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Regional Transportation & Land Use IREM / BOMA Real Estate Forecast Breakfast 2009

Regional Transportation & Land Use IREM / BOMA Real Estate Forecast Breakfast 2009. Rich Macias, Director Regional & Comprehensive Planning Southern California Association of Governments January 29, 2009. Largest Metropolitan Planning Organization in US 6 counties

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Regional Transportation & Land Use IREM / BOMA Real Estate Forecast Breakfast 2009

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  1. Regional Transportation & Land Use IREM / BOMAReal Estate Forecast Breakfast 2009 Rich Macias, DirectorRegional & Comprehensive PlanningSouthern California Association of GovernmentsJanuary 29, 2009

  2. Largest Metropolitan Planning Organization in US 6 counties 188 cities18.5 million people8 million jobs

  3. Demographic Trends SCAG region is expected to add 5.5 million persons between 2008 and 2035: • Growth concentrated in 15-34 and 55+ age groups leading to a greater “dependent population” • Immigrants and their children will replace aging baby boomers in workforce Both trends will transform the region’s housing and labor markets and require policy and industry responses.

  4. Southern California’sEconomy & Quality of Life -Challenged by: Air Quality &Public Health Traffic &Infrastructure Housing Affordability

  5. New Challenge: Climate Change A.B. 32 & S.B. 375: New mandates fortransportation & land use planning Future growth will need to utilize transportation system more efficiently to: - Reduce Vehicle Miles Traveled (VMT) - Reduce G.H.G. Emissions

  6. Regional Planning Response • Targeted infrastructure investments • Innovative financing methods • Coordinated land use planning

  7. Infrastructure Investments2008 Regional Transportation Plan $531.5 billion • Highways – close gaps & add lanes • Transit & Rail – move people efficiently • Goods Movement – move freight faster & cleaner (nominal dollars)

  8. 2. Innovative Financing New$120.1B(23%) Federal$41.6B(8%) Local$286.5B(54%) State$83.4B(16%) $531.5 Billion (Nominal)FY2007 – FY2036 (Note: Numbers may not add due to rounding)

  9. Major New Revenue Sources $120.1 billion(23%)

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