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
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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
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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
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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
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Roles in TOD Process
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Denver Union Station (DUS)
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Denver Union Station (DUS)
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Denver Union Station (DUS)
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DUS Construction Progress
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DUS and Private Development
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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
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Alameda Station Pilot
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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
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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
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“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
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QUESTIONS?Bill SiroisSenior Manager, Transit-Oriented Development and Planning [email protected]
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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