denver rtd and its role in tod
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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 - PowerPoint PPT PresentationTRANSCRIPT
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 [email protected]
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