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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

Regional Transportation & Land Use

IREM / BOMAReal Estate Forecast Breakfast 2009

Rich Macias, DirectorRegional & Comprehensive PlanningSouthern California Association of GovernmentsJanuary 29, 2009


Regional transportation land use irem boma real estate forecast breakfast 2009

Largest Metropolitan Planning Organization in US

6 counties

188 cities18.5 million people8 million jobs


Regional transportation land use irem boma real estate forecast breakfast 2009

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.


Regional transportation land use irem boma real estate forecast breakfast 2009

Southern California’sEconomy & Quality of Life -Challenged by:

Air Quality &Public Health

Traffic &Infrastructure

Housing Affordability


Regional transportation land use irem boma real estate forecast breakfast 2009

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


Regional transportation land use irem boma real estate forecast breakfast 2009

Regional Planning Response

  • Targeted infrastructure investments

  • Innovative financing methods

  • Coordinated land use planning


Infrastructure investments 2008 regional transportation plan
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)


Regional transportation land use irem boma real estate forecast breakfast 2009

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)


Regional transportation land use irem boma real estate forecast breakfast 2009

Major New Revenue Sources

$120.1 billion(23%)