international drive cra fy 2008-09 budget worksession july 21, 2008

INTERNATIONAL DRIVE CRA

FY 2008-09Budget Worksession

July 21, 2008

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

• I-Drive CRA Created in 1998

• Finding of Transportation-Related Blight

BACKGROUND

BACKGROUND

• Community Redevelopment Plan Adopted

• CRA Trust Fund Created

• CRA Advisory Committee Formed in 2002

BACKGROUND

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

• Recommends Priorities for Expenditure of Trust Fund

• Recommends Projects for Inclusion in Redevelopment Plan

• BCC has Final Approval of Expenditures

CRA ADVISORY COMMITTEE

• International Drive Master Transit and Improvement District

• International Drive Resort Area Chamber of Commerce

• ETC of Central Florida, Inc.

• Tangelo Park Civic Association

• Universal Boulevard POA

• 2 At-Large Representatives

CRA ADVISORY COMMITTEE

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

• I-Drive Resort Area Directional Signage

• SCOOT System

– Phase 1

– Phase 2

• N. International Drive Sidewalk Improvements

COMPLETED PROJECTS

COMPLETED PROJECTS

• Tangelo Park Traffic Calming

• Westwood Boulevard Pedestrian Improvements

• Pedestrian Assessment

COMPLETED PROJECTS

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

Summary:Summary:

Capital Improvement Projects $13.6MCapital Improvement Projects $13.6M

Future Capital OutlayFuture Capital Outlay $3.0M$3.0M

Total:Total: $16.6M $16.6M

PROPOSED FY 2008-09 BUDGET

• Background

• CRA Advisory Committee

• Completed Projects

• Proposed FY 2008-09 Budget

• Budget Overview

PRESENTATION OUTLINE

• BCC/CRA Approved Capital Program on BCC/CRA Approved Capital Program on September 12, 2006September 12, 2006

– John Young Parkway John Young Parkway

– John Young ConnectorJohn Young Connector

– International DriveInternational Drive

• 100% of Incremental Tax Revenue100% of Incremental Tax Revenue

• Cash Funding over 5-year periodCash Funding over 5-year period

BUDGET OVERVIEW

John Young Parkway John Young Parkway

BUDGET OVERVIEW

BUDGET OVERVIEW

John Young Parkway - $3.8MJohn Young Parkway - $3.8M

• Widen From 4 to 6 LanesWiden From 4 to 6 Lanes

• Add Continuous Right Turn LanesAdd Continuous Right Turn Lanes

• SR 528 to Commodity CircleSR 528 to Commodity Circle

• Design-BuildDesign-Build

John Young ConnectorJohn Young Connector

BUDGET OVERVIEW

John Young Connector - $4.9MJohn Young Connector - $4.9M

BUDGET OVERVIEW

• New 4-Lane RoadwayNew 4-Lane Roadway

• International Drive to John Young International Drive to John Young ParkwayParkway

• Enhanced Convention Center AccessEnhanced Convention Center Access

• Public/Private PartnershipPublic/Private Partnership

• ConstructionConstruction

International DriveInternational Drive

BUDGET OVERVIEW

International Drive - $4.8M

BUDGET OVERVIEW

• Widen From 4 to 6 Lanes Widen From 4 to 6 Lanes

• Westwood Boulevard (S) to Westwood Boulevard (S) to Westwood Boulevard (N)Westwood Boulevard (N)

• Intersection Improvements at Intersection Improvements at Central Florida ParkwayCentral Florida Parkway

• Design-BuildDesign-Build

• Proposed FY 2008-09 Budget Proposed FY 2008-09 Budget continues funding the continues funding the approved Capital Programapproved Capital Program

– John Young Parkway: $3.8MJohn Young Parkway: $3.8M

– John Young Connector: $4.9MJohn Young Connector: $4.9M

– International Drive: $4.8MInternational Drive: $4.8M

– Future Capital Outlay: $3.0MFuture Capital Outlay: $3.0M

BUDGET OVERVIEW

INTERNATIONAL DRIVE CRA

FY 2008-09Budget Worksession

July 21, 2008