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Part II: Case Studies

Part II: Case Studies. Arlington, VA: Transit-oriented Development Boosts Economy County-wide. Portland, OR: Streetcar Increases Investment and Redevelopment Activity Atlanta, GA: Public Investment in Livability Centers Attracts Jobs and Private Capital

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Part II: Case Studies

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  1. Part II: Case Studies • Arlington, VA: Transit-oriented Development Boosts Economy County-wide. • Portland, OR: Streetcar Increases Investment and Redevelopment Activity • Atlanta, GA: Public Investment in Livability Centers Attracts Jobs and Private Capital • Silver Spring, MD: Green Tape Removes Barriers to Investment Downtown • Greensboro, NC: Southside Neighborhood Revitalization Increases Tax Revenue • Lakewood, CO: New Town Center Attracts Investment • New Jersey: Hudson Bergen Light Rail Provides Opportunity for New Transit Oriented Development • Dallas, TX: Regional Light Rail Generates Property and Sales Taxes • Washington, DC: Main Street Improvements Attract New Jobs

  2. Arlington, VATransit-oriented Development Boosts Economy County-wide.

  3. Arlington:Rosslyn-Ballston Corridor Map

  4. Arlington: Focused Density Maximizes Returns from Transit Infrastructure M Lower Density Zoning M Lower Density Zoning M M M

  5. Arlington:Public Transportation Investments Increase Property Values • Assessed value of land around stations increased 81% in 10 years. • Areas surrounding the corridor’s five stations had seen construction of more than 26,000 new housing units and 21 million sq. ft of office space and 2.8 million square feet of retail space. • 8% of county land now generates 33% of county revenues -- allowing Arlington to have the lowest property tax in Northern VA. • 50% of residents take transit to work; 73% walk to Metro stations; development has generated only modest increases in traffic.

  6. Portland, OR:Streetcar Increases Investment and Redevelopment Activity

  7. Portland:Planned Streetcar Attracts Developers’ to Emerging Downtown Neighborhood

  8. Portland:Streetcar Creates Value by Supporting Density • 10,000 housing units and 5.4 million sq. ft. of commercial space constructed within two blocks of the line. • 1,795% return on public investment on the initial 4.8 line and 7,501% return on the subsequent 1.2 mile extension. • Within the Pearl District, which is served by the street car, Developers initially agreed to build 50,000 housing units in 50 years. This goal was met in 10 years.

  9. Portland:Brewery Blocks, a mixed use development, is among the strongest urban retail markets in Portland • $8 million in public investment and $292 million in private investment: 36:1 ratio. • Land value has increased by 488%. • Property tax revenue has increased over $1.3 million.

  10. Atlanta, GA:Public Investment in Livability Centers Attracts Jobs and Private Capital $140 million in public dollars spent on some 50 “livability centers” as follows: • Pedestrian-only Facilities (58%) • Multi-Use Trails (6%) • Bikeway/Pedway Facilities (14%) • Roadways (12%) • Transit Facilities (9%) The investment is estimated to have leveraged $25 billion in private investment and attracted 150,000 jobs to these centers. Livability Centers are less than 10% of total land area, but in the 2000s, they accounted for 33% of residential and more than 50% of commercial development.

  11. Silver Spring, MD:Green Tape Removes Barriers to Investment Downtown Silver Spring, MD created a “Green Tape Zone—where the “red tape” typical of the planning process was reduced—to facilitate downtown redevelopment. • $1.4 billion private investment • 800,000 square feet of office space and 2700 residences • 1500 new jobs during first phase of redevelopment (2000-2005).

  12. Greensboro, NC:Southside Neighborhood Revitalization Increases Tax Revenue Annual tax base in this area went from $400K before redevelopment (1995) to over $10 million after redevelopment (2003) Southside benefited from a general downtown renaissance, but also helped to give momentum to that turnaround.

  13. Lakewood, CO:New Town Center Attracts Investment

  14. New Jersey:Hudson Bergen Light Rail Provides Opportunity for New Transit Oriented Development Within 8 years of opening, more than 10,000 units of new housing, worth $5.3 billion, had been constructed in 5 station areas.

  15. Within 7 years of opening, more than $4.2 billion of development directly attributable to DART had been constructed, generating $78.4 million in property tax and $48.1 million in sales tax revenues annually. Dallas, TX:Regional Light Rail Generates Property and Sales Taxes

  16. Washington, DC:Main Street Improvements Attract New Jobs • 44 new businesses • 200 new jobs • Tripled economic activity in the first 7 years

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