NAIOP – MD/DCThe Public Sector Impact on

Real Estate in 2010 February 24, 2010

Andrew J. ScottSpecial Assistant to the Secretary for

Economic DevelopmentMaryland Department of Transportation

• Updates– ICC– Purple Line– Corridor Cities Transitway– Funding

• Transit Oriented Development

33

68% Complete68% Complete68% Complete68% Complete

29% Complete29% Complete29% Complete29% Complete

54% Complete54% Complete54% Complete54% Complete

Purple Line• 16-mile east-west 16-mile east-west

light rail line light rail line extending from extending from Bethesda in to Bethesda in to New CarrolltonNew Carrollton

• Connects Connects – 4 branches of the 4 branches of the

Metrorail systemMetrorail system

– 3 MARC commuter 3 MARC commuter rail lines and rail lines and Amtrak’s Northeast Amtrak’s Northeast CorridorCorridor

– local bus routeslocal bus routes

Arliss

/Lon

g Bra

nch

Takom

a/Lan

gley

East C

ampus

Riverdale P

ark

Bethesda

Silver SpringConnecting Places

Chevy Chase Lake

New CarrolltonFe

nton

Vill

age

Fenton Village

UMD – Campus Ctr.

5

Corridor Cities Transitway

•Part of I-270 Multi-modal Corridor Study

•17 stations, 14 miles

•Alternatives include Light Rail Transit (LRT), Bus Rapid Transit (BRT)

•Gaithersburg West Sector Plan-“Science City” – Hopkins live/work center

•Selection of Locally Preferred Alternative

Transportation Funding

• Economic downturn severely impacted the State’s transportation program

• People buying fewer cars, driving less– Titling tax, gas tax

• Deferrals of 20% of our capital program– Maintaining a $9.1 billion 6-year program

American Recovery and Reinvestment Act

• Maryland ARRA strategy– “Fix it first”– Smaller, quicker to

implement projects– Accountability– Compete for

discretionary $$$s

Capital Deferrals v. Recovery Apportionment to Maryland

$0

$500

$1,000

$1,500

$2,000

$2,500

CTP Deferrals MD share of formula funds under P.L. 111-5

Mill

ion

s o

f D

olla

rs

P.L. 111-5, "The American Recovery and Reinvestment Act" (2009)Second Round - $1.1 B Deferred from FY09-14 CTPFirst Round - $1.1 B Deferred from FY09-14 CTP

$2.2 B total

$1.1 B Second Round

$1.1 B First Round

$610 M

29% of Total CTP Deferrals

Maryland ranked #1 in reporting spending

Met 50% deadline 3 months ahead of schedule

Transit Oriented Development

– TOD requires support of many actors: developers, local government, transit agencies, community

– State aggressively supporting: Smart, Green & Growing

Concentrating jobs, housing, retail within walking distance to transit stations; creating vibrant communities.

The State’s interest in TOD

• Critical component for transportation & sustainability– 1.1 million new residents projected by 2030

• Will consume 650,000 acres of open space• Could be accommodated at Maryland’s transit

stations

– Leverage billions of dollars in transit infrastructure

Percentage Growth in Maryland 1990-2006

0

5

10

15

20

25

30

35

40

45

Total road miles Population Vehicle Miles Traveled

Transportation benefits

• People living in walking distance to transit are up to 5 times more likely to ride it

• Families in TOD’s drive an estimated 40-60% less

TOD initiatives

• State legislation in 2008 – TOD is part of MDOT’s mission!

• Tools – MDOT resources – Maryland Economic Development Corporation– Predevelopment planning, feasibility funding– Priority for the location of State offices and labs,

under Governor O’Malley’s Executive Order– Sustainable Communities Act of 2010 – Heritage Tax

Credit– Priority consideration for Smart Growth programs

Support TOD projects

• Joint Development – MDOT Office of Real Estate– WMATA Joint Development Program

• Guidelines• Policy emphasis by Maryland• New direction/leadership

• Work with public and private– ½ mile of transit station – part of a plan to

encourage walking and transit ridership

Transportation & Economic Development

• JOBS

• JOBS

• JOBS

Thank You!

Andrew J. Scott

Special Assistant to the Secretary for Economic Development

Maryland Department of Transportation

ascott@mdot.state.md.us

www.marylandtransportation.com

410-865-1095