use
Contra Costa Centre is an unincorporated area at the confluence of 3 cities
Contra Costa Centre is an infill setting surrounded by existing neighborhoods
Regional accessibility to BART patrons is unequaled Fiscal issues
Competition with adjacent cities Regional retail Return on investment – BART & Contra Costa County
BART Joint Development Site
Take Two – Citizens Create A Transit Village
• Development conceived during 2001 Charrette• Highly participatory public planning process
• Over 500 participants• 80 hours of “open door” time in six days
• Residential mixed use program• Rezoning – 2002• Final Development Plan - 2005
Charrette Action
• Strong public realm• Strong connection to regional trail• Mixed use• Office on the north• BART parking
provided for
Citizen Plan Determines Final Site Plan
Avalon Walnut CreekDevelopment Description
• 522 Residential units• 422 rental• 100 for-sale townhomes
• 290,000 sf of office• 35,550 sf of retail• 20,000 sf business conference center• Parking for all uses in on-site structures
2.2 Park Regency Apartments
• Privately owned• Properties added to Plan Area• Plan of finance
• Tax Exempt Bonds• RDA Assistance
• Mixed Income – 80/20• Completed - 1992
2.3 Roadway corridor evolves to a Linear Green
3.0 Institutional Change - Wally nails it
3.1 Avalon Walnut Creek Business Partnership
Public Financial Goals
• Create a long term revenue stream via ground lease structure
• Acknowledge the major front end RDA expenditure - $59.9 milliono BART Replacement parkingo Placemaking elementso Backbone infrastructure
• Reflect RDA Affordable Housing Assistance• Provide BART with value capture in the near
term
Joint Powers Agency (JPA) Structure
The Money99-year Revenue Projections - Cumulative
$0
$100
$200
$300
$400
$500
$600
$700
2006 2011 2016 2021 2026 2031 2036 2041 2046 2051 2056 2061 2066 2071 2076 2081 2086 2091 2096 2101
Millions
$696 Million
AVALON WALNUT CREEK
3.2 PUBLIC / PRIVATE PARTNERSHIPS
• Affordable Housing
• Child Care
• Transportation Demand Management
(TDM)
• Resident Deputy
• Landscape Maintenance
3.2-1 Affordable Housing Production
• RDA land subsidy • CC Centre Assoc. subsidy• County Tax Exempt Bond Financing• CCCA Child Care Affordability Fund
3.2-2 Child Care – Step Ahead Center
3.3-3 Transportation Demand Management
• Operated by Contra Costa Centre Association
• County service area formed - $275,000/year
• TDM Performance:o Residential = 50% use BARTo Employees = +30% TDM
Pedestrian and Bicycle Overcrossing – RDA, Local & Federal Transportation Funds
3.3-4 Resident Deputy
• Funded by Contra Costa Centre Association
• $250,000 annual payment to County Sheriff
• Walden Green• Fox Creek Park• Roadway landscaped medians
3.3-5 Park Maintenance Privatized
Thank you for your time