4/9/2018 1 April 5, 2018 CITIZENS PARTICIPATION Item #1
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April 5, 2018
CITIZENS PARTICIPATION
Item #1
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APPROVAL OF MINUTES
Item #2
TRAC GOALS, FRAMEWORK &
AGENDA REVIEW
Item #3
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• Learn about Southern Nevada’s mobility
challenges, new developments and opportunities.
• Learn about smart communities, emerging
technologies and how these efforts can impact
and improve mobility, accessibility and safety in
Southern Nevada.
• Obtain feedback and recommendations on how
to best address and prioritize mobility solutions.
COMMITTEE GOALS
Meeting 5 – June 7, 2018 – On Board High Capacity Transit and Maryland Parkway
Recommendations; Pedestrian Safety Discussion; Smart Mobility and Innovation
Update; Projects of Regional Significance Update; Transit Funding Discussion and Peer
Communities
Meeting 6 – August 2, 2018 – On Board High Capacity Transit, Resort Corridor,
Maryland Parkway, and Traditional Transit Updates and Recommendations; Smart
Mobility and Innovation Update; Projects of Regional Significance Update; Transit
Funding Discussion
Meeting 7 – October 4, 2018 – On Board Study Overall Update; Smart Mobility and
Innovation Update; Transit Funding Discussion and Peer Communities Review
Meeting 8 – December 6, 2018 – Final Recommendations and Next Steps
MEETING FRAMEWORK
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Salt Lake City High Capacity Transit (HCT) and Transit
Oriented Development (TOD) Field Trip Recap
NextGen Transit Panel Discussion
Maryland Parkway Corridor
Upcoming Events
AGENDA REVIEW
SALT LAKE CITY HIGH CAPACITY
TRANSIT (HCT) AND TRANSIT
ORIENTED DEVELOPMENT (TOD)
FIELD TRIP RECAP
Item #4
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NEXTGEN TRANSIT
PANEL DISCUSSION
Item #5
• RAHUL KUMAR, National Director of Emerging
Mobility, TransLoc
• JOSH SIKICH, Transportation Technology Program
Manager, HDR
• STEVE BLAND, CEO, Nashville Metropolitan Transit
Authority (MTA)
NEXTGEN TRANSIT PANEL
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NEXTGEN TRANSIT DEFINITION
NextGen Transit is the evolution of public transportation
leveraging advanced technologies, such as
autonomous systems, clean energy, predictive analytics
and dynamic responsiveness to optimize movement,
enhance safety, offer sustainable mobility choices, and
spur new economic development.
Nashville is growing rapidly
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Roads alone won’t fix it
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Let’s Move Nashville: What do we get?
✓ More buses, more often
✓ Light rail
✓ More sidewalks
✓ Mobility on Demand
✓ Safer intersections
✓ Neighborhood transit centers
✓ Downtown tunnel
A responsible investment
47% paid for by those
outside Davidson County
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MARYLAND PARKWAY CORRIDOR
Item #6
Differences between light rail transit
(LRT) and bus rapid transit (BRT)
MARYLAND PARKWAY
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• DR. IAN CARLTON, Project Director, ECONorthwest
• MICHAEL SALTMAN, President, The Vista Group
• WINDOM KIMSEY, President and CEO, TSK Architects
• SCOTT ADAMS, City Manager, City of Las Vegas
ECONOMIC DEVELOPMENT PANEL
Real Estate Investment Near Transit
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Methods
Potential and likely development:
o without transit
o with transit
Three complementary methods:
1. Corridor Market Conditions
Demand (trends and forecasts for population, employment, and building activity)
Supply (land supply, cost of development)
2. Development effects in other cities
3. User benefits (forecasted ridership) in the corridor
Parsons ECONorthwest, MIG & Dr. Arthur Nelson
Supply: Land SuitabilityRedevelopment Propensity
• High
• Medium
• Low
