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Denver RTD and Its Role in TOD

Denver RTD and Its Role in TOD. ULI Cleveland - Moving the Needle: A National and Local Perspective on Transit Oriented Developments June 26, 2013. The Regional Transportation District . Created in 1969 Eight-county service area Service area: 2,380 square miles 2.8 million population

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Denver RTD and Its Role in TOD

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  1. Denver RTD and Its Role in TOD ULI Cleveland - Moving the Needle: A National and Local Perspective on Transit Oriented Developments June 26, 2013

  2. The Regional Transportation District • Created in 1969 • Eight-county service area • Service area: 2,380 square miles • 2.8 million population • 15 elected Board members • 1 percent sales tax • .6 base system • .4 FasTracks • 2,415 employees

  3. The RTD FasTracks Plan • 122 miles of new light rail and commuter rail • 18 miles of Bus Rapid Transit (BRT) service • 31 new Park-n-Rides; more than 21,000 new parking spaces • Redevelopment of Denver Union Station • 50+ new rail and/or BRT stations for Transit Oriented Communities opportunities

  4. Roles in TOD Process

  5. Denver Union Station (DUS)

  6. Denver Union Station (DUS)

  7. Denver Union Station (DUS)

  8. DUS Construction Progress

  9. DUS and Private Development

  10. TOD Pilot Program • Proactively work on fostering livable communities by testing an expanded role for RTD in facilitating TOD • Develop “model” TOD projects for the region

  11. Alameda Station Pilot

  12. Alameda Station Pilot • Transition from park-n-Ride station to neighborhood station • Goal established from station area plan • Strategically manage parking • Design in line with current trends and encourages transit ridership • 1 parking space/unit • Smaller units • First example outside CBD • Anticipate closing and breaking ground Q3 2013

  13. Eagle P3 Project • East Rail Line, Gold Line, Northwest Rail Westminster Segment and commuter rail maintenance facility • Project Funding – $2.2 billion • Nearly $500M in private equity • $1.03 billion funded by federal grant • Opening 2016

  14. “Words of Wisdom” • P3s are the way of the future for transit • TODs require partnership between local jurisdiction, transit agency and developer • Need to focus/prioritize on projects that can be successful • Need to be open to innovation and new ways of approaching projects

  15. QUESTIONS? Bill Sirois Senior Manager, Transit-Oriented Development and Planning Coordination 303.299.2417 William.Sirois@RTD-Denver.com

  16. DUS Financing

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