Cotton Belt. Innovative Financing Options for Regional Rail Southwestern Rail Conference January 28, 2011. Cotton Belt Corridor. Cotton Belt History. 1983 DART Service Plan Included the Cotton Belt. 1990 DART Purchases Cotton Belt. 2002 DFW Airport Undertakes Rail Access Study.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Innovative Financing Options
for Regional Rail
Southwestern Rail Conference
January 28, 2011
DART Sales Tax Trending Down
All Must Be On “Same Page”
Historically Regionalism Resulted in Major Successes – D/FW Airport
Cotton Belt Potentially Template for Realization of Broader Rail North Texas Plan
Timely and Necessary
iFi Promises to be New Funding Paradigm
All Must Be On “Same Page”
Historically Regionalism Resulted In Major Successes Such As DFW Airport
Cotton Belt Potentially Initial Template For Realization of Broader Rail North Texas Plan
Started with 130 Potential Revenue Sources
Analyzed the Corridor
Interviewed Potential Investors
Considered Policy Implications
Analyzing Viable Set of Sources
Value After Termination
Baseline Property Value
Buffers Instead of Transitions
Lack of a Transportation Network
Not Pedestrian-friendly, Not Transit-friendly
Narrowly Stratified Market
Value Drops When The Intended Use No Longer Viable
Transitions Instead of Buffers
A Network of Transportation, Encouraging Choice
Broad Market (Age, Socio-economic, Race, Marital Status, etc.)
Designed To Endure
Value Holds When The Current Use Is No Longer Viable
The long term impact of delinking design of transportation and cities
is pulling the current American funding system down onto its last leg.
40 million housing transactions expected over the next 40 years, providing an opportunity to speak to the new generation who want urban living
Millennials and Boomers
Clarendon, Arlington VA
Recently in the Wall Street Journal –
“Gen Y housing preferences are the subject
of at least two panels at this week's [NAHB]convention.
A key finding: They want to walk everywhere. Melina Duggal, a principal with adviser RCLCO, [said a] whopping 88% want to be in an urban setting; but since cities themselves can be so expensive, places with shopping, dining and transit such as Bethesda and Arlington in the DC suburbs will do just fine.”
31% of taxbase
In 7% Land Area
Structuring Greater Value Aggregation
Potential Investors Confirm Value Capture Approach Is Sound and Viable
Courtesy of GFF and Gateway Planning
Fair Fare Structure
Rapid Card Opportunity
Railcar Manufacturing Facility
Coordinated Multimodal Leveraging
What is a Fair Fare and Where Are Your Partners?
Enhanced Farebox Recovery
Competition for Franchise
Implications for Partnerships
National Opportunity for Local Economic Development
DFW as National Rail Development Leader
Transportation and Land Use Can No Longer Be Viewed In Separate Silos
Mobility 2035 Plan Relies On More Balance of Rail and Roads, Embracing North Texas 2050 Growth Scenario
INGREDIENTS: NAMING RIGHTS, TOLL REVENUE, FEDERAL FUNDING, LOCAL OPTION GAS TAX, LOANS & GRANTS, ADVERTISING, FAREBOX RECOVERY, SMART CARD, VALUE CAPTURE, PUBLIC LAND DEVELOPMENT, FIBER OPTIC, PARKING, TAX REVENUE SHARING, VEHICLE REGISTRATION FEE, IMPACT FEES, TIF, OTHER NATURAL FLAVORS
What Are The Implications for Attracting Private Investment?
What Efficiencies of Cost Optimization Can Be Achieved?
Can This Business Model Translate Beyond the Cotton Belt?
Therefore, in 2010 Sales Taxes were Reset Downward, leaving the Cotton Belt unfunded
Revision: $2.7 Billion