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Robin-Eve Jasper President, NoMa Business Improvement District

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Public-Private Partnership to Build a Metro Station in Washington DC. Robin-Eve Jasper President, NoMa Business Improvement District. NoMa: North of Massachusetts Avenue. Assets before 2004. Proximity to the US Capitol and Union Station Swampoodle legacy On DC Metro’s “Red Line”

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Presentation Transcript
slide1

Public-Private Partnership to Build a Metro Station in Washington DC

Robin-Eve Jasper

President, NoMa Business Improvement District

assets before 2004
Assets before 2004

Proximity to the US Capitol and Union Station

Swampoodle legacy

On DC Metro’s “Red Line”

Commuter rail

Metro stop at Union Station

6 million square feet of development

2

noma gallaudet u metro station
NoMa –Gallaudet U Metro Station

Public-private partnership began in 1998

Station opened in 2004

$120 M public/private investment

8,400 + daily ridership, increased from 2,100 in 2005

Fastest-growing ridership in the system

3

other key investment drivers
Other Key Investment Drivers

Large land tracts

Public transit/highway

C-3-C zoning; by right

TDRs

DC Growth

“Hole in the donut”

4

development 2005 2013
Development 2005 – 2013

$3 billion in private investment

8 million square feet of mixed use space

5.5 million square feet of office space

350,000 square feet of retail space

3,964 apartments (existing & under construction)

622 hotel rooms (existing & under construction)

5

noma tenants
NoMa Tenants

CareFirst Blue Cross/Blue Shield

CNN

Google

Kaiser Permanente

Mathematica Policy Research

NeighborWorks

NPR

Sirius XM

US Department of Justice

6

impact on dc economic growth
Impact on DC Economic Growth

1996: $5 million in real estate tax revenue to District government

First half of 2014: roughly $45 million in tax revenue to District government

New residents = income tax revenue

New businesses = sales tax revenue

Jobs - Jobs - Jobs

9

bid activities economic development
BID Activities: Economic Development

NoMa – Gallaudet U. Metro

Residential tax abatement

Nonprofit tax abatement

Harris Teeter incentive

NoMa parks funding - $50 million

NoMa parks foundation

10

bid activities events
BID Activities: Events

30+ free community events per year

5,000 at first annual NoMa Beer Fest

1,200+ at “Outlaw Hero” themed NoMa Summer Screen

23

bid activities clean and safe
BID Activities: Clean and Safe

Block by block trash pick-up

Mar-May 2013: 175,378 pounds

June-July 2013: 179,516 pounds

On-street recycling program

Neighborhood landscaping

12

bid activities marketing
BID Activities: Marketing

3,901 subscribers to bimonthly newsletter

Social media

@NoMaBID

Walking tours

Fence and street pole banners

13

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Robin-Eve Jasper

President, NoMa Business Improvement District

[email protected]

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