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    Union Station, Los Angeles

    Dec. 4-9, 2011

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    9/11About the Urban Land Institute

    The mission of the Urban Land Institute

    is to provide leadership in theresponsible use of land and in creatingand sustaining thriving communitiesworldwide.

    ULI is a membership organization withnearly 30,000 members worldwiderepresenting the spectrum of real estate

    development, land use planning andfinancial disciplines, working in privateenterprise and public service.

    ULI started the Advisory ServicesProgram in 1947; we conduct 15 - 20panels a year on a variety of land use

    subjects. We provide independent,objective,` candid advice on importantland use and real estate issues.

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    9/11The Panelists

    Chair Charles Kendrick,

    Managing Director, ClarionVentures, LLC, Andover, Mass.

    Jennifer Ball, Vice President ofPlanning, Central Atlanta

    Progress, Atlanta, Georgia

    Kenneth Ho, DevelopmentManager, Trammell CrowCompany, Denver, Colo.

    Todd Johnson, Principal, DesignWorkshop, Inc., Denver, Colo.

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    9/11 The Panelists

    Bill Kistler, Senior Client Partner Real

    Estate/EMEA, Korn/Ferry International,London, United Kingdom

    Bill Lawrence, Director, ConsultingServices, TR Advisors, LLC, Boston,

    Mass.

    Amy Neches, Manager, Project AreaPlanning and Development, SanFrancisco Redevelopment Agency, SanFrancisco, Calif.

    Mary Smith, Senior Vice President,Walker Parking Consultants/Engineers,Indianapolis, Ind.

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    9/11 The Panel Assignment

    Union Station

    Gateway to the city of LosAngeles

    Rapidly growing as a majorregional transportation hub forSouthern California

    Consider how the growth of thestation can be a catalyst forpositive change in adjacentneighborhoods

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    9/11Union Station Study Are

    a

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    Constraints/Issues

    Overall economicconditions

    Large-scaleindustrial/institutionaluses

    High-speed raillocation uncertainty

    Freeway corridor

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    9/11 Lots of Projects

    Civic Crossroads Park/Broad/Grand

    Spring and Main to CesarChavez

    Hall of Justice El Pueblo Pedestrian

    Improvements

    Cesar Chavez AveStreetscape

    Chinatown residential Blossom Plaza

    Central Avenue Park

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    and Grand Ideas

    Regional Connector Park 101

    Union Station

    High-Speed Rail LA River Master

    Plan

    Cleantech Corridor

    Cornfields /ArroyoSeco

    First Street Now!

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    9/11 The Big Gap: Connectivity

    Pedestrian Experience

    To El Pueblo

    To Chinatown

    To Civic Center

    To Little Tokyo

    To Arts District

    To LA River

    To Boyle Heights

    Safety/Security

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    9/11 Connectivity

    The key toovercomingconnectivityissues is not

    merely signsandstreetscape,but activity

    a.k.a.development

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    9/11 Current Conditions

    500 acres (3/4 square mile)

    Specific plan for Metro: 40 acres

    RFP on Specific Area Master Plan

    Metro and MWD Headquarters: 1.1 million sf 278-unit apartment complex

    Metro and City of Los Angeles jurisdiction

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    9/11World Class Transit Hub

    Union Stations Many Assets

    Historic architecture

    80,000 - 100,000passengers/day

    7 Metro lines at buildout

    1,000 buses/day

    Amtrak rail/bus

    Metrolink

    6 million SF 4,700 parking spaces

    High-speed rail

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    9/11Area Demographics mile

    2008 1,000 households

    960 businesses

    20,000 employees

    6,600 correctionalpopulation

    Source: ESRI

    2035

    7,300 households

    17,000 population

    35,000 employees

    Source: SCAG

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    9/11 Paradigm Shift in Downtown LA

    20,000 residential unitsSouth Park

    Young professionals

    Entertainment L.A. Live

    Authenticity

    Cultural diversity

    Transit access

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    9/11 Development Opportunities

    Short-Term Opportunities

    Housing for youngprofessionals

    Ground floor retail

    One big box retail

    120-bed limited servicehotel

    Top Golf (10-15 acres)

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    Longer Term Opportunities

    Office space

    More hotel space

    Higher density residential Higher passenger

    volumes

    Synergy among uses

    Development Opportunities

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    9/11 The Power of Vision

    Engage stakeholders

    Physical, policy, commercial and social

    Suspend disbelief

    Think big

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    9/11 Back to the Future

    Public transportationdominated

    Encourageddevelopment ofdowntown as hub

    Sustainable

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    9/11 Exodus and Decline

    Abandoned publictransportation

    Automobiledependent

    Accelerateddecentralization

    Encouraged sprawl

    Unsustainable!

