County of Fairfax, Virginia Funding Springfield Transportation Needs Shared Investments in Transportation Infrastructure October 3, 2018 Page 1 • Springfield Comprehensive Plan Amendment (2010) o Community Business Center (CBC) and Transit Station Area (TSA) o Identified transportation projects needed to support redevelopment Capacity, Intersections, bike/ped, complete streets, transit Estimated $280 million in costs • Proposed Springfield Road Fund o Leverages public and private investment o Pools private sector contributions, triggered by land use change, to fund off-site (multimodal) transportation improvements o Includes residential rate per DU and commercial per SF o Allows network to be phased with pace of development o Provides supplemental funding for improvements in a street network that are not addressed by redevelopment, but are essential for circulation and congestion relief o Provides dedicated funding source for reinvestment in Springfield