january 9 2008january 9, 20082007-2008 transportation priorities current projects-north tarrant...
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January 9 2008January 9, 2008
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The Mobility CrisisThe Mobility Crisis
The problem is:The problem is: We can’t afford it
W d $130 billi th t 20We need $130 billion over the next 20 years to maintain and expand our transportation
i f t tinfrastructure.
• We’re currently $59 billion short.
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What Are We Doing About the M bili C i i ?Mobility Crisis?
We have a plan:pMetropolitan Mobility Plan 2030
• Adds 3,444 miles of new freeway and tollway lanes
• Adds 626 miles of managed lanes
• Adds 397 miles of rail service
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Transportation Update2007-2008 Transportation Priorities
Current Projectsj-North Tarrant Express
Direct Impact ProjectsDirect Impact Projects-Alliance Area (SH 114W, 35W north of SH 114, Alliance Airport)-SH 170-North Fort Worth Arterials-US Hwy 287
Regional Projects-Regional Commuter Rail-Tower 55
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North Tarrant ExpressStrategic Initiatives: Transportation
First segment completed as soon as 2011
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AFW Runway Extension
Strategic Initiatives: Transportation
AFW Runway Extension
Funds to Date: $59,040,865
• 2007 Grant: $10,000,000
2006 G $10 000 000• 2006 Grant: $10,000,000
• 2005 Transportation Earmark: $6,500,000
T t C t B d F d• Tarrant County Bond Funds: $5,100,000
Status
S d E th k P k• Second Earthwork Package- Completion 12.17.06
• FM 156 Relocation- Bid letting 12.29.07Bid letting 12.29.07- Completion 6.30.09
• BNSF Railroad- Westside alternative
d di i AFW at 13 000 feetunder discussion AFW at 13,000 feet
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Alli Gl b l L i ti H b
Strategic Initiatives: Transportation
Alliance Global Logistics Hub
• 587,274 lifts for 2006
• 1 million lifts expected by 2011
• BNSF Railway plannedBNSF Railway planned improvements to increase capacity to 2 million lifts
• Container yard planned
• New “Through the Fence” trans-load facilities
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AllianceTexas Statistics
Overview
• $6.5 billion invested
• $31.3 billion economic impact
• 28 million SF developed
• 150+ corporate residents
• 65+ companies listed on the• 65+ companies listed on the Fortune 500, Global 500 or Forbes’ List of Top Private Firms
• 27 000+ employees• 27,000+ employees
• 6,200+ homes built
AllianceTexas Corporate Base
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Economic Impact
Total Investment = $6 5 BillionPublic & Private Investment
$7.0sTotal Investment = $6.5 Billion
For every $1 dollar of public investment, the private sector has invested $18.
Public & Private Investment
$6.0
$7.0
Bill
ions $6.2 Billion (94.71%)
$4.0
$5.0
B
Private
$2 0
$3.0PrivatePublic
$1.0
$2.0
$347 9 Million (5 29%)$0.0
Investment
$347.9 Million (5.29%)
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Economic Impact
2006Property Taxes Paid
$12
Mill
ions
2006
$80,633,007$537.5 MillionCumulative 1990 - 2006
$
$10
M
$6
$8
$4
$2 1990
$223 010
Direct Property Taxes Paid to Fort Worth$0
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
$223,010
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Alliance
Alliance Gateway 72
Alliance Gateway 52250,000 SF Available
Alliance Gateway 72472,500 SF Available
Alliance Gateway 23142,500 SF Available
Alliance Gateway 18399,000 SF Available
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Alliance
99,000 SF Available
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Strategic Initiatives: Transportation
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Strategic Initiatives: Transportation
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Alliance Town Center - Opening ScheduleStrategic Initiatives: Transportation
• JCPenney, Hobby Lobby, Cheddar’s, Wells Fargo – Now Open
• Best Buy, Belk – Under Construction; Sam Moon – Summer 2008
• Many well known stores in progress• Many well known stores in progress
Date of Photo: Sept 14 2007N
Date of Photo: Sept. 14, 2007
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Office Development
Strategic Initiatives: Transportation
O ce e e op e t
• New office resident: Mercedes Financial
• Heritage Commons I - III office complex now i l d D Cincludes DynCorp International, Hillwood, Mercedes Financial and Tarrant County CollegeTarrant County College
• Next: Heritage Commons IV
Photo Date: Sept. 14, 2007
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Strategic Initiatives: Transportation
Ne Constr ction in Fort WorthNew Construction in Fort Worth
• Heritage Commons II – Complete
• Alliance Gateway 23 – Complete
• Alliance Gateway 18 – In progressAlliance Gateway 18 In progress
• Alliance Gateway 52 – In progress
• Westport 20 – To Begin
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Thank You!Thank You!