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    9/11 Renaissance

    Creating new

    opportunities Enabled by transit

    investment

    Bringing jobs and

    residents back to center A catalyst for

    development

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    9/11 Unique Potential

    Pueblo

    ChinatownExisting Assets

    Little Tokyo

    Future Opportunity

    Union Station

    Market Proximity

    Civic Center

    Downtown

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    9/11 Shaping the Vision

    A model of sustainable development that capitalizes onproximity to the hub of regional transportation

    A place that can accommodate a wide range of uses,attract new jobs and significant investment

    A compelling community where people want to live andwork

    A unique and coherent destination to attract visitorsdowntown

    An amenity for those who work in the Civic Center anddowntown

    A new heart for the city of Los Angeles

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    9/11 Benefits

    Existing business owners benefit from increased

    demand and a more diversified market

    Residents benefit from the investment in a quality publicrealm and additional amenities in the area

    Commuters benefit from the addition of new activities

    and venues in and around the station

    Southern California gains an important attraction easilyaccessed from all points in the region

    Metro enhances value of Union Station to investors,

    developers and occupiers

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    9/11 Study Area Development Potential

    Area has many vacant and under-developed parcels,many public, some private

    Current burden = future opportunity

    Long-term potential for substantial and sustainablegrowth in LA for jobs and housing, both on and offUnion Station

    This growth and development can create connectionsto existing communities through densificationfillingin the gaps and by improving the pedestrian

    experience

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    9/11 Start with the Core

    Metro will pursue its sites over timegreat location for

    jobs, but when? Outside the station, start now on publicly-owned sites

    close to Union Stationwest toward Hill Street, northof the 101 freeway

    Start with economically viable uses that will attract newpopulation

    Mixed-use developmentresidential over retail

    Support El Pueblo historic district

    Create connections to Chinatown

    LA Mall sitekey connection to Civic Center

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    9/11 Core Development Sites

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    9/11 Civic Crossroads Plan2008

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    9/11 Longer-Term Opportunities

    Infill sites within existing communitiesresidential/mixed-use development in response tomarket demand

    Mangrove site

    Chinatown sites

    Major sitesincluding soft public sitesprovide a landbank for future development to support public goals,especially job creation

    Terminal Annex Site

    Cornfields Arroyo Seco area Piper Tech complex

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    9/11 Study Area Development Sites

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    9/11 Transit and Development

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    9/11A New Nucleus for Civic Activity

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    9/11 Define a Civic Destination

    with Open Space Improvements

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    9/11Activated Public Spaces

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    9/11 ProgrammedOpen Spaces

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    9/11 Activate and Reinforce the Destination

    With Development Sites

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    9/11

    Invigorated Nucleus

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    9/11 Existing Plans and Projects

    Central City North CommunityPlan

    Chinatown Gateway: LA Civic Center Shared Facilitiesand Enhancement Plans

    Alameda District Special Plan Chinatown Metro Apartments: Los Angeles River Master Plan

    Union Station Development

    AgreementMangrove Estates EIR First Street Now!

    Union Station Master Plan Central Avenue Park SCAG Park 101 Feasibility Study

    Center City Community PlanCesar Chavez Avenue Streetscape

    ProjectChinatown Cultural Capital Plan

    Civic Crossroads Master PlanEl Pueblo de Los Angeles State Historic

    Park Pedestrian Improvements ProjectSCAG Park 101 Feasibility Study

    LA Civic Center Shared Facilities

    and Enhancement PlansCounty Hall of Justice Chinatown Cultural Capital Plan

    Los Angeles River Master Plan MOCA Expansion Project for Public Spaces

    First Street Now!Ord/Yale Street Pedestrian Linkages

    Project:

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    9/11 Metro Purchase

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    9/11 Implementation

    Union Station Building

    Property management

    Leasing agent

    Union Station Site ownedby Metro

    Owners representative to

    manage implementationof the Master Plan

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    9/11 Implementation

    Study Area

    Facilitate inter-agency collaboration

    Remove barriers to development

    Encourage redevelopment of the public

    realm and vacant publicly-owned land Meet regularly - Consistent

    communication is important for developing

    trust

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    9/11 Implementation

    Identify development tools in use inother areas in LA

    Transit specific entitlement program

    Specific Area Plans Programmatic EIRS

    Transfers of Development Rights

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    9/11 Potential Funding Sources

    Consider Community Redevelopment

    Agency Infrastructure Facilities District

    Measure R transit area planningfunds

    Non-contiguous CFD District forpublic and privately-owned land

    available for development

    C

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    9/11Central Platte Valley 1960s

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    9/11 Connectivity and Amenities

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    9/11

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    9/11 Current Master Plan

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    9/11 Transportation Infrastructure

    $491 million investment intransit infrastructure

    8 heavy rail tracksserving commuter rail andAmtrak

    2 light rail tracks 22 underground bus bays

    for RTD and free shuttlebuses

    DUSPA managedfinancing, design,construction andmaintenance of transitinfrastructure

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    9/11 Current Conditions

    Q i ?

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    9/11 Questions?