Denver RTD and Its Role in TOD

Denver RTD and Its Role in TOD

ULI Cleveland - Moving the Needle: A National and Local Perspective on Transit Oriented Developments

June 26, 2013

The Regional Transportation District • Created in 1969

• Eight-county service area

• Service area: 2,380 square miles

• 2.8 million population

• 15 elected Board members

• 1 percent sales tax

– .6 base system

– .4 FasTracks

• 2,415 employees

The RTD FasTracks Plan• 122 miles of new light rail and

commuter rail

• 18 miles of Bus Rapid Transit (BRT) service

• 31 new Park-n-Rides; more than 21,000 new parking spaces

• Redevelopment of Denver Union Station

• 50+ new rail and/or BRT stations for Transit Oriented Communities opportunities

Roles in TOD Process

Denver Union Station (DUS)

Denver Union Station (DUS)

Denver Union Station (DUS)

DUS Construction Progress

DUS and Private Development

TOD Pilot Program– Proactively work on fostering livable communities by testing an

expanded role for RTD in facilitating TOD– Develop “model” TOD projects for the region

Alameda Station Pilot

Alameda Station Pilot • Transition from park-n-Ride station to neighborhood station

– Goal established from station area plan

• Strategically manage parking

• Design in line with current trends and encourages transit ridership

– 1 parking space/unit

– Smaller units

– First example outside CBD

• Anticipate closing and breaking ground Q3 2013

Eagle P3 Project• East Rail Line, Gold Line, Northwest

Rail Westminster Segment and commuter rail maintenance facility

• Project Funding – $2.2 billion– Nearly $500M in private equity

– $1.03 billion funded by federal grant

• Opening 2016

“Words of Wisdom”• P3s are the way of the future for transit

• TODs require partnership between local jurisdiction, transit agency and developer

• Need to focus/prioritize on projects that can be successful

• Need to be open to innovation and new ways of approaching projects

QUESTIONS?Bill SiroisSenior Manager, Transit-Oriented Development and Planning Coordination303.299.2417William.Sirois@RTD-Denver.com

DUS Financing Cash Sources Description Amount FHWA PNRS $45.3 MRTD/FTA 5309 $9.3 MCDOT SB-1 $17.3 MDRCOG TIP funds $2.5 M

ARRA (stimulus) grant $18.6 M

RTD ARRA (stimulus) grant $9.8 M

RTD/USNC Property sales proceeds $38.3 M

RTD FasTracks Commitment $40.8 M

Total $181.9 M

TIFIA/RRIF Loans $298.4 M

Total Project $480.3 M