the denver fastracks story
TRANSCRIPT
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Place-Based Economic Development The Denver FasTracks Story
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The twenty-first
The twentieth century
Century
was about getting around.
will be about staying in
a place worth staying in. James Howard Kunstler
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Why Place Matters
• Value Capture of Place • Aesthetics of Place
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Reconnecting America
Value Capture & TOD
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TOD Principles
• Greater density than community average
• Quality pedestrian environment
• Each node is unique
• A mix of uses & prices
• Community vision
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Denver’s Transportation History
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RTD Policy on Transit-Oriented Development • Reflect federal emphasis
on livable communities • Broaden definition of
success from ridership and revenue to ridership, revenue, and fostering livable communities
• Mixed-income housing policy
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What’s the First step?
• What would a PPP look like? – Development that occurs on
and adjacent to RTD property – Requires coordination between
RTD and a private entity • What does a transit system get out
of it? – Increased ridership – Enhanced transit infrastructure – Help create livable
communities
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RTD’s TOD Pilot Program
• Test out new tools to foster livable communities • Strategic use of parking replacement, new land valuation
strategies, partnerships, and grant funding • Provide flexibility where appropriate:
– Reduce or relocate parking in some individual situations – Use land as equity in partnership w/ others consistent with
FTA guidelines – Seek grant funding for TODs with an emphasis on
community – Joint venture with other government agencies on
development offerings
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Criteria for Pilot Projects • Within existing or funded rail
corridor • Ability for RTD to help
“nudge” development • TOD plan in place • Commitment by local
jurisdiction • Commitment by
developer/property owner • Market potential
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TOD Design Criteria
• Organize & orient the TOD site
• Design for compact & mixed use development
• Create a high quality pedestrian-oriented environment
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TOD Design Criteria
• Utilize the street grid to connect & provide access
• Support mixed income housing
• Exhibit political support and partnerships
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TOD Design Criteria
• Strategically manage parking
• Demonstrate successful TOD at all development phases
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Active TOD Projects
• Alameda Station Village • Olde Town Arvada • Denver Union Station
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Alameda Station Village
RTD
RTD Site
Bus Barn
RTD
T Denver Design District
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Olde Town Arvada
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Denver Union Station
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DUS Private Development Potential Feasibility Study 2009 – 2019 As of June, 2012 Uses Absorption Range (Lo/Hi) Actual Absorption/Plus Under Design) Office 418,000 – 628,000 SF 856,600 – 1,620,400 SF Retail 193,000 – 245,000 SF 49,300 – 162,400 SF Commercial 611,000 – 873,000 SF 905,900 – 1,782,800 SF Hotel (2019 – 2024 time frame) 130 rooms Residential 1,520 - 1,930 units 500 – 1,250 units
Note: Current actual projects include 2,240 parking spaces
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Tools for Success
• Find a Champion • Build Partnerships • Connect Land Use +
Transportation • Know the Market • Think Multimodal • Be Layered
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the people?
What is the city but
William
Shakespeare