Acres of Vacant + Redevelopable Land: ~600
ECONorthwest, MIG & Dr. Arthur Nelson
Geography Vacant Partially Vacant Redevelopable Developed Outside Analysis Grand Total
Downtown 57 112 48 47 696 961
Segment 1 2 20 6 5 618 651
Segment 2 14 6 25 142 418 605
Segment 3 20 160 15 141 367 703
Segment 4 9 30 27 87 469 621
Segment 5 14 6 24 79 698 820
Grand Total 117 335 145 500 3,265 4,361
Development Status
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McCarran International Airport
BonnevilleTransit Center
City of Las Vegas
CLARK COUNTY
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SEGMENT 5
SEGMENT 4
SEGMENT 3
SEGMENT 2
SEGMENT 1
Universityof Nevada,Las Vegas
SunriseHospital &Medical Center
BoulevardMall
Downtown East(4th andFremont)
0 0.25 0.5 0.75 1
miles
MARYLAND PARKWAY SEGMENTS Source: City of Las Vegas, City of
Henderson, RTC
Maryland Parkway Proposed Stations
Maryland Parkway Corridor
Maryland Parkway Segments
City Limits
Likelihood to Redevelop
Unlikely to Redevelop (0)
Low (1-5)
Medium (6-10)
High (10-15)
Housing Unit
Capacity
Commercial SF
Capacity
1,600 11,000,000
0 700,000
300 1,700,000
1,300 7,100,000
1,200 2,400,000
600 1,700,000
TOTAL: 5,000 24,600,000
Zoning Capacity
McCarran International Airport
BonnevilleTransit Center
City of Las Vegas
CLARK COUNTY
IND
US
TR
IAL
15
DESERT INN
PECO
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LAS
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CHARLESTON
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15
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MA
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LA
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MA
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SEGMENT 5
SEGMENT 4
SEGMENT 3
SEGMENT 2
SEGMENT 1
Universityof Nevada,Las Vegas
SunriseHospital &Medical Center
BoulevardMall
Downtown East(4th andFremont)
0 0.25 0.5 0.75 1
miles
MARYLAND PARKWAY SEGMENTS Source: City of Las Vegas, City of
Henderson, RTC
Maryland Parkway Proposed Stations
Maryland Parkway Corridor
Maryland Parkway Segments
City Limits
Likelihood to Redevelop
Unlikely to Redevelop (0)
Low (1-5)
Medium (6-10)
High (10-15)
Housing Unit
(Market Ready)
Commercial SF
(Market Ready)
700 2,400,000
0 200,000
200 1,600,000
500 1,400,000
500 700,000
700 900,000
TOTAL: 2,600 7,200,000
Dev’t Implications
– With Transit
**4.5% rent premium
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Factors that Impact Development Outcomes
Icons designed by Freepik
Accessibility
Placemaking Policy
Agglomeration
Refocus
X-Factor
Transit investments impact real estate in numerous waysTransit-Related Impacts
Icons designed by Freepik
Accessibility Agglomeration X-Factor
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Transit investments impact real estate in numerous ways
Government-Related Impacts
Icons designed by Freepik
Placemaking Policy Refocus
Transit investments impact real estate in numerous waysFactors that Impact Development Outcomes
Icons designed by Freepik
Accessibility
Placemaking Policy
Agglomeration
Refocus
X-Factor
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$3 $9
$17
$-
$20
Regional Light Rail Bus Rapid Transit Urban Light Rail*Do
llars
of
TO
D
Real Estate Investment per $ of
Transit Investment
Real Estate Investment Near Transit
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• Charlotte
• Denver (max: $15)
• Los Angeles (min:
$1)
• Phoenix
• Portland
• Boston (min: $1)
• Cleveland (max:
$115)
• Eugene
• Kansas City
• Las Vegas
• Ottawa
• Pittsburgh
• Atlanta
• Detroit
• Kansas City
• Portland
• Salt Lake City
• Seattle (max: $32)
• Tucson (min: $5)
Observed cities:
Note: (*) Typically referred to as Modern Streetcar Rail with an average investment length under three miles. Portland’s loop is the longest system in this dataset at 7.2 miles
and saw roughly $9 in real estate development per dollar invested in transit.
