METRO Solutions by cYevV8B

VIEWS: 0 PAGES: 29

									      Urban Land Institute
  Transit Oriented Development
           Conference

Demographics Driving the Need
        for TOD &
  METRO Solutions Phase II


               Todd A. Mason
       Vice President - Real Estate Services
  Metropolitan Transit Authority of Harris County
     2003 - Defining the Need
• Traffic congestion is consistently a top
  public policy issue
• Houston area population gain of 2 Million
  over the next 20 years
• Viable corridor with large transit volume &
  transfers
• Starter system; Expansion possibilities
• Need for integration of city and regional
  transit services
Regional Population Growth




Source: (1970-1990) U.S. Bureau of Census, Profile of General Demographic Characteristics; (2000) U.S. Census Bureau,
         Census 2000 Summary File 2, current as of January 21, 2003; (2025) H-GAC-endorsed forecasts prepared by
         REMI Policy Insight, 2007-2030 Forecasts, January 9, 2003.
Regional Employment Growth




 Source: (1970-2000) U.S. Bureau of Census, Socioeconomic Characteristics, provided by H-GAC; (2007-2030) H-GAC-endorsed
         forecasts prepared by REMI Policy Insight, 2007-2030 Forecasts, January 9, 2003.
METRO Solutions Phase 1
   Main Street Line

 7.5 Miles – opened January
  2004

 CBD – 160,000+ jobs

 UH-D Campus – 12,000+
  students

 TMC – 90,000+ jobs

 Reliant Park – 5M+ visitors
  annually
       Key Guiding Principles
• Obtain the maximum reasonable federal funding
• Build more rapid transit rather than less
• Respect the evolving FTA criteria for funding
  approvals
• Conformance with the referendum
  – Corridors
  – Equivalency of service
  – Completion schedule
• Build sooner rather than later
Implementation Plan - Overview
                           $2 Billion
                    Advanced Transit Program




         $1.3 Billion                     $700 Million
   •Fixed guideway rapid transit        •Commuter Rail
       •Bus                             •HOT/HOV lanes
       •Rail                            •Transit Centers
                                        •Intermodal Facilities
                                        •Park & Rides
Implementation Plan - Overview
•    $1.3 billion for rapid transit breaks out as
     follows:

    1) 9 miles fixed guideway rail   $700 million (55%)

    2) 21 miles fixed guideway BRT   $578 million (45%)
Implementation Plan - Overview
• $700 million for other transit investment
  includes:
  – 28 miles of commuter rail
  – 40 miles of signature bus
  – 5 transit centers and an intermodal facility
  – 4 Park & Rides
  – Conversion to dual direction tolled facilities
  – Upgrades to Red Line to meet demand
  Implementation Plan - Detail
• Fixed guideway rail or bus
         The same level of service:
  – Travel at same speed in dedicated guideway
  – Same low floors, wide doors, spacious interior
  – Both physically guided into platform
  – Same station placement intervals
  – Ability to gain priority at traffic signals
  – Off-vehicle fare collection for faster boarding
  Implementation Plan - Detail
• Fixed guideway offers the potential for
  transit oriented development:
  – What drives development
     •   Level of service
     •   Quality of service
     •   Permanent infrastructure
     •   Not the vehicle
Main St. Corridor Development
    Completed Development
•   Hotel Icon – 220 Main St.
•   Bank Restaurant – 220 Main St.
•   Laidback Manor Restaurant – 706 Main
    St.
•   CVS Pharmacy – 917 Main St.
•   Corner Bakery Café – 1000 Main St.
•   Morris Architects – 1001 Fannin St.
•   Wilson, Cribbs & Goren, P.C. – 2500
    Fannin St
•   High Fashion Home – 3101 Travis
•   St. Lukes Hospital Admin Offices – 3100
    Main St.
•   Julia’s Bistro – 3722 Main St.
•   T’afia Restaurant – 3701 Travis


    Current Development
•   Houston Pavilions – 1201 Main St.
•   Archdiocese of Galveston-Houston Co-
    Cathedral of Sacred Heart – 1115 St.
    Joseph Pkwy.
•   Hotel ZaZa – 5701 Main St.
•   Hermann Hospital Prof. Building – 6410
    Fannin
•   METRO’s TMC T.C. Joint Development –
    Fannin @ Pressler
How does real estate create value?
• Approach Right-of-Way acquisition through new
  and innovative techniques in order to minimize
  the impact on the neighborhood
• Work with Planning & Engineering from the
  beginning to limit the number and size of takings
• Provide a strategic plan for Transit Oriented
  Development (TOD)
• Create opportunities for Public/Private
  Partnerships to develop TODs
Cypress Park & Ride Location
 TMC
Transit
Center
TMC Transit Center

								
To top