Source: Based on research related to Maryland Parkway: ECONorthwest & Arthur C. Nelson; “Literature Review: Effects of Transit on Economic Activity and Land
Development”; 2015. Adapted from ITDP report (“More Development for Your Transit Dollar” 2013) with recent streetcar data gathered by ECONorthwest
PROPOSED ROUTE
• Downtown to Airport
• 8.7-Mile Route
• Technology Options:• Bus Rapid Transit• Light Rail
• 25 Station Locations
0.35-mile spacing
Downtown Las Vegas30,000
Sunrise Hospital4,600
Boulevard Mall
1,000
McCarran International Airport16,000
UNLV5,500 employees30,000 students
Las Vegas Medical District12,000
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University District
University District
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University District
Boulevard Mall/Sunrise Hospital Area
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Boulevard Mall/Sunrise Hospital Area
Boulevard Mall/Sunrise Hospital Area
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Downtown District
Medical District
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Medical District
Medical District
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MARYLAND PARKWAYLIGHT RAIL AND BUS RAPID TRANSIT
FUNDING OPTIONS
Maryland Parkway
Light Rail Transit (LRT) Funding$750 million Capital Cost
Conceptual Engineering Estimate
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Funding Possibilities – LRT
$750M – Capital Cost
Federal Transit Administration (FTA) New Starts Grant
–Up to 49%
Funding Possibilities – LRT
$750M – Capital Cost
Congestion Mitigation Air Quality (CMAQ) Bonds
– $15 million for 15 years
– Estimated Bond Proceeds of $164 million
– RTC Board and Executive Advisory Committee (EAC)
approval needed
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Funding Possibilities – LRT
$750M – Capital Cost
Fuel Revenue Indexing (FRI) for road improvement
costs only
–$125 million
Funding Possibilities – LRT
$750M – Capital Cost
Value Capture
– Capture the increased value from surrounding properties
for capital or operating costs
– Special Assessments
– Tax Increment, Property Tax & Sales Tax (Operating
Expenses)
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Funding Possibilities – LRT
$750M – Capital Cost
New Increment of Local Source Revenue
– Example: Sales Tax
– Potential 2020 ballot question
– Could fill the funding gap for capital and/or operating
costs
Funding Possibilities – LRT
Operating Cost
• Fare Revenue - $5.4 million
– Estimating increased ridership
• From 9,000 to 16,100 passenger trips daily
• Route 109 Subsidy - $3.4 million
• Gap to fill - $4.3 million
– Possibilities
• New Increment of Local Source Revenue
• Value Capture
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Maryland Parkway
Bus Rapid Transit (BRT) Funding$335 million Capital Cost
Conceptual Engineering Estimate
Funding Possibilities – BRT
$335M – Capital Cost
Federal Transit Administration (FTA) New Starts Grant
–Up to 49%
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Funding Possibilities – BRT
$335M – Capital Cost
Congestion Mitigation Air Quality (CMAQ) Funding
– $15.3 million for 3 years
– RTC Board and Executive Advisory Committee (EAC)
approval needed
Funding Possibilities – BRT
$335M – Capital Cost
Fuel Revenue Indexing (FRI) for road improvement
costs only
–$125 million
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Funding Possibilities – BRT
Operating Cost
• Fare Revenue - $4.5 million
– Estimating increased ridership
• From 9,000 to 13,300 passenger trips daily
• Route 109 Subsidy - $2.7 million
Item #7 - Upcoming Events
TRANSIT-ORIENTED
DEVELOPMENT ROUNDTABLE
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OPEN DISCUSSION
Item #8
Item #9
FINAL CITIZENS PARTICIPATION
4/9/2018